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Manitowoc to split into two companies through Foodservice spin-off

Posted by Wayne Grayson on January 30, 2015

Manitowoc to split into two companies through Foodservice spin-off

Manitowoc has announced that it will split into two, independent and publicly-traded companies. The move will separate the company's cranes and foodservice businesses through a tax-free spin-0ff of Foodservice. The spin-off is ...

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Antitrust suit alleges Caterpillar, Komatsu and Volvo conspired to bar Chinese construction equipment from U.S. market

Posted by Wayne Grayson on January 29, 2015

Antitrust suit alleges Caterpillar, Komatsu and Volvo conspired to bar Chinese construction equipment from U.S. market

International Construction Products has filed an antitrust lawsuit against the three biggest names in construction equipment, accusing them of colluding to limit competition in the U.S. The suit was filed this morning ...

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Sales fall again in 4Q as CNH Industrial posts 14% profit decline for 2014 on slumping farm demand

Posted by Wayne Grayson on January 29, 2015

Sales fall again in 4Q as CNH Industrial posts 14% profit decline for 2014 on slumping farm demand

It wasn't nearly as bad as the third quarter, but the fourth certainly wasn't much better for CNH Industrial which saw sales declines across all equipment and vehicle segments. Sales for ...

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ACPA forms traffic task force, plans pavement design software initiative

Posted by Chris Hill on January 29, 2015

ACPA forms traffic task force, plans pavement design software initiative

The American Concrete Pavement Association has announced two new initiatives for 2015: The formation of a task force for maintenance of traffic; and plans to explore options for creating a ...

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Komatsu profit up 5.5% in 3Q thanks to strong construction equipment sales in North America

Posted by Wayne Grayson on January 28, 2015

Komatsu profit up 5.5% in 3Q thanks to strong construction equipment sales in North America

Helped by a weakening of the yen against the U.S. dollar as well as increased equipment sales in the Americas and Europe, Komatsu posted gains in both profit and sales ...

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Vermont Senator introduces $1 trillion infrastructure spending bill

Posted by Wayne Grayson on January 28, 2015

Vermont Senator introduces $1 trillion infrastructure spending bill

A U.S. senator from Vermont has filed a bill that would designate $1 trillion over the next five years to transportation and infrastructure spending, according to a report from The Hill. Independent ...

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U.S. Chamber of Congress, AAA and ATA urge Congress to raise gas tax to fund long-term highway bill

Posted by Chris Hill on January 27, 2015

U.S. Chamber of Congress, AAA and ATA urge Congress to raise gas tax to fund long-term highway bill

With the Highway Trust Fund (HTF) inching ever so closer to insolvency, organizations are redoubling efforts to ensure Congress is passes a permanent fix, rather than a patch. AAA, the American ...

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California contractor sees latest emissions-compliant construction equipment as a competitive advantage

Posted by Marcia Gruver Doyle on January 26, 2015

California contractor sees latest emissions-compliant construction equipment as a competitive advantage

Andrew Allen, president of R. J. Allen Inc, has a different perspective on California Air Resources Board regulations, which require a certain percentage of a contractor’s equipment fleet be compliant ...

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Corporate tax code reforms have early bi-partisan support as method for funding long-term highway bill this year

Posted by Wayne Grayson on January 26, 2015

Corporate tax code reforms have early bi-partisan support as method for funding long-term highway bill this year

After President Barack Obama made a brief mention of infrastructure funding in his State of the Union address last week, urging Congress to focus on that rather than the Keystone ...

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Worker’s death in Ohio bridge collapse places urgency upon New Jersey bridge inspections

Posted by Equipment World Staff on January 23, 2015

Worker’s death in Ohio bridge collapse places urgency upon New Jersey bridge inspections

Aging infrastructure issues are well-known topics across the political landscape, as President Obama alluded to in his recent State of the Union address. Unfortunately, it takes a tragic incident such as ...

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John Deere cuts 910 ag factory workers, adds 220 to construction equipment facilities

Posted by Wayne Grayson on January 23, 2015

John Deere cuts 910 ag factory workers, adds 220 to construction equipment facilities

John Deere announced today that it would layoff 910 employees across five agricultural equipment factories in Iowa and Illinois as the company cuts costs in response to an ongoing global farming ...

