August 11, 2014 – President Obama has signed a $10.8 billion measure that will fund highway and bridge repairs for the next 10 months. The short-term measure, approved by lawmakers last month, is paid for using a budgeting maneuver called pension smoothing, which allows corporations to reduce their contributions to employee retirement plans. By allowing companies to do so, the…
Read MoreMonth: August 2014
McLanahan Reaches Safety Milestone
McLanahan Corp. believes that safety is not just a set of rules and regulations to be followed, but is a promise that the corporation makes to its employees. Holding safety as a core value to the business made McLanahan’s management and employees alike proud when on July 3, 2014, the company achieved one million man hours without a lost work time…
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Eleven minor earthquakes shook central Oklahoma recently, renewing speculation that the area’s oil and gas drilling boom – fueled by fracking – is to blame for an increase in seismic activity. During a 14-hour stretch the U.S. Geological Survey recorded seven quakes ranging from magnitude 2.6 to 2.9 in areas northeast of Oklahoma City. In addition, a 4.3-magnitude temblor hit…
Read MoreU.S. Silica Announces Second Quarter Results
U.S. Silica Holdings Inc. announced net income of $28.7 million or $0.53 per basic and diluted share for the second quarter ended June 30, 2014, compared with net income of $20.2 million or $0.38 per basic and diluted share for the second quarter of 2013.
Read MoreAthabasca Minerals Inc. Reports Advances
Athabasca Minerals Inc. reported that the company completed aggregate production at its Cowper corporate-owned aggregate operation, its fourth corporate-owned pit and first under agreement with DeneCo Aggregates Ltd., a First Nations company. Reclamation efforts are underway.
Read MoreMidwest Frac Reaches Settlement
A settlement has been reached in a lawsuit by Midwest Frac against Barron County, Wis., over highway improvements, repair and maintenance agreements for a portion of Hwy. P in the Town of Arland, Wis., according to the Rice Lake Chronotype.
Read MoreHi-Crush Donations Questioned
Wisconsin state campaign finance records show executives from Hi-Crush Partners, which is facing Department of Natural Resources (DNR) fines, have donated $10,000 to the campaign of Gov. Scott Walker (R-Wis.) over the last two election cycles, according to WisconsinWatch.
Read MoreOzinga RMC Integrates Illinois Sites
August 7, 2014 – A definitive agreement with Aggregate Industries, centered on ready mixed production and fleet assets at 14 Meyer Material Co. sites, has netted Ozinga Bros. an expanded footprint across seven northern Illinois counties. Effective late last month, it transferred concrete plant operation and delivery to Ozinga Ready Mix Concrete, while Aggregate Industries/Meyer maintains six aligned sand and…
Read MoreCASE Expands in Iowa
CNH Industrial and CASE Construction Equipment announced it will invest $24 million to expand production in Burlington, Iowa, with the addition of the company’s M Series crawler dozer production line. The expansion will create approximately 50 full-time jobs. Preparations will begin later this year and production on the new line is expected to begin in the second half of 2015. “Burlington is very…
Read MoreVulcan’s Second Quarter Sales Up 9 Percent
Vulcan Materials Co. announced results for the second quarter ending June 30. Net sales increased $60 million, or 9 percent, and gross profit increased $42 million, or 32 percent, compared with the prior year.
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