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Caterpillar Reports Improved Third-Quarter Results

Caterpillar Inc. announced profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.45. The third quarter of 2014 included a negative impact of $0.09 per share for restructuring costs. Excluding restructuring costs, third-quarter 2014 profit per share was $1.72. Third-quarter 2014 sales and revenues were $13.549 billion, up from $13.423 billion in the third quarter of 2013.

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Highbank Banks on New Canadian Aggregates Plant

The piling work for the load-out conveyor and mooring dolphins at Highbank Resources Ltd.’s new South Point North (SPN) aggregate operation in Vancouver, B.C., Canada, have been completed and the conveyor sections and receiving hopper are now in place, according to the company. Preparatory work for installation of the crushing, screening and washing equipment for treating an estimated 72 million tons of aggregate is progressing. The barge-loading facility is also expected to be fully operational soon.

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Labor Secretary Holds Aggregates Industry Roundtable

Rountable-150U.S. Labor Secretary Thomas E. Perez invited a select group of aggregates executives for a frank dialogue on the key issues facing the industry. At the Oct. 20 meeting, representatives from the National Stone, Sand and Gravel Association (NSSGA), aggregates producers, and state aggregates associations stressed the need for increased infrastructure investment to grow the economy and create jobs, and continued collaboration to improve mine safety.

 

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