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Interchange projects in Norman amount to Oklahoma DOT’s largest awarded contract ever

Posted by Wayne Grayson on December 18, 2014

Interchange projects in Norman amount to Oklahoma DOT’s largest awarded contract ever

The reconstruction of two interchanges on Interstate 35 in Norman has generated the single largest construction contract ever awarded by the Oklahoma Department of Transportation. The department awarded the contract to ...

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Home starts fall 1.6% in November as builder confidence slips

Posted by Wayne Grayson on December 16, 2014

Home starts fall 1.6% in November as builder confidence slips

The rate of construction on new single family homes fell in November and with it went the rate of all U.S. home starts for the month. Construction on single- and multi-family ...

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Congress passes $1.1 trillion spending bill; cuts $5 billion from federal construction accounts

Posted by Wayne Grayson on December 15, 2014

Congress passes $1.1 trillion spending bill; cuts $5 billion from federal construction accounts

Two days after the legislation was passed by a tight vote in the House, the Senate passed a $1.1 trillion spending bill Saturday night that includes both good and bad ...

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Alabama has no plans to raise gas tax; state will rely on next year’s bond issue for road projects

Posted by Marcia Gruver Doyle on December 15, 2014

Alabama has no plans to raise gas tax; state will rely on next year’s bond issue for road projects

Gov. Robert Bentley says he has no plans to ask the Alabama legislature to raise the state’s 16-cent-per-gallon gas tax, responding to emailed questions submitted by The Tuscaloosa News. Instead, ...

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2014 bonus depreciation expected to pass; applies to construction equipment bought and put in service by Dec. 31st

Posted by Marcia Gruver Doyle on December 12, 2014

2014 bonus depreciation expected to pass; applies to construction equipment bought and put in service by Dec. 31st

Just in the nick of time, contractors may once again this year be able to take advantage of a 50 percent bonus depreciation in new equipment purchases, a tax code ...

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Blind spider inflates San Antonio highway project cost by $30 million

Posted by Wayne Grayson on December 12, 2014

Blind spider inflates San Antonio highway project cost by $30 million

A construction project at one of San Antonio's most congested areas of traffic that has been delayed for the past two years has transformed and nearly tripled in cost due ...

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Arson suspected in gigantic fire that destroyed apartment complex under construction in downtown Los Angeles (VIDEO)

Posted by Wayne Grayson on December 10, 2014

Arson suspected in gigantic fire that destroyed apartment complex under construction in downtown Los Angeles (VIDEO)

Police and fire officials in Los Angeles have opened a criminal investigation into a massive fire that broke out early Monday morning, engulfing an entire city block and destroying most ...

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Construction adds 20,000 workers in November, but unemployment rises

Posted by Wayne Grayson on December 08, 2014

Construction adds 20,000 workers in November, but unemployment rises

With an addition of 20,000 workers during November, the U.S. construction industry added employees to its workforce for an 11th consecutive month. The industry now employs 6.109 million Americans, according to ...

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Cummins reveals striking glass and steel design for its new downtown Indianapolis office

Posted by Wayne Grayson on December 04, 2014

Cummins reveals striking glass and steel design for its new downtown Indianapolis office

Cummins has revealed the design for its new Indianapolis office which will be located in the city's Market East cultural district. The 10-story office building will serve as the headquarters for ...

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Sibling dynamic builds Guyer Brothers into successful company with a family atmosphere

Posted by Wayne Grayson on December 04, 2014

Sibling dynamic builds Guyer Brothers into successful company with a family atmosphere

When talking with successful contractors, you often hear them credit the people that work for them. There’s a reason for that. Most people in this business understand that their success ...

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Best of the Best: Here are the 12 finalists in our 2015 Contractor of the Year awards

Posted by Marcia Gruver Doyle on December 03, 2014

Best of the Best: Here are the 12 finalists in our 2015 Contractor of the Year awards

Equipment World announces its 2015 finalists for the Contractor of the Year program, now in its 15th year. Each of the 12 finalists will be the guest of program sponsor Caterpillar ...

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Ritchie Bros. 3Q auction proceeds up, revenues down; announces management, structure changes

Posted by Marcia Gruver Doyle on December 03, 2014

Ritchie Bros. 3Q auction proceeds up, revenues down; announces management, structure changes

Ritchie Bros. says it saw a record third quarter in gross auction proceeds, posting $886.9 million for the period, up 12 percent compared to last year. The company says it ...

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Construction spending up 1.1% in October due to gains in homebuilding, government nonresidential

Posted by Wayne Grayson on December 02, 2014

Construction spending up 1.1% in October due to gains in homebuilding, government nonresidential

U.S. construction spending rose 1.1 percent during the month of October due mainly to increases in homebuilding and government nonresidential projects. According to preliminary estimates from the Commerce Department, October construction spending was ...

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John Deere makes huge gains in construction equipment sales during 2014, but ag slowdown brings full-year profit down 11%

Posted by Wayne Grayson on December 01, 2014

John Deere makes huge gains in construction equipment sales during 2014, but ag slowdown brings full-year profit down 11%

After smashing earnings records in 2013, three straight down quarters due to a global farming slowdown resulted in an unfavorable fiscal 2014 for John Deere, and the company expects things ...

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Terex Construction launches new website and app, plus new locations for Liebherr and JCB in this week’s Dealer News Roundup

Posted by Wayne Grayson on December 01, 2014

Terex Construction launches new website and app, plus new locations for Liebherr and JCB 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 a redesigned Terex website and ...

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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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