Obama’s Blockbuster Infrastructure Proposal: $478 Billion

President Barack Obama’s just-released $4 trillion budget includes a proposal for a six-year, $478-billion plan to invest in the nation’s infrastructure. The proposal also answers the main objection of critics who demand to know how it will be paid for: by closing a tax loophole that allows U.S. firms to avoid paying taxes on overseas profits, according to the White…

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Construction Spending Ends Month, Year on High Note

The U.S. Census Bureau of the Department of Commerce reported that construction spending during December 2014 was estimated at a seasonally adjusted annual rate of $982.1 billion, 0.4 percent (±1.3 percent) above the revised November estimate of $978.6 billion. The December figure is 2.2 percent (±1.6 percent) above the December 2013 estimate of $961.2 billion.

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Continental Acquires Veyance

Continental concluded its acquisition of U.S. rubber company Veyance Technologies Inc, Fairlawn, Ohio, on Jan. 30. On Jan. 29, the Brazilian antitrust authority CADE (Council for Economic Defense) cleared the transaction with certain conditions, thus providing the approvals necessary for completion. International automotive supplier, tire manufacturer and industrial partner Continental is boosting its worldwide industrial business with this acquisition, which…

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Aggregates Production Rises in 2014

In 2014, total construction aggregates production rose to an estimated 2.171 billion metric tons, representing a total value of $19.8 billion, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2015 report. The estimated production volume represents more than a 7 percent increase over 2013 total production, which was a reported 2.027 billion metric tons. An estimated 1.26 billion metric tons of…

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Senate Committee Gets Serious About Infrastructure

The Senate Environment and Public Works Committee officially kicked off its transportation reauthorization efforts Jan. 28 with a hearing featuring panels consisting of Transportation Secretary Anthony Foxx and the governors of Alabama and Vermont, as well as the South Dakota Secretary of Transportation, according to the National Stone, Sand and Gravel Association (NSSGA).

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NSSGA Names Annual Gold Award Winners; Platinum Qualifiers

The National Stone, Sand and Gravel Association (NSSGA) recognized aggregates operations in the United States and Canada with an extraordinary commitment to safety, superior environmental stewardship and community involvement in 2013-2014. The underlying goal of these recognitions is to spur innovation and encourage continual quarry improvements, according to the association.

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MSHA Received 49 Discrimination Complaints in 2014

Not long after a miner who maintained a dust collector machine at a cement facility in San Bernardino County, Calif., contacted the Mine Safety and Health Administration (MSHA) about safety hazards, he was suspended and then terminated in April 2014. MSHA filed a motion for temporary reinstatement of the miner, and the mine operator, Riverside Cement Co., agreed to temporary…

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Construction Starts Rose 7 Percent in 2014

For 2014 as a whole, total construction starts climbed 7 percent to $575.3 billion, according to Dodge Data & Analytics. This continues the pattern of moderate expansion for total construction starts reported during the previous two years – 2012, up 10 percent; and 2013, up 9 percent.

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