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Business: Page 110
Business
Low-viscosity oils are only the beginning; new EPA diesel fuel economy rules will significantly impact your future
Earlier in June, Shell Lubricants went into great detail telling journalists about how the soon-to-come, low-viscosity diesel lube oil category will help heavy duty trucks improve fuel economy by roughly one percent. And while a one percent improvement in fuel economy may not get those of you in the heavy construction business too excited, another […]
June 24, 2015
Business
Caterpillar to lay off another 170 workers at East Peoria plant
Caterpillar has announced it will lay off an additional 170 workers at its East Peoria, Illinois, plant where the company manufactures mining and construction equipment. According to a report from Peoria Journal Star, the company announced the layoffs in consecutive weeks. A cut of 120 workers from the plant was announced last week and the reduction […]
June 24, 2015
Sponsor Content
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August 4, 2025
Dealers
JCB, Douglas Dynamics earn honors; Kenworth, Fecon add locations in the latest Dealer and Manufacturing News Roundup
Skyjack machines tee up for charity in Miami Skyjack scissor lifts and booms were on hand at the BEA and Action Rentals’ Second Annual Golf Tournament, held on March 16 in Miami. The daylong event, held at Miami International Links in the Melreese Country Club, included golfing and a silent auction. This was Skyjack’s second […]
June 23, 2015
Roadbuilding
Contractors face charges for defrauding PennDOT’s female/minority-owned business program
The top executives at a Pennsylvania highway construction company are facing charges they defrauded the U.S. Department of Transportation to the tune of about $18.7 million. A federal court levied conspiracy to commit wire fraud charges on Carl M. Weber Steel Service, its president Dennis Weber and vice president Dale Weber on June 16, according to […]
June 22, 2015
Business
Nashville may soon require contractors to hire significantly more local workers on metro projects
An amendment that will be presented to Nashville voters in August is drawing the ire of some members of the local construction industry there. According to a report from Nashville Public Radio, the proposed amendment would require construction companies contracted by the city to ensure that 40 percent of all worker hours on major projects […]
June 19, 2015
Business
NYC’s Nordstrom Tower will at least have the tallest roof in the U.S.
Following up a May report, New York Yimby has uncovered documents that confirm the Nordstrom Tower will become the tallest building in the U.S.—the tallest roof, at least. Citing documents recently submitted to the city, Yimby reports the supertall Nordstrom building being built at 217 West 57th Street will top out at 1,522 feet with 95 […]
June 18, 2015
Business
Home starts tumble 11.1 percent in May following April’s big jump
Large ups and downs in the rate of new home construction have become somewhat of a trend halfway through the year as U.S. home starts fell 11.1 percent following the largest monthly gain in 24 years in April. Home builders began construction on homes at a rate of 1.036 million in May, according to preliminary data […]
June 16, 2015
Business
The Final Piece: Design of 1,340-foot-tall Two World Trade Center revealed (PHOTOS)
In an interview with Wired that dives deep into the genesis of Two World Trade Center, Bjarke Ingels, the founder of the architecture firm BIG, has unveiled his design for the building. Once built, the 1,340-foot-tall building will complete New York City’s reborn World Trade Center. The new building will stand nearly as tall as One WTC, creating a […]
June 11, 2015
Business
DPR/Skanska to walk away from construction of Apple’s new campus
Though DPR Construction Inc. and Skanska USA have been the lead builders on Apple’s much-talked-about Campus 2 since construction began last year, they will cease involvement on the estimated $5 billion project in the next several weeks. According to a report from Silicon Valley Business Journal, the DPR/Skanska joint venture, awarded the contract for the […]
June 11, 2015
Business
St. Louis construction firms help establish $10 million Contractors Loan Fund for minority- and women-owned businesses
Aiming to boost the number of construction companies owned by minorities and women in the St. Louis area, a group of firms and banks joined forces to establish the Contractors Loan Fund. According to a report from St. Louis Public Radio, the $10 million loan fund will be a big help to those companies who […]
June 4, 2015
Business
Palm Beach high school construction academies seek to fill Florida’s skilled worker shortage
The Palm Beach County school district has opened three construction academies that are equipping students from ninth through 12th grades with valuable construction skills through real-world, hands-on experience. According to a report from the Palm Beach Post, academies have opened at high schools in Delray Beach, Loxahatchee and the Glades as construction firms across the state […]
June 2, 2015
Success Stories
This “crazy diverse” Iowa contractor thrives on doing work that other companies shun
“I knew from high school I wanted to be a contractor,” says Jeff Pettiecord. So he started doing small remodeling jobs shortly after graduating, and eventually started his company in 1984. But it was the early 1980s and times were tough. “I literally chased fire trucks,” Jeff recalls. He’d call on the owners of the fire-damaged […]
June 2, 2015
Business
Construction spending up 2.2% in April to $1 trillion, 6-year high
Big gains in nonresidential boosted total construction spending in April 2.2 percent, according to preliminary estimates from the Commerce Department. Spending rose to a seasonally adjusted annual rate of $1.006 trillion, the highest figure in more than 6 years and up 4.8 percent over April 2014. Total residential construction spending rose 0.6 percent to a rate of $359 billion while […]
June 1, 2015
Business
Construction lending is outpacing that of completed buildings with rates at their lowest since 2007
It’s OK. You can call it a comeback. Though much of the talk around whether or not the construction industry has truly rebounded or not has died down in the last six months or so, a new study has highlighted a particularly interesting statistic that points to just how strong the industry’s turnaround is. According […]
May 28, 2015
Business
John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues
Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy equipment manufacturer continues to see profit and sales declines due to the global slowdown in agricultural equipment demand. The manufacturer reported an 18-percent decline in sales during the second quarter to $8.171 billion. Profit fell […]
May 26, 2015
Dealers
SDLG, Liebherr, Takeuchi, others add dealers in the latest Dealer and Manufacturing News Roundup
Takeuchi names Salesman of the Year, Top Volume dealer and adds dealer Jimi Martin of Perimeter Takeuchi in Buford, Georgia, has been named Takeuchi’s Salesman of the Year. Ranking number one in retail sales, 2014 marks the second consecutive year Martin has received the award. Folcomer Equipment, a full-service dealer with five locations in Aberdeen, […]
May 22, 2015
Business
Confidence in heavy equipment financing market drops
Confidence in the equipment finance market declined slightly from April to May, according to the Equipment Leasing and Finance Foundation’s Monthly Confidence Index. The foundation, a non-profit that conducts research on the equipment leasing and finance industry reported a 67.5 index, which is slightly lower than the April index of 70.7. The index is determined […]
May 21, 2015
Business
Will NYC’s Nordstrom Tower overtake One World Trade Center as the tallest building in the U.S.?
In case you haven’t noticed, we’re in the thick of a supertall building boom. As we reported earlier this year, 97 skyscrapers and 11 supernal buildings (skyscrapers taller than 984 feet) were completed in 2014—more than in any other year. And nowhere is the race to the tip-top heating up more than in New York City, […]
May 20, 2015
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