Jan. 12, 2021 – Tilcon Connecticut recently donated $22,000 worth of food to local food pantries in Durham, Wallingford, New Britain and Newington, Conn. The pantries will each receive $2,500 worth of food. Another $12,000 will be donated to food pantries in Plainville and North Branford, Conn., according to news reports. The donations were made possible by Tilcon employees, who worked together to collect…
Read MoreMonth: January 2021
Dodge Momentum Index Ends 2020 on a High Note
The Dodge Momentum Index jumped 9.2% in December to 134.6 (2000=100) from the revised November reading of 123.3. The Momentum Index, issued by Dodge Data & Analytics, 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. The commercial component of the Momentum Index rose…
Read MoreArgos USA, Liability Heir, Cooperates in Feds’ Concrete Price-Fixing Investigation
Argos USA, Alpharetta, Ga., has entered a deferred prosecution agreement (DPA) resolving a DOJ Antitrust Division charge of conspiring to fix prices, rig bids and allocate sales for ready mixed concrete in Savannah, Ga., and neighboring markets under U.S. District Court for the Southern District of Georgia jurisdiction, according to the U.S. Department of Justice Antitrust Division.
Read MoreEpiroc, Orica Unveil Prototype System for Underground Automation
Epiroc and Orica have successfully co-developed a prototype of the world’s first semi-automated explosives delivery system.
Read MoreKey Water Legislation Passes
The Water Resources Development Act of 2020 (WRDA) was approved as part of the year-end omnibus and COVID-relief legislative package.
Read MoreSchlumberger Limited, Liberty Oilfield Services Do Deal
Schlumberger Limited SLB has completed the deal with smaller rival, Liberty Oilfield Services Inc. LBRT, to contribute its onshore hydraulic fracturing business in the United States and Canada, known as OneStim.
Read MoreTexas Frac Marks Two Years Without a Lost Time Accident
Texas Frac of Saint Jo, Texas, has marked two years without a lost time accident, according to a press release from the operation’s parent organization, FLASH Family of Companies.
Read MoreSource Energy Services Completes Recapitalization Transaction
Source Energy Services Ltd. together with its affiliates, completed its recapitalization transaction pursuant to a plan of arrangement dated Nov. 25, 2020, under the Canada Business Corporations Act.
Read MoreThis Week’s Market Buzz
• A Reuters poll of analysts in late December showed a broad expectation that Brent Crude will average “a smidge above $50/bbl this year,” PVM Oil Associates said. U.S. benchmark West Texas Intermediate crude futures broke above $50/bbl this week for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel-per-day production…
Read MoreConstruction Spending Rises in November; Highways Up
Construction spending during November 2020 was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9% (±0.8%) above the revised October estimate of $1,446.9 billion. The November figure is 3.8% (±1.3%) above the November 2019 estimate of $1,405.5 billion.
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