Vulcan Materials Co. entered into a definitive agreement to sell the company’s cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720 million.
Read MoreDay: January 27, 2014
Cat Exec Pushes Congress on Infrastructure Legislation
Caterpillar Inc. Group President with responsibility for Customer and Dealer Support Stu Levenick urged Congress today to develop federal surface transportation reauthorization legislation that enhances our nation’s infrastructure system and enables companies like Caterpillar to compete globally.
Read MoreHoyt Names Distribution Head
Matt Hurd has been named director, dealer development and support, for Hoyt Wire Cloth.
Read MoreDOT Secretary Foxx Outlines Transportation Priorities
According to the National Stone, Sand & Gravel Association, in a speech Jan. 16 to the Transportation Research Board, U.S. Department of Transportation Secretary Anthony Foxx laid out his top priorities for the year, highlighting the need to deal with the “infrastructure deficit.”
Read MoreConstruction Spending Rises in 2013
For 2013 as a whole, total construction starts advanced 6 percent to $516.8 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. This follows the 10 percent gain reported for 2012 (which drew support from a record amount of new electric utility starts that year) and modest 2 percent gains in both 2010 and 2011. If the…
Read MoreDecember Construction Starts Improve 5 Percent
New construction starts in December grew 5 percent to a seasonally adjusted annual rate of $554.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Although both nonresidential building and housing settled back during the final month of 2013, the nonbuilding construction sector (public works and electric utilities) finished the year on a strong note.
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