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VIDEO: Thief takes his sweet time plundering Nebraska contractor’s equipment yard on multiple occasions

Posted by Wayne Grayson on November 24, 2014

VIDEO: Thief takes his sweet time plundering Nebraska contractor’s equipment yard on multiple occasions

Law enforcement in Omaha, Nebraska, are searching for a man who stole thousands of dollars worth of equipment and materials from a contractor's equipment yard earlier this year. According to a ...

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Home starts dip 2.8% in October as builder confidence clicks back up

Posted by Wayne Grayson on November 19, 2014

Home starts dip 2.8% in October as builder confidence clicks back up

U.S. home starts fell 2.8 percent in October to a seasonally adjusted annual rate of 1.009 million, according to preliminary data from the Commerce Department. The latest report also revised the September ...

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One contractor gives another work: Seattle officials suspect construction crew responsible for dumping concrete in sewer pipe

Posted by Wayne Grayson on November 13, 2014

One contractor gives another work: Seattle officials suspect construction crew responsible for dumping concrete in sewer pipe

Even though it's something that happens fairly regularly—three or four times a year—footing the bill to repair sewer pipes used as a place to dump left over concrete never gets ...

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Cement shortage in Michigan could delay some construction projects into next year

Posted by Wayne Grayson on November 11, 2014

Cement shortage in Michigan could delay some construction projects into next year

Construction projects across the state of Michigan that are dependent upon concrete are being delayed due to a cement shortage caused by what is being called a "perfect storm" of ...

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AGC economist forecasts strong construction growth thanks to ‘shale gale’, Panama Canal expansion

Posted by Tom Jackson on November 07, 2014

AGC economist forecasts strong construction growth thanks to ‘shale gale’, Panama Canal expansion

The morning after Republicans won back the U.S. Senate, Ken Simonson, chief economist for the Associated General Contractors of America, said that conservative majorities in both houses of Congress are ...

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ARA: U.S. equipment rental market to grow 7.3 percent this year, slightly down from earlier predictions

Posted by Marcia Gruver Doyle on November 05, 2014

ARA: U.S. equipment rental market to grow 7.3 percent this year, slightly down from earlier predictions

Revising its forecast slightly down from the 7.6 percent growth predicted in July, the American Rental Association now sees 7.3 percent growth this year in the U.S. equipment rental market. The ...

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Despite slight dip in profit during first 6 months, Komatsu revises full-year forecast upward on “brisk” equipment sales

Posted by Wayne Grayson on November 04, 2014

Despite slight dip in profit during first 6 months, Komatsu revises full-year forecast upward on “brisk” equipment sales

Sales and operating income at Komatsu are up during the first six months of the company's fiscal year, but the increases weren't enough to stave off a slight dip in ...

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Construction spending falls 0.4% in September due to dip in government projects

Posted by Wayne Grayson on November 04, 2014

Construction spending falls 0.4% in September due to dip in government projects

Construction spending in the U.S. fell for a second consecutive month in September, dipping 0.4 percent. According to preliminary estimates from the Commerce Department, spending was at a seasonally adjusted annual rate ...

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Kobelco opens new North American headquarters in Texas

Posted by Amy Materson on November 04, 2014

Kobelco opens new North American headquarters in Texas

As a result of expected rapid growth in their sale of excavators in North America, Kobelco Construction Machinery has opened a new corporate headquarters in Katy, Texas. Designed to service dealers ...

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Terex sells 51% of ASV to Manitex, resulting in skid steer, compact track loader joint venture

Posted by Marcia Gruver Doyle on November 04, 2014

Terex sells 51% of ASV to Manitex, resulting in skid steer, compact track loader joint venture

Terex is selling 51 percent of ASV to Manitex International, resulting in a joint venture that is 51 percent owned by Manitex and 49 percent owned by Terex. The joint ...

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Terex profit falls 30% in 3Q, reduces expectation for full-year earnings

Posted by Wayne Grayson on November 03, 2014

Terex profit falls 30% in 3Q, reduces expectation for full-year earnings

Despite a slight sales boost, equipment manufacturer Terex saw earnings fall during the third quarter and has reduced its earnings forecast for the full year. Sales were up 3 percent over ...

