Concrete Products is the leading source for Concrete Plants, Concrete Mixers, Precast, and Ready Mix news.
 
 

 

Industry embraces workforce development

Ready mixed and manufactured-concrete producers have enjoyed gradually improving business for much of the past five years. Like employers throughout the economy, many have encountered a tightening labor market, culminating with 2018 unemployment levels approaching 20-year lows and industry-wide prioritizing of recruiting and retaining production and delivery talent.

Read more: Industry embraces workforce development

Producer accruals from Tax Cuts accounting near $1 billion mark

The Tax Cuts & Jobs Act (TCJA) with which President Donald Trump and his party closed out 2017 is already spurring returns in concrete, aggregates and cement. A lowering of the corporate tax rate from 39 percent to 21 percent, coupled with reduced liabilities for deferred tax payments, is reflected in major operators’ final 2017 financials and stepped up 2018 capital expenditure projections.

Read more: Producer accruals from Tax Cuts accounting near $1 billion mark

Aging antitrust law rules the day in Vulcan-Aggregates USA settlement

In its successful, steadfast rejection of a Martin Marietta Materials-proposed merger six years ago, Vulcan Materials stressed the likely sale of strategic sand & gravel and crushed stone assets that federal antitrust regulators would stipulate as a condition of approval.

Read more: Aging antitrust law rules the day in Vulcan-Aggregates USA settlement

Tax reform codifies fairness model for resilient-building advocates

California and New York officials groused at the state and local tax (SALT) deductibility cap in the Tax Cuts and Jobs Act. Proponents of the new law rightly noted how the rest of the country had subsidized those and a few other states whose residents could lower their federal income tax liabilities by itemizing state and/or local income and property tax payments.

Read more: Tax reform codifies fairness model for resilient-building advocates