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

Big Steel gives way to Bigger Aggregate on major Wall Street index

Sources: CP staff; S&P Dow Jones Indices LLC, New York City

Martin Marietta Materials Inc. will gain elevated stature on Wall Street as it absorbs Texas Industries Inc., and switches spots from the Standard & Poors MidCap 400 to S&P 500 Index with one of the 20th century’s corporate icons, United States Steel Corp.—a past cement (Universal Atlas) and aggregate (Presque Isle, Mich., mega-quarry) operator in its own right.

Read more: Big Steel gives way to Bigger Aggregate on major Wall Street index

Hanson UK veteran named to top Aggregate Industries US post

Source: Aggregate Industries US, Bedford, Mass.

Guy Edwards has been appointed Aggregate Industries US chief operating officer, bringing a resume spanning management roles for the United Kingdom operations of Hanson, Tarmac and Aggregate Industries predecessor, Bardon. He will be tasked with strategy implementation and business improvement, and assessing the organization’s structure, efficiency and performance.

Read more: Hanson UK veteran named to top Aggregate Industries US post

PCA finds more liquidity to Highway Trust Fund shoring than meets the eye

Sources: Portland Cement Association, Washington, D.C.; CP staff

Initial reports find Sen. Bob Corker (R-TN) and Sen. Chris Murphy’s (D-CT) call for an increase in federal gasoline and diesel taxes—aimed at shoring up the Highway Trust Fund (HTF) longer term while preventing potential road construction work stoppages this season—will spur a $164 billion increase in HTF revenues.

Read more: PCA finds more liquidity to Highway Trust Fund shoring than meets the eye