Monthly Archives: June 2016

Moretrench’s Greg Landry a Leader in Compiling the 2016 Report Card for New Jersey’s Infrastructure

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On  June 16, the New Jersey Section of the American Society of Civil Engineers released the 2016 Report Card for New Jersey’s Infrastructure.  The Report, a snapshot of New Jersey’s current infrastructure conditions and needs, was compiled by civil engineering professionals and educators in New Jersey, including Moretrench Chief Dewatering Engineer Greg Landry, P.E.

Landry, who is a former President of ASCE’s North Jersey branch and the New Jersey Section, was a member of the 3-person steering committee that managed the report, along with Luis Barragan, P.E. and Michael Sears, P.E. (also former North Jersey Branch Presidents).  They drew from experts across the state to compile each the following categories:  Water, Wastewater, Parks, Dams, Levees, Ports, Roads, Rail, Transit, Bridges, Energy, Hazardous Waste, and Solid Waste.  Grades were assigned on an A to F basis according to the following criteria:  capacity, condition, funding, future need, operation and maintenance, public safety, resilience, and innovation.  The report also outlined a vision for what New Jersey’s infrastructure will look like in the future and some of the actions needed to get there.

Pictured from left to right in the office of Louis Greenwald: Greg Landry, Tom DiChiara, Michael Semeraro, Michael Sears, Golam Kabir, Nick Alexiades, Luis Barragan, Eric Gratson, and Jack Kanarek.

Pictured from left to right in the office of Louis Greenwald: Greg Landry, Tom DiChiara, Michael Semeraro, Michael Sears, Golam Kabir, Nick Alexiades, Luis Barragan, Eric Gratson, and Jack Kanarek.

Overall, New Jersey infrastructure earned a cumulative GPA of “D+” in the 13 categories.   Among the lowest grades were transit (D-), bridges (D+) and roads (D), all of which are funded by the state’s Transportation Trust Fund. Following the statewide release, a press conference was hosted at the State House by Assembly Majority Leader Louis D. Greenwald which focused on the need to fix the state’s Transportation Trust Fund which will go bankrupt on July 1 if state lawmakers don’t act.

Landry commented that “The committee is hopeful that bipartisan legislation which proposes to increase New Jersey’s gas tax is a smart first step toward getting our state’s infrastructure back on track.”

ESOP Shareholders’ Meeting

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On June 2, 2016, Moretrench employee-owners gathered in Rockaway, NJ for our Annual ESOP Shareholders’ Meeting and Service Awards Presentation.  It was an exciting event, as the new stock price was announced and employee-owners received their Employee Stock Ownership Statements showing their updated individual stake in the 100% employee-owned company.  Special recognition was given to the eighteen employees who recently became 100% vested and the thirteen employee-owners who reached 5, 10, 15, 20, and 25 years of service to the company. 

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CEO, Art Corwin and CFO, Rich Telesmanich discussed the 2015 financial results of the company, along with the bright outlook for the future. 

Being a 100% employee-owned company is not only about the financial benefit, it is an important part of our corporate culture.

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Rowan University Student Receives 2016 John F. Donohoe Scholarship Award

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Moretrench Congratulates Evan Larison, a civil and environmental engineering student at Rowan University, on being the 2016 recipient of the Associated Construction Contractors  of New Jersey  John F. Donohoe Scholarship Award.  ACCNJ was formed by the merger of the Associated General Contractors of New Jersey  (AGCNJ) and the Building Contractors Association of New Jersey. The scholarship was created in honor of the late John F. Donohoe, former President and CEO of Moretrench, who also served as President of AGCNJ and National Director of its parent organization, the Associated General Contractors of America.  The award was presented  to Mr. Larison by Mr. Donohoe’s widow Kathy and son John at the ACCNJ Membership Dinner held on June 7th at Mayfair Farms in West Orange.

This is the seventh year that the John F. Donohoe scholarship has been awarded and to date over $75,000 has been distributed among the recipients.  To learn more about the ACCNJ Scholarship Foundation and its work please visit accnj.org.

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