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Tag: Great Recession
Dealers
Lessons learned from Great Recession turning equipment owners into equipment users
Lessons learned from the Great Recession has made contractors pay close attention to numbers and debt, and view construction equipment as an asset. More here.
October 7, 2019
Dealers
Aerial platform rental fleets rise; more growth forecast
The U.S. mobile elevating work platform rental market is the largest in the world. Global MEWP rental fleets posted 8 percent growth in 2017. More here!
June 18, 2018
Business
Dodge economist: Trump tariffs won’t halt construction growth
Though there are some concerning signs on the horizon, including President Donald Trump’s tariffs on imported steel and aluminum, they won’t stop the continued expansion of the overall construction industry through 2018 and into 2019, according to Bob Murray, chief economist for Dodge Data & Analytics. Murray said the industry was able to absorb the […]
April 6, 2018
Dealers
Recession weary heavy equipment buyers flock to rental, RPOs to lower risk
“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]
July 26, 2016
Business
Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery
Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction’s direction. According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago has been held […]
September 10, 2014
Roadbuilding
Construction equipment among quickest recovering industries from recession
According to a new study of the construction equipment industry released Tuesday by the Association of Equipment Manufacturers, the industry was among the quickest to recover from the throes of the Great Recession and contributes nearly four times its market share in value to the U.S. economy. Sanctioned by AEM and authored by Inforum, an […]
September 10, 2014
Roadbuilding
The Traffic Fatality Mystery of 2012
The positive message in the traffic safety data for 2012 and 2013 is America seems to be holding its safety gains — but nothing trumps Mother Nature when it comes to safety statistics.
July 2, 2014
Business
How 5 construction companies are passing the baton to the next generation
[Editor’s Note: This is Part Two in a four-part series chronicling the stories of contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] [Editor’s Note II: The names in the article below have been changed due to the personal nature of […]
February 4, 2014
Business
How to choose who to sell your construction company to and when
[Editor’s Note: This is Part Four in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Stever Robbins, executive coach with Stever Robbins Incorporated, says assuming you’ll pass your business along to your […]
February 4, 2014
Business
When selling your construction company is the best option
[Editor’s Note: This is Part Three in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] If you’re in the market to sell your business, you may be in luck, especially if […]
February 4, 2014
Business
How 2 construction companies (one large, one small) decided to close their doors
[Editor’s Note: This is Part One in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Keith Andrews, president, RaCON Incorporated, looks at his nearly empty equipment yard from the driver’s seat […]
February 3, 2014
Business
SPECIAL REPORT: The Future of Your Construction Company. How and when to walk away.
In the wake of the Great Recession, many baby boomer contractors are planning their business’s futures. Specifically, is this the end? And if so, should I sell? Liquidate? Pass it on? Even if the end isn’t in your near future, our four-part Special Report will get you well in the way to forming a sensible […]
February 3, 2014
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