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Business: Page 113
Dealers
Caterpillar, dealers to invest $1 billion to expand footprint, workforce training throughout Africa
Caterpillar has announced plans to expand its footprint and workforce development program in countries throughout Africa through a $1 billion investment over the next five years. In addition to improving the company’s parts distribution capacity across the continent and building new Certified Rebuild Centers, the investment will add new dealer branch locations and expand the […]
September 22, 2016
Business
Builder confidence jumps in August despite 5.8% drop in home starts
The start of construction on homes in the U.S. fell 5.8 percent during August to a seasonally adjusted annual rate of 1.142 million, according to preliminary data from the Commerce Department. Declines in both single- and multi-family housing units brought on the monthly decline. However the rate remains 0.9 percent above the August 2015 figure. […]
September 20, 2016
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October 7, 2026
Contractor of the Year
Training up younger workers, diversification at heart of GMP Contracting’s passion for the work
Building something from nothing is in Joe Porchetta’s blood. The son of an Italian immigrant who watched his father and grandfather build a life in a new country by starting a curb and sidewalk company, Porchetta got his first experience in construction at around 9 or 10 years old. Though his father passed away when […]
September 16, 2016
Business
Construction time clock app busybusy adds Quickbooks integration
Busybusy, a digital time clock app developed specifically for the construction industry, has been updated with Quickbooks integration. The app, which provides construction companies with a quick transition to digital time sheets by allowing workers to clock in at the jobsite from their iPhone or Android device, previously required firms to export that time sheet data from […]
September 15, 2016
Business
CNH Industrial taps Göransson as president of Case, New Holland construction equipment
CNH Industrial has named a new president for the company’s Case and New Holland construction equipment divisions. Twenty-five-year industry veteran Carl Gustaf Göransson has been named construction brand president for Case and New Holland as well as president of CNH’s construction equipment products segment. He will also sit on CNH’s Group Executive Council, a decision-making […]
September 8, 2016
Business
Nominate your best for AEMP’s Technician of the Year Award; deadline Sept. 15
Everybody complains about the shortage of qualified technicians in the construction industry. So let me ask you a question: How many of you do anything to recognize or reward the technicians you have? For all the griping about the labor shortage, there are few fleet managers or construction companies that do the most important thing […]
September 7, 2016
Business
Volkswagen buys stake in Navistar to share advanced powertrains and autonomous tech
At the crack of dawn this morning, Navistar announced a plan to pursue a strategic alliance with Volkswagen Truck and Bus, which includes an equity investment in Navistar by Volkswagen, agreements for technology and supply collaboration and a procurement joint venture. Under the terms of the agreement, Volkswagen will take a 16.6-percent stake in Navistar, […]
September 6, 2016
Business
Construction spending flat in July as nonresidential dip wipes out residential gain
U.S. construction spending was flat for the month of July at an estimated annual rate of $1.153 trillion, according to preliminary data from the Commerce Department. An 0.3-percent decrease in nonresidential spending wiped out most of an 0.4-percent increase in residential during the month. Total construction spending remains up 1.5 percent over the July 2015 mark. […]
September 1, 2016
Business
Construction’s labor shortage easing? U.S. firms reporting trouble finding skilled workers falls to 69%
For the first time in the last four years, the percentage of U.S. construction firms reporting trouble filling hourly craft positions has fallen. However, contractors don’t seem to think things are getting much better. According to the latest national survey by the Associated General Contractors of America, 69 percent of U.S. firms polled said they […]
August 31, 2016
Dealers
Ritchie Bros. to acquire online equipment auctioneer IronPlanet for $758.5 million
Announced late Monday evening, the auction giant Ritchie Bros. is acquiring internet-based auction company IronPlanet for approximately $758.5 million. The deal is Ritchie Bros. second acquisition this month following an August 2 announcement that the company would buy New England-based Petrowsky Auctioneers for $7 million. IronPlanet burst onto the heavy equipment auction scene in 1999 […]
August 29, 2016
Business
California’s Hansen Bros. is a family construction business in more ways than one
Jeff Hansen knows a thing or two about tests, not the kind you get in school but the kind life throws at you—sometimes known as opportunities. Although Hansen grew up working in the construction business started by his grandfather and great uncles, he traveled out of state to attend college at the University of Nevada […]
August 26, 2016
Dealers
Morbark’s Boxer adds 5 North American dealers to distributor network
Boxer, which offers a line of compact utility loaders manufactured by Morbark, has added five North American dealers to its distributor network. These include: Advantage Rental and Sales, with two locations: in Seaville, New Jersey, and Marmora, New Jersey Barton Tractor, located in Butler, Pennsylvania Capitol Equipment, located in Sherwood, Arkansas Project Equipment, located in […]
August 22, 2016
Business
Learn how to recruit from the military at AEMP’s EquipmentShift Conference
Tough, trained, able to work all kinds of hours in any kind of conditions, who wouldn’t want to have a few ex-military working on their crews? But what keeps construction companies and fleet managers from recruiting more successfully among the military is a lack of knowledge on how the military works, how to find people […]
August 16, 2016
Business
Home starts up in July with jump in multi-family construction
With a 2.1-percent month-to-month increase, U.S. home starts rose in July on the strength of multi-family construction gains. Home starts rose to a seasonally adjusted annual rate of 1.211 million during the month, a 5.6-percent increase over the July 2015 rate, according to preliminary data from the Commerce Department. Single-family home starts were up 0.5 […]
August 16, 2016
Contractor of the Year
Nominations now open for Equipment World’s Contractor of the Year contest
The Equipment World Contractor of the Year contest, which honors 12 finalists each year, is now open for nominations. Designed to honor contractors who have excelled in their markets, the contest is open to construction firm owners who have been in business 10 years or more, have between $3 million and $15 million in annual […]
August 15, 2016
Business
The Robin, a wearable surveying system, maps sites unreachable by conventional equipment
The company 3D Laser Mapping has launched a new multi-platform mapping system called Robin, which can scan and map terrain when worn by the operator while walking, or when attached to a moving vehicle, drone or helicopter. Unlike most other mapping systems, Robin can capture date from paths, forest trails and coastlines that are only accessible on […]
August 11, 2016
Dealers
Canadian heavy equipment dealer Strongco to sell U.S.-based Chadwick-BaRoss
Strongco, the Mississauga, Ontario-based distributor of Case CE, Manitowoc, Grove, Volvo CE and many other equipment brands, has announced plans to sell 100 percent of its shares of U.S. subsidiary Chadwick-BaRoss to ISH Capital for $12.75 million on or about Sept. 9. Strongco, which has locations across Canada and operates several Chadwick-BaRoss locations in the northeast […]
August 10, 2016
Dealers
Komatsu profit falls 52% in 1Q on stronger Yen
Komatsu, the world’s second-largest construction equipment maker, reported a down first quarter where profit plummeted 52 percent as sales slumped. Profit fell to 15.5 billion yen ($151 million) while sales fell 13 percent to 389.2 billion yen ($3.8 billion). Construction, mining and utility equipment sales fell 12 percent to 345.1 billion yen ($3.4 billion) while […]
August 8, 2016
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