June 21, 2014 – Martin Marietta Materials Inc. expects to enter into an agreement with the U.S. Department of Justice that will resolve all competition issues with respect to Martin Marietta’s proposed acquisition of Texas Industries Inc. Martin Marietta believes that the agreement will be finalized this week. While Martin Marietta is not in a position to state the terms…
Read MoreMonth: June 2014
Off-Highway Diesel Prices
The national estimated average price-per-gallon for off-highway diesel fuel as of June 20 is $3.626. That is higher than the previous comparison price-per-gallon of $3.610.
Read MoreBennington Joins Superior Industries
June 18, 2014 – Superior Industries Inc., named John Bennington as product manager for its new washing and classifying product line. Earlier this month, the Minnesota-based manufacturer announced its acquisition of GreyStone Inc., a builder of washing, classifying and dewatering solutions serving the construction aggregates industry. The new product line will be labeled under the Superior brand name. Bennington joins…
Read MoreVoicing Approval
June 20, 2014 – Our associations are hitting it hard. The Highway Materials Group commended Senators Chris Murphy (D-Conn.) and Robert Corker (R-Tenn.) on their bipartisan proposal to ensure funding of the nation’s surface transportation system into the future by increasing the federal motor fuels tax by 12 cents.
Read MorePeter M. Holt
Congratulations to Peter M. Holt, CEO of Holt Cat, the largest Caterpillar dealership in the United States and owner of the San Antonio Spurs, on winning the NBA championship for the fifth time. Peter, you are a Rock Star!
Read MoreVolvo Launches New Products at Florida Event
Volvo Construction Equipment, at a special media event, introduced three new products at Flagler Construction Equipment in Tampa. Flagler is the exclusive Volvo dealer in Florida.
Read MoreDeFazio Introduces Transportation Funding Bill
Rep. Peter DeFazio (D-Ore.), a senior member of the House Transportation and Infrastructure Committee, introduced legislation that would save the Highway Trust Fund from insolvency.
Read MoreObama Signs Water Infrastructure Bill
President Obama signed HR 3080, the Water Resources Reform and Development Act of 2014, into law. The law streamlines the Army Corps infrastructure authorization process, authorizes new projects, deauthorizes old projects, and accelerates project delivery.
Read MoreCompany Touts Solar Roads
Forget everything you ever learned about road construction. A company called Solar Roadways Inc. is working to develop solar-powered roads. You heard that right.
Read MoreBuilder Confidence Rises Four Points in June
Builder confidence in the market for newly built, single-family homes rose four points in June to reach a level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It remains one point shy of the threshold for what is considered good building conditions.
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