Rock Products

DEC 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

Issue link: https://rock.epubxp.com/i/1056728

Contents of this Issue

Navigation

Page 36 of 99

www.rockproducts.com ROCKproducts • December 2018 • 35 • In Kansas, construction contributed $6.1 billion (3.9 percent) of the state's GDP of $158 billion, less than the industry's 4.3 percent share of U.S. GDP. Construction wages and salaries in 2017 totaled $427 billion in the United States, including $3.3 billion in Kansas. Nonresi- dential spending in the United States totaled $714 billion in 2017 ($438 billion private, $277 billion public). Private nonresidential spending in Kansas totaled $3 billion in 2017. State and local spending totaled $2.2 billion. Non- residential starts in Kansas totaled $3.7 billion in 2017 and $4 billion in 2016, according to ConstructConnect. • In Minnesota, construction contributed $15 billion (4.3 percent) of the state's GDP of $351 billion, the same as the industry's 4.3 percent share of U.S. GDP. Construc- tion wages and salaries in 2017 totaled $427 billion in the United States, including $7.9 billion in Minnesota. Nonres- idential spending in the United States totaled $714 billion in 2017 ($438 billion private, $277 billion public). Private nonresidential spending in Minnesota totaled $4.4 billion in 2017. State and local spending totaled $6.5 billion. Non- residential starts in Minnesota totaled $8.4 billion in 2017 and $7.8 billion in 2016, according to ConstructConnect. • In Missouri, construction contributed $11.4 billion (3.7 percent) of the state's GDP of $305 billion, less than the industry's 4.3 percent share of U.S. GDP. Construction wages and salaries in 2017 totaled $427 billion in the United States, including $7.2 billion in Missouri. Nonres- idential spending in the United States. totaled $714 billion in 2017 ($438 billion private, $277 billion public). Private nonresidential spending in Missouri totaled $5.2 billion in 2017. State and local spending totaled $3.8 billion. Non- residential starts in Missouri totaled $7.6 billion in 2017 and $7.8 billion in 2016, according to ConstructConnect. • In Nebraska, construction contributed $4.1 billion (3.4 percent) of the state's GDP of $122 billion, less than the industry's 4.3 percent share of U.S. GDP. Construction wages and salaries in 2017 totaled $427 billion in the United States, including $2.6 billion in Nebraska. Nonres- idential spending in the United States totaled $714 billion in 2017 ($438 billion private, $277 billion public). Private nonresidential spending in Nebraska totaled $2.1 billion in 2017. State and local spending totaled $1.8 billion. Non- residential starts in Nebraska totaled $3.3 billion in 2017 and $2.9 billion in 2016, according to ConstructConnect. • In North Dakota, construction contributed $3.6 billion (6.6 percent) of the state's GDP of $55 billion, more than the industry's 4.3 percent share of U.S. GDP. Construc- tion wages and salaries in 2017 totaled $427 billion in the United States, including $1.7 billion in North Dakota. Nonresidential spending in the United States totaled $714 billion in 2017 ($438 billion private, $277 billion public). Private nonresidential spending in North Dakota totaled $1.6 billion in 2017. State and local spending totaled $2.2 billion. Nonresidential starts in North Dakota totaled $1.7 billion in 2017 and $2.3 billion in 2016, according to ConstructConnect. • In South Dakota, construction contributed $2.1 billion (4.1 percent) of the state's GDP of $50 billion, less than the industry's 4.3 percent share of U.S. GDP. Construc- tion wages and salaries in 2017 totaled $427 billion in the United States, including $1.1 billion in South Dakota. Nonresidential spending in the United States totaled $714 billion in 2017 ($438 billion private, $277 billion public). Private nonresidential spending in South Dakota totaled $1.4 billion in 2017. State and local spending totaled $1.2 billion. Nonresidential starts in South Dakota totaled $2.2 billion in 2017 and $1.4 billion in 2016, according to ConstructConnect. Around the Region MDU Resources Group Inc. acquired Sweetman Construc- tion Co., a premier provider of aggregates, asphalt and ready mixed concrete in the Sioux Falls, S.D., market. Sweetman, which does business as Concrete Materials Co., will become part of Knife River Corp., the construction materials subsid- iary of MDU Resources. Financial details of the acquisition were not disclosed. MDU Resources anticipates the acqui- sition will be accretive to earnings per share. Earlier this year, Minnesota Sands LLC filed a lawsuit to challenge the Winona County, Minn., ban on the mining of sand for use in the energy industry. The ban was passed by the Winona County board of commissioners in November 2016 and prohibits the mining, processing, or trans-loading of frac sand in rural Winona County. Roads and bridges that are deteriorated, congested or lack some desirable safety features cost Missouri motorists a total of $7.8 billion statewide annually – as much as $2,0311 per driver – due to higher vehicle operating costs, traffic crashes and congestion-related delays. The TRIP report, "Missouri Transportation by the Numbers: Meeting the State's Need for Safe, Smooth and Efficient Mobility," finds that throughout Missouri, one-half of major locally and state-maintained roads are in poor or mediocre condition and 13 percent of locally and state-maintained bridges are structurally deficient. The report also finds that traffic con- gestion throughout Missouri is worsening, causing up to 45 annual hours of delay for drivers in the largest urban area and costing the state's drivers $2.4 billion each year in lost time and wasted fuel. The TRIP report calculates the cost to motorists of insufficient roads in the Columbia-Jefferson City, Kansas City, St. Louis and Springfield areas. Sources: U.S. Geological Survey and Associated General Con- tractors of America.

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - DEC 2018