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Business: Page 225
Business
‘Demand for building materials and construction products remains weak,’ Eagle Materials says in Q2 results
Eagle Materials Inc. reported in its financial results for the second quarter of fiscal 2011, which ended Sept. 30, 2010, revenues of $132.1 million. The company reported that cash flow from company operations was $40.8 million and net earnings of $9.6 million. It reported diluted earnings per share at $0.22. Demand for building materials and […]
November 1, 2010
Business
Martin Marietta expects volume growth in 2011
Fitch Ratings has affirmed the ratings of Martin Marietta Materials, Inc. as follows: Issuer Default Rating (IDR) at ‘BBB’; Short-term IDR at ‘F2’; Senior unsecured debt rating at ‘BBB;’ Revolving bank credit facility at ‘BBB;’ Commercial Paper rating at ‘F2’. The Rating Outlook is stable. The ratings and Outlook for Martin Marietta are based on […]
November 1, 2010
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October 7, 2026
Business
Knife River gets 6 projects worth $34 million
Knife River Corp.’s Midwest and Central Texas Divisions, based in Sioux City, Iowa, and Bryan, Texas, were successful bidders on six new projects totaling more than $34 million. Two of the three Midwest Division jobs are contracts with the South Dakota Department of Transportation. The largest contract for $12.9 million is a concrete paving job […]
October 29, 2010
Business
U.S. EPA, DOT release greenhouse gas emissions standards
The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Transportation have released the first national standards to reduce greenhouse gas (GHG) emissions and improve fuel efficiency of heavy-duty trucks and buses. This comprehensive national program is projected to reduce GHG emissions by nearly 250 million metric tons and save 500 million barrels of […]
October 28, 2010
Business
JBP first in Utah to get NRMCA’s Green-Start Certification
Jack B. Parson Companies’ (JBP) ready mixed concrete plant located in West Haven was recognized as the first plant in Utah and the mountain states region to receive the National Ready Mixed Concrete Association’s (NRMCA) prestigious Green-Star Certification at an awards ceremony held Oct. 22 at the company’s corporate office in West Haven. The Green-Star […]
October 27, 2010
Business
Granite cutting 227 employees to ‘reduce costs’
Watsonville, Calif.-based Granite Construction is taking “actions to reduce its cost structure, enhance operating efficiencies and strengthen the business to achieve long-term profitable growth.” As part of its “Enterprise Improvement Plan,” the Granite is cutting about 227 employees, or about 13 percent of its salaried workforce. Actions associated with the reduction in force are expected […]
October 27, 2010
Business
FMI to host business development courses
FMI, a provider of management consulting and investment banking to the engineering and construction industry, will offer three courses to help people improve their business development results and make their team more effective: Marketing and Selling Strategies, Construction Selling Skills and Winning Proposals. The Business Development Program Series is available as a package allowing attendees […]
October 22, 2010
Business
Cat buys alternative engine maker, posts stellar 3rd quarter results
Following yesterday’s release of stellar third-quarter sales, Caterpillar says it will buy MWM Holding GmBH from 3i. Headquartered in Mannheim, Germany, MWM supplies alternative engines. With this $810 million cash deal, Cat says it will significantly expand options for sustainable power generation solutions. MWM has a “highly efficient range of engines, combined heat and power and trigeneration […]
October 22, 2010
Business
Fed ready to stimulate economy more, Bernanke says
Federal Reserve Chairman Ben S. Bernanke on Oct. 15, made a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral, the Los Angeles Times reported. In a much-anticipated speech in Boston, Bernanke did not spell out […]
October 20, 2010
Business
TxDOT awarded $34 million for rail
The U.S. Department of Transportation will award the Texas Department of Transportation (TxDOT) $34 million grant to help fund a rail project pivotal to North Texas to support the Tower 55 Multimodal Improvement Project (T55MIP), a critical rail gateway located along a key transportation and trade corridor connecting Canada, Mexico and the United States. “This […]
October 20, 2010
Business
LBX names new dealer
LBX – makers of Link-Belt excavators, forestry, demolition and scrap/material handling equipment – appointed Bane Machinery as the authorized dealer of Link-Belt excavators and material handling equipment for the Northern Texas market area. Bane Machinery is a full-service, heavy equipment dealer that offers rentals, parts, service and sales to a range of businesses, such as […]
October 18, 2010
Business
What candidates are you voting for?
The Associated Builders and Contractors’ Political Action Committee (ABC PAC) has endorsed 253 congressional candidates for the 2010 elections – a slate including 25 running for the U.S. Senate and 228 vying for seats in the U.S. House of Representatives. “We are proud to support all these candidates for Congress,” said Michelle Seward Davis, 2010 […]
October 18, 2010
Business
CA, PA contractors awarded for safety
Two transportation construction industry firms in California and one in Pennsylvania were recognized Oct. 4 for their outstanding worker safety programs during the 2010 American Road & Transportation Builders Association (ARTBA) National Convention in held in New York City. Winning firms were the top honorees of the ARTBA-Transportation Development Foundation/CNA “Contractor Safety Awards.”
October 13, 2010
Business
CARB, AGC discuss emissions rule delay
The California Air Resources Board and the Associated General Contractors of America say they’ve opened a new agency-industry dialogue with today’s announcement that CARB has delayed enforcement of its off-highway emissions rule until January, 2014. “In a sense,” said Mary Nichols, CARB board chair, “there’s some good news coming out of the recession because it’s […]
October 7, 2010
Business
Product Focus
Grinders, chippers and shredders By Lauren Heartsill POWERFUL PROCESSOR The Diamond Z DZH4000tkt grinder, DZ’s smallest horizontal model, can process up to 95 tons, or 620 yards, of pallets and construction waste per hour. • Uses either a Tier 2 Caterpillar 765-horsepower or Tier 3 Caterpillar 700-horsepower engine • Can be transported on a low-bed […]
October 6, 2010
Business
Contractor of the Year Finalist
Larry Phillips Vine Grove, Kentucky By Amy Materson Phillips Brothers Construction Year started: 1981 Annual volume: $10 million Markets served: Excavation, site development, utility work, demolition and commercial building. Originally working for his family’s dairy farm, this heavy equipment buff decided if he was going to toil so hard, he might as well […]
October 5, 2010
Business
Digital Exclusives for October
By Equipment World Staff LeeBoy’s RW-80A Blaw-Knox road widener The 80-horsepower RW-80 arrives at Volvo dealerships Spring 2011. Marketplace Extra Our digital-only new products section includes Trimble’s FX3D laser scanner, Kaeser’s KPB ergonomic paving breakers, Reelcraft’s 9000 Series mobile base hose reel and more. Weigh in […]
October 5, 2010
Roadbuilding
Reporter
By Equipment World Staff CARB throws out estimates The numbers just didn’t add up The California Air Resources Board has proposed a two-year delay to the start of its off-highway diesel emission regulations, in effect admitting the regs are not immediately needed to meet its emissions reduction goals. The announcement underscored CARB’s admission that its […]
October 5, 2010
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