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North Dakota Faces $2.5 Billion Transportation Shortfall

While increased transportation investment in North Dakota, largely as a result of the state’s energy boom, has allowed numerous projects to proceed, additional investment is still needed to improve road and bridge conditions, enhance safety and accommodate projected growth, according to a new report from TRIP, a national nonprofit transportation research group based in Washington, D.C.

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Growth Predicted for Construction, Mining Equipment Investment

After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.9 percent (up from 7.0 percent in the third-quarter Economic Outlook published in July) according to the fourth-quarter update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. 

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Great Lakes Limestone Trade Up Nearly 4 Percent in September

Shipments of limestone on the Great Lakes totaled 3.6 million tons in September, an increase of 3.7 percent compared to a year ago, according to the Lake Carriers’ Association. Limestone cargos also bettered the month’s five-year average by 8 percent.

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Dodge Momentum Index Drops in September

The Dodge Momentum Index dropped 2.6 percent in September to 159.5 (2000=100) from the revised August reading of 163.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.   

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Aggregates Operations Honored With Sentinels of Safety Award

The National Mining Association (NMA), the U.S. National Institute of Occupational Safety and Health (NIOSH), U.S. Department of the Interior’s Office of Surface Mining Reclamation and Enforcement (OSMRE) and Bureau of Land Management (BLM), honored outstanding achievements in mine safety, environmental stewardship and technology. The awards ceremonies took place on Sept. 27, in Washington, D.C.

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