News
Regal Beloit closes acquisition of Power Transmission Solutions
Regal Beloit announced the closing of the acquisition of the Power Transmission Solutions business from Emerson. Additional information regarding the acquisition will be provided at Regal’s quarterly conference call at 9 a.m. CST on Feb. 17. Those who would like… Keep Reading
DOT releases infrastructure analysis
Transportation Secretary Anthony Foxx with Google Chairman Eric Schmidt unveiled “Beyond Traffic,” a forward-looking infrastructure analysis from the U.S. Department of Transportation (DOT). The analysis is “offered to the public as a draft to ignite a national conversation about the… Keep Reading
Obama proposes six-year, $478 billion infrastructure budget
President Barack Obama proposed a 14 percent tax on overseas profits that would raise $238 billion over six years and create a $478 billion infrastructure budget, the National Stone, Sand & Gravel Association reports. “This transition tax would mean that… Keep Reading
Aggregate production up 7.1 percent in 2014
Total aggregates production rose 7.1 percent in 2014, according to new information from the U.S. Geological Survey (USGS). In its just-released Mineral Commodity Summaries 2015 report, USGS says 2.17 billion metric tons of aggregate were shipped last year compared to… Keep Reading
Continental acquires Veyance after CADE approval
Continental concluded its acquisition of U.S. rubber company Veyance Technologies after receiving approval from Brazilian antitrust authority CADE (Council for Economic Defense). The transaction is valued at 1.4 billion euros. Veyance specializes in producing conveyor belts, hoses and power transmission… Keep Reading
U.S. Senators to introduce bipartisan transportation bill
U.S. Senators Barbara Boxer (D-Calif.) and Rand Paul (R-Ky.) announced that they will be introducing the “Invest in Transportation Act of 2015,” which would extend the Highway Trust Fund, boost economic growth and create jobs. The legislation would allow companies… Keep Reading
MSHA begins inspections for high-fatality occupations
In a stakeholder conference on Friday, MSHA administrator Joseph Main announced that MSHA will begin inspections for high fatality mining occupations, including truck drivers, supervisors and contractors on Feb. 2, says the Illinois Association of Aggregate Producers (IAAP). These occupations… Keep Reading
Liebherr signs Heavy Machines as distributor
Liebherr Construction Equipment signed a distribution agreement with Heavy Machines Inc. Heavy Machines will now be a dealer for Liebherr equipment in Maine, Tennessee and Louisiana. “The new agreement with Liebherr will allow us to continue to focus on our… Keep Reading
Senate EPW urges for agreement on long-term highway bill
The Senate Environment and Public Works Committee began its transportation reauthorization efforts Jan. 28 with a hearing featuring Transportation Secretary Anthony Foxx and the governors of Alabama and Vermont, as well as the South Dakota Secretary of Transportation. Members at… Keep Reading
