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.
Read MoreMonth: November 2014
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.
Read MoreTransportation 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).
Read MoreMDU 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…
Read MoreNatural Resource Partners Benefits from Aggregates Acquisition
Oil and gas, coal, aggregates and industrial-minerals producer Natural Resource Partners L.P. (NRP) reported revenues of $91.6 million for the third quarter of 2014 compared to $82.2 million for the third quarter of 2013, and distributable cash flow, a non-GAAP measure, of $57.8 million compared to $104.6 million for the third quarter of 2013.
Read MoreCat Media Event Highlights Advancements
Caterpillar announced new products, equipment enhancements and Tier 4 updates at a media event in Peoria, Ill., attended by Rock Products Editor Mark S. Kuhar, who was the only chief editor of an aggregates industry publication to attend the event. The company showed off the new Cat 335F L CR excavator, which delivers a 16 percent improvement in fuel efficiency compared…
Read MoreMSHA Reports Impact Inspections
Nov. 4, 2014 – They’re baaaaaack. The U.S. Department of Labor’s Mine Safety and Health Administration announced that federal inspectors issued 192 citations, five orders and one safeguard during special impact inspections conducted at nine coal and four metal and nonmetal mines in September.Non-metallic minerals producers inspected were Cemex Construction Materials of Florida LLC, Brooksville South Cement Plant (7 citations); Lafarge…
Read MoreBMC Enterprises Acquires APAC-Missouri Assets
St. Louis based Breckenridge Material Co., the region’s largest producer of ready-mix concrete announced that its parent company, BMC Enterprises Inc. has completed the acquisition of four APAC-Missouri aggregate assets.
Read MoreVulcan Materials Reports Strong Growth
Vulcan Materials Co. announced results for the third quarter ending Sept. 30, 2014. The company is reporting that total revenues increased $60 million, or 7 percent and gross profit increased $50 million, or 31 percent, while aggregates freight-adjusted revenues increased $66 million, or 14 percent. Average sales price increased 2 percent. Asphalt, concrete and cement segments gross profit improved $12…
Read MoreLuck Companies Earns Environmental Excellence Award
Associates from Luck Companies recently accepted a Gold Medal in the 2014 Governor’s Environmental Excellence Awards from Virginia state officials. The company was honored for commitment to sustainability across all business units (Luck Stone, Charles Luck Stone Center, Har-Tru Sports, Luck Development Partners), resulting in significant improvements in water conservation, land preservation, waste generation and energy savings. “We are honored to be…
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