Tech
Who Makes Billions Paving America’s Roads?
The asphalt and road paving industry has always been hugely dependent on federal money. In fact, about 50% of the funding to the industry comes from the U.S. government.
With the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Act, signed into law, $1.2 trillion will be invested. That is a 40% to 50% increase over the previous FAST Act. CRH, as the largest road paver in the U.S., is one of the biggest winners. In 2022, CRH made more than $32 billion; more than $20 billion of that came from its business in America. That number is about to increase substantially in the next few years.
But there are some strings attached. More money is going to projects that prove they are better for the environment. The industry has solutions to meet this challenge, such as recycled asphalt pavement and warm mix asphalt. But implementing them in the field poses challenges.
Correction 6/26: At 7:58 we misstated 960billion in dividends. The correct is $960 million in dividends.
Chapters:
00:00 — Introduction
01:13 – The need for asphalt
04:40 — CRH and Industry
11:18 — Challenges
Produced by: Robert Ferris
Editor: Jacob Harrell
Senior Managing Producer: Tala Hadavi
Additional Camera: Natalie Rice, Darren Geeter
Graphics: Alex Wood, Christina Locopo, Jason Reginato
Additional footage: CRH, Getty Images
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Who Makes Billions Paving America’s Roads?
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A leak by Indian supplier Tata Electronics, purportedly of the yet-to-be-released iPhone 18 Pro models, has become marketing gold for the Chinese government. The Communist Party paper, The Global Times, is using the leak – caused by a cyberattack – as a cautionary tale for Apple and other American companies that are in the process of diversifying their supply chains away from China. CNBC’s Eunice Yoon reports.
00:58 Correction: The location tag should be Beijing, China.
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China’s Swagger After India’s iPhone 18 Leak
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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Warner Music Group, the third-largest music label by market share, is tapping into the South Asian music movement with its latest venture.
CNBC’s Laya Neelakandan explains.
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Micron’s hometown of Boise, Idaho has a growing crop of newly minted millionaires.
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But, the cost of dating itself is only part of the story. For millions of users, finding a date means paying for the apps.
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@alroam1738
December 19, 2023 at 5:51 am
Major part of bureacracy pseudo injected budget must be spent to fix something unbroken…on the list of uprooting..
@user-zl6jj4wt7y
December 19, 2023 at 5:51 am
Curtis Harlan
@user-zl6jj4wt7y
December 19, 2023 at 5:51 am
Hello i drove trucks 47 years
@match499
December 19, 2023 at 5:51 am
Which politician owns this company?
@NewWorldOrderx0x1
December 19, 2023 at 5:51 am
Who,makes them?
Defilishtlely not u
@prophecyrat2965
December 19, 2023 at 5:51 am
What type of backwards double think pills do you need to swalow to make an statmet that The Industrial Machinery and Procces and Minning and Total Envion tal Annhilation that comes from making Roads for Metal Machines to trverse the Earth, is in any way “good for the enviornment”. Green washing to the Maximum. Just be Honest, Civilization is a Holocaust Machine 🦾🤖🏭☢️🔥💀
@TheDiablosix6six
December 19, 2023 at 5:51 am
CRH (Cement Roadstone Holdings) is a great Irish company!!
@aborteddemocrat-ux7ue
December 19, 2023 at 5:51 am
The Union Boss makes all the money and forces everyone to vote Democrat
@MadQmike
December 19, 2023 at 5:51 am
How does this happen when the Country does not have money, but has to borrow for everything almost ? i mean their debt is massive there has to be a breaking point lol
@Spaceface3
December 19, 2023 at 5:51 am
See this is what I don’t mind paying taxes for, to our own infrastructure. But the way we send money to other countries, like it’s the holidays year round probably could’ve been used to have most roads freshly paved or get rid of all these potholes at least😂
@Jeff-nb8iy
December 19, 2023 at 5:51 am
So basically we’re just pumping $CRH stock the entire video.
@nervouswreck392
December 19, 2023 at 5:51 am
I HATE THIS COMMENT‼️I DISLIKED IT☝️ YA‼️
@deandecooman
December 19, 2023 at 5:51 am
do they need more jobsite supervisors? 😉
@nickgibb4687
December 19, 2023 at 5:51 am
send it. just commie politicians
@F250Harvest
December 19, 2023 at 5:51 am
I used to work for Tilcon, it’s one of the worst companies to work for. You slave 10 months a year work 80-100 hours a week and work hazards are through the roof. I have respiratory issues still after leaving 10 years ago. There’s a reason why they make so much in profits.
@John-zc4rz
December 19, 2023 at 5:51 am
Great propaganda piece brought to you by big asphalt companies and their payed off politicians.
@cdimmm
December 19, 2023 at 5:51 am
You could defund the fake agency NASA that would free up 68 million a day?
@cdimmm
December 19, 2023 at 5:51 am
Just print more money, i don't understand what the problem is.
@zortaf85
December 19, 2023 at 5:51 am
Shreveport LA I 20 the worst road ever
@glennalexon1530
December 19, 2023 at 5:51 am
Bull. CRH (EBITDA) earnings in 2022 were $5.6 billion USD, not $32 billion; after tax income was about $2.7 billion. Read a book, CNBC.
@bigmac2752
December 19, 2023 at 5:51 am
Its all a scam.
