Knife River Corp. (KNF), a construction material and contracting services provider, Friday said it secured a $112 million materials and paving project in Texas.
State Highway 6 or the Big 6 improvement project is expected to be completed in 2030 and Knife River has been subcontracted by Fluor Corporation on the $671 million Texas Department of Transportation project.
The company is set to provide around 928,000 tons of hot-mix asphalt for the widened roadway, upgraded interchanges, reconfigured auxiliary lanes and new shared paths for bicycles and pedestrians.
Additionally, the company will provide sand, MSE backfill and base course to Fluor Corporation on an as-needed basis throughout the project.
In pre-market activity, KNF shares were trading at $74.43, up 0.51% on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.