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DOT gives states $20M for natural disaster repair
May 08, 2012
The DOT is giving Alabama, Oregon and South Carolina money to help cover costs of repairing roads and bridges damaged by disasters.
More than two-thirds of highway construction crews hit by cars last year
April 23, 2012
The Associated General Contractors of America reported today that 68 percent of the nation's highway contractors have had motor vehicles crash into their construction worksite in the last year.
Additionally, 28 percent of contractors reported their workers were injured during those ...
TIGER grant request at $10.2 billion, surpasses available funding
April 05, 2012
An "overwhelming demand" for Transportation Investment Generating Economic Recovery (TIGER) grants has far surpassed available funding, with applications to the U.S. Department of Transportation for TIGER 2012 grants totaling $10.2 billion, U.S. Transportation Secretary Ray LaHood announced ...
Equipment finance market confidence up to index of 61.7
March 26, 2012
The Equipment Leasing & Finance Foundation released the March 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on March 23.
According to the report, overall, confidence in the equipment finance market is 61.7, up from the February index of ...
Steve Cosper, Granite Contracting named 2012 Contractor of the Year
March 12, 2012
AEM: U.S. construction machinery exports gain 43 percent in 2011
February 24, 2012
U.S. construction equipment exports increased 43 percent in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This follows growth of 28 percent in ...
Cat reports 2011 full-year, Q4 results; profits up 83 percent
January 30, 2012
Caterpillar Inc. delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010, citing "outstanding execution and stronger global demand," as the impetus.
Profit in 2011 was $4.928 billion, an increase of 83 ...
AEM outlook indicates expected growth
January 03, 2012
In the Association of Equipment Manufacturers’ annual Construction Equipment Outlook survey, members were asked to rank several factors affecting future business. The replies recognized the state of the general economy, including consumer confidence and credit availability, plus steel prices and ...
United buys RSC
December 16, 2011
In a $4.2 billion transaction, United Rentals has bought the number-two player in the rental market, RSC Holdings. United Rentals says the buy creates a company with "more attractive business mix, greater scale and enhanced growth prospects." In addition, the ...
Economic Outlook: How long is recovery in a ‘Humpty Dumpty’ economy?
December 02, 2011
The good news is that the U.S. economy is growing — with the exception of the housing market — but the bad news is we’ve encountered the worst recession since the Great Depression, says Eugenio Aleman, director and senior economist ...
Obama U.S. DOT funding law drops highway limit about $2 billion
November 20, 2011
President Barack Obama on Nov. 18 signed into law a spending package that Congress passed on Nov. 17, which includes Fiscal Year 2012 appropriations for the U.S. Department of Transportation, according to the Association of American Traffic Safety and Highway ...
AGC: U.S. construction materials prices up 8.1 percent
November 02, 2011
The amount contractors pay for a range of key construction materials held steady in September in the United States but climbed 8.1 percent from the year-earlier level, according to an analysis of producer price index figures released by the Associated ...
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