U.S. Concrete CEO Talks Infrastructure on Fox Business Network

Posted by U.S. Concrete on Jan 3, 2018 4:30:29 PM

Bill Sandbrook, our CEO, was a guest on Fox Business Network’s Morning’s With Maria this morning. In the lengthy segment, which can be viewed below, Bill talks about the condition of infrastructure across the country and the significant need for Washington to no longer kick the can down the road when it comes to investing in infrastructure.

 In the interview, he notes that:

  • There are $4 trillion in infrastructure needs right now;
  • The ASCE recently gave the country's infrastructure a D-plus rating;
  • There are 56,000 structurally deficient U.S. bridges;
  • The World Economic dropped U.S. infrastructure to sixteenth in the world from fifth;
  • The Business Roundtable only rated four U.S. airports in the top 50 worldwide;
  • U.S. motorists lose $523 annually in additional vehicle operating costs as a result of driving on roads in need of repair; and
  • The gas tax hasn’t been raised since August 10, 1993 – prior to Amazon's existence!
Read More

Topics: In the news, U.S. Concrete

U.S. Concrete Driver Wins 2017 National Mixer Driver Championship

Posted by U.S. Concrete on Oct 4, 2017 10:00:00 AM

This year’s National Ready-Mixed Concrete Association (NRMCA) National Mixer Driver Championship’s first prize was awarded to Edward "Eddie" Rieper. Eddie is a mixer driver for U.S. Concrete's New Jersey business unit, Eastern Concrete Materials. The competition was held last weekend at the Gaylord Texan Resort Hotel & Convention Center in Grapevine, Texas, in conjunction with NRMCA’s ConcreteWorks.

Read More

Topics: Ferrara Bros., In the news, U.S. Concrete, Eastern Concrete

U.S. Concrete Supports Employees Impacted by Hurricane Harvey with Relief Fund

Posted by U.S. Concrete on Sep 1, 2017 2:52:43 PM

In the wake of Hurricane Harvey and its devastation, U.S. Concrete has been monitoring and communicating with our employees in the affected area. Our thoughts and prayers go out to the entire South Texas area affected by the storm, but we are happy to report that all U.S. Concrete employees are safe and accounted for. We had many employees impacted and we are still assessing what it will take to get each of them back to as normal life as possible. 

Read More

Topics: U.S. Concrete

If we want to fix our infrastructure, we must start with safety.

Posted by U.S. Concrete on Aug 15, 2017 9:39:00 AM

U.S. Concrete CEO, Bill Sandbrook, joined Maria Bartiromo on Fox Business to discuss potential economic impact of President Trump's infrastructure plan. The discussion revolves around Trump's recent press conference in which he unveiled an executive order that would help accelerate the approval process for infrastructure projects. Speaking to the media, Trump suggested burdensome regulations could stymie highway projects for as long as 17 years and cost hundreds of millions of dollars. 

The executive order is a small step compared to the ambitious $1 trillion infrastructure plan announced as a primary goal during Trump's campaign and early presidency. While the status of the plan remains in relative limbo, Sandbrook is confident that cutting some of the red tape obstructing infrastructure projects is a move in the right direction. He noted the disparity in efficiency between the government's approach to infrastructure and private business. 

As for how U.S. Concrete plans to fit into the proposed infrastructure plan, Sandbrook says these efforts are already underway on the private side. He cites recent projects with New York City's La Guardia airport as well as the Oakland Bay Bridge as notable examples (New York and Northern California are two of the company's primary areas of business). While infrastructure is top-of-mind for Congress and the U.S. government, it constitutes less than 20 percent of U.S. Concrete's business.

As of the present, much of the focus in Congress has centered around tax reform, but infrastructure will be among the many agenda items on the list once autumn arrives. As Sandbrook mentions, roughly 60,000 of bridges in the U.S. are deficient and in need of repair. Over time, these problems can and have become hazardous for Americans. Sandbrook hopes deregulation will help facilitate the repair of bridges under threat of becoming more structurally compromised. 

You can watch the full video here.

Read More

Topics: In the news, U.S. Concrete

CEO Bill Sandbrook on Middle Market Podcast

Posted by U.S. Concrete on Aug 14, 2017 5:28:00 PM

 

U.S. Concrete CEO Bill Sandbrook took an enormous risk when he decided to accept a leadership role at the company not long after it had filed bankruptcy. The year Sandbrook took over, U.S. Concrete shares were valued at a meagre $2.

Today, U.S. Concrete shares are valued at more than $76.35. The turnaround of the business — in a span of less than six years — is nothing short of miraculous.

