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Business: Page 113
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
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February 19, 2025
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
Business
Home starts plunge 17% in February as cold weather and worker shortage drop builder confidence
With spring right around the corner, U.S. home builders are certainly looking forward to the warmer temperatures and the official start of the construction season as starts on new homes took a steep plunge in February. Construction on new homes in the U.S. fell 17 percent in February, following a flat January, according to preliminary […]
March 17, 2015
Business
After 40 years in business, Savannah firm J.T. Turner Construction to cease operations
In announcing that Savannah-based firm J.T. Turner Construction Co. Inc. is closing its doors, founder Jim Turner said his company is the latest victim of the recent economic recession. According to a report from the Savannah Morning News, the company suffered from “reduced profit margins in an increasingly competitive environment, as well as investment in several failed […]
March 16, 2015
Business
IronPlanet taps Schleicher as new CFO
A veteran of the financial industry with stints at several prominent accounting firms, Deborah Schleicher has been named the next Chief Financial Officer at IronPlanet. Schleicher’s resume includes roles at Arthur Andersen, PricewaterhouseCoopers and, most recently, eight years at Grant Thornton where she leaves a position as a national partner. “IronPlanet will benefit from Debbie’s […]
March 13, 2015
Dealers
Plunging yen has boosted Komatsu sales; Caterpillar dealers report “aggressive” pricing
With profit and sales declines in full effect for competitors Caterpillar, John Deere and CNH Industrial, Komatsu earnings reports been the lone bright spot among construction equipment manufacturers. Even Terex, which finished the year with a 27 percent profit increase, is expecting a more challenging 2015 with sales declines. Komatsu sales increased 6.4 percent year-over-year […]
March 12, 2015
Business
Akron mayor, city council butt heads over $2 million in equipment for proposed city-owned construction company
Discussion of a proposed city-owned construction company turned heated within the chambers of the Akron City Council Monday night over $1.9 million in heavy equipment purchases. According to a report from the Akron Beacon Journal, Mayor Don Plusquellic has asked the council for approval to purchase or lease six concrete trucks and four dump trucks as part of his […]
March 10, 2015
Business
Contractor optimism reaches historic high in annual construction industry forecast
The last time contractors were this optimistic, the economy tanked and went into the longest and deepest recession since the Great Depression. That was ten years ago. Today’s optimism is reported in the recently released Wells Fargo Construction Industry Forecast 2015. Of course this time, as economists like to say, it’s different. The last recession […]
March 9, 2015
Business
Succession planning: How one future contractor takes preparation to assume the family business seriously
In the past, second- and third-generation contractors often assumed the helm of the company because it was all they’d known, and what they were expected to do. They had years of experience in the field, but often had limited decision-making skills and little management experience. The focus on succession planning has often been on steps […]
March 4, 2015
Business
PHOTOS: Google to build greenhouse-like HQ defined by movable construction housed in see-through canopies
[imagebrowser id=206] With construction of competitor Apple’s new spaceship-like Campus 2 well underway, Google has announced its own plans for a revamp to its headquarters in Mountain View, California. And while Apple’s project is of interest to construction professionals due to the sheer scale of the $5 billion project alone, Google’s is interesting in how […]
March 2, 2015
Business
CNH Industrial to lay off more than 200 factory workers at Nebraska, North Dakota plants
CNH Industrial has confirmed indefinite layoffs at two plants in response to, “market conditions,” as the farm and construction equipment manufacturer continues to deal with a global agricultural slowdown. According to a report from KFGO AM, CNH will lay off 80 full-time workers at its Fargo, North Dakota, plant, while the Grand Island (Nebraska) Independent reports […]
March 1, 2015
Business
Nonresidential pulls down U.S. construction spending 1.1% in January
U.S. construction spending fell 1.1 percent during January due to nonresidential construction decreases in both the public and private sectors. Overall spending fell to $971.4 billion, according to preliminary estimates from the Commerce Department. However, the figure remains up 1.8 percent over January 2014. Nonresidential spending fell 2 percent to $614.1 billion. Thirteen of the sector’s 16 markets saw […]
March 1, 2015
Business
U.S. construction equipment exports fall 13.2% in 2014 with decreases in shipments to all regions
Exports of construction equipment made in the U.S. fell  are down 13.2 percent in 2014, according to an Association of Equipment Manufacturers analysis of Commerce Department data. Construction equipment exports fell to $17.26 billion during the year with decreases in shipments to all world regions. U.S. exports of construction machines have fallen for eight consecutive quarters. […]
February 26, 2015
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