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Stockpile Reports launches bin and bunker measurement for stockpiled materials via iPhone, drone

Posted by Chris Hill on February 03, 2016

Stockpile Reports launches bin and bunker measurement for stockpiled materials via iPhone, drone

Stockpile Reports announced at World of Concrete it now supports measurement capabilities for stockpiled materials, such as salt, gravel and sand, in bins and bunkers using an iPhone, drone or ...

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PCA, Wells Fargo 2016 construction forecasts: positives outweigh negatives

Posted by Marcia Gruver Doyle on February 02, 2016

PCA, Wells Fargo 2016 construction forecasts: positives outweigh negatives

Two construction activity forecasts issued today cite positive short term outlooks, while indicating concerns for long-term sustained growth. PCA will likely adjust its fall forecast to “at most” a 5 percent ...

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Chinese, mining demand drags down Komatsu sales as profit falls 11% in first 9 months of the year

Posted by Wayne Grayson on February 02, 2016

Chinese, mining demand drags down Komatsu sales as profit falls 11% in first 9 months of the year

Komatsu says its sales are brisk in North America but continued difficulty with slack demand for equipment from Chinese customers and customers in the mining industry continue to drag down ...

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Construction spending jumps 10% to 8-year high in 2015

Posted by Wayne Grayson on February 02, 2016

Construction spending jumps 10% to 8-year high in 2015

Gains in homebuilding edyed out losses in nonresidential spending, propelling total U.S. construction spending to an eight-year high in December. Total spending rose 0.1 percent during the month to $1.1 trillion, according ...

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Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan

Posted by Wayne Grayson on February 01, 2016

Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan

As part of the company's cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round of layoffs with cuts affecting five facilities around the U.S. According ...

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Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Posted by Wayne Grayson on January 28, 2016

Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Despite slashing its sales outlook in tandem with an October announcement of a sweeping cost reduction plan, Caterpillar's full-year sales still fell below that most recent forecast after sales fell $3 billion year over ...

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Judge throws out ICP’s antitrust suit against Caterpillar, Komatsu and Volvo CE

Posted by Wayne Grayson on January 25, 2016

Judge throws out ICP’s antitrust suit against Caterpillar, Komatsu and Volvo CE

A lawsuit filed against three of the largest manufacturers of construction equipment alleging that they worked together to limit competition from Chinese manufacturers has been thrown out of federal court. According to ...

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December dip in home starts doesn’t derail market’s momentum, but concerns remain

Posted by Wayne Grayson on January 21, 2016

December dip in home starts doesn’t derail market’s momentum, but concerns remain

Despite ending the year on an unexpected sour note, the U.S. housing market had its best year since 2007 in 2015. According to preliminary data released from the Commerce Department, U.S. ...

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From digging graves as a boy to relocating a construction business during the recession, Tim Humerick built a career staring down the odds

Posted by Wayne Grayson on January 18, 2016

From digging graves as a boy to relocating a construction business during the recession, Tim Humerick built a career staring down the odds

Tim Humerick has spent little of his life doing things he didn’t want to do. There was the one time he got a job in high school at Kroger that lasted ...

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Johnson to replace Rapp as president of Caterpillar’s Resource Industries group

Posted by Wayne Grayson on January 15, 2016

Johnson to replace Rapp as president of Caterpillar’s Resource Industries group

The Caterpillar board of directors has elected Denise Johnson as the next group president for Resource Industries. Johnson will replace Ed Rapp who last month announced his plans to retire due ...

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As smartphones, tablets become more necessary on jobsites, more contractors plan to increase IT spending

Posted by Wayne Grayson on January 14, 2016

As smartphones, tablets become more necessary on jobsites, more contractors plan to increase IT spending

Though the adoption of technology among U.S. construction firms has been somewhat disappointing in the past, there does appear to be an uptick occurring as mobile devices such as smartphones ...

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John Deere elects Intel CEO Brian Krzanich to its board of directors

Posted by Wayne Grayson on January 13, 2016

John Deere elects Intel CEO Brian Krzanich to its board of directors

Brian Krzanich, the chief executive officer of technology giant Intel, has been elected to the Deere & Company board of directors. The addition of Krzanich is a huge get for Deere ...

