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Onvia: Pay attention to these top government contracting hotspots

Posted by Marcia Gruver Doyle on April 07, 2016

Onvia: Pay attention to these top government contracting hotspots

Repairing aging water systems, design-build projects, and industrial and marine projects are three of the 10 fastest growing categories in government contracting, according to an analysis by government bid data ...

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Construction spending falls 0.5% in Feb. despite residential gains

Posted by Wayne Grayson on April 05, 2016

Construction spending falls 0.5% in Feb. despite residential gains

Losses in nonresidential construction wiped out gains from homebuilding as total U.S. construction spending fell 0.5 percent in February. Total spending fell to $1.14 trillion for the month but remains up ...

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Construction adds 27,000 jobs in March

Posted by Wayne Grayson on April 04, 2016

Construction adds 27,000 jobs in March

For 12 months now, the U.S. construction industry has not posted a loss in jobs. The industry added 27,000 jobs in the most recent tally for March, bringing the total number ...

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Komatsu becomes sole provider to Extreme Sandbox as equipment playground begins nationwide expansion

Posted by Wayne Grayson on March 31, 2016

Komatsu becomes sole provider to Extreme Sandbox as equipment playground begins nationwide expansion

Komatsu has inked a deal with Minnesota-based heavy equipment playground Extreme Sandbox to become that company's exclusive sponsor and equipment provider. Komatsu sees the growing company, which allows patrons to operate ...

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Genie celebrates 50th anniversary, marks milestones in personnel lift industry

Posted by Marcia Gruver Doyle on March 29, 2016

Genie celebrates 50th anniversary, marks milestones in personnel lift industry

Genie is celebrating its 50th year in business, marking its founding in 1966 when founder Bud Bushnell bought the manufacturing rights to a material lift that operated on compressed air. ...

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KHL: Global construction equipment market down 16.2%; Cat retains no. 1 spot

Posted by Marcia Gruver Doyle on March 28, 2016

KHL: Global construction equipment market down 16.2%; Cat retains no. 1 spot

Construction manufacturers across the globe have taken a hit this past year, reports European construction publisher KHL in its releasing its annual Yellow Table. Revenues for the world’s largest construction equipment ...

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Morbark acquired by private equity firm as company looks to reach “next level”

Posted by Wayne Grayson on March 22, 2016

Morbark acquired by private equity firm as company looks to reach “next level”

Morbark, makers of a wide variety of heavy equipment and attachments, has been acquired by a private equity firm. According to a Morbark release, the stock purchase of the company was ...

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Case CE’s Hasler to retire; company taps Harris as new North America VP

Posted by Wayne Grayson on March 21, 2016

Case CE’s Hasler to retire; company taps Harris as new North America VP

Case Construction Equipment North America Vice President Jim Hasler has announced his plans to retire following 34 years with the company. Hasler will step aside April 1. Case named Scott Harris, ...

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Home starts rise in February with single-family jump to 8-year high

Posted by Wayne Grayson on March 17, 2016

Home starts rise in February with single-family jump to 8-year high

Construction on single-family homes rose during February to its highest level since November 2007, pushing total U.S. home starts for the month up 5 percent. Starts rose to a seasonally adjusted ...

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Sandvik merges mining and construction operations

Posted by Bobby Atkinson on March 17, 2016

Sandvik merges mining and construction operations

Sandvik has announced that it is merging Sandvik Mining and Sandvik Construction into one business called Sandvik Mining and Rock Technology. The company announced in a press release that the new structure ...

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POLL: Are you renting more heavy equipment?

Posted by Equipment World Staff on March 16, 2016

POLL: Are you renting more heavy equipment?

As we've spoken to contractors over the last few years, especially with those who were able to keep their businesses alive during the recession, we've heard from more and more who ...

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How an equipment operator turned 1 backhoe into a business with a 30-machine fleet

Posted by Tom Jackson on March 16, 2016

How an equipment operator turned 1 backhoe into a business with a 30-machine fleet

Andy Brown didn’t grow up in construction. His parents and grandparents were successful in the restaurant business. But, what he learned from them—about hard work and keeping a close eye ...

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POLL: Do you take advantage of Bonus Depreciation for equipment purchases?

Posted by Equipment World Staff on March 10, 2016

POLL: Do you take advantage of Bonus Depreciation for equipment purchases?

With bonus depreciation extended through 2019, we were wondering just how many readers have or planned to take advantage of this legislation for equipment purchases. The current bill allows the full ...

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Vermont’s G. W. Tatro Construction named 2016 Contractor of the Year

Posted by Marcia Gruver Doyle on March 08, 2016

Vermont’s G. W. Tatro Construction named 2016 Contractor of the Year

Greg and Dawn Tatro, owners of G. W. Tatro Construction, were named Equipment World’s 2016 Contractor of the Year at ceremonies in Las Vegas this weekend. The Tatros, who perform both ...

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Construction adds 19,000 jobs in February

Posted by Wayne Grayson on March 07, 2016

Construction adds 19,000 jobs in February

The U.S. construction industry continued a now 11-month-long streak of job gains in February with the addition of 19,000 jobs. The industry now employs 6.631 million Americans, according to preliminary data ...

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Construction spending jumps 1.5% in January on nonresidential gains

Posted by Wayne Grayson on March 02, 2016

Construction spending jumps 1.5% in January on nonresidential gains

U.S. construction spending jumped 1.5 percent in January over an already 8-year high reached in December. Total spending rose to $1.14 trillion, a 10.4-percent improvement over January 2015, according to preliminary ...

