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Chart of the Month: U.S. Aggregate Production on the Rise

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U.S. production of key segments in global construction aggregates like crushed stone and construction sand/gravel has grown significantly in the past several years with the influx of infrastructure investments and population increases. Despite the surge in demand, fleets are facing new challenges in maintaining profitability, margins and growing their revenue. Increasing energy costs are leading to higher production costs meaning that fleets need to save where they can – and the best place to start is fuel (where costs are also rising). Today’s technology can curb fuel use by identifying factors like tire health, inefficient routes, frequency of speeding, harsh braking and unnecessary idling, all of which contribute to greater fuel loss. Preventative measures to cut down costs, ultimately, make a big impact on a company’s bottom line and keep them profitable as demand burgeons.

 

Source:

* U.S. Geological Survey (Mineral Commodity Summaries)

** Persistence Market Research (Global Market Study)


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