Sources: Teamsters Local 174, Tukwila, Wash.; CP staff Nearly 11 months after joining Teamsters Local 174, 50 Corliss Resources drivers have voted overwhelmingly to ratify a contract with the Seattle market ready mixed producer. Contract terms include wage increases, employer-paid family Teamster health care coverage, pension contributions, and work rules to protect bargaining unit members. Local 174 represents the majority…Read More
Sources: LafargeHolcim, Chicago; CP staff LafargeHolcim has acquired Marshall Concrete Products, a longstanding ready mixed producer and block distributor in Minneapolis/St. Paul and the greater Twin Cities market. With a 60-plus payroll and fleet of front discharge and conveyor-equipped rear discharge mixer trucks, Marshall Concrete is primarily focused on residential and light commercial work. It serves as a bolt-on to…Read More
Based on National Ready Mixed Concrete Association Producer Confidence Survey responses in April, the latest industry confidence index reached a 75.1 level for the first quarter of 2015—against the backdrop of a stock market at historic highs, companion economic indicators positive, and industry volume reports showing 2014 as the first year since 2008 when U.S. per capita ready mixed concrete consumption exceeded one yard.
Sources: Martin Marietta Materials, Raleigh, N.C.; U.S. Department of Justice Antitrust Division; CP staff
Five months of shareholder guidance and regulatory review appear to have gone according to script for Martin Marietta, which is on track to promptly consummate a merger positioning it as the largest U.S.-based aggregate, cement and ready mixed producer.Read More