@viktoraggerholm5102
December 19, 2023 at 5:51 am
Do the roads come with potholes already installed?
@bingdong8571
December 19, 2023 at 5:51 am
Uh sweet? Another completely accepted monopoly! Are our leaders secretly smoking crack?!
@blakespower
December 19, 2023 at 5:51 am
why do you need a special bill for infrastructure? Infrastructure should be a primary function of government. and why are taxes raised when we pay a percentage of taxes why does the percentage keep rising?
@duaneherron234
December 19, 2023 at 5:51 am
Paving our roads with potholes.
@Paul-vv5rb
December 19, 2023 at 5:51 am
A good Irish Company
@justing6594
December 19, 2023 at 5:51 am
Awesome. These where supposed to be local companies in states to bid on jobs. Apparently not anymore.
@spencerobrien-steele5196
December 19, 2023 at 5:51 am
why is the us giving contracts to a company listed on the LSE. Boooo
@spencerobrien-steele5196
December 19, 2023 at 5:51 am
960 billion in dividends? I dont think so
@SoapinTrucker
December 19, 2023 at 5:51 am
2.8 million miles of roads in the USA, that's it? Really? :O
@ShaneMclane-PrivateEye
December 19, 2023 at 5:51 am
I paved a road once…It sucked. Let them do it all, trust me you dont want to.
@aNYCdj
December 19, 2023 at 5:51 am
MORE MORE MORE herein CT roads are crumbling paint worn off we need paving last year
@miguelabonce8110
December 19, 2023 at 5:51 am
Thanks for paving our roads, I love to ride my 5.0 on this roads
@peterlarson8932
December 19, 2023 at 5:51 am
My father ran 2 commercial semi trucks in the late 70s and early 80s. They made about 3.5 m.p.g. and had a gross weight of 80,000 lbs.
Now most over the road trucks have more axles, weigh a lot more make over 5 m.p.g., and travel faster with the end of the 55 mile per hour speed limit. When a tire hits a road crack or pothole, weight and speed really matter. Road taxes are charged mostly by the gallon of fuel purchased. Stop and think, forty years of inflation on road repairs and build costs, more trucks, heavier, faster, less fuel purchased per mile driven, with similar tax dollars per gallon. A fuel tax is a very fair tax. If the highway trust fund isn't robbed for other uses! A car burns less fuel per mile but does little damage per mile. Trucks are harder on the road but pay more tax per mile driven.
I normally don't condone raising taxes but if the money is paid mostly by the users, needed, and targeted properly that's different.
@jasonhanson6563
December 19, 2023 at 5:51 am
The roads are dirt, they are only topped with asphalt.
@BradFalck-mn3pc
December 19, 2023 at 5:51 am
In Canada it's called Eurolia
@mikeb.1978
December 19, 2023 at 5:51 am
America is stupid for Europe
@orccomputers2145
December 19, 2023 at 5:51 am
woo wee ……
@barrieroberts75
December 19, 2023 at 5:51 am
Concrete Roadstone Holdings,to give its full name ,based in Dublin Ireland, they bought Tarmac while i was working for them when i was managing an Asphalt plant in the North West of England, my plant new in 1996 was ownen by a local North Wales company caled Bodfari Aggregates, after 2or 3 years we were bought bt Tilcon ,i am glad yo see the name ( Tilling Construction a Yorkshire company who bought out Tarmac but due to the strengthof the name Tarmac Tilcon namewas dropped)still in use as it was the best Employer and it respected the work force ,i retired 7 years ago last July ,was offered the chance to buy CHR shares at a discount but didn't bother as my pure hate for my area Management i just wanted out after 40 +years in the industry so I retired and never gave it a second thought 😊😊😊
@ballygo100
December 19, 2023 at 5:51 am
CRH (Cement Roadstone Holdings) its Irelands Largest company. HQ in Dublin
@TheGamerbroski
December 19, 2023 at 5:51 am
All these comments on CRH if they are a monopoly …ridiculous they are a Dublin Ireland based company yet apparently cover most if not all road pavement and cement infrastructure in the US. Ridiculous in how greedy and corrupt our government is in not knowing any way how to truly effectively produce basic needs of an economic basis infrastructure that is heavily used in America.
@christopherostrom6689
December 19, 2023 at 5:51 am
I heard somewhere that the furthest you can walk/go in the continental USA, without hitting a road, is 21.4 miles. Must be less by now…
@mazermajestic
December 19, 2023 at 5:51 am
In response to the final statements: "When everybody wants to go with the cheapest possible option.". 😅
@EzzieGuy-vz9yk
December 19, 2023 at 5:51 am
Cw.matthews is one of the biggest paving there is in Georgie 48 plants 95 percent paving interstates ,the best cat equipments 50 or plus road tech paver and shuttle buggies and build bridges. 1.5 million a week in pay roll CNBC better look them up
@seamusmaye6009
December 19, 2023 at 5:51 am
CRH plc Highway Robbery – The Cement Mafia and its U.S. Asphalt Cartel (7-minute documentary):-
https://www.youtube.com/watch?v=9AB0Np01U9E&t=312s
@franciscojuarez4440
December 19, 2023 at 5:51 am
CRH needs to hire felons noone wants to do construction it's mostly felons that work construction