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Business: Page 108
Business
U.S. home starts fall 2.6% in April
A dip in the start of construction on multifamily homes wiped out a small gain in single-family homes in April, bringing total U.S. home starts down 2.6 percent. Total starts fell to a seasonally adjusted annual rate of 1.172 million but remain up 0.7 percent from the April 2016 figure, according to preliminary data from the […]
May 16, 2017
Contractor of the Year
Building a life and legacy are 2017 Contractor of the Year Roy Chipley’s biggest projects
Things were getting better for Roy Chipley. After a successful but demanding career with Lockheed Martin began hurting his marriage, Chipley realized that changes must be made. His wife, Sian, led him back to church where he had given his life over to Jesus Christ. The couple renewed their wedding vows and were getting ready […]
May 15, 2017
Sponsor Content
Cut Cycle Times and Fuel Costs With These Operator Habits
Volvo Construction Equipment
September 22, 2026
Business
Large fleet, ear for employees keep NY’s Boyce Excavating going strong for 80 years
Garry Boyce is a construction lifer. He got his start as a laborer at his father’s company, while also greasing equipment. Eventually he got to run some of that equipment, creating a passion he remembers loving to come home to every day as a child. “I couldn’t wait to get off the bus at 13 […]
May 8, 2017
Business
Construction spending falls 0.2% in March
Gains in residential construction spending during March were offset by an identical loss in nonresidential as total construction spending in the U.S. fell 0.2 percent. Total spending fell to $1.2 trillion, but remains 3.6 percent above the March 2016 figure, according to preliminary data from the Commerce Department. Private residential spending rose 1.2 percent during […]
May 3, 2017
Dealers
Hitachi eyes North American distribution network with Sullair purchase
Hitachi is purchasing Sullair from Accudyne to pick up the company’s portable air compressor business and as a means of tapping into the brand’s sales network with a primary focus on the North American market. The announced purchase price is $1.245 billion. “We are thrilled by the prospect of partnering with Hitachi to grow Sullair […]
May 2, 2017
Dealers
Business Roundup: Cat to move global HQ to Deerfield; Topcon adds Griner and Schmitz to dealer network; Cat sales up; Hino Trucks adds dealers to Certified Ultimate Network
Caterpillar will move global HQ to Deerfield, lll., beginning this year Nearly three months after announcing plans that the company would be moving its global headquarters from Peoria to Chicago, Caterpillar has actually settled on a location a bit further north. By mid-2018, the world’s no. 1 heavy equipment manufacturer plans to call the Chicago […]
May 2, 2017
Business
Acosta confirmed as next Secretary of Labor
The U.S. Senate has confirmed Alexander Acosta to be the next Secretary of Labor, making him the only Latino in Trump’s Cabinet,  The Hill reports. Democratic senators Catherine Cortez-Masto (Nev.), Heidi Heitkamp (N.D.), Angus King (Maine), Joe Manchin (W.Va.), Claire McCaskill (Mo.), Bob Menendez (N.J.), Bill Nelson (Fla.), Jon Tester (Mont.), and Mark Warner (Va.) joined with the Republican Senators […]
May 2, 2017
Dealers
Volvo CE Q1 profit soars as net sales grow 30%
Volvo Construction Equipment reports first quarter 2017 net sales increased 30 percent compared to the same period last year, to 16.16 billion Swedish Krona (SEK) ($1.83 billion). First quarter 2016 net sales were 12.45 billion SEK ($1.41 billion). The company reports operating income increased nearly quadrupled to 1.62 billion SEK ($188.7 million) from 341 million […]
April 28, 2017
Dealers
United Rentals Q1 net income up 18.5%, total revenue grows 3.5%
United Rentals’ first quarter 2017 total revenue grew by 3.5 percent, to $1.36 billion, compared to the same quarter last year, with $1.17 billion coming from rental revenue. The company also saw net income grow by 18.5 percent to $109 million, or $1.27 per diluted share, over the same period. The adjusted earnings before interest, tax, […]
April 27, 2017
Business
Brock’s Grading and Land Clearing built success based on sound financials, safety
In 1998, Mike Brock was just three years out of high school when he began his construction career. He bought a small piece of land from a family friend for what he calls “a real bargain.” Then, following his grandfather’s advice, Mike began to sell sand off of the property. He soon sold his car, […]
April 26, 2017
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
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
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