Rock Products

AUG 2019

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:

Contents of this Issue


Page 74 of 159 ROCK products • August 2019 • 73 Aggregates Industry Almanac Economic Update Ohio, the $450 million Emmons-Logan Wind Energy Center in North Dakota, the $300 million Ida Grove Wind Farm in Iowa, the $200 million Southern Oak Solar Energy Center in Georgia, and a $200 million electric substation upgrade in Wyoming. The public works categories as a group slipped 1% in May, due to a mixed performance by the individual project types. The miscellaneous public works category, which includes such diverse segments as site work, rail transit and pipelines, increased 20% as the $800 million Metro Green Line South- west light rail transit in Minnetonka, Minn., was included as a May start. Water supply construction rose 23% in May, helped by such projects as the $92 million Oak Ridge Outfall Treatment Facil- ity in Oak Ridge, Tenn., and an $87 million water reclamation plant upgrade in Valencia, Calif. On the negative side, the river/harbor development category dropped 22% in May, while sewer construction retreated 24% even with the start of a $118 million wastewater pump- ing station upgrade in Honolulu, Hawaii. Highway and bridge construction eased back 2% in May fol- lowing 8% improvement over the previous two months. The top five states in terms of the dollar amount of highway and bridge construction starts in May were – California, Texas, Illinois, New York, and Florida. Nonresidential Building Nonresidential building in May was $266.6 billion (annual rate), up 7% following a 16% drop in April. The manufactur- ing plant category provided much of the lift, soaring 350% as two very large manufacturing plant projects were included as May construction starts – the $1.6 billion Shintech polyvinyl chloride manufacturing facility in Plaquemine, La., and a $600 million steel mill expansion in Osceola, Ariz. The commercial categories as a group receded 5% in May, the result of a slower pace for office construction, down 17%; and commercial garages, down 26%. Even with the decline, office construction in May did include the start of several noteworthy projects, such as the $263 million George H.W. Bush office building in Austin, Texas, a $258 million office tower in Nashville and a $250 million office/research devel- opment building in south San Francisco. Two large data center projects also reached groundbreaking in May – a $150 million Microsoft data center in Goodyear, Ariz., and the $135 million Raging Wire data center in Ash- burn, Va. On the plus side, warehouse construction in May jumped 39%, helped by groundbreaking for a $182 million distribu- tion center in the Bronx, N.Y., and the $155 million TJX Home Goods distribution center in Lordstown, Ohio. Hotel construction in May grew 9%, featuring the start of the $305 million hotel portion of the $700 million Philadelphia Live Casino and Hotel in Philadelphia. Store construction, while remaining at a subdued volume, grew 4% in May. The institutional building categories as a group settled back 2% in May. Educational facilities, the largest nonresiden- tial building category by dollar volume, slipped 1% in May, although the latest month did include groundbreaking for the $205 million Wellesley College science center renovation in Wellesley, Mass., and a $150 million museum renovation at the University of Michigan in Ann Arbor, Mich. The public buildings category (courthouses and detention facilities) dropped 3% in May, and transportation terminal work fell 63% from April that included the start of the $972 million terminal building portion of the $1.3 billion new air- port terminal project at Kansas City International Airport. Lakes Limestone Trade Shipments of limestone on the Great Lakes totaled 4,066,915 tons in June, an increase of less than 1% from a year ago, according to the Lake Carriers' Association. This June's loadings were above the month's five-year average by 7%. Loadings out of U.S. quarries totaled 3,400,440 tons, an increase of approximately 162,252 tons compared to a year ago. However, shipments from Canadian quarries totaled 666,475 tons, a decrease of 148,331 tons or 18%. Year-to-date the Lakes limestone trade stands at 10,753,764 tons, an increase of 15.8% compared to 2018. Loadings from Michigan and Ohio quarries increased 15.6% from a year ago. Shipments from Ontario quarries total 1,846,696 tons, an increase of 264,980 tons. The Lake Carriers' Association represents 13 American companies that operate 46 U.S.-flag vessels on the Great Lakes and carry the raw materials that drive the nation's economy: iron ore and fluxstone for the steel industry, aggregate and cement for the construction industry, coal for power generation, as well as salt, sandand grain. Col- lectively, its members can transport more than 90 million tons of dry-bulk cargo per year and employ more than 1,600 men and women, all of whom are U.S. citizens or legally admitted aliens, and provide annual wages and benefits of approximately $125 million.

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - AUG 2019