Pit & Quarry, January 2011
Industry snapshot P Q AggregAtes Industry Index January 200 Jan Feb Mar apr May Jun Jul aug sep oct nov dec Jan Feb Mar apr May Jun Jul aug sep oct nov dec Jan 2009 2010 2011 300 250 200 150 Source Pit Quarry Upcoming Events Isee Conference on explosives and Blasting technique Feb 6 9 san diego sMe Annual Meeting exhibit and CMA national Western Mining Conference Feb 27 March 2 denver the Work truck show March 8 10 Indianapolis Conexpo Con Agg 2011 March 22 26 Las Vegas Survey Says Industry briefs The P Q Index makes a sizeable sAFeteA Lu extension Whether a multi year federal surface transportation program becomes reality in the 112th Congress remains unknown Instead a series of short term extensions of the program that funds the nations transportation projects has become the norm president obama signed the latest extension of the surface transportation program the sixth since saFEtEa Lu expired on sept 30 2009 through March 4 2011 slight rise for aggregates production an estimated 606 million metric tons of total aggregates were produced and shipped for consumption in the united states in the third quarter of 2010 a slight increase compared to the same period of 2009 according to the u s Geological survey the estimated production for consumption in the first nine months of 2010 was 148 billion metric tons a slight decrease compared to the same period of 2009 Construction employment recovery Construction employment increased or remained steady in a growing number of metropolitan areas 120 of 337 between november 2009 and november 2010 the associated General Contractors of america noted Employment also expanded in 20 states between october and november while the list of states with year over year construction job gains grew to 13 plus the district of Columbia drop to begin the year It hasnt been this low since plummeting to 194 in May 2009 F I R S T OF MONTH OP ENING DEC NOV Cemex SA 924 879 Eagle Materials 2523 2344 MDU Resources 2064 2000 Martin Marietta Materials 8562 8121 Texas Industries 3768 3442 Vulcan Materials 4012 3667 Source Yahoo Finance LAST MONTHS QUESTION In reportIng thIrd quarter results Vulcan and MartIn MarIetta were optIMIstIc about the future do you haVe that saMe outlook yes the worst is behind us 6 yes but times are still tough 55 no too many challenges remain 39 Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions Oct 2010 Sept 2010 Change Nonresidential Building 147809 162005 9 Residential Building 120125 116650 3 Nonbuilding Construction 145841 127906 14 Total Construction 413775 406561 2 Source McGraw Hill Construction Year to Date Construction Contract Value Unadjusted Totals in Millions 10 mo 2010 10 mo 2009 Change Nonresidential Building 129011 146617 12 Residential Building 102019 94567 8 Nonbuilding Construction 119326 121818 2 Total Construction 350356 363002 3 Source McGraw Hill Construction 8 pIt Quarry January 2011 www pitandquarry com
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