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Los Angeles at a tipping point: get serious about public transportation or sink into Third World status

Posted by Tom Jackson on January 23, 2015

Los Angeles at a tipping point: get serious about public transportation or sink into Third World status

Last week I got the opportunity to visit Southern California and see how the country's most famous freeways were holding up. I pulled out of LAX in my rental car ...

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Four red flags you’re ruining your construction crew’s productivity

Posted by Amy Materson on January 23, 2015

Four red flags you’re ruining your construction crew’s productivity

  "The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint enough to keep from meddling with them while ...

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With December bump, U.S. home builders started 9% more homes in 2014

Posted by Wayne Grayson on January 21, 2015

With December bump, U.S. home builders started 9% more homes in 2014

Despite an up and down year heavily-influenced by apartment construction, home builders in the U.S. began work on more new homes in 2014 than the previous year. During December, starts on both single-family ...

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Obama urges Congress to focus on improving infrastructure rather than Keystone XL in State of the Union

Posted by James Jaillet on January 21, 2015

Obama urges Congress to focus on improving infrastructure rather than Keystone XL in State of the Union

President Barack Obama in his sixth State of the Union address made little mention of issues related directly to construction and transportation, which has in years past come in the form of ...

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The world built more skyscrapers and supertall buildings in 2014 than in any other year in history

Posted by Wayne Grayson on January 20, 2015

The world built more skyscrapers and supertall buildings in 2014 than in any other year in history

If you live in a large city and have thought it seems like a lot of new skyscrapers are going up, you would be correct. That's because the world is ...

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ARA expects heavy equipment rental market to grow 8.5% to $26 billion in 2015

Posted by Marcia Gruver Doyle on January 20, 2015

ARA expects heavy equipment rental market to grow 8.5% to $26 billion in 2015

The American Rental Association said it expects the 2015 U.S. construction/industrial equipment rental market to grow 8.5 percent this year, reaching $26 billion. General tool rentals will grow 8.8 percent to ...

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Bird advocates call for special glass that could seriously delay Vikings stadium construction, add $60 million to cost

Posted by Wayne Grayson on January 19, 2015

Bird advocates call for special glass that could seriously delay Vikings stadium construction, add $60 million to cost

Crews and head contractor Mortenson Construction have successfully fought through a worker shortage and below-freezing temperatures to keep construction on the new Minnesota Vikings football stadium on schedule. But like a running ...

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More reasons not to build toll roads

Posted by Tom Jackson on January 19, 2015

More reasons not to build toll roads

As a follow up to my earlier post on the Texas SH 130 toll road, I wanted to elaborate on another reason why I think toll roads are a bad ...

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Falling oil prices could slow Texas construction industry

Posted by Wayne Grayson on January 16, 2015

Falling oil prices could slow Texas construction industry

Construction equipment manufacturer Caterpillar has already taken a hit from falling oil prices and a new report from the Washington Post cautions that the Texas construction industry might soon see a slowdown for ...

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Feds to crack down on widespread construction tax evasion scheme in Florida

Posted by Wayne Grayson on January 14, 2015

Feds to crack down on widespread construction tax evasion scheme in Florida

The federal government has announced a partnership with Florida state officials to begin cracking down on the widespread use of a tax evasion scheme by construction companies throughout the state. According to ...

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Caterpillar cost-cutting continues: company to clip 240 workers at Illinois mining plants

Posted by Wayne Grayson on January 09, 2015

Caterpillar cost-cutting continues: company to clip 240 workers at Illinois mining plants

Caterpillar will lay off 240 workers across two of its Illinois plants as the company continues to cope with a global decline in demand for mining equipment. The company told the Chicago ...

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Jobsite Unite’s social platform streamlines construction project information

Posted by Amy Materson on January 09, 2015

Jobsite Unite’s social platform streamlines construction project information

Crews can streamline communication on the worksite with Jobsite Unite, a new mobile and web-based communication platform that allows superintendents, foremen, project managers and workers to more effectively communicate, boosting ...

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A drive on a Texas high-speed toll road: Is this how everybody will drive in the future? I hope not.

Posted by Tom Jackson on January 08, 2015

A drive on a Texas high-speed toll road: Is this how everybody will drive in the future? I hope not.

Over the holidays I had the opportunity to travel south on the newest Texas toll road, otherwise known as State Highway 130. The 131-mile road was built to ease Austin's ...