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When the Marcellus Shale provided the opportunity, West Virginia contractor Dwaine Doss was ready

Posted by Tom Jackson on November 01, 2014

When the Marcellus Shale provided the opportunity, West Virginia contractor Dwaine Doss was ready

Most contractors understand you don’t waste daylight. But by the time the sun breaks over the mountains of central West Virginia, Dwaine Doss has already put in hours of work. ...

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Quick Data: New and used grader sales for November 2014

Posted by Marcia Gruver Doyle on November 01, 2014

Quick Data: New and used grader sales for November 2014

Turnaround in construction equipment sales lone 3Q highlight as CNH Industrial profit plummets 113%

Posted by Wayne Grayson on October 31, 2014

Turnaround in construction equipment sales lone 3Q highlight as CNH Industrial profit plummets 113%

Following a second quarter where profit increased despite sales declines, CNH Industrial did not fare nearly as well in the third, as sales and revenues fell again and profit has ...

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Bomag will move Cedarapids, CMI equipment production to new South Carolina headquarters

Posted by Wayne Grayson on October 31, 2014

Bomag will move Cedarapids, CMI equipment production to new South Carolina headquarters

In order to create what Bomag Americas president Walter Link called a "North American epicenter for operations," the company has announced that it will also be transitioning the manufacturing of ...

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Former DOT Sec. LaHood: “We need a big pot of money” to fix America’s roads and bridges

Posted by Marcia Gruver Doyle on October 30, 2014

Former DOT Sec. LaHood: “We need a big pot of money” to fix America’s roads and bridges

Continuing his “America is one big pothole” theme, former U.S. Department of Transportation Secretary Ray LaHood used an appearance at a Caterpillar press event Wednesday night to lambast the present ...

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Toro buys BOSS snowplows, salt and sand spreaders

Posted by Marcia Gruver Doyle on October 29, 2014

Toro buys BOSS snowplows, salt and sand spreaders

Toro will buy the BOSS business of Northern Star Industries, based in Iron Mountain, Michigan. BOSS makes snowplows, salt and sand spreaders for light and medium duty trucks, ATVs, UTVs ...

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Volvo CE earnings jump 31% during 3Q despite flat sales

Posted by Wayne Grayson on October 24, 2014

Volvo CE earnings jump 31% during 3Q despite flat sales

Continued weak demand for construction equipment in China has negated sales gains in other parts of the world for the second-straight quarter at Volvo Construction Equipment. Despite the difficulties in Asia, ...

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JCB to cut 150 jobs in UK due to decline in global demand

Posted by Wayne Grayson on October 23, 2014

JCB to cut 150 jobs in UK due to decline in global demand

JCB has announced it is cutting 150 jobs, mostly at its headquarters in Staffordshire, England. According to a report from the BBC, CEO Graeme Macdonald said a "severe decline" in world markets ...

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Caterpillar profit up 8% in 3Q, beats Wall Street expectations with slight uptick in sales

Posted by Wayne Grayson on October 23, 2014

Caterpillar profit up 8% in 3Q, beats Wall Street expectations with slight uptick in sales

Caterpillar today announced an increase in both profit and sales during the third quarter, beating analyst expectations despite more declines in demand for mining equipment. The company announced profit of $1.017 ...

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A new president at Pettibone; new locations for Takeuchi, Bomag, Trimble and more in this week’s Dealer News Roundup

Posted by Amy Materson on October 22, 2014

A new president at Pettibone; new locations for Takeuchi, Bomag, Trimble and more in this week’s Dealer News Roundup

Welcome to the Dealer News Roundup, your one-stop shop for all the moves going on inside the heavy equipment distributor industry. This week’s edition includes employee promotions and location expansions ...

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PHOTOS: JLG opens new customer training center, proving grounds

Posted by Amy Materson on October 21, 2014

PHOTOS: JLG opens new customer training center, proving grounds

Classes have begun at JLG Industries’ new $2.5 million customer training center and proving grounds in McConnellsburg, Pennsylvania. Quadrupling the size of the company’s original training facility, the expansion includes a ...

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Home starts rise 6.3% in September as homebuilder confidence falls back to earth

Posted by Wayne Grayson on October 20, 2014

Home starts rise 6.3% in September as homebuilder confidence falls back to earth

The month-to-month volatility of new U.S. housing starts continued in September, while homebuilder confidence in the market saw its first dip in four months. Following a 13-percent drop in August, construction ...

