Motion Industries Inc., a wholly owned subsidiary of Genuine Parts Co., announced that it has entered into a definitive agreement to acquire Power Industries Inc., also known as Santa Rosa MRO. The acquisition expands Motion Industries’ footprint and customer service capabilities in the San Francisco Bay area. “The industry and product knowledge of Power Industries employees will be a big plus…
Read MoreDay: June 20, 2018
Tariffs to Hurt Aggregates Equipment Manufacturers
Machinery used by aggregates operations is on a list of Chinese imports that will be subject to a 25 percent duty beginning July 6, according to the National Stone, Sand and Gravel Association (NSSGA). The United States Trade Representative (USTR) announced a list of Harmonized Tariff Schedule (HTS) codes that classified hundreds of goods subject to the increased tariff.
Read MoreMay Construction Starts Climb; Highways Plummet
At a seasonally adjusted annual rate of $783.6 billion, new construction starts in May advanced 15 percent from April, according to Dodge Data & Analytics. The increase follows a 12 percent decline in April, and shows total construction activity reaching the highest level reported over the past eight months.
Read MoreBill Would Fund Infrastructure in Nation’s Poorest Communities
U.S. Representatives Mike Kelly (R-Pa.), William Lacy Clay Jr. (D-Mo.), and Ted Budd (R-N.C.) announced the introduction of the Generating American Income and Infrastructure Act (GAIIN) Act (H.R. 6104).
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