May 10, 2015 – Transportation Secretary Anthony Foxx directed a broadside at Congress last week. “We ought to be embarrassed as a country” about the state of the nation’s infrastructure, he said, as lawmakers scramble to beat a May 31 deadline for extending federal transportation funds. Lawmakers have talked about passing a $10 billion patch to extend transportation funding until the…
Read MoreMonth: May 2015
McGuire Hired as KPI-JCI Service Manager
KPI-JCI and Astec Mobile Screens has hired Patrick McGuire as service manager for its Oregon manufacturing facility. In his new position, McGuire will be responsible for directing all activities associated with servicing of company products. In addition to managing a team of service technicians, he will also facilitate the training of service staff in the evaluation and repair of all products.…
Read MoreCaterpillar Invests in Peer-to-Peer Equipment Rental
To help customers maximize the use and productivity of their owned equipment, Caterpillar Inc. is entering an agreement with Yard Club, a start-up company that has developed an online peer-to-peer equipment rental platform.
Read MoreNRP Reports Mixed Results for First Quarter
Natural Resource Partners (NRP) reported first quarter 2015 revenues of $109.7 million, resulting in net income per unit of $0.14 compared to $80.3 million in revenues and net income per unit of $0.29 reported for the first quarter 2014. Distributable cash flow was $53.3 million in the first quarter 2015 compared to $38.9 million for 2014. NRP also reported Adjusted…
Read MoreSelect Sands Corp. Receives Authorization to Quarry
Select Sands Corp. announced receipt of an unconditional Authorization to Quarry with respect to its Sandtown quarry site, located in Independence County, Ark. The Authorization to Quarry, which is dated May 1, 2015, was issued by the Arkansas Department of Environmental Quality (ADEQ) pursuant to the Arkansas Quarry Operation, Reclamation and Safe Closure Act for a five-year period ending April…
Read MoreFairmount Santrol Releases Corporate Social Responsibility Report
Fairmount Santrol released its ninth annual Corporate Social Responsibility (CSR) Report, “Boldly Different” – its first report to follow the new Global Reporting Initiative (GRI) G4 Guidelines, according to the company.
Read MoreU.S. Silica Reports Decline for First Quarter
U.S. Silica Holdings Inc. announced net income of $14.8 million or $0.28 per basic and $0.27 per diluted share for the first quarter ended March 31, 2015, compared with net income of $18.4 million or $0.34 per basic share and diluted share for the first quarter of 2014. Earnings per share during the quarter were negatively impacted by $8.3 million…
Read MoreHi-Crush, ARB to Develop Rail Hubs
Hi-Crush Partners LP and ARB Midstream LLC announced that the companies have entered into definitive agreements to jointly develop and operate two energy rail hubs, one in the DJ Basin and one in the Permian Basin. Both facilities will be served by the Union Pacific Railroad, and will provide unit and manifest train capabilities for frac sand and crude oil.…
Read MoreThis Week’s Market Buzz
According to the LaCrosse Tribune, the Minnesota appeals court panel heard arguments from a sand mine owner protesting a Department of Natural Resources ruling that the mine cannot operate without a special permit because of its proximity to a trout stream. Asking that the state’s ruling be reversed, an attorney for mine owners Tracie and Michelle Erickson of Rushford, Minn.,…
Read MoreNonresidential Building Index Rises
The Dodge Momentum Index rose 0.8 percent in April to 122.6 (2000=100) from March’s 121.6, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
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