Construction Spending Ticks Upward; Highways Down Slightly

According to the U.S. Census Bureau, construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% (±0.5%) above the revised May estimate of $1,929.6 billion. The June figure is 3.5% (±1.3%) above the June 2022 estimate. During the first six months of this year, construction spending amounted to $917.4 billion, 3.0% (±1.0%) above…

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The Economics of Workplace Safety

Justifying Safety Investments Is Greatly Enhanced By Quantifying What Most Financial Managers Refer To As ‘Intangible Costs.’  By Dennis Blauser Conveyor safety is not a modern trend bred by government regulation; it’s a common-sense idea as old as the first conveyor design. In the modern age, safety is a key factor in worker protection, reduced insurance rates and a lower…

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Votorantim Cimentos’ North American Revenue Up 12%

Votorantim Cimentos ended the second quarter of 2023 with R$470 million net profit, a 28% increase compared to R$366 million in the same period last year. The company’s global net revenue in the quarter was R$6.9 billion, an increase of 3% compared to the prior-year period, primarily due to the volume added by the recently acquired Malaga plant in Spain. 

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