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Contractors tell AGC worker shortage remains their top concern despite half having already increased base pay

Posted by Wayne Grayson on January 12, 2016

Contractors tell AGC worker shortage remains their top concern despite half having already increased base pay

As we reported yesterday, a majority of construction firms in the U.S. are optimistic about 2016 volumes and plan to hire more workers to meet likely increased demand. But their optimism ...

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Nearly 2/3 of U.S contractors plan to hire in 2016 due to optimism in several markets, AGC study finds

Posted by Wayne Grayson on January 11, 2016

Nearly 2/3 of U.S contractors plan to hire in 2016 due to optimism in several markets, AGC study finds

The vast majority of U.S. contractors have voiced a positive outlook for 2016 and are expecting to hire more workers to meet demand, according to a new survey from the ...

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Construction adds 45,000 jobs in December to finish 2015 up 4%

Posted by Wayne Grayson on January 08, 2016

Construction adds 45,000 jobs in December to finish 2015 up 4%

Finishing 2015 with a ninth-consecutive month of employment gains, the U.S. construction industry added 45,000 employees to its workforce in December. The industry now employs 6.538 million Americans, the highest mark ...

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Why an error in the Commerce Department’s construction spending calculation is actually good news

Posted by Wayne Grayson on January 05, 2016

Why an error in the Commerce Department’s construction spending calculation is actually good news

The Commerce Department has announced a revision to 10 years worth of construction spending estimates, correcting a calculation error that will likely lead to a boost in the GDP. “In the November 2015 ...

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Caterpillar found guilty of stealing trade secrets for creation of excavator quick couplers

Posted by Wayne Grayson on January 04, 2016

Caterpillar found guilty of stealing trade secrets for creation of excavator quick couplers

Caterpillar has been ordered to pay Miller UK Ltd. nearly $74 million after being found guilty by a federal court in Chicago of stealing trade secrets in order to create its ...

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Construction spending falls 0.4% in November

Posted by Wayne Grayson on January 04, 2016

Construction spending falls 0.4% in November

Despite continued increases in single-family homebuilding, total construction spending in November dipped 0.4 percent to $1.122 trillion. Spending remains 10.5 percent above the year-ago mark, according to preliminary data from the ...

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Fluor to diversify offerings with purchase of Netherlands­-based Stork

Posted by Tom Jackson on December 21, 2015

Fluor to diversify offerings with purchase of Netherlands­-based Stork

Headquartered in Irving, Texas, construction giant Fluor Corporation is buying Stork, one of Europe's oldest industrial companies, founded in 1827. The purchase price for Stork is estimated at $755 million, for ...

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Bonus depreciation, Section 179 tax breaks extended, sent to President Obama for signature

Posted by Marcia Gruver Doyle on December 18, 2015

Bonus depreciation, Section 179 tax breaks extended, sent to President Obama for signature

Not only did the bonus depreciation and Section 179 tax breaks come through as expected, current legislation Congress just sent to President Obama extended both measures. Here’s a recap: Under current legislation, ...

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U.S. home starts up 10.5% as labor, lot costs continue to worry builders

Posted by Wayne Grayson on December 16, 2015

U.S. home starts up 10.5% as labor, lot costs continue to worry builders

The start of construction on homes in the U.S. rebounded in November with gains in both single-family and apartment construction. Following a down October, home starts were up 10.5 percent to a ...

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Caterpillar group president Ed Rapp to retire due to fight with ALS

Posted by Wayne Grayson on December 15, 2015

Caterpillar group president Ed Rapp to retire due to fight with ALS

Ed Rapp, Caterpillar president of the Resource Industries group, has announced his plans to retire due to a recent diagnosis of Amyotrophic Lateral Sclerosis (ALS). Rapp, 58, has been with the ...

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Contractors mulling lawsuit against city of New Orleans over local-hiring ordinance

Posted by Wayne Grayson on December 08, 2015

Contractors mulling lawsuit against city of New Orleans over local-hiring ordinance

City officials in New Orleans are contending with the ire of both supporters and opponents of a new law in the city that requires contractors on city jobs to hire ...

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John Deere profits fall 40% in 2015; will cut 220 workers in Moline as low equipment demand is expected to continue

Posted by Wayne Grayson on December 01, 2015

John Deere profits fall 40% in 2015; will cut 220 workers in Moline as low equipment demand is expected to continue

With decreased demand for both agriculture and construction equipment impacting the company, John Deere saw massive decreases in both profit and sales in fiscal year 2015. Deere sales fell 20 percent during the ...

