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Business: Page 100
Business
Hyundai spins off Construction Equipment division as new company
Hyundai Heavy Industries announced Wednesday that it has spun off its Construction Equipment division as a new company, Hyundai Construction Equipment Co., Ltd. The spin off took effect April 1st and is based on a restructuring plan that Hyundai reports began last year. The company says the move “offers great possibilities and improved agility.” Parent company Hyundai […]
April 19, 2017
Business
U.S. home starts fall 6.2% in March
Construction on new homes in the U.S. fell in March with declines ing both single- and multi-family starts. Total home starts fell 6.8 percent to a seasonally-adjusted annual rate of 1.215 million, according to preliminary data from the Commerce Department. Total starts remain 9.2 percent above the March 2016 figure. Single-family starts fell 6.2 percent to […]
April 19, 2017
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February 1, 2026
Roadbuilding
Finley Asphalt purchases Mid-Atlantic Paving & Sealing
Finley Asphalt & Concrete, based in Virginia, has purchased Mid-Atlantic Paving & Sealing, a move that extends Finley’s service area from Baltimore, Maryland, to Richmond, Virginia. This is Finley’s first acquisition in its 52-year history. It was founded in Fairfax, Virginia, in 1965 by Lonnie Finley. Eric and Lewis Finley took over in 1990 and […]
April 19, 2017
Dealers
Business Roundup: Construction jobs up; Altorfer Inc. adds Thunder Creek products; C.N. Wood to carry Terramac; Crafco buys Crafco Texas; OSHA delays silica rule
Construction adds 6,000 jobs in March Though the increase wasn’t as substantial as the two months that preceded it, the U.S. construction industry notched a seventh straight month of jobs expansion in March. The industry now employs 6.882 million Americans, a 2.6-percent increase over the March 2016 figure, according to preliminary data from the Labor Department. […]
April 18, 2017
Business
Can Trump’s wall be built? Will it be effective? Should you bid? No, no and no. Here’s why.
As of last week, more than 700 companies had responded to the Customs and Border Patrol agency’s request for proposals on building President Trump’s wall between Mexico and the United States. Early cost estimates for the 1,300 mile long wall run around $38 billion—the single most expensive infrastructure project ever undertaken in the U.S. The […]
April 12, 2017
Business
OSHA delays silica rule, says more time needed for outreach, education and guidance
With not much more than two months to go, the Occupational Safety and Health Administration is putting the brakes on its crystalline silica standard for the construction industry. Enforcement of the rule (OSHA 1926.1153 Respirable Crystalline Silica Standard) was scheduled to take effect June 23. OSHA will delay that date to September 23.  The ruling […]
April 10, 2017
Roadbuilding
Trump stresses need for reduced regulatory steps for infrastructure projects
In two separate presentations April 4, President Donald Trump stressed the need for reduced regulatory steps required for infrastructure projects in order to fast track needed repairs to bridges and roads across the country. Speaking at the CEO Town Hall on Unleashing American Business, Trump revealed a chart his staff created showing the number of […]
April 6, 2017
Mergers & Acquisitions
Acquisition complete, Joy Global is now Komatsu Mining Corp.
Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Citing a belief that the mining industry will see a long-term rebound driven by increased demand for larger equipment in surface mining and further development of underground mining, Komatsu first announced the $3.7 billion deal in July 2016. Though […]
April 5, 2017
Business
Hard Hat High: How to protect your construction company from substance abuse (PART 2)
Editor’s Note: This is part two of a two-part series. To read part one, click here. There is a story still told in the Savannah, Georgia, business community about the time equipment manufacturer JCB held a job fair for prospective employees. When the eager prospects assembled in the company’s new glass foyer were informed that […]
April 3, 2017
Business
Construction spending up 0.8% in February
U.S. construction spending rose 0.8 percent in February on gains in the residential market. Total spending rose to a seasonally adjusted annual rate of $1.2 trillion, a 3-percent improvement over the year-ago figure, according to preliminary data from the Commerce Department. Private homebuilding rose 1.8 percent during the month to a rate of $485 billion and […]
April 3, 2017
Roadbuilding
Dynapac NA names Larranaga as VP of finance & administration
Dynapac North America has named Shellie Larranaga as vice president of finance and administration for the road construction equipment company. She begins her new position April 1, and will be responsible for “building and adapting” business practices for operations in the U.S., Canada, Mexico, Central America and the Caribbean. She previously served as vice president […]
March 24, 2017
Dealers
With shift in contractor demand, rent-to-rent should be part of every equipment dealer’s mix
In the early 2000s, an Associated Equipment Dealers (AED) meeting featured a contractor panel where the moderator delved into the then relatively-new, much-discussed topic of rentals. When one of the contractors on the panel declared, “I don’t rent,” my jaw dropped at the response by some dealers in the audience: they clapped. Another AED meeting, […]
March 21, 2017
Dealers
Ritchie Bros. breaks record at Fort Worth auction with more than $75 million in sales
Ritchie Bros. reports its Fort Worth, Texas, auction March 15-16 broke records for the location in sales, number of bidders, sellers and lots. The company reports sales of more than $75 million, 5,675 online and in-person bidders, and more than 6,250 pieces of equipment and trucks sold. Ninety-two percent of the purchase value ($69 million) […]
March 20, 2017
Business
Chris Ryan inducted into AEMP Hall of Fame
Anybody who has been around the Association of Equipment Management Professionals in the past three decades probably knows Chris Ryan, if for no other reason than his enormous moustache. But Ryan is also well known for the leadership role he’s taken in everything from the group’s board of directors and executive committee to his role […]
March 16, 2017
Dealers
Caterpillar, Holt Cat investment arms award funding to 3 industrial startups at SXSW
Holt Ventures, the investment arm of dealer Holt Caterpillar, along with Caterpillar Ventures, Brick & Mortar Ventures and Cottonwood Technology Fund, selected three winners in the Industrial Technology Pitch Competition held at the South by Southwest Startup Village March 14 in Austin, Texas. The group of investment firms held the competition to find award startups […]
March 15, 2017
Dealers
Rental Show 2017 sees highest attendance in more than a decade
The 2017 Rental Show, held  in Orlando, had its highest total attendance since 2006 at 11,648. The show also and had nearly 6,300 rental business attendees, also the highest number since 2006, according to the American Rental Association (ARA), which puts on the show. Extending to 16 years, the number of rental business represented by attendees, at […]
March 14, 2017
Business
South Carolina’s Chipley Company named 2017 Contractor of the Year
Roy Chipley, owner of the Chipley Company in Florence, South Carolina, was named Equipment World’s 2017 Contractor of the Year at ceremonies in Las Vegas on Saturday. In 1995, Chipley walked away from from a successful career with Lockheed Martin—where he worked on space shuttle missions with NASA and later asset deployment with the Defense Department—to […]
March 13, 2017
Roadbuilding
Acrete is a new concrete made from fly ash engineered to be lighter, stronger
Jinhong Zhang, an associate professor of mining and geological engineering at the University of Arizona’s (UA) College of Engineering, has developed a substitute for concrete, according to a university press release. The new material is made almost completely from fly ash and is said to be lighter, stronger and less expensive to produce than concrete. “Once the […]
March 6, 2017
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