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Shutterstock photo Great Lakes Dredge & Dock Corporation GLDD is expected to come up with higher earnings when i t report s fourth-quarter 2018 numbers. However, it doesn’t possess the right combination of the two key ingredients for a likely earnings beat in the to-be-reported quarter. This largest provider of dredging services in the United… Read More
Investors sentiment increased to 2.41 in Q3 2018. Its up 0.76, from 1.65 in 2018Q2. It is positive, as 5 investors sold Orion Group Holdings, Inc. shares while 22 reduced holdings. 21 funds opened positions while 44 raised stakes. 22.23 million shares or 8.19% more from 20.54 million shares in 2018Q2 were reported. State Of… Read More
Revenue growth and strong cash flow Operational Strong performance key markets North America, the UK, Continental Europe, and Australia Firm measures taken to turn around lagging performance in the Middle East and Asia Non-core clean energy assets Brazil: Preparation for divestment of all assets initiated Financial Significantly improved balance sheet Net working capital improved to… Read More
Transportation and government relations expert Jennifer Cohen has been appointed by the Port of Los Angeles as its new Director of Policy and Legislative Affairs. Cohen most recently served as the Director of Government Affairs for the Los Angeles Department of Transportation (LADOT). In her new position, Cohen will direct the Port’s legislative team and… Read More
The National Stone, Sand & Gravel Association (NSSGA) awarded its annual Barry K. Wendt Commitment Award to Bill Wetta, senior vice president of product development and chief technology officer at DSC Dredge. Wetta was named the award winner Monday at the NSSGA Annual Convention in Indianapolis. NSSGA established the Wendt award more than two decades… Read More
Meeco Sullivan has announced the retirement of Steve Sullivan, president and CEO. Sullivan has been with the company for 38 years having begun his career at Sullivan Flotation Systems in Warwick, New York, in 1980. He held a variety of operational, sales and management positions before becoming president in 1995. Sullivan, with his brother Robert,… Read More
Great Lakes Dredge & Dock Corporation (GLDD) received the Signal Mutual Indemnity Association Ltd.’s Gerald H. Halpin Safety Excellence Award. The award, presented at the association’s annual members board meeting in Orlando, Florida, on January 25, honors the Signal member who exemplifies the promotion of employee safety and health throughout its organization. GLDD was chosen… Read More
On December 12, 2018, the Great Lakes Dredging Team (GLDT) hosted its 2018 fall webinar meeting. The meeting discussed local U.S. Army Corps of Engineers dredging programs along the Great Lakes, GLDT business and committee reports, and updates on beneficial use projects in the region. GLDT serves as a forum for Great Lakes dredging interests,… Read More
Fishing boat passes a PCB dredging barge on the Fox River (WBAY file photo) GREEN BAY, Wis. (WBAY) – The Environmental Protection Agency says the decades-long legal battle over contamination of the Fox River is over. A final settlement was reached to cover the past and future costs of the PCB cleanup. According to the… Read More
The Army Corps of Engineers dredge Murden. The Oregon Inlet Task Force wants a similar dredge for maintaining waterways in the county. Photo: Corps MANTEO – A hastily called meeting last week of the Oregon Inlet Task Force was intended to nail down details of a work plan for a proposed Dare County-based dredge and… Read More
Pictured, L-R: Gunther Hoock, Signal Vice President of Safety Resources; Jason Campbell, Great Lakes Director of Safety & Risk; and David Simonelli, Great Lakes President, Dredging Great Lakes Dredge & Dock Corporation was the recipient of Signal Mutual Indemnity Association Ltd.’s Gerald H. Halpin Safety Excellence Award at the Association’s Annual Members Board Meeting in… Read More
Aerial view of Yager Materials | Photo by AP Imagery Carmeuse Lime & Stone (Carmeuse) and Yager Materials are pleased to announce that Carmeuse has acquired Yager Materials and its subsidiaries. By acquiring Yager, Carmeuse expands its presence in the construction market. “We are very excited with this acquisition, which is consistent with our long-term… Read More
Virtu Financial LLC acquired a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 34,553 shares of the construction company’s stock, valued at approximately $229,000. Virtu Financial LLC owned approximately 0.06% of Great Lakes… Read More
Super Aggregates’ Marengo Materials dredging operation, which lies just to the west of Chicago, is stockpiling material for future growth. Super Aggregates, co-owned by Dan Plote of Plote Construction and Jack Pease, has been a sand and gravel producer in northern Illinois and southern Wisconsin since 1970, offering a wide variety of products. Its Marengo… Read More
St. Bernard resident Rachel Nunez is the newest member of the St. Bernard Port, Harbor and Terminal District’s Board of Commissioners. Nunez was endorsed by State Rep. Ray Garafalo and Sen. Sharon Hewitt and appointed by Gov. John Bel Edwards. This volunteer position plays a vital role in the port’s operations. Nunez will serve as… Read More