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Business: Page 110
Business
Lafarge, Holcim tap Olsen as CEO, effective when the companies merge
In a move the company hopes will please jittery shareholders, the Lafarge and Holcim boards of directors announced the appointment of Eric Olsen as the future CEO of the merged companies. Olsen is currently executive vice president of operations at Lafarge. He has dual American and French citizenship and has extensive international experience, as well as experience […]
April 10, 2015
Business
Caterpillar to cut 250 jobs from Indiana engine plant
Caterpillar has announced that it will cut 250 workers from its Lafayette Engine Center in Indiana. According to a report from WLFI TV, the company will lay off 50 full-time workers from the plant and another 200 workers employed through staffing agencies. Caterpillar told the station, “a decrease in orders for engines that support the oil and […]
April 9, 2015
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June 27, 2025
Business
Construction employment fell in March, snapping a 14-month streak of job gains
For the first time since December 2013, U.S. construction industry employment has fallen. According to preliminary data from the Labor Department, U.S. construction firms lost 1,000 jobs in March. The industry now employs 6.344 million Americans. The new data also revised downward the employment figure for February from the previously reported 6.354 million, to 6.345 million. The […]
April 3, 2015
Business
How a contractor pursued delay damages against the U.S. Navy using the Eichleay formula
In a recent case involving work for the U.S. Navy — Appeal of Alderman Building Company, Inc. (ASBCA No. 58082, December 9, 2014) — a contractor was allowed to proceed with its claim for delay damages using the Eichleay formula. The Eichleay formula is a widely accepted method used to quantify a contractor’s unabsorbed overhead […]
April 3, 2015
Business
IronPlanet, Cat Auction Services complete merger
With the addition of access to late model, low-hour Caterpillar equipment, IronPlanet chairman and CEO Greg Owens said his company’s merger with Cat Auction Services will “drive value and services to all of our buyers and sellers.” The merger, announced in December, was completed April 2. “I am confident that our marketplace offerings will enable our […]
April 3, 2015
Business
KHL: Construction equipment revenues down as manufacturers trade places in top 10 rankings
Caterpillar and Komatsu remain the no. 1 and no. 2 construction equipment manufacturers in the world, respectively, to no surprise according to the latest edition of KHL’s annual Yellow Table study. However, four manufacturers traded places in the top 10. Volvo and Hitachi swapped, as did Terex and Liebherr though the publication does not note exactly […]
April 2, 2015
Success Stories
Third-generation contractor manages company transition by merging old values with new opportunities
For James Tollestrup, running the family business has included mastering the ability to transition the company from one phase to another. The third-generation contractor has taken Lethbridge, Alberta-based Tollestrup Construction to new levels of growth while maintaining the identity of his grandfather’s company. A changing identity Founded in 1940, the company has avoided experiencing growing […]
April 2, 2015
Business
U.S. construction spending flat in February
Construction spending in the U.S. was flat during February, the result of a slight increase in private construction and a decrease in government spending. Total spending fell 0.1 percent during the month to $967.1 billion, according to preliminary estimates from the Commerce Department. Spending was up 2.1 percent over February 2014. Residential and nonresidential construction spending both […]
April 1, 2015
Business
Holcim shareholders threaten merger plans with Lafarge…again
Shares in Lafarge fell by approximately 2 percent Monday after two Holcim shareholders voiced their discontent with the revised merger terms that were put in place on March 20 to make Holcim shareholders happy and keep the merger moving forward. According to a report from Reuters, Russian businessman Filaret Galchev, Holcim’s second-largest shareholder who owns a […]
March 31, 2015
Business
Contractors on Milwaukee’s Northwestern Mutual tower claim largest continuous concrete pour in Wisconsin history
Workers with C.G. Schmidt and Choice Construction, among other contractors, have completed what they claim is the largest continuous concrete pour in Wisconsin state history. According to a report from WITI TV, 250 workers and 50 cement trucks took part in a 27-hour concrete pour for the foundation of the 32-story Northwestern Mutual Tower and […]
March 30, 2015
Roadbuilding
More than half of heavy/highway contractors see bid volume increase for private work, HCSS survey finds
HCSS, a construction estimating software developer, has released the findings from its “2015 Heavy Civil/Infrastructure Estimating Survey,” an annual review that looks at issues affecting the job estimating side the heavy/highway industry. The survey received responses from 359 companies from 51 states and provinces from the U.S. and Canada. Canada represented 7 percent of the […]
March 30, 2015
Business
Caterpillar to cut 230 jobs from Illinois plant in move of 2 production lines to Mexico
Caterpillar has announced that it will cut hundreds more manufacturing jobs, this time at its Joliet, Illinois facility as part of its continuing efforts to cut costs. According to a report from the Joliet Herald-News, Cat will cut 230 jobs at the plant and will move production of gear and engine oil valves to a plant in Monterrey, Mexico. […]
March 23, 2015
Business
How to de-clutter your construction office into a (nearly) paperless, more efficient work space
Spring is the time of year when everything is new and fresh, so now that the season has officially arrived, people turn their attention to cleaning and organizing tasks. It’s the perfect time to tackle organizing work space, as well. A cluttered office not only makes you look disorganized to your employees and clients, but […]
March 23, 2015
Business
Navistar sued by federal government for withholding documents from investigation
The Securities and Exchange Commission filed in December a lawsuit against Navistar International Corp. claiming the truck and engine maker improperly redacted and withheld documents the Commission attempted to subpoena. The subpoenas are part of an SEC investigation into whether Navistar violated federal securities laws “by making false or misleading statements or material omissions” regarding […]
March 23, 2015
Business
IronPlanet taps Stillings as new head of marketing
With the company’s second executive hiring announcement in the past few weeks, Susan Stillings has been named Chief Marketing Officer at IronPlanet. Stilling comes to the online heavy equipment auctioneer with more than 20 years of experience, much of it based out of global markets. Stillings’ career includes stints at Ogilvy, Edelman, Teneo Strategy, Brunswick Group […]
March 23, 2015
Roadbuilding
Associations rally for long-term highway funding bill during World of Asphalt
Leaders from five road and bridge building-related trade associations held a rally for World of Apshalt and AGG1 attendees pushing for more support and activism for a long-term highway funding bill. Leaders from the Association of Equipment Manufacturers (AEM), the National Stone, Sand and Gravel Association (NSSGA), the National Asphalt and Pavement Association (NAPA), and […]
March 23, 2015
Business
Friendship morphs into a successful business venture between asphalt, concrete contractors
Sean McDowell knows the ins and outs of asphalt. As the owner of McDowell Construction, a 17-year-old paving company in Menomonee Falls, Wisconsin, he has handled a range of asphalt projects throughout the Milwaukee area, building up a fiercely loyal clientele. So, when his customers began asking why he couldn’t handle their concrete work for […]
March 18, 2015
Roadbuilding
Holcim board delays Lafarge merger over terms
Holcim’s board of directors has determined that its merger with Lafarge will be delayed due to a disagreement of terms on the deal. The merger was announced last year. In a statement, Holcim said the agenda for its upcoming annual general meeting will only focus on direct Holcim business and not the merger. “Holcim Board […]
March 18, 2015
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