Pit & Quarry, August 2018
UPDATE DoDge MoMentuM InDex nearIng 10 year hIgh T he Dodge Momentum Index cont inued to trend upward in June growing by 08 percent to 1655 from the revised May reading of 1642 according to Dodge Data Analytics The 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 The commercial component of the index improved by 11 percent in June while the institutional component improved by a more modest 03 percent In June 13 projects each with a value of 100 million or more entered planning The two leading commercial projects were a 300 million hotel in Orlando Florida and a 225 million warehouse in Rialto California Meanwhile the leading institutional projects were the 349 million outpatient medical facility in Richmond Virginia and a 200 million hospital in Venice Florida Junes improvement marks the fifth straight monthly increase for the index which is nearing a 10 year high While construction activity is expected to increase through the end of 2018 the gains for the index during the last two months have been smaller than the gains seen in October 2017 through April of this year YOUR JOBS OUR TRUCKS Built Financed Delivered Serviced Guaranteed www CurrySupply com 8003452829 One of Americas largest manufacturers of commercial service vehicles since 1932 Great Lakes limestone trade surges S hipments of limestone on the Great Lakes totaled 405 million tons in June according to the Lake Carriers Association an increase of more than 17 percent compared to a year ago June 2018 represented the first month in which loadings topped 4 million tons since July 2015 Loadings from U S quarries totaled 32 million tons an increase of 162 percent compared to a year ago Shipments from Canadian quarries totaled 815000 tons an increase of 22 percent The Great Lakes limestone trade currently stands at 93 million tons Loadings from Michigan and Ohio quarries total 77 million tons an increase of 82 percent 60 PIT QUARRY August 2018 pitandquarry com
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