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At groundbreaking, California trades union head calls high-speed rail construction “greatest infrastructure project” in U.S. history

Posted by Wayne Grayson on January 07, 2015

At groundbreaking, California trades union head calls high-speed rail construction “greatest infrastructure project” in U.S. history

Despite years of controversy and wondering where the money to fund its construction would come from, ground was officially broken Tuesday on California's first high-speed rail line in Fresno. Expected to ...

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Larry Weyers named president of Manitowoc Cranes, Etchart steps down to VP role

Posted by Wayne Grayson on January 07, 2015

Larry Weyers named president of Manitowoc Cranes, Etchart steps down to VP role

Eric Etchart is stepping down from his role of president at Manitowoc Cranes and into a vice president role as part of The Manitowoc Company's succession plan for Etchart's upcoming retirement. Etchart has ...

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Lifelong love of construction gives third-generation contractor Brad Phillips a distinct advantage

Posted by Marcia Gruver Doyle on January 07, 2015

Lifelong love of construction gives third-generation contractor Brad Phillips a distinct advantage

When you ask Brad Phillips when he first became interested in construction, his answer is straightforward: “I can’t remember when I haven’t been.” And when you look at Brad’s background, his ...

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States must take the initiative in environmental streamlining

Posted by Equipment World Staff on January 07, 2015

States must take the initiative in environmental streamlining

Even as the green movement expands its war against fossil fuels, it’s losing ground in its ability to use federal legislation to strangle new highways and capacity improvements in the ...

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Caterpillar shares fall after analyst downgrades stock due to falling oil prices

Posted by Wayne Grayson on January 06, 2015

Caterpillar shares fall after analyst downgrades stock due to falling oil prices

While the falling price of oil has been delighting consumers at the pump across the U.S. for the last couple of months, the situation recently became decidedly less delightful for Caterpillar ...

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R. Barry Uber, former president of Ingersoll-Rand Construction and Mining Group, dies at 69

Posted by Marcia Gruver Doyle on January 06, 2015

R. Barry Uber, former president of Ingersoll-Rand Construction and Mining Group, dies at 69

Barry Uber, a 30-year veteran of Ingersoll-Rand, passed away on Dec. 31 in Springfield, Vermont. Uber began his career at Ingersoll-Rand in 1967, starting as a sales engineer. He held positions ...

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Construction spending dips 0.3% in November due to decrease in government nonresidential

Posted by Wayne Grayson on January 05, 2015

Construction spending dips 0.3% in November due to decrease in government nonresidential

Increases in homebuilding in both the private and public sectors were not enough to offset a decrease in government nonresidential as construction spending fell 0.3 percent in November. According to preliminary estimates ...

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AASHTO: Annual road investment of $120 billion needed to keep up with demand

Posted by Marcia Gruver Doyle on December 24, 2014

AASHTO: Annual road investment of $120 billion needed to keep up with demand

Next year will be a critical year for America’s surface transportation infrastructure, according to a just released report from the American Association of State Highway and Transportation Officials. In addition to getting highway ...

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Will the plunge in crude oil prices kill the fracking boom?

Posted by Tom Jackson on December 23, 2014

Will the plunge in crude oil prices kill the fracking boom?

For the last few years the conventional wisdom has been that fracking and oil and gas extraction in shale will continue to be profitable as long as crude oil prices ...

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Tadano America comic book embezzler named one of top 10 costliest frauds

Posted by Marcia Gruver Doyle on December 23, 2014

Tadano America comic book embezzler named one of top 10 costliest frauds

The $9.3 million embezzlement by the former head of legal affairs and human resources at Tadano America was among the top 10 costliest embezzlements reported in the 2013 Marquet Report ...

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Contractors, construction equipment manufacturers have much to gain from restoration of trade with Cuba

Posted by Wayne Grayson on December 22, 2014

Contractors, construction equipment manufacturers have much to gain from restoration of trade with Cuba

Though the restoration of diplomatic relations between the U.S. and Cuba has a long way to go, construction is firmly planted among the industries with the most to gain from ...

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IronPlanet and Cat Auction Services announce merger

Posted by Wayne Grayson on December 22, 2014

IronPlanet and Cat Auction Services announce merger

Online equipment marketplace IronPlanet and the Caterpillar dealer channel for used equipment sales, Cat Auction Services, have announced a merger. The two companies promise a "unique auction experience, backed by technology." ...

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