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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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New ARTBA awards program to honor construction firms who serve their communities

Posted by Amy Materson on September 19, 2014

New ARTBA awards program to honor construction firms who serve their communities

Construction firms intent on giving back to their communities may now be honored for their good works. The Transportation Development Foundation, an American Road and Transportation Builders Association foundation that promotes ...

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Home starts dive 14.4% in August but homebuilder confidence rises to nearly 9-year high

Posted by Wayne Grayson on September 18, 2014

Home starts dive 14.4% in August but homebuilder confidence rises to nearly 9-year high

Another down month in August continued what has been a very up-and-down year for construction of new homes in the U.S., largely thanks to the volatility of new apartment starts. Despite ...

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Road builders, construction groups oppose bill to lower gas tax, surrender federal highway authority to states

Posted by Equipment World Staff on September 18, 2014

Road builders, construction groups oppose bill to lower gas tax, surrender federal highway authority to states

Construction groups and transportation interests have written Congress to express opposition to the so-called “devolution” of the federal highway program and the proposed Transportation Empowerment Act. The bill, introduced in the ...

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3 tips for boosting employee relations at your construction company

Posted by Amy Materson on September 17, 2014

3 tips for boosting employee relations at your construction company

For construction company owners and supervisors, managing a team can be tricky. Often there’s a distinct separation between “in the field” and “in the office”—a situation that can create opportunities ...

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BlueLine Rental acquires Alabama’s JustRuss Rental

Posted by Wayne Grayson on September 17, 2014

BlueLine Rental acquires Alabama’s JustRuss Rental

BlueLine Rental, formerly Volvo rents,  is growing its presence in the state of Alabama. The small- to medium-sized construction rental equipment provider announced the acquisition of JustRuss Rental Inc. JustRuss is ...

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Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery

Posted by Wayne Grayson on September 10, 2014

Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery

Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction's direction. According to a report from Bloomberg, Greenspan, who served as chairman of ...

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Tesla gigafactory will create 3,000 construction jobs in Nevada

Posted by Wayne Grayson on September 10, 2014

Tesla gigafactory will create 3,000 construction jobs in Nevada

Tesla, the successful and growing American electric car company, has tapped Reno, Nevada as the site of its massive $5 billion gigafactory where it will make batteries for its vehicles. To ...

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Don’t mistake our Contractor of the Year program as just another giveaway

Posted by Marcia Gruver Doyle on September 08, 2014

Don’t mistake our Contractor of the Year program as just another giveaway

Yes, our 12 finalists get a free weekend in Las Vegas. And it’s true they get VIP treatment from sponsor Caterpillar at the NASCAR Las Vegas race: tent hospitality, driver ...

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Construction industry extends employment streak, adds 20,000 jobs in August

Posted by Wayne Grayson on September 05, 2014

Construction industry extends employment streak, adds 20,000 jobs in August

The U.S. construction industry extended its streak of job gains in August, adding 20,000 workers. It was the eighth-straight month of gains for the industry which now employs 6.068 million Americans—the ...

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Majority of skilled construction workers who lost jobs in wake of the recession have been rehired, but many are being paid less

Posted by Wayne Grayson on September 03, 2014

Majority of skilled construction workers who lost jobs in wake of the recession have been rehired, but many are being paid less

As the U.S. construction industry faces a shortage of skilled labor, a new government study finds that the majority of skilled workers who lost their jobs in the wake of ...

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Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July

Posted by Wayne Grayson on September 02, 2014

Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July

After seeing its first drop in one year during June, construction spending in the U.S. fully recovered and then some in July, with its largest monthly gain in more than ...

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Zeal for diversification, taking care of fleet key to Wm. Winkler Company’s success

Posted by Marcia Gruver Doyle on September 01, 2014

Zeal for diversification, taking care of fleet key to Wm. Winkler Company’s success

"We love to do anything that involves concrete,” says Brian Winkler, 47, president of Wm. Winkler Company.  In fact, concrete has been Wm. Winkler Company’s material of choice since Brian’s grandfather ...

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Our 2015 Contractor of the Year contest is open for entries

Posted by Marcia Gruver Doyle on August 28, 2014

Our 2015 Contractor of the Year contest is open for entries

Equipment World’s Contractor of the Year program—which  honors the forward thinkers, high achievers and just plain good people in construction—is now open for entries. Each year, the editors of Equipment World ...

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