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Vulcan first quarter earnings decline
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| Reuters (May 5, 2008) - Construction materials company Vulcan Materials Corp reported sharply lower first-quarter earnings on Monday, hurt by the prolonged slump in the U.S. real estate market.
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by Chuck Frey on 5/7/2008 |
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CEMEX exploring sale of assets
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| CEMEX (May 6, 2008) - CEMEX, S.A.B. de C.V. announced today that it is exploring the sale of select assets. The assets being considered for sale include operations in Austria, Hungary and select building products in the United Kingdom. CEMEX has mandated Morgan Stanley as its financial advisor in connection with the sales process in Austria and Hungary and Citigroup for the UK sales process.
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by Chuck Frey on 5/7/2008 |
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Statement of ARTBA President Pete Ruane on Baucus-Grassley Highway Trust Fund Fix Proposal
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| ARTBA (May 1, 2008) - "The federal Highway Trust Fund is on life support. Chairman Baucus and Senator Grassley are to be commended for their foresight in recognizing this looming crisis and proactively developing a bipartisan solution aimed at preventing a devastating $14 billion cut in federal highway investment to state and local governments next year," said ARTBA President Pete Ruane in a prepared statement. |
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by Chuck Frey on 5/2/2008 |
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Highway Trust Fund solvency means a stronger economy, says AGC
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| AGC (May 1, 2008) - The Associated General Contractors of America (AGC) today backed a provision in the U.S. Senate by Senators Max Baucus (D–Mont.) and Chuck Grassley (R–Iowa) that would prevent the Highway Trust Fund from going into the red by restoring $5 billion in revenue for Fiscal Year 2009.
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by Chuck Frey on 5/2/2008 |
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Gallup poll shows more concern for clean drinking water than climate change
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| AGC (April 23, 2008) - This week's celebration of Earth Day successfully raised awareness for many environmental concerns across the country, but the Associated General Contractors of America fears that ensuring clean drinking water lacks the attention it deserves. A recent Gallup Poll shows that Americans perceive clean drinking water as a threat more than climate change. |
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by Chuck Frey on 4/25/2008 |
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Setting the Stage for Federal Highway Funding Reform
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| Equipment Today (April 23, 2008) - With just 18 months to go before the federal surface transportation program (SAFETEA-LU) expires, industry associations are picking up steam in their efforts to ensure adequate federal investment in the U.S. transportation network. |
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by Chuck Frey on 4/24/2008 |
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Transportation Funding Legislation Database Launched
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| ForConstructionPros.com (April 23, 2008) - The National Conference of State Legislatures has launched a new website that is designed to track 17 different transportation funding issues under consideration in the states. |
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by Chuck Frey on 4/23/2008 |
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CEMEX's first quarter 2008 net sales increase 26%
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| CEMEX (April 21, 2008) - CEMEX, S.A.B. de C.V. announced today that consolidated net sales increased 26% in the first quarter of 2008 to US$5.4 billion versus the comparable period in 2007. EBITDA grew 10% in the first quarter of 2008 to US$951 million versus the same period of 2007.
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| Posted
by Chuck Frey on 4/23/2008 |
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McCain's gas tax cut draws fire
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| CNNmoney (April 15, 2008) - Amid record gas prices and a faltering economy, Sen. John McCain called for suspending the federal gas tax Tuesday - a call that was met with skepticism from many experts.
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| Posted
by Chuck Frey on 4/16/2008 |
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Ten Reasons Why Suspending the Federal Gas Tax Would be Bad for the Economy and Poor Public Policy: ARTBA
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| ARTBA (April 15, 2008) - On April 15, Senator John McCain called for a suspension of the federal highway user fees—the 18.4 cents-per-gallon gas tax and the 24.4-cents per gallon diesel tax—from Memorial Day to Labor Day as an “immediate economic stimulus.” In fact, this proposal would have severe negative economic impacts. |
| Posted
by Chuck Frey on 4/16/2008 |
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