Vulcan Materials Company

“we also have some $6,000,000,000 Eli Lilly project here in Alabama that is kicking off.”

Vulcan cites a $6B Eli Lilly manufacturing project in Alabama as an aggregate-intensive private non-residential demand driver, signaling Lilly capacity expansion.

“You guided to 2% aggregate volume growth this year, and that is the same as Martin.”

An analyst benchmarks Vulcan's 2% aggregate volume guidance against Martin Marietta's, implying a similar 2026 volume outlook across the aggregates peer set.

“We're customers of both those railroads, but the way Aggregates shipments move, you're not going to co-mingle those. So I don't see much of an impact for us. In other words, what we ship now, we're not a long hauler. So we're shipping to a market which is within each one of those railroads not changing carriers.”

Vulcan describes itself as a rail customer of Norfolk Southern and does not expect the proposed Union Pacific-Norfolk Southern merger to materially affect its shipping operations.

“We're customers of both those railroads, but the way Aggregates shipments move, you're not going to co-mingle those. So I don't see much of an impact for us. In other words, what we ship now, we're not a long hauler. So we're shipping to a market which is within each one of those railroads not changing carriers.”

Vulcan describes itself as a rail customer of Union Pacific and does not expect the proposed Union Pacific-Norfolk Southern merger to materially affect its shipping operations.

“according to CoStar data, approximately 7% of proposed data center activity is within 20 miles of a Vulcan”

Vulcan cites CoStar data to quantify how much planned data-center construction activity is near its aggregates facilities, supporting its demand outlook.