Economic trends: Page 17

Roadbuilding
Ritchie Bros. 2010 earnings: $65.9 million
Industrial equipment auctioneer Ritchie Bros. Inc. announced net earnings for the year ended Dec. 31, 2010 of $65.9 million, or $0.62 per diluted share, and adjusted net earnings of $65.2 million, or $0.61 per diluted share. This compares to $93.5 million, or $0.88 per diluted share, and $92.0 million, or $0.87 per diluted share, respectively […]
March 1, 2011
Roadbuilding
LaHood on Washington state high-speed rail agreement
Commenting on President Barack Obama’s plans for and investment in high-speed rail, U.S. Transportation Secretary Ray LaHood issued the following written statement: “President Obama’s historic investments in a national high-speed rail network will enable America to win the future by creating construction and manufacturing jobs today and laying the foundation for future economic growth. “By […]
February 28, 2011
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Roadbuilding
T&I Committee: ‘Improving and Reforming our Nation’s Surface Transportation Programs’
The Committee on Transportation and Infrastructure (T&I) conducted a field hearing in Oklahoma City on Feb. 24 on pending major surface transportation legislation. Chairman John L. Mica (R-Fla.) and other members of the Committee joined committee member James Lankford (R-Okla.) in Oklahoma City for a hearing with state and local officials and transportation stakeholders. The […]
February 25, 2011
Roadbuilding
Caltrans: $25 million in funds available for special needs transportation services
Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24. ,Applications are being accepted for $25 million in federal transit grant funds aimed at providing transportation services to persons with special needs, the California Department of Transportation (Caltrans) announced on Feb. 24.
February 25, 2011
Roadbuilding
Finished steel imports rise 8 percent in January
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported on Feb. 23 that the U.S. imported a total of 2,048,000 net tons (NT) of steel in January, including 1,632,000 NT of finished steel (up 10 percent and 8 percent, respectively, from December final data). Annualized total and finished steel imports […]
February 24, 2011
Roadbuilding
Granite reports full-year, Q4 2010 results
Watsonville, Calif.-based Granite Construction Inc. on Feb. 23 reported a net loss of $59.0 million for the full year 2010, compared with net income of $73.5 million for the full year 2009. Loss per share for the year was $(1.56), compared with earnings per diluted share (EPS) of $1.90 in 2009. For the fourth quarter […]
February 24, 2011
Roadbuilding
U.S. 2010 construction machinery exports gain 28 percent
The market for exports of U.S.-made construction machinery closed out 2010 with a gain of more than 28 percent compared to the previous year, for a total of $16.4 billion dollars’ worth of equipment sold worldwide, according to the Association of Equipment Manufacturers (AEM). The AEM North American-based international trade group consolidates U.S. Commerce Department […]
February 22, 2011
Roadbuilding
Mica proposes ‘rescue plan’ for Florida rail project
With the deadline imposed by U.S. Transportation Secretary Ray LaHood to secure a sub-grantee to assume the proposed rail line between Orlando and Tampa, U.S. House Transportation Committee Chairman John L. Mica (R-Fla.) said he has completed his assessment of potential options to continue the project. Based on the requirement to secure a sub-grantee and […]
February 22, 2011
Roadbuilding
AEM: ‘President’s Budget Only a Beginning’
Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.,Association of Equipment Manufacturers (AEM) President Dennis Slater issued the follow statement today in response to the President’s budget proposal: "President Obama's transportation budget proposal is a good start, as it recognizes that rebuilding and modernizing roads, bridges, and other critical infrastructure would create American jobs and make our nation more competitive with other countries. Unfortunately, however, the proposal falls short by not addressing the crucial issue of how this essential infrastructure investment will be funded, putting in question whether it will ever be approved.
February 16, 2011
Roadbuilding
Obama’s 2012 budget proposes $556 billion for transportation
President Obama on Feb. 14 submitted his budget for FY 2012, which includes the Administration’s plans for transportation reauthorization. In the budget, the president proposes a $556 billion six-year proposal to improve the country’s highways, transit, and rail infrastructure and to ensure their safety, according to a Feb. 14 special legislative update from the National […]
February 15, 2011
Roadbuilding
Work starts on 2 intermodal freight facilities in Memphis, Birmingham
Work can begin on construction of two intermodal freight facilities in Memphis and Birmingham thanks to a signed grant agreement with the Alabama and Tennessee Departments of Transportation for $105 million in American Recovery and Reinvestment Act (ARRA) funds, U.S. Transportation Secretary Ray LaHood announced. The facilities are a key part of a larger effort […]
February 10, 2011
Roadbuilding
United Rentals Announces fourth-quarter and full-year 2010 Results
United Rentals Inc. has announced financial results for the fourth quarter and full year 2010. For the fourth quarter, total revenue was $597 million and rental revenue was $497 million, compared with $557 million and $450 million, respectively, for the fourth quarter 2009. 2010 highlights Rental revenue increased 10.4 percent for the fourth quarter 2010, […]
February 4, 2011
Roadbuilding
Caltrans awards Granite, MCM Construction $72 million contract
Granite Construction Co. and MCM Construction Inc. have been awarded a $72 million contract by the California Department of Transportation (Caltrans) to reconstruct and widen the existing State Route 101 in Monterey County. Granite’s share of the contract is 67 percent, or about $48 million. Granite will book the project into backlog during the first […]
February 4, 2011
Roadbuilding
Construction spending tumbles to 10-year low
Construction spending fell 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, reports the Associated General Contractors of America in analysis of Census Bureau data. All three major categories – private residential, private nonresidential and public construction – shared in the decline. However, there were a […]
February 3, 2011
Roadbuilding
U.S. Lime & Minerals 2010 Q4 revenues up 3.2%
United States Lime and Minerals Inc. reported on Feb. 2 fourth-quarter and full-year 2010 results: Revenues in the fourth-quarter 2010 increased $915 thousand, or 3.2 percent, to $29.2 million from $28.3 million in the comparable 2009 quarter. Revenues from the company’s lime and limestone operations in the fourth quarter 2010 increased $696 thousand, or 2.6 […]
February 2, 2011
Roadbuilding
APWA lauds Obama’s increased investment in infrastructure
The American Public Works Association (APWA) applauds President Obama’s support in his State of the Union (SOTU) address for increased federal investment in public infrastructure. “Increased investment to repair and rebuild our aging roads, bridges, public transportation and water infrastructure will create jobs, reinvigorate our economy and strengthen America’s global economic competitiveness,” says APWA President […]
January 28, 2011
Roadbuilding
ARTBA on SOTU: ‘Get off path to 2nd rate economy’
In response to President Obama’s State of the Union address given the evening of Jan. 25, American Road & Transportation Builders Association (ARTBA) President & CEO Pete Ruane released a press statement noting that Congress and the President need to work collaboratively and in a bipartisan way to create and invest in more jobs and […]
January 26, 2011
Roadbuilding
Pending free trade agreements ‘positive step,’ AEM’s Slater says
Following the Jan. 25 House Ways and Means Committee hearing, Association of Equipment Manufacturers (AEM) President Dennis Slater issued a statement noting that the hearing on pending free trade agreements with Colombia, Panama, and South Korea “is a positive step toward recognizing the urgent need to help America’s farmers and manufacturers create more jobs in […]
January 26, 2011
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