May 3, 2017 – A sweeping Republican proposal to fund transportation and cut taxes would flatten income tax rates, lower the gas tax and raise new funding for roads by applying the sales tax to gasoline, according to an article in the Wisconsin State Journal. The goal of the plan, which is subject to change, is to hold gas prices steady by lowering the…
Read MoreDay: May 3, 2017
Construction Spending at Record Levels for Second Straight Month
Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are eager to see details of…
Read MoreSummit Materials’ Aggregates Revenues Spike Higher in First Quarter
Summit Materials Inc. announced results for the first quarter 2017. For the three months ended April 1, 2017, the company reported a net loss of $52.4 million, compared to a net loss of $21.1 million in the prior-year period. On an adjusted basis, Summit reported a net loss of $54.8 million, versus a diluted net loss of $42.5 million in…
Read MoreRecent Deaths of Miners Working Alone Spurs MSHA Action
In the first three months of 2017, five miners died in accidents that occurred when they were working alone on mine property. To raise awareness of the potential dangers in doing so, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has launched an initiative to focus on the hazards miners may encounter when they work in areas…
Read MoreGreat Lakes Limestone Trade Down in April
Shipments of limestone on the Great Lakes totaled 1,630,081 tons in April, a decrease of 16.3 percent compared to a year ago. Loadings also trailed the month’s five-year average by 22.4 percent, according to the Lake Carriers’ Association.
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