heavy duty trucking news
what would be the after effect of the beaches if mass equipment were used in the oil spill clean up?
when seeing news footage of the clean up in the gulf, i see footage that shows things like 5 guys out there with shovels and trash bags. to mee this seams a little insignificant. question is why cant they bring in heavy duty equipment, say a thousand bull dozers and dump trucks, just skim the top 10 inches of sand, find some place to dump it, for example an abandoned rock quarry, tell BP to build a refinery and refine it over the next 10 years. would this cause environmental issues to the beaches to lose the top 10 inches of sand.
First - there is not that much oil to need more than a single dozer and an inch or two of sand. Second, the smarter thing would be to bring in a dirt burner - a device built to rehab soil that has been inundated with oil. The dirt is passed through the device exposing it to a flame of several hundred degrees effectively burning the oil and cleaning the dirt. The dirt is then returned to it's source location.
In actually the usual situation you see on the news is overkill. They could do the work just as effectively with half the people and certainly a significantly lower number of bags.
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Recent updates on NWTT, PCAR, and GVA
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NW Tech Capital Inc., (PINK SHEETS:NWTT)recently reported that the company is currently working on raising the company value back for its shareholders and seeks viable candidates to merge into NWTT. The company management has been seeking viable businesses to vend in in North America, Asia, and Europe. The company is determined to reenter the public markets as a viable and respectable business.
NW Tech Capital Inc. is pleased to disclose the Canadian merger candidate, Bermal Contracting Ltd. NWTT is completing negotiations with Bermal Contracting, and discussions are underway about merger logistics. Details about a definitive merger will be released shortly. In other news, as part of the pre-merger negotiations, NWTT will build and launch new website with merger candidate information, and will formulate logistical solutions to effectively communicate with shareholders and future clients.
NWTT management currently works on raising the company value back for its shareholders and seeks viable candidates to merge into NWTT. The company management has been seeking viable businesses to vend in, in North America, Asia and Europe. The company is determined to reenter the public markets as a viable and respectable business.
PACCAR (NASDAQ:PCAR) is a global technology leader in the design, manufacture and customer support of premium light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company also provides customized financial services, information technology and truck parts related to its principal business.
PACCAR reported improved revenues and net income for the second quarter of 2010, said Mark C. Pigott, chairman and chief executive officer. Against a backdrop of global truck markets that are only gradually emerging from historically low levels, PACCAR's results reflect the benefits of higher truck and parts sales and improving financial services profits worldwide. Our customers are benefiting from increased freight tonnage, which has resulted in higher fleet utilization rates, resulting in positive gains for our aftermarket parts sales. I am very proud of our 16,000 employees who have delivered superior results to our shareholders in a challenging global business climate.
PACCAR's excellent balance sheet, including over $2.1 billion in manufacturing cash and marketable securities, and positive operating cash flow have enabled ongoing investments which enhance operating efficiency and the development of innovative new products, such as the PACCAR MX diesel engine which went into production in Kenworth and Peterbilt trucks in June, noted Pigott. The U.S. and Canadian truck market is gradually adjusting to higher priced vehicles resulting from the EPA 2010 emissions change. The European truck market is still lagging behind last year's volumes, but DAF achieved a significant increase in market share, which has delivered improved financial results.
Granite Construction Incorporated (NYSE:GVA) recently reported that Granite Construction Company has been awarded a $29 million roadway pavement rehabilitation and reconstruction contract by the United States Department of the Interior Bureau of Indian Affairs. The project is located on the Navajo Nation reservation in New Mexico and funded by the American Recovery and Reinvestment Act. Granite will book the project into backlog during the third quarter of 2010. Scope of the work includes pavement rehabilitation of approximately 62 miles of rural highway. The project will be divided into six sections spread out over 100 miles in San Juan and McKinley Counties. Work is estimated to begin August 2010 and will take approximately 11 months to complete.
GVA is a member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. Granite Construction Company, a wholly owned subsidiary, is one of the nation's largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public- and private-sector clients through its offices and subsidiaries nationwide.
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