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Contractor walks away from NCDOT project over payment dispute

Posted by Bobby Atkinson on February 29, 2016

Contractor walks away from NCDOT project over payment dispute

The North Carolina Department of Transportation is in search of a new contractor to finish up a nearly three-year-old project in Charlotte. According to Fox 46 in Charlotte, DeVere Construction told NCDOT ...

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Indiana DOT reaches settlement with Brooks Construction over pavement work

Posted by Chris Hill on February 29, 2016

Indiana DOT reaches settlement with Brooks Construction over pavement work

The Indiana Department of Transportation (INDOT) and Brooks Construction have agreed to a settlement requiring the contractor to repave a section of State Road 25 in Cass County. The settlement, signed ...

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Doosan to take Bobcat public on South Korean stock market

Posted by Wayne Grayson on February 26, 2016

Doosan to take Bobcat public on South Korean stock market

Earlier this week, Doosan announced that it would begin selling shares in Bobcat on the South Korean Stock Market later this year as part of an initial public offering. According to ...

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John Deere sales continue to fall as profit is cut by 40% in 1Q

Posted by Wayne Grayson on February 25, 2016

John Deere sales continue to fall as profit is cut by 40% in 1Q

John Deere saw sales decline and a sharp cut in profit for the first quarter, and in response the company has adjusted downward its outlook for the full fiscal year. Deere reported ...

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California lowers gas tax by 2.2 cents per gallon

Posted by Bobby Atkinson on February 25, 2016

California lowers gas tax by 2.2 cents per gallon

While states like Missouri, Alabama and Mississippi are considering raising their gas taxes to better fund infrastructure, California's tax board recently decided that its residents paid too much for gas last ...

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Another Caterpillar VP retires with company’s consolidation of Electric, Marine power divisions

Posted by Wayne Grayson on February 24, 2016

Another Caterpillar VP retires with company’s consolidation of Electric, Marine power divisions

Caterpillar announced today the retirement of another vice president as the company continues implementing changes associated with its sweeping cost reduction plan. Electric Power Division VP Steve Niehaus has "elected to ...

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How this Utah contractor went from the aquarium business to building a construction company

Posted by Wayne Grayson on February 24, 2016

How this Utah contractor went from the aquarium business to building a construction company

The look of the family business has changed a great deal for the Fellers of St. George, Utah. But since 1980 there has been one constant: rock. Allen Feller started Feller ...

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Ritchie Bros. buys online equipment listing service Mascus

Posted by Wayne Grayson on February 23, 2016

Ritchie Bros. buys online equipment listing service Mascus

Heavy equipment auctioneer Ritchie Bros. has acquired online equipment listing service Mascus in an all-cash deal. Ritchie Bros. says it has paid €24.0 million ($26.6 million) for 100 percent equity in Mascus and ...

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ARA’s Rental Penetration Index down slightly in 2015 despite “robust” non-residential market

Posted by Marcia Gruver Doyle on February 22, 2016

ARA’s Rental Penetration Index down slightly in 2015 despite “robust” non-residential market

The American Rental Association’s Rental Penetration Index, which has been on a steep incline in the past five years, saw its first downward movement in 2015, says ARA. The decrease ...

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U.S. home starts fall 3.8% in January as builders remain conflicted about market’s prospects

Posted by Wayne Grayson on February 17, 2016

U.S. home starts fall 3.8% in January as builders remain conflicted about market’s prospects

U.S. home starts fell for a second consecutive month in January as builder confidence in the market continued its decline. Construction on new homes fell 3.8 percent in January to a seasonally ...

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USDOT $98.1 billion fiscal year 2017 budget includes clean transportation, autonomous vehicle pilot funds

Posted by Chris Hill on February 11, 2016

USDOT $98.1 billion fiscal year 2017 budget includes clean transportation, autonomous vehicle pilot funds

Transportation Secretary Anthony Foxx has announced President Obama’s $98.1 billion fiscal year 2017 budget for the U.S. Department of Transportation, a plan that includes clean transportation and autonomous vehicle pilot ...

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NAPA names Walsh & Kelly President Kevin Kelly as 2016 chairman

Posted by Chris Hill on February 10, 2016

NAPA names Walsh & Kelly President Kevin Kelly as 2016 chairman

Kevin Kelly, president and CEO of Indiana-based paving contractor Walsh & Kelly, took over as chairman of the National Asphalt Pavement Association (NAPA) at the group’s 61st annual meeting in ...

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Volvo CE doubles operating income in 2015 despite sales decline

Posted by Wayne Grayson on February 09, 2016

Volvo CE doubles operating income in 2015 despite sales decline

Despite a decrease in sales during 2015, Volvo Construction Equipment managed a huge improvement in operating income for the year thanks to market share gains and strong performance in North ...

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Construction adds 28,000 jobs in January

Posted by Wayne Grayson on February 08, 2016

Construction adds 28,000 jobs in January

The U.S. construction industry continued its streak of employment gains in January, adding 28,000 jobs. The industry now employs 6.615 million Americans, the highest total since December 2008's total of 6.701 ...

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Obama proposes $10-per-barrel tax on oil production to fund green infrastructure

Posted by Bobby Atkinson on February 04, 2016

Obama proposes $10-per-barrel tax on oil production to fund green infrastructure

President Barack Obama is aiming to implement more measures to combat climate change, and this time he's eyeing oil companies to foot the bill. The Hill reported that the White House announced Obama will propose with ...

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CNH Industrial sales drop 20% in 2015 as profit is cut in half

Posted by Wayne Grayson on February 03, 2016

CNH Industrial sales drop 20% in 2015 as profit is cut in half

An expanding European truck market was the lone bright spot in CNH Industrial's full-year earnings report for 2015 as sales across each of the company's segments fell. The company, manufacturer of the ...

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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 edged 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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