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Business: Page 100
Business
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. The company became known as “Genie,” derived from the “magic in a bottle” theme around the compressed air, which was used to raise and lower […]
March 29, 2016
Business
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 manufacturers dropped 16.2 percent to $133 billion. KHL says these are the lowest revenues reported in the table since 2009, when the industry saw […]
March 28, 2016
Sponsor Content
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February 1, 2025
Business
AEMP names public and private fleet 2016 Technicians of the Year
The Association of Equipment Management Professionals named its Technicians of the Year last week at the organization’s 34th Management Conference and Annual Meeting in Houston, Texas. Taking the top honor for private sector fleets was Christopher (Chippy) Flood, of the Pennsylvania-based Glenn O. Hawbaker company. Dave Irwin, shop supervisor at Hawbaker said, “Chris has the […]
March 25, 2016
Business
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 made by an affiliate of Stellex Capital Management with plans to “significantly expand” the company. Stellex has no plans to relocate the company from […]
March 22, 2016
Business
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, the current VP of Parts and Service at parent company CNH Industrial, as Hasler’s replacement. Harris has been with CNH since 2006 and has […]
March 21, 2016
Business
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 annual rate of 1.178 million during February representing a 31-percent increase over the February 2015 figure, according to the National Association of Home Builders […]
March 17, 2016
Roadbuilding
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 will go into effect July 1 with current Sandvik Mining president Lars Engstrom taking over as the inaugural president of Sandvik Mining and Rock Technology. […]
March 17, 2016
Business
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 have increased their equipment rentals. Whether it was selling off much of their fleet to stay lean and mean during the recession or using rental […]
March 16, 2016
Business
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 on the books,— has served him well. After high school in Atascadero, California, Brown apprenticed with the Operating Engineers Local 12 and worked for Granite […]
March 16, 2016
Business
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 50 percent for property placed in service during 2015, 2016 and 2017, then phases down to 40 percent in 2018 and 30 percent in […]
March 10, 2016
Success Stories
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 civil and mountain ski infrastructure work out of Jeffersonville, Vermont, received some of the highest client recommendations that Equipment World editors had heard in […]
March 8, 2016
Business
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 from the Labor Department. The latest data also revised January’s total, decreasing it from 6.615 million to 6.612 million, weakening that month’s job gains […]
March 7, 2016
Business
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 data from the Commerce Department. The jump came thanks to a 2.5-percent increase in nonresidential spending to $702 billion. The largest monthly nonresidential gains in terms […]
March 2, 2016
Roadbuilding
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 that they would no longer perform work on the $100 million Independence Avenue widening project. The company claims NCDOT owes them money for the project. […]
February 29, 2016
Roadbuilding
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 by Gov. Michael Pence, Attorney General Gregory Zoeller and Brooks Construction President Andrew Brooks, is the result of INDOT’s complaint last year of “material deficiencies” […]
February 29, 2016
Business
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 a report from Reuters, the IPO could value Doosan Bobcat, the Doosan Infracore subsidiary which controls the Bobcat Company, at more than $2 billion. The […]
February 26, 2016
Business
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 1Q sales of $5.5 billion, down 13 percent from the same period last year. Profit fell 40 percent to $254.4 million. The global farming […]
February 25, 2016
Roadbuilding
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 year, and will give them a break at the pump. The Associated Press reported that the California Board of Equalization voted 3-2 Tuesday to lower the […]
February 25, 2016
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