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Business: Page 107
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
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August 4, 2025
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
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
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
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