Rock Products

JUN 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

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10 • ROCK products • June 2018 IN THE KNOW markets, particularly north Texas, were held back due to wet weather. Wetter and colder weather led to reduced shipments in a number of other south- eastern markets and Virginia. On a same-store basis, shipments in Georgia and South Carolina were down double-digits and Virginia decreased high-single digits. Daily shipping rates in these markets strengthened in April, and the company's overall shipment momentum remained consistent with full-year plans. With respect to the balance of 2018, leading indicators such as employment growth and construction starts indicate a continued recovery in demand across Vulcan's footprint. Private demand, both residential and nonresidential, continues to recover across Vulcan-served markets, and highway demand is again growing after a disappointing 2017. Transporta- tion agencies appear to be catching up to new, higher funding levels in key Vul- can-served states. Construction starts data for Vulcan mar- kets – as well as the company's backlogs, booking rates for future work, and ship- ment patterns – all suggest improved demand visibility. Certain markets do face near-term logistics challenges, including disappointing rail-service quality, although the company expects these pressures to ease over the balance of the year. Demand visibility, customer confidence, diesel prices, and logistics constraints support continued upward pricing movements in many markets. For the quarter, freight-adjusted average sales price for aggregates increased 1 percent versus the prior year, despite a negative geographic and product mix impact. Excluding mix impact, aggregates price increased 3 percent. Pricing remained particularly strong in California, Georgia and other south- eastern markets that are supported by clear demand visibility for both private and public construction. Texas, particu- larly coastal Texas, experienced relative pricing weakness in the quarter due to higher inbound freight costs and the mix of work – although the company expects this trend to reverse over the remain- der of the year. April price increases to key customers were executed well, and Vulcan Materials expects additional price increases in several markets later this year. Quality Unsurpassed; Product Built to Last Rhino Hyde® is a division of Tandem Products, Inc. 1.800.533.0509 Contact your local distributor for sizes and information. RHINO HYDE® POLYURETHANE PRODUCTS ARE BLENDED IN-HOUSE WITH OVER 40 YEARS OF EXPERIENCE MANUFACTURING QUALITY WEAR PRODUCTS available in: 1' x 1' 1' x 2' 1' x 4' PANEL SIZES multiple fastening types including: PINS, SLEEVES, SNAPS and GROOVE available in SINGLE and DUAL DUROMETER available in a WIDE RANGE OF SQUARE and SLOTTED OPENINGS *SELECT STYLES SHOWN, INQUIRE FOR A FULL PRODUCT LIST thickness ranges from: 30MM - 70MM MODULAR SCREENS

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