Construction employment in July climbed to the highest level since February 2009, while the number of unemployed workers with construction experience shrank to a 14-year low, according to an analysis by the Associated General Contractors of America. Association officials cautioned that the diminishing pool of available qualified labor may be having an impact on the industry’s ability to meet growing…
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Metso Closes Pennsylvania Plant
Metso announced the closure of its manufacturing operations in York, Pa., plant as of March 31, 2016. The decision affects approximately 80 employees currently employed at the plant.
Read MoreSteve Slater Dies; Was Eagle Iron Works Sales Director
Eagle Iron Works (EIW) and the McLanahan Corp. mourn the sudden passing of salesman Steve Slater. He worked at the EIW facility as director of sales and customer service. He had been with Eagle Iron Works since 2007, and joined McLanahan Corp. when it acquired the company in 2012. “He has been a dedicated employee, and he will be greatly missed,” said McLanahan…
Read MoreTop 10 Metro Areas for Commercial, Multifamily Starts Revealed
A ranking of the top U.S. metropolitan areas by the dollar amount of new commercial and multifamily construction starts reveals the New York City metropolitan area leading the nation during the first half of 2015, according to Dodge Data & Analytics.
Read MoreEagle Materials Reports Higher Aggregates Volume
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2016 ended June 30, 2015. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year’s first quarter):
Read MoreTerex to Merge with Konecranes
Terex Corp. and Konecranes Plc jointly announced that their respective boards of directors have unanimously approved a definitive business combination agreement and the resulting all-stock merger of equals.
Read MoreACG Materials Continues Expansion with Acquisition
Norman, Okla.-based ACG Materials has acquired Art Wilson Co. (AWC), an anhydrite, gypsum and limestone producer with a quarry and downstream production facility in Carson City, Nev., and additional owned reserves under development nearby.
Read MoreBill Introduced to Raise Gas Tax
Sen. Tom Carper (D-Del.) has introduced the Tax Relief And #FixTheTrustFund For Infrastructure Certainty Act (TRAFFIC), which would raise the country’s gasoline and diesel taxes, and also extend and expand tax credits that are critical to hard-working American families.
Read MoreDodge Momentum Index Rebounds in July
The Dodge Momentum Index rose to 125.3 (2000=100) in July, up 5.4 percent from its June reading of 118.9 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.
Read MoreVantaCore Drives Natural Resource Partners’ Q2 Success
Natural Resource Partners L.P. reported second quarter 2015 revenues and other income of $137.6 million compared to $90.6 million for 2014. Net income attributable to the limited partners for the second quarter of 2015 was $30.7 million, or $0.25 per unit, versus $30.8 million, or $0.28 per unit, for 2014.
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