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Business: Page 104
Business
Construction firms paying their bills earlier the latest indicator of U.S. industry’s strength
Calling the findings evidence of a clear “upswing” in the U.S. construction industry, a U.K.-based credit reporting agency says American construction firms are, on average, paying their bills earlier than they were last time. According to a report from the Wall Street Journal, Creditsafe Inc. assessed roughly 1.7 million U.S. construction firms and found that they […]
October 12, 2015
Business
Caterpillar to cut 230 workers in East Peoria; may move Joliet parts production to Mexico
The first workforce cuts of Caterpillar’s recently announced, extensive cost-cutting plan will come at the company’s East Peoria, Illinois plant. According to a report from the Peoria Journal Star, Cat will lay off 230 employees in East Peoria. The announcement came days after the company announced that it would cut as many as 10,000 jobs from its global workforce […]
October 7, 2015
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June 27, 2025
Business
Spreading his love for the work has been key to this California excavation contractor’s success
Although a star football player in high school, Dave Spurr had the sense to realize that only a rare few ever rise to the top in that profession. When he looked around at where he might make his mark, construction seemed a good bet. Out of high school, Spurr built houses, drove the water truck […]
October 6, 2015
Business
Ditch Witch, Vermeer team up with Ericsson to recruit horizontal directional workers to meet massive telecom fiber needs
In an effort to meet massive telecom fiber construction needs, telecom services provider Ericsson is joining with Ditch Witch and Vermeer to create a template to recruit, train and deploy multiple trenchless crews in major metropolitan areas across the United States. The companies made the joint announcement this morning at the ICUEE trade show in […]
September 30, 2015
Business
Ditch Witch sees double-digit growth this year as market for 30,000-pound-and-below drills grows
“The utility markets inside the United States are extremely strong, and we’ve seen our sales up by double digits,” said Dennis Wierzbicki, who took the helm of the Ditch Witch brand nine months ago. The primary drivers: home and utility construction. “We see both being very strong though 2016,” Wierzbicki added. “We’re excited about the […]
September 29, 2015
Business
Caterpillar mining VP retires amid leadership shakeup
Chris Curfman, the chief mining executive at Caterpillar, will retire at the end of the year, ending a more than 20-year career at the company. Caterpillar announced the move this week amid big changes for the company, including a massive $1.5 billion cost reduction plan and a restructuring of leadership within the Mining Sales and Support Division, […]
September 25, 2015
Business
Caterpillar plans up to 10,000 job cuts as part of extensive $1.5 billion cost reduction plan
In the midst of a third straight year of down sales and revenues, Caterpillar has announced further cost cutting and restructuring in order to lessen the impact of what will likely be off a fourth-straight down year in 2016—a first in the company’s nearly century-long history. Planning large workforce cuts and the consolidation and closures of its […]
September 24, 2015
Roadbuilding
Reclaimed and recycled asphalt : Where is the payoff?
End users of reclaimed asphalt pavement (RAP) and recycled asphalt shingles (RAS) in asphalt mixes – both contractors and government agencies – are benefiting from the lower raw material prices that the bituminous and mineral reclaimed products bring to the table. Those components – which are 100 percent recyclable – replace virgin materials used in […]
September 21, 2015
Business
Shortage drives cost of glass panels used in skyscrapers, apartments up 30%
While most of the talk revolving around increased cost and delays due in the U.S. construction industry pertains to the industry’s rising shortage of skilled workers, there’s another shortage currently taking a fairly hefty toll on the builders of the nation’s tallest buildings. According to a report from the Wall Street Journal, a shortage of glass […]
September 21, 2015
Business
Home starts drop 3% in August; builder confidence still on the rise
U.S. home starts were down in August with decreases in both single-family and apartment homes. The start of construction on new homes fell 3 percent during the month to a seasonally adjusted annual rate of 1.126 million, according to preliminary data from the Commerce Department. The new data also revised the July rate downward, from the […]
September 18, 2015
Business
Economists hail construction as strongest sector of U.S. economy
With construction spending at a 7-year high, single-family home starts up 19 percent year over year, and hiring at pre-recession highs despite a widespread shortage of skilled workers, it’s no secret within the industry that things have picked back up and then some. And though financial analysts have largely taken a wait-and-see approach before hailing the […]
September 16, 2015
Business
Number of construction firms reporting shortage of skilled workers rises to 86%
The construction industry’s shortage of skilled workers has only gotten worse in the last year, according to the latest national survey of firms conducted by the Associated General Contractors of America. Surveying 1,358 contractors, the AGC study found that 86 percent are struggling to fill salaried professional positions and find enough hourly skilled, or craft, […]
September 15, 2015
Roadbuilding
Allan Myers expands with purchase of new assets, including 2 asphalt plants
Heavy civil construction and materials company Allan Myers has expanded their presence in the Northeast with the purchase of new assets in the region. Allan Myers announced in a press release that the company had purchased major assets from Daisy Construction and Edgemoor Materials, including two new hot-mix asphalt plants in Elkton, Maryland, and Wilmington, Delaware. […]
September 11, 2015
Business
Company focused on construction staffing and skills training opens in Alabama
A new company focused on training up skilled construction workers opened its doors recently in Alabama. Wright Way held its ribbon cutting ceremony August 21 in Birmingham. The new company’s emphasis is welding training but the center will work to train up and place students in a number of positions in the construction, maintenance and […]
September 9, 2015
Business
John Deere to cut 180 workers in response to low demand for equipment
John Deere has announced that it will lay off a combined 180 workers across two Illinois manufacturing facilities. According to a report from the Waterloo Cedar Falls Courier, the company is laying off 150 workers at its East Moline Harvester Works facility and and another 30 workers at its Davenport Works facility. According to the Deere website, […]
September 8, 2015
Business
Construction adds 3,000 jobs in August
Though hiring has certainly slowed over the summer months, the construction industry continued to add new workers rather than lose them in August. Construction added 3,000 new workers during the month and now employs 6.388 million Americans, according to preliminary data from the Labor Department. The new data also revised upward the employment figure for July from the previously […]
September 4, 2015
Roadbuilding
How to grow your paving business
Project referrals are like gold to a contractor. Who better than a satisfied customer to sell your capabilities to a new client? While no one can argue the benefit of word-of-mouth business, a paving company can only increase sales so far using this method before growth tapers off. “Businesses stop growing because contractors don’t master […]
September 3, 2015
Business
Rigid equipment strategy, social media parts of the formula this Texas contractor used to build a booming business in less than 10 years
After a few years of working for other contractors in Austin, Texas, Dan Corrigan saw an opportunity 70 miles south in San Antonio. At 27 years old, with a pickup, a trailer and one helper, he set up shop just north of the Alamo City and went into business for himself. The first year was […]
September 2, 2015
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