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Caterpillar Invests in Peer-to-Peer Equipment Rental

To help customers maximize the use and productivity of their owned equipment, Caterpillar Inc. is entering an agreement with Yard Club, a start-up company that has developed an online peer-to-peer equipment rental platform.

 

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NRP Reports Mixed Results for First Quarter

Natural Resource Partners (NRP) reported first quarter 2015 revenues of $109.7 million, resulting in net income per unit of $0.14 compared to $80.3 million in revenues and net income per unit of $0.29 reported for the first quarter 2014. Distributable cash flow was $53.3 million in the first quarter 2015 compared to $38.9 million for 2014. NRP also reported Adjusted EBITDA of $64.2 million for first quarter 2015 versus $69.0 million for first quarter 2014.

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Nonresidential Building Index Rises

The Dodge Momentum Index rose 0.8 percent in April to 122.6 (2000=100) from March’s 121.6, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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Congress Fails Nation; Proposes Transportation Cuts

For the first time in six years, the House and Senate have come together to pass a joint budget resolution. Their achievement is overshadowed by a proposed 22 percent reduction in surface transportation funding based upon current revenue projections for the Highway Trust Fund.

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