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With Prop 1, Texas may break the logjam, spur innovation in highway funding

Posted by Tom Jackson on October 14, 2014

With Prop 1, Texas may break the logjam, spur innovation in highway funding

In November, Texans will go to the polls and vote on Proposition 1, which, in a nutshell, proposes to take half the money from the state's gas and oil revenues ...

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VP of New York construction firm charged with embezzling $266k in fuel, vehicles, supplies and labor

Posted by Wayne Grayson on October 13, 2014

VP of New York construction firm charged with embezzling $266k in fuel, vehicles, supplies and labor

The vice president of a Syracuse, New York, construction firm who rose through the ranks in 13 years with the company, has been charged with embezzling more than $266,000. According to ...

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Construction equipment dealer in San Antonio admits to bribing county officials, faces up to 10 years in prison

Posted by Wayne Grayson on October 10, 2014

Construction equipment dealer in San Antonio admits to bribing county officials, faces up to 10 years in prison

A construction equipment dealer in San Antonio faces up to 10 years in prison after admitting to bribing Maverick County, Texas, officials. German Garcia Cano, 54, appeared in federal court Thursday ...

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Thieves are plundering the world’s beaches for sand as global demand for concrete grows

Posted by Wayne Grayson on October 09, 2014

Thieves are plundering the world’s beaches for sand as global demand for concrete grows

Once-beautiful beaches in many parts of the world are losing their most distinctive feature at an alarming rate due to a rising demand for concrete. According to a report from German ...

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Hiring an accounting firm can save your construction company money. Here’s how to find the right one

Posted by Amy Materson on October 06, 2014

Hiring an accounting firm can save your construction company money. Here’s how to find the right one

Since many construction companies start out as just one guy with a truck and a piece of equipment or two, sometimes obtaining professional help such as accountants doesn’t come into ...

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Police bust crime ring’s year-long spree of construction site burglaries in Pennsylvania

Posted by Wayne Grayson on October 03, 2014

Police bust crime ring’s year-long spree of construction site burglaries in Pennsylvania

Several police departments in southwestern Pennsylvania worked together in bringing down a crime ring that had been stealing materials and appliances from construction jobsites in the area for more than ...

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John Deere names Max Guinn next president of Construction & Forestry equipment

Posted by Wayne Grayson on October 02, 2014

John Deere names Max Guinn next president of Construction & Forestry equipment

John Deere has named Max A. Guinn as the next president of its Worldwide Construction & Forestry equipment division. Guinn, who is currently the senior vice president of human relations, communications, ...

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Construction critical to growth of unconventional energy market

Posted by Marcia Gruver Doyle on October 01, 2014

Construction critical to growth of unconventional energy market

Construction is a key player throughout the “unconventional” oil and gas supply chain, according to a just-released study by the Energy Equipment Infrastructure Alliance, and conducted by IHS Global Insight. The ...

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Construction spending dips 0.8% in August due to fall in nonresidential

Posted by Wayne Grayson on October 01, 2014

Construction spending dips 0.8% in August due to fall in nonresidential

U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary ...

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Impressive level of quality combined with a passion for his people keep Dallas contractor at the top of his field

Posted by Amy Materson on October 01, 2014

Impressive level of quality combined with a passion for his people keep Dallas contractor at the top of his field

After Vern Larman returned to the Dallas area from a two-year stint as a missionary in Bolivia, he found he had a passion and expertise for excavation. During his five ...

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It’s time for contractors to start financial planning for 2015. Here are 3 tips to get you started

Posted by Amy Materson on September 29, 2014

It’s time for contractors to start financial planning for 2015. Here are 3 tips to get you started

Now that the construction busy season is winding down, it’s time to turn your attention to those housekeeping tasks you need to do each year in the fourth quarter. You ...

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PCA forecasts steady growth for cement consumption through 2016 as construction activity increases

Posted by Wayne Grayson on September 25, 2014

PCA forecasts steady growth for cement consumption through 2016 as construction activity increases

According to the latest forecast from the Portland Cement Association (PCA), cement consumption in the U.S. will see steady gains over the next three years. As far back as the World ...

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Ohio DOT’s first P3 construction project will be largest in state’s history

Posted by Wayne Grayson on September 24, 2014

Ohio DOT’s first P3 construction project will be largest in state’s history

The Portsmouth Gateway Group is set to begin building the largest single construction project the Ohio Department of Transportation (ODOT) has ever seen. According to a news release from the ODOT, construction ...

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