The U.S. Department of Labor announced that impact inspections completed by its Mine Safety and Health Administration (MSHA) at 18 mines in 12 states in June 2023 led the agency to issue 242 violations. The agency began impact inspections after the deaths of 29 miners in an explosion at the Upper Big Branch mine in April 2010, one of the…
Read MoreDay: July 31, 2023
New Home Sales Cool in June on Higher Mortgage Rates
Sales of newly built, single-family homes in June fell 2.5% to 697,000 seasonally adjusted annual rate from a downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. However, new home sales are up 23.8% from a year ago.It takes 400 tons of aggregates to construct…
Read MoreGranite’s Materials Revenue, Profit Increase in Second Quarter
Granite Construction announced results for the quarter ended June 30, reporting a net loss of $17 million, or $(0.39) per diluted share, compared to net income of $19 million, or $0.39 per diluted share, for the same period in the prior year. Net loss in the quarter was primarily attributable to a $51 million non-cash charge related to the refinancing…
Read MoreVolvo CE Dealer Expands Into Southwest
ROMCO Equipment, a Volvo Construction Equipment dealer serving Texas for over 60 years, is expanding its footprint in the Southwest with the acquisition of Sierra Machinery – the exclusive Volvo CE dealer in southwestern Texas and southern New Mexico.
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