Read More

Topics: In the news, U.S. Concrete

'The death of retail has not been the death of concrete,' says U.S. Concrete CEO from CNBC

Posted by U.S. Concrete on Aug 11, 2017 8:15:24 AM

 

Read More

Topics: In the news, U.S. Concrete

Bill Sandbrook Talks Infrastructure on Mad Money with Jim Cramer

Posted by U.S. Concrete on May 19, 2017 11:49:10 AM

(U.S. Concrete)  CNBC's Jim Cramer hosted U.S. Concrete CEO Bill Sandbrook on his hit show Mad Money to talk about infrastructure and the company's growth. Cramer discussed U.S. Concrete stock in the past, namely at the end of last year. Then, there was much hype about the potential for government infrastructure spending. The broad-scope infrastructure plan was to total roughly $1 trillion with the added potential project of the U.S.-Mexico Border Wall. Cramer admits, given recent developments in the White House, that these projects could be put on hold for the foreseeable future. 

However, Cramer notes that the construction material industry is a strong one — one that could yield potentially high returns. U.S. Concrete, he says, is still a strong buy despite a dip in the overall market and the uncertain future of the Trump administration's infrastructure plan. Cramer notes this in the wake of an impressively strong first quarter for U.S. Concrete, suggesting the company's presence in growing metropolitan areas such as North Texas, Northern California and New York give the company a recipe for sustained success.

Some notables from the first quarter release:

- Consolidated revenue increased 22 percent

- Ready-mixed concrete revenue increased 23 percent

- Aggregate product revenue increased 18 percent

Watch the rest of the video below: 

 

 

Read More

Topics: In the news, U.S. Concrete

Portable Concrete Plants and Mobile Concrete Mixer

Posted by U.S. Concrete on Apr 6, 2017 9:00:00 AM

(U.S. Concrete) Portable concrete mixers and mobile on-site plants are two distinct categories of products that provide a solution to a common problem — the need for fast-track mobilization of concrete supplies to remote locations. All concrete suppliers construct stationary concrete plants. Fewer will have a fleet of mobile concrete mixers and the capacity to set-up multiple on-site ready-mixed concrete plants. Mobile plants allow for efficient concrete construction operations anywhere in the country, especially in areas that would be logistically impossible to reach from stationary plants through conventional means.

Read More

Topics: Fast Track Mobilization, U.S. Concrete

Redi-Mix Concrete's Fast Track Mobilization at Facebook Data Center

Posted by U.S. Concrete on Mar 9, 2017 10:45:35 AM

U.S. Concrete's Dallas / Fort Worth business unit, Redi-Mix Concrete, is supplying the concrete for Facebook's Fort Worth Data Center. Redi-Mix teamed up with U.S. Concrete's nationwide mobile concrete plant business unit, U.S. Concrete On-Site, to provide the equipment necessary to supply one of the largest projects in the nation. With over 100,000 yards of concrete placed so far, Redi-Mix and On-Site, are showing their strength and flexibility with fast track mobilization portable plants.

Read More

Topics: fast track construction, Fast Track Mobilization, U.S. Concrete

CEO Bill Sandbrook talks to Fox Business about U.S. infrastructure

Posted by U.S. Concrete on Jan 27, 2017 11:37:06 AM

(U.S. Concrete)   In a Fox News segment featuring U.S. Concrete CEO Bill Sandbrook and Summit Materials CEO Tom Hill, both guests are asked about projections for infrastructure spending under President Donald Trump. U.S. Concrete saw its stock rise immediately following the election of Trump, who's promises to invest in infrastructure spending and a Mexican border wall have led to a surge in investments for potential suppliers.  

Though signs point to an increase in infrastructure spending, Sandbrook notes that no arrangement with U.S. government officials have yet been made regarding the promised border wall. The wall must be approved by Congress before contracts can be outlined, so U.S. Concrete will remain at the ready in case the project begins to develop. 

Aside from the wall, Sandbrook expressed optimism regarding Trump's tax plan, suggesting that the reduced regulations and tax burden could boost U.S. gross domestic product by 2 percent. When asked where the money for Trump'sinfrastructure plan would come from, he said that private investors and banks could potentially contribute to subsidize what the government would provide from its own funding. 

As of recently, Trump's press secretary Sean Spicer indicated that the President is still intent on following through with his $1 trillion infrastructure plan. The plan has taken a backseat to healthcare and tax reform of late, but the White House has indicated that the project is still very much on their radar. Though Trump raised the idea to lump in the infrastructure plan with his other priorities, the timeline has since been pushed back. 

Specific details of the infrastructure plan are not yet ironed out, other than an estimation of $1 trillion in spending over the course of 10 years. Whether or not the plan gets approval in 2017 is still uncertain, but the infrastructure plan would allegedly address the modernization of roads, airports, electrical grids and even broadband. 

Nevertheless, as of May 2017, U.S. Concrete stocks are still going strong after an excellent first quarter. 

 

 

Read More

Topics: In the news, U.S. Concrete