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Capital structure likely dooms major Canadian precaster in its current form

Sources: Armtec Infrastructure Inc. Concord, Ontario; CP staff

Toronto Stock Exchange-traded Armtec Infrastructure reports $474 million in 2014 revenue, up $18 million or 4 percent from the prior year, with Precast Concrete Solutions and Drainage Solutions business units accounting for $313 million and $161 million, respectively. The moderate financial performance is cited against the bleak backdrop of a challenging capital structure; significant debt levels; restrictive debt covenants; and, a nearly $47 million decline in market enterprise value during the fourth quarter of 2014.

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Virtual Design & Construction specialist to open BIM for Masonry Symposium

Sources: International Masonry Institute, Bowie, Md.; CP staff

A Dallas-based consultant specializing in Building Information Modeling-enabled Virtual Design & Construction methods, Will Ikerd, P.E., will present the American Institute of Architects and Associated General Contractors of America’s joint Level of Development Specification to lead off the BIM for Masonry 2015 Symposium, April 9-10 in St. Louis.

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Bendix unites collision prevention, speed limit compliance, driver coaching technologies

Sources: Bendix Commercial Vehicle Systems LLC, Elyria, Ohio; CP staff

Capable of reading and holding truck drivers to posted speed limits, momentary engine de-throttling and automatic brake engagement upon detecting imminent or highly probable accident conditions, a new suite of vehicle-mounted devices leverages established ESP Electronic Stability Program, Wingman Advanced Collision Mitigation, and AutoVue Lane Departure Warning System technologies. Bendix CVS unveiled the Wingman Fusion package at the Mid-America Trucking Show, March 26-28 in Louisville.

Read more: Bendix unites collision prevention, speed limit compliance, driver coaching technologies