The month following a collision by a cargo ship that collapsed a portion of Baltimore’s Francis Scott Key Bridge has highlighted the importance of the safety, reliability and condition of the nation’s freight transportation network in meeting the growing need for timely and safe movement of goods, according to TRIP, a national transportation research nonprofit based in Washington, D.C.
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Integrated Power Services to Acquire Assets of ABB Industrial Services Business
IPS, which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB’s Industrial Services business.
Read MoreNew Home Sales Post Solid Gain in March
Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this month, which is expected to moderate sales and increase the use of builder sales incentives this spring.
Read MoreHousing Starts Fall on Interest Rate, Financing Concerns
Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions.
Read MoreDodge Momentum Index Falls in March
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.6% in March to 164.0 (2000=100) from the revised February reading of 179.5. Over the month, commercial planning fell 3.2% and institutional planning dropped 17.2%.
Read MoreJohn Deere Dealer Expands Footprint
Fourth-generation, family-owned John Deere Construction & Forestry dealer Martin Equipment expanded its territory in Springfield, Ill., to now service 14 surrounding counties.
Read MoreMSHA Silica Rule Draws Ire of Industry
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) issued a final rule to “better protect the nation’s miners from health hazards associated with exposure to respirable crystalline silica, also known as silica dust or quartz dust.” The final rule lowers the permissible exposure limit of respirable crystalline silica to 50 micrograms per cu. meter of air for…
Read MoreMississippi Lime Launches New Global Brand Platform
Mississippi Lime Co. has launched a new global brand platform and will begin operating under the name MLC. The transformation of the company’s identity reflects MLC’s progress as an international lime solutions partner with an unwavering commitment to safety, sustainability and service. “MLC has been a trusted partner in lime for over a century. Our customers rely on us…
Read MoreMSHA Issues Final Silica Rule
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) has issued a final rule to better protect the nation’s miners from health hazards associated with exposure to respirable crystalline silica, also known as silica dust or quartz dust.
Read MoreEric Teague Joins McCloskey as Sales Director
McCloskey International appointed Eric Teague as sales director – Americas, Oceania and Pacific. He will be responsible for sales activities in Canada, the United States, and Central and South America, as well as countries in the Oceania and Pacific region including Australia and New Zealand. Teague joins McCloskey International with 30-years’ experience in the North American heavy construction equipment sector. Throughout…
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