Vulcan Materials Shares Rise 3 Percent
The company expects increased highway and repair spending in California
Shares of Vulcan Materials rose 3 percent, according to a report. There are expectations that highway and repair spending in California will increase soon.
A study notes that Vulcan, which produces construction aggregates, could benefit from additional funding. California Gov. Jerry Brown announced legislature that will include a landmark transportation investment.
A press release mentioned a $5 billion-a-year program that comes with new provisions to make sure funds are only spent on transportation.