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October 10, 2015 • Vol. IXX • No. 21 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
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Inside
ICUEE Breaks Records in Louisville…12
Cost Reduction Plan on Agenda for Caterpillar Caterpillar Inc. announced significant restructuring and cost reduction actions that are expected to lower operating costs by about $1.5 billion annually once fully implemented. The cost reduction steps will begin in late 2015 and reflect recent, current and expected market conditions. For 2015, the company’s sales and revenues outlook has weakened, with 2015
sales and revenues now expected to be about $48 billion, or $1 billion lower than the previous outlook of about $49 billion. For 2016, sales and revenues are expected to be about 5 percent below 2015. Key steps planned by the company include: • An expected permanent reduction in Caterpillar’s salaried and management work-
force, including agency, of 4,000 to 5,000 people between now and the end of 2016, with most occurring in 2015, and with a total possible workforce reduction of more than 10,000 people, including the contemplated consolidation and closures of manufacturing facilities occurring through 2018. see PLANS page 76
Pipeline Advocates Decry Clinton XL Pipeline Stance
The demolition has just begun, following the completion of utility relocation work — gas, waterline and electrical — and approval from the railroad.
Ditch Witch M idw es t Celebrates M ilestone…14
By Ken Thomas and Catherine Lucey ASSOCIATED PRESS
Hyundai Hosts Dealers at Its Headquarters…16
Table of Contents ....................4 Attachment & Parts Section...............................41-47 Snow & Ice Section ..........53-58 Truck & Trailer Section ....65-75 Recycling Section ..........85-103 Auction Section ............107-117 Business Calendar................114 Advertisers Index ................118
The project, including construction, land acquisition and design, is the result of funding from the Federal Highway Administration (80 percent) and Union Pacific Railroad (20 percent). KozenyWagner expects to deliver the new bridge in spring 2017 if the weather cooperates. “The Kingshighway Viaduct is now 75 years old and has 55,000 vehicles per-day driving over the bridge,” said Deanna Venker, P.E., the city’s traffic commis-
DES MOINES, Iowa (AP) Hillary Rodham Clinton said Sept. 22 she opposes construction of the Keystone XL pipeline, breaking her longstanding silence over the construction of a project assailed by environmentalists as a threat to the planet’s climate. The Democratic presidential candidate said she decided to speak out after concluding that the ongoing debate over whether the pipeline should be built had become a distraction to larger efforts to fight climate change “and unfortunately, from my perspective, one that interferes with our ability to move forward to deal with the other issues. Therefore I oppose it.’’ Clinton’s announcement came as she has ceded ground in some polls to Vermont Sen. Bernie Sanders, who has long opposed the project, and followed the appearance of protesters at some of her recent campaign events holding signs that read, “I’m Ready for Hillary to say no KXL.’’ The former secretary of state had previously said she shouldn’t take a position on the issue, because she didn’t want to interfere with the Obama administration as it considers whether to allow construction of a pipeline that would transport oil from Canada’s tar sands to refineries on the Gulf of Mexico. The announcement was viewed with disappointment in Canada, where Prime Minister Stephen Harper has said as recently as last month that he was confident the next U.S. president would approve the project.
see DEMOLITION page 64
see KEYSTONE page 114
Vital Kingshighway Viaduct Job Begins With Demo Work By Irwin Rapoport CEG CORRESPONDENT
The city of St. Louis closed the Kingshighway bridge over the Union Pacific Railroad (UPRR) tracks (between Southwest/Vandeventer and Shaw Boulevard) and Daggett Avenue on July 6 so that the 75-year-old bridge can be torn down and replaced — an $18 million project that was awarded to KozenyWagner Inc.