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Mid-Term Election a Wake-Up Call to Legislators

While the Mid-Term elections may have been a referendum on the state of the country and economy, it is less certain what it means for the transportation industry.

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Transportation Initiatives Pass on Election Day

Voters across the nation again demonstrated they strongly support increased investment in transportation improvements, approving 60 of 90 (67 percent) transportation-related initiatives that were on the November ballot, according to a report from the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (ARTBA-TIAC).

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Construction Spending Slips Again

Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family homebuilding, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms.

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MDU Construction Materials Business Has Record Quarter

MDU Resources Group Inc. reported third quarter consolidated adjusted earnings of $84.9 million, or 44 cents per common share, compared to $92.3 million, or 49 cents per common share for the third quarter of 2013. Consolidated GAAP earnings were $103.0 million, or 53 cents per common share, compared to $84.3 million, or 44 cents per common share for the third quarter of 2013.

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