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Caterpillar Second Quarter Sales and Revenues up 37 Percent

With continuing improvement in demand around the world, Caterpillar Inc. reported second-quarter 2011 profit per share of $1.72 excluding $204 million of expense related to the acquisition of Bucyrus, a 58 percent improvement from $1.09 in the second quarter of 2010.

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Great Lakes Shipping Community Responds to Dredging Crisis

American ports may close as soon as next year if Congress does not pass legislation requiring the Harbor Maintenance Trust Fund to spend what it takes in each year on dredging, a leading Great Lakes advocate told the House subcommittee on Water Resources and Environment at a hearing in Washington D.C., July 8.

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June Construction Starts Jump 15 Percent

New construction starts in June climbed 15 percent to a seasonally adjusted annual rate of $436.8 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Highways and bridges climbed 9 percent.

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Oldcastle Materials Acquires Everett Quarries

Oldcastle Materials, Inc. announced that its Central West Division has acquired the assets of Everett Quarries, which operates five quarries serving northwest Missouri.

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Boxer and Inhofe Release Bipartisan Transportation Reauthorization Bill

Sen. Barbara Boxer (D-Calif.), chairman of the Environment and Public Works Committee (EPW), and Senator James Inhofe (R-Okla.), ranking member, released an outline for Moving Ahead for Progress in the 21st Century (MAP-21), a bipartisan proposal to reauthorize the nation's transportation programs for two years.

Read more: Boxer and Inhofe Release Bipartisan Transportation Reauthorization Bill