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Business: Page 105
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
Business
Construction spending rises 0.7% in July to 7-year high
Construction spending in the U.S. reached its highest mark in seven years in July thanks to major increases from single-family homes and manufacturing facilities. Total spending rose 0.7 percent during the month to $1.083 trillion, a 13.7-percent increase over July 2014 and the highest level since May 2008, according to preliminary data from the Commerce Department. The report also […]
September 1, 2015
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June 27, 2025
Business
In compact track loader’s decade of dominance, 2 things have become clear
Over the past decade, there’s been no bigger machine success story than that of the compact track loader. The revolutionary CTL, first developed by ASV in 1990, has extended the construction season, giving contractors the ability to tackle almost everything a job can sling at them. And contractors have responded by making it the number […]
August 31, 2015
Business
Finning teams up with IronPlanet to sell used Cat equipment globally
Are you not finding the deals you want in your part of the country for good used equipment? Maybe it’s time to look further. Two of the biggest players in the heavy equipment industry inked a deal this week to bring a global presence to the auction market.The largest Caterpillar dealer in the world, Vancouver, […]
August 28, 2015
Business
CNH Industrial cuts 100 workers across 2 plants
CNH Industrial has announced that it will lay off 100 full-time workers across two manufacturing facilities. According to a report from NBC Nebraska, the construction and farm equipment manufacturer will lay off 70 workers at its Grand Island facility. The report says the indefinite layoffs will likely take effect in October. Valley News Live reports […]
August 28, 2015
Business
Caterpillar to lay off another 475 employees
Caterpillar has announced another round of layoffs, this time releasing 475 employees as the company’s cost-cutting efforts in the face of waning demand continue. According to a report from the Peoria Journal Star, the cuts will affect staff in the Customer Services Support Division. The majority of the layoffs, 300, will affect employees in the Peoria area. […]
August 27, 2015
Business
Caterpillar a primary target of insider trading ring busted for hacking access to press releases
Caterpillar company secrets were a favorite target for an alliance of hackers and stock traders busted by U.S. officials earlier this month for insider trading that reaped tens of millions in illegal profits. According to a report from the Wall Street Journal, federal prosecutors on August 11 charged two Ukrainian hackers and seven American stock traders […]
August 25, 2015
Business
John Deere feels impact of energy slowdown in 3Q as construction equipment sales fall 13%
After a third quarter that brought more severe decreases in sales and profit, John Deere has cut its forecast for the rest of the year as the company now faces slowed demand for construction equipment alongside an existing farming slump. Deere sales fell 20 percent during the quarter to $7.6 billion while profit dropped 40 percent […]
August 21, 2015
Business
Not even Caterpillar can escape Donald Trump’s disses
In perhaps a prime example of just how far Donald Trump will reach to underscore his “Make America Great Again” slogan, the Republican presidential candidate has called out Caterpillar’s recent financial performance as evidence of how far the country has apparently fallen. “People are buying Komatsu tractors instead of Caterpillar tractors. I’m telling you, we’re in […]
August 19, 2015
Business
Bobcat, Doosan break ground on $9.5 million expansion of West Fargo HQ (PHOTOS, VIDEO)
Company executives and a fleet of Bobcat buckets recently broke ground on a $9.5 million expansion of the Bobcat/Doosan North America headquarters. In a video from the event, Rich Goldsbury, president of Bobcat and Doosan North America, explained that the companies had simply outgrown their current headquarters, built in 2000 in West Fargo, North Dakota. “This […]
August 19, 2015
Business
Home starts up 0.2% in July as single-family gains offset big drop in apartments
A jump in single-family home construction starts offset a big drop for apartments as total U.S. home starts edged slightly upward in July. Construction on new homes rose 0.2 percent in July to a rate of 1.206 million and is up 10.1 percent from July 2014, according to preliminary data from the Commerce Department. Homes […]
August 18, 2015
Business
New survey, hotel developers the latest severe signifiers of construction’s labor shortage
In addition to the industry surveys and anecdotal evidence from states and projects all over the country, you can add two more examples to the group of sources pointing to the shortage of skilled labor impacting the U.S. construction industry. Joining an Associated General Contractors of American survey last fall which found that 83 percent of […]
August 13, 2015
Business
Terex to merge with Finnish manufacturer Konecranes
Cranes and heavy equipment manufacturer Terex will merge with Finnish competitor Konecranes in an all-share deal, the companies announced in a joint release Tuesday. The new company will be called Konecranes Terex and will be based out of Finland. It is expected to bring in $10 billion in revenues and allow both companies to fight […]
August 11, 2015
Business
R.J. Allen made emissions regs work for them and now this California contractor doesn’t chase work
Andrew – or Andy – Allen chuckles when asked how he got his start in construction. “I guess you could say I was born and raised in the company,” he says about the firm his parents founded. Allen started in the company shop, cleaning and maintaining equipment, and then operating it. Although he took some […]
August 11, 2015
Business
POLL: Which Presidential candidate would best run a construction company?
Gridlock prevails in our federal government. The highway bill has been stuck in limbo for five years. There are shutdowns, filibusters, walkouts, unseen procedural trickeration. Spending and deficits are through the roof. If this were a construction company no work would ever get done. What we need is a president who can get things done, […]
August 7, 2015
Business
Construction adds 6,000 jobs in July; unemployment falls to 8-year low
Following a flat June, the U.S. construction industry saw a small increase in employment in July. According to preliminary data from the Labor Department, construction employment rose by 6,000 jobs during the month, most likely due to increased home sales. The industry now employs 6.383 million Americans. The sector’s unemployment rate fell again in July, this time down […]
August 7, 2015
Business
Contractor of the Year contest honors industry’s best; nominations due Oct. 2nd
The Equipment World Contractor of the Year contest is now open for nominations. The program honors 12 finalists each year, sending them and their guests to Las Vegas for a weekend that includes an industry roundtable, focus group, awards banquet and a day at the Las Vegas Motor Speedway watching the NASCAR Kobalt 400. All […]
August 6, 2015
Business
CNH Industrial sales fall 10%, profit plummets in 2Q
CNH’s continued struggles with the global agricultural slowdown continued in the second quarter, compounded by decreased construction equipment sales. The company, manufacturer of the Case Construction and New Holland equipment brands, reported sales and revenues of $7 billion, down 10 percent from the same period in 2014. Profit plummeted 236 percent to $122 million. For the […]
August 4, 2015
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