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Construction spending rises 1% to 8-year high in October

Posted by Wayne Grayson on December 01, 2015

Construction spending rises 1% to 8-year high in October

Though homebuilding has been mostly responsible for the rise of construction spending over the last year, in October it was matched by nonresidential projects, a combination that boosted total spending to ...

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Intern awards showcase students who will shape construction industry’s future

Posted by Marcia Gruver Doyle on November 27, 2015

Intern awards showcase students who will shape construction industry’s future

  When contractors talk about the lack of skilled construction labor, they’re usually referencing laborers and equipment operators. But there’s another lack that is just as troubling to many of the ...

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You probably pay your operators more than the Navy pays SEALs. So why don’t you get more out of them?

Posted by Tom Jackson on November 26, 2015

You probably pay your operators more than the Navy pays SEALs. So why don’t you get more out of them?

In a recent conversation with a group of contractors the subject of operator pay came up. As is typical, the contractors thought they were paying top dollar, but often getting ...

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Announcing the 12 finalists in our 2016 Contractor of the Year awards

Posted by Marcia Gruver Doyle on November 25, 2015

Announcing the 12 finalists in our 2016 Contractor of the Year awards

We are proud to announce the 2016 finalists for our Contractor of the Year program, now in its 16th year. Sponsored by Caterpillar since 2000, the Contractor of the Year program ...

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Caterpillar to close Kentucky plant, cut 50 jobs

Posted by Wayne Grayson on November 23, 2015

Caterpillar to close Kentucky plant, cut 50 jobs

As part of the company's ongoing, extensive cost-cutting plan, Caterpillar announced over the weekend that it would close its Danville, Kentucky, facility. According to the Northern Kentucky Tribune, Cat will close the ...

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U.S. home starts fall 11% in October; builder confidence dips first time in 5 months

Posted by Wayne Grayson on November 18, 2015

U.S. home starts fall 11% in October; builder confidence dips first time in 5 months

With the start of construction on both single-family homes and apartment complexes down in October, total U.S. home starts fell 11 percent during the month. Home starts fell to a seasonally-adjusted ...

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Wisconsin contractor is a role model for the industry and his community

Posted by Amy Materson on November 17, 2015

Wisconsin contractor is a role model for the industry and his community

Although different contractors can have vastly different motivators, the successful ones all share a similar internal drive – one that spurs them on to not only provide a comfortable life ...

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Finning, world’s largest Cat dealer, to cut 1,100 jobs due to weak equipment sales

Posted by Wayne Grayson on November 17, 2015

Finning, world’s largest Cat dealer, to cut 1,100 jobs due to weak equipment sales

In the face of slumping demand, Canadian Caterpillar dealer Finning International Inc. has announced it will make significant workforce reductions to cut costs. Finning will cut approximately 1,100 employees—8 percent of ...

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Liebherr expects 2015 sales to top $10 billion; U.S. sales growth at 17.9% for first half

Posted by Marcia Gruver Doyle on November 10, 2015

Liebherr expects 2015 sales to top $10 billion; U.S. sales growth at 17.9% for first half

Speaking at a press event in England, Stefan Heissler, member of the directorate of Liebherr International, said the privately-held company expects to have sales of €9.2 billion ($10.15 billion) in ...

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Senate passes bill to block EPA’s controversial clean water rule

Posted by Bobby Atkinson on November 05, 2015

Senate passes bill to block EPA’s controversial clean water rule

The U.S. Senate has voted to block the implementation of the Environmental Protection Agency's Waters of the United States rule, according to The Hill. However, the vote doesn't mean those in the construction ...

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Continued homebuilding gains boost construction spending 0.6% in September

Posted by Wayne Grayson on November 03, 2015

Continued homebuilding gains boost construction spending 0.6% in September

Sizable gains in homebuilding again led to an increase in total U.S. construction spending in September. Construction spending increased 0.6 percent to $1.094 trillion during the month, according to preliminary data ...

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Thousands of Caterpillar employees take early retirement as cuts continue

Posted by Wayne Grayson on October 28, 2015

Thousands of Caterpillar employees take early retirement as cuts continue

As Caterpillar begins its extensive workforce cuts around the world, thousands of employees have decided to take an offer of early retirement. Since announcing a cost-cutting plan in September, Caterpillar has laid ...

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