A quarry can sell crushed stone cheaply and still lose a job to a closer supplier. Stone is heavy and inexpensive per ton, so freight can wipe out a price advantage at the quarry. The U.S. Justice Department has treated construction aggregates as local markets in merger reviews for that reason. A well-located quarry may face only a few rivals within economical trucking distance. Our 11 Best Materials Stocks to Buy According to Hedge Funds covers how major aggregate suppliers serve those...
