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Vulcan Sells Florida Concrete, Cement Assets

Vulcan Materials Co. entered into a definitive agreement to sell the company's cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720 million.

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Cat Exec Pushes Congress on Infrastructure Legislation

Caterpillar Inc. Group President with responsibility for Customer and Dealer Support Stu Levenick urged Congress today to develop federal surface transportation reauthorization legislation that enhances our nation’s infrastructure system and enables companies like Caterpillar to compete globally.

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DOT Secretary Foxx Outlines Transportation Priorities

According to the National Stone, Sand & Gravel Association, in a speech Jan. 16 to the Transportation Research Board, U.S. Department of Transportation Secretary Anthony Foxx laid out his top priorities for the year, highlighting the need to deal with the “infrastructure deficit.”

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Construction Spending Rises in 2013

For 2013 as a whole, total construction starts advanced 6 percent to $516.8 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. This follows the 10 percent gain reported for 2012 (which drew support from a record amount of new electric utility starts that year) and modest 2 percent gains in both 2010 and 2011. If the volatile electric utility category is excluded, total construction starts in 2013 would be up 14 percent, following a 9 percent gain in 2012 and essentially flat activity during 2010 and 2011.

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