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Tag: revenue
Roadbuilding
House Democrats, GOP hint at bipartisan support for renewed infrastructure talks
U.S. House Democrats are calling for a $760 billion boost in infrastructure funding over the next five years but want to hear from the White House first before discussing how to pay for it. “This framework is an opportunity to get our existing infrastructure working again and fund new transformative projects that will create an […]
February 3, 2020
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United Rentals’ revenue rises 22% in 1Q 2019; more growth expected
United Rentals' announced increased revenues for Q1 of 2019 on their recent earnings call. Click here to read more details about their earnings report.
April 24, 2019
Dealers
Manitou reports 19% growth in 2018, cautious confidence in 2019
Manitou Group recently reported that its adjusted revenues grew 19 percent in 2018 in comparison to 2017, and 22 percent for Q4. More on Equipment World.
February 6, 2019
Dealers
CCI: More contractors plan to buy equipment as confidence continues
The commercial construction industry has continued its optimism from 2017 into 2018, with increases in new business prospects, rising revenue forecasts and steady backlogs, according to the Commercial Construction Index. And for the third consecutive quarter, a higher percentage of contractors report that they expect to spend more on tools and equipment in the next […]
March 8, 2018
Roadbuilding
Wash. tests road charge as gas tax alternative
Washington has begun a pilot program to test out an alternative to the gas tax. The Washington State Transportation Commission is seeking at least 2,000 drivers to volunteer for the program, in which they will log miles they drive. The program, which begins in January, is testing whether a per-mile road charge would work in […]
January 24, 2018
Roadbuilding
Former transportation secretary calls for infrastructure fix, higher gas tax
Former U.S. Transportation Secretary Ray LaHood is calling on Republicans and Democrats and all levels of government to work together to fix America’s infrastructure problems. Writing an opinion article at Newsweek.com, LaHood, who served from 2009 to 2013, says Congress missed an opportunity with its tax-reform legislation to inject “much needed revenue into the Highway […]
January 11, 2018
Roadbuilding
Commercial truck toll helps R.I. replace bad bridge
A Rhode Island bridge that has been deemed structurally deficient for almost two decades has been replaced six months ahead of schedule, says the state’s department of transportation. The Rhode Island DOT says more such projects are to come as the state tries to dig out from its bottom rating in the country for bridge […]
December 8, 2017
Roadbuilding
Iowa gas-tax hike increases local road, bridge projects
Iowa’s 10-cent gas-tax increase, enacted in March 2015, has brought in an additional $515 million for road and bridge projects, the Quad City Times reports. The additional revenue has been coming to cities and counties and must be used for critical road and bridge projects. The state has also used about half of the money […]
November 17, 2017
Dealers
Business Roundup: Cat dealer moves to $20M HQ; IronPlanet buyers get Ritchie Bros. financing; Vermeer MidSouth celebrates 30th year; AED diesel technician certification
Kansas Cat dealer moving to new $20M headquarters Caterpillar dealer Foley Equipment Co. is moving to its expanded Wichita, Kansas, headquarters, according to the Wichita Business Journal. The company is relocating its departments and personnel to the more than $20 million headquarters, which includes 160,000 square feet across two buildings, the Journal reports. The new […]
October 24, 2017
Roadbuilding
Congress urged to provide long-term, consistent funding for transportation infrastructure
Long-term, consistent revenue is needed for developing a new transportation infrastructure package. That was the message from Patrick McKenna, director of the Missouri Department of Transportation, when testifying October 11 before the U.S. House’s Subcommittee on Highways and Transit. The committee wanted to hear views from transportation stakeholders on improving the country’s infrastructure. McKenna, who […]
October 13, 2017
Roadbuilding
Conn. construction industry warns against transportation funding cut
The Connecticut Construction Industries Association is fighting a legislative proposal to cut transportation funding, saying it would hurt the state’s economy, according to the Hartford Courant. The association issued a report that said the state would lose $65 billion in economic activity over 20 years if it doesn’t increase funding for roads and public transit, […]
September 20, 2017
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Profits expected to rise for United Rentals following Harvey
United Rentals could see a 1 percent boost in profit this year because of short-term rental increases in the aftermath of Harvey, according to a CNBC report. The rental company made $60 million in rentals for disaster recovery immediately following the storm, the report said, citing a Jefferies Group analysis. Rental equipment demand includes water […]
September 12, 2017
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