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470 Maryland Drive • Ft. W PA•19034 215/885-2900 Free 800-523-2200 • Fax 215/885-2910 • www.ConstructionEquipmentGuide.com November 2,ashington, 2016 • Vol. LIV No. 22 • •470 Maryland Drive•• To Ft.llWashington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
Cuomo Announces $1.595B Moynihan Train Hall Developer
DelDOT photo
DelDOT expects to have the roadway open by December of 2018 to start collecting tolls.
H.O. Penn, Sitech Host New Technology Demo...8
SOM photo W.Va.’s I-79 Interchange Project Nears End...14
The Moynihan Train Hall will have more space than Grand Central’s main concourse, housing both Amtrak and LIRR ticketing and waiting areas, along with stateof-the-art security features, a modern, digital passenger experience and a host of dining and retail options.
DelDOT’s $400M U.S. 301 Project to Ease Congestion By Brenda Ruggiero CEG CORRESPONDENT
ALLU Spo nsors De mo Event in New Jersey...28
Table of Contents ................4
Gov. Andrew M. Cuomo unveiled sweeping plans for the complete transformation of the historic James A. Farley Post Office into a world-class transportation hub. At the Association for a Better New York, Cuomo announced the selection of a developer-builder team including three companies, Related Companies, Vornado Realty LP and Skanska AB to redevelop the Farley Building, creating a new 255,000 sq. ft. (23,690 sq m) Train Hall to house passenger facilities for the Long Island Rail Road and Amtrak. see CUOMO page 114
see DELDOT page 100
Cat’s Oberhelman to Retire in 2017
Paving Section ..............57-73 Crawler Loaders, Dozers, Undercarriages & Parts Section ..........................77-87 Snow & Ice Section..119-123 Parts Section....................124 Auction Section ......128-145 Business Calendar ..........138 Advertisers Index ............146
A large road project is progressing as planned in southern New Castle County, Delaware. The new U.S. 301 will reportedly improve safety, manage truck traffic and reduce congestion; support approved and proposed economic development in a key Delaware growth area; enhance the region’s ability to compete for economic development; create needed jobs; improve local access to the Northeast
Corridor Rail (Amtrak), commuter rail (SEPTA) and bus (DART) services; improve livability in the region; and reduce fuel consumption and greenhouse gas emissions. On the project website, DelDOT states that the new U.S. 301 will remove the “neck in the bottle” of the regional highway network, i.e. existing U.S. 301 from the Maryland/Delaware state line to I-95 and its two-lane sections (one lane in each direction); 29 at-grade intersections (18
Caterpillar Inc., Chairman and CEO Doug Oberhelman.
After more than 41 years with Caterpillar Inc., Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017. During his time as Chairman and CEO, Oberhelman has reinvigorated the company’s focus on serving customers while also driving a culture of quality and safety. Oberhelman led the company to its highest sales and revenues peak in its 91-year history in 2012, and,
since that time, has successfully led the company through the unprecedented downturn affecting our key industries. During Oberhelman’s tenure: • Product quality levels have reached historically high levels. • Market position for machines has significantly increased. • New Lean Management processes have simplified and sped production capabilities, improving
product availability for dealers and customers. • The company has increased its quarterly dividend by 83 percent since 2010. • The balance sheet is strong, and at the end of the second quarter of 2016, Caterpillar’s Machinery Energy & Transportation debt-tocapital ratio was 39.0 percent, with $6.764 billion in cash as of June see CATERPILLAR page 110