Martin Marietta Rises
- Details
- Published: Wednesday, 01 August 2012 11:16
- Written by Mark Kuhar
August 1, 2012 – Martin Marietta Materials's second-quarter report indicates that things are best in the West. Earnings rose 2.8 percent as the company reported stronger shipments and pricing in its aggregates business, led by demand in the Western United States. Martin Marietta said it has seen continuing signs of recovery in certain markets, mostly in the western U.S., where aggregates shipments were up 7.6 percent.
July 23, 2012 – While the impact of MAP-21 is still a long way off, it was good to see an uptick in McGraw-Hill's latest F.W. Dodge Report. Public works construction climbed 26 percent in June, led by a 129 percent surge for the "other public works" category, which includes such diverse project types as site work, mass transit, pipelines, and outdoor sports stadiums. A major boost to the "other public works" category in June was provided by $1.0 billion estimated for work on a new football stadium for the San Francisco 49ers in Santa Clara, Calif.
July 13, 2012 – Here is the latest on the Martin Marietta Materils-Vulcan Materials takeover bid. The Delaware Supreme Court amplified recent rulings, saying rival Martin Marietta Materials didn't err by launching the takeover, but by using confidential information gleaned from friendly merger talks. The state's high court said in a supplementary opinion released Tuesday that a lower court was correct in blocking Martin Marietta's hostile bid for Birmingham-based Vulcan Materials, the largest U.S. producer of road-construction materials.
July 9, 2012 – At least one industry executive thinks part of the new transportation bill is a step backwards. "Just one day after the House and Senate came together on a common sense compromise transportation bill that moves the cause of highway safety forward, adoption of this amendment is a step back," said American Trucking Association (ATA) President and CEO Bill Graves . His controversial statement, however, is not directed at the spirit of the bill itself, but at a requirement concerning electronic on-board recorders to track driver hours of service.
