Summit Materials Inc. announced that its board of directors has appointed Anne M. Cooney and Susan A. Ellerbusch as new independent directors. With the appointment of Cooney and Ellerbusch, Summit’s board now comprises 10 members. Additionally, Summit announced that Neil P. Simpkins will resign from the board of directors, effective at the end of the company’s fiscal year.
Read MoreMonth: August 2018
Eurovia Acquires Lane Asphalt Plants & Paving
Eurovia has signed an agreement with Salini Impregilo Group to acquire the Cheshire, Conn.-based Lane Asphalt Plants & Paving division of its subsidary Lane Construction. The transaction is reported at $555 million.
Read MoreNew Construction Starts in July Slide 9 Percent
At a seasonally adjusted annual rate of $817.4 billion, new construction starts in July fell 9 percent from the elevated pace reported in June, according to Dodge Data & Analytics. The latest month’s decline followed strong gains for total construction starts during the previous two months, with May up 14 percent and June up 11 percent.
Read MoreTerex’s Garrison Assumes Position of Chairman
Terex Corp. announced that John Garrison, Terex’s president and CEO, will also assume the position of chairman of the board effective immediately. Garrison succeeds David Sachs who has been non-executive chairman since January 2016 and was previously lead director since May 2013. With the appointment of Garrison as chairman, Sachs will again assume the role of lead director. “I would like…
Read MoreHaver & Boecker Offers Ty-Max and Ty-Wire Screen Media
Haver & Boecker offers Ty-Max and Ty-Wire screen media, now with longer wear life proven through extensive field testing, according to the company. “Product testing is an ongoing process conducted to ensure products are not only meeting customer expectations, but exceeding them,” said Karen Thompson, Haver & Boecker Canada president. “Through rigorous testing in the field, we discovered these products…
Read MoreChaney Enterprises Wins Workplace Excellence Award
Gambrills, Md.-based Chaney Enterprises won its 10th consecutive Alliance for Workplace Excellence (AWE) Seal of Approval award for its commitment to supporting employees and their communities.
Read MoreWOTUS Rule Reinstated in 24 States
On Aug. 16, the U.S. District Court in South Carolina issued a summary judgment against the Environmental Protection Agency’s (EPA’s) two-year delay of the 2015 Waters of the U.S. Rule, reinstating the rule in all but the 26 states listed below due to earlier judicial stays.
Read MoreDomino’s Pizza is Fixing our Roads?
August 15, 2018 – We can’t get the federal government to fix our infrastructure, so Domino’s Pizza is doing it. Say what? Domino’s is “saving pizza, one pothole at a time,” according to the company. Cracks, bumps, potholes and other road conditions can put good pizzas at risk after they leave the store, the company stated. Now Domino’s is hoping to…
Read MoreBad Roads, Bridges Cost California Motorists $61 Billion Annually
Roads and bridges that are deteriorated, congested or lack some desirable safety features cost California motorists a total of $61 billion annually – a much as $2,995 per driver in some urban areas – due to higher vehicle operating costs, traffic crashes and congestion-related delays.
Read MoreGranite Construction’s Materials Revenue Increases 27.5 Percent
Granite Construction reported a net loss of $8.4 million for the quarter ended June 30, compared to a net income of $14.1 million in the second quarter of 2017. Second quarter 2018 results include the impact of acquisition expenses of Layne Christensen Company and LiquiForce. Excluding the impact of these expenses, second quarter adjusted net income was $17.9 million, or $0.43…
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