Vulcan Materials Co. announced results for the second quarter ending June 30. Net sales increased $60 million, or 9 percent, and gross profit increased $42 million, or 32 percent, compared with the prior year.
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Highway Materials Group Urges Action On Highway Authorization
The Highway Materials Group (HMG) called on Congress to pass a multiyear transportation authorization bill following approval of a temporary patch that extends highway funding to May 2015. The coalition represents the raw-material suppliers for roads, highways and bridges.
Read MoreTRIP Report Targets Texas Road Conditions
Roads and bridges that are deficient, congested or lack desirable safety features cost Texas motorists a total of $25.1 billion statewide annually – as much as $1,800 per driver in some urban areas – due to higher vehicle operating costs, traffic crashes and congestion-related delays. Increased investment in transportation improvements at the local, state and federal levels could relieve traffic…
Read MoreMSHA Publishes Proposed Rule On Civil Penalty Assessments
The U.S. Department of Labor’s Mine Safety and Health Administration announced it will publish a proposed rule that would amend its existing civil penalty regulations by simplifying the criteria for assessing health and safety violations and increasing emphasis on more serious safety and health conditions, thus providing improved safety and health for miners. The proposed rule was published in the…
Read MoreTerex Reports Higher Net Sales in Second Quarter
Terex Corp. announced income from continuing operations of $87.8 million, or $0.76 per share, for the second quarter of 2014. This compared to income from continuing operations of $20.4 million, or $0.17 per share, for the second quarter of 2013. Excluding the impact of certain items totaling $54.4 million, or $0.47 per share, income from continuing operations as adjusted in…
Read MoreJune Construction Dips; But Higher Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during June 2014 was estimated at a seasonally adjusted annual rate of $950.2 billion, 1.8 percent (±1.8 percent) below the revised May estimate of $967.8 billion.
Read MoreTemporary Funding Measure Passes
Congress passed temporary funding to continue road, highway and bridge construction, but once again punted on a multiyear reauthorization that includes a sustainable funding mechanism, according to the National Stone, Sand and Gravel Association.
Read MoreMartin Marietta Reports Record Second Quarter Sales
Martin Marietta Materials Inc. reported results for the second quarter ended June 30, 2014. The company is reporting record consolidated net sales of $601.9 million compared with $507.3 million versus last year’s second quarter.
Read MoreEagle Materials Aggregates Revenue Rises
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2015 ended June 30, 2014. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year’s first quarter):
Read MoreOntario to Invest $130 Billion in Infrastructure
Ontario is moving forward with its plan to build opportunity and security for the future. The 2014 Ontario Budget tabled by Minister of Finance Charles Sousa takes immediate action to create jobs by investing in a highly skilled workforce, building modern infrastructure and transportation networks, and supporting a dynamic and innovative business climate.
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