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Business: Page 114
Business
China used more cement in 3 years than the U.S. used during the entire 20th Century
So you’ve probably heard at least a little bit about the wildly expanding middle class in China and the extremely rapid growth of once-rural and tiny cities into giant metropolises just in the last couple of decades. But here is a statistic and a photo to put all of that into context, via Bill Gates. […]
February 25, 2015
Business
Construction company expands into the crime scene/meth lab cleanup business
In construction, it’s always good for business owners to explore diversification, to look into new ways their outfit is equipped to quickly flex and serve another need in their area. Some common ones are landscaping or snow plowing, others might get into environmental cleanup. But one North Carolina contractor took an extra step outside the […]
February 24, 2015
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August 4, 2025
Business
PHOTOS: Caterpillar unveils new 3-tower HQ campus spanning 6 city blocks in Peoria
[imagebrowser id=199] Caterpillar will make major, but very welcome, changes to the Peoria skyline with the construction of a three-tower company headquarters building along the city’s riverfront. RELATED: PHOTOS: Tour the Caterpillar Visitors Center, a walk through the history of yellow iron The plans are the result of a multiyear study with the aim of creating […]
February 23, 2015
Business
John Deere 1Q profit plummets 43% as ag slowdown continues; further declines expected
In recent years, as the effects of the recession were hammering the construction industry and the profit margins of heavy equipment manufacturers, John Deere posted 15 straight quarters of record earnings on the strength of its farm equipment sales. And now, as construction is fighting its way back, a global slowdown in the agricultural sector […]
February 22, 2015
Business
Contractor honors his father’s legacy with successful paving business
The TCW in TCW Construction stands for “Tony’s Cement Works,” a tribute to the company started by Joe Delgado’s father, which concentrated on driveways, sidewalks and patios. “We use his wheelbarrow logo to this day,” says Delgado, president of the Lincoln, Nebraska firm and one of Equipment World’s 2015 Contractor of the Year finalists. In […]
February 19, 2015
Business
Caterpillar hit with $1 billion in penalties, taxes on Swiss unit as feds open new investigation into overseas profit shifting
If slumping mining demand and oil prices hadn’t made things hard enough on the company’s finances, Caterpillar is now facing increased pressure from the U.S. government for the movement of cash between it and its overseas subsidiaries. After a review of the company’s 2007 to 2009 tax returns, which include a loss carryback to 2005, the Internal […]
February 19, 2015
Business
U.S. home starts fall 2 percent in January as builder confidence dips due to cold weather
Following up a nice gain in December, housing starts in the U.S. fell 2 percent in January and builder confidence in the market has since dropped due to harsh winter weather conditions. Builders started homes at a seasonally-adjusted annual rate of 1.065 million homes in January, a 19-percent increase over January 2014, according to preliminary data […]
February 18, 2015
Business
Terex finishes 2014 with a 27% profit increase but expects sales declines in 2015
Terex has released its fourth quarter and full-year earnings report and despite consecutive down quarters to finish the year, the heavy equipment manufacturer saw overall gains in both profit and sales during 2014. Sales were up 3 percent in 2014 to $7.3 billion thanks to increases in every segment except cranes. The figure met the […]
February 18, 2015
Business
Akron wants to start its own city construction company; would be an Ohio first
Contractors that bid on projects in the city of Akron, Ohio, may soon have some new competition: the city itself. Frustrated with the low levels of local workers hired on past and current city projects, Akron Mayor Don Plusquellic recently announced his plan to start a construction company run by the city, according to a […]
February 17, 2015
Business
Nearly 50 NYC contractors, inspectors and property managers charged in bribery scheme
Earlier this week, dozens of New York City construction professionals surrendered to police and were charged as the result of a two-year city investigation that uncovered a widespread bribery scheme. According to a report from the The Daily News, 50 defendants were charged, “including 16 city inspectors, plus a host of property managers and owners, ‘expediters,’ contractors […]
February 12, 2015
Success Stories
Precision Pipeline worked around the recession and desert turtles to become one of Utah’s top contractors
Landon Floyd grew up in construction. His father ran a small excavation and pipeline company in Southern California but moved to Utah when Landon was a boy because it seemed a better place to raise a family. Although his dad handed the reins over about 10 years ago, Landon grew up working for the company. […]
February 10, 2015
Business
Volvo CE profit plummets 157% to 4Q loss; big gains in North America keep full-year sales afloat
Thanks to increased demand in North America and Europe, Volvo Construction Equipment largely weathered a rough fourth quarter to keep its full-year 2014 earnings from falling too far. However, the company expects it will have to work hard in 2015 to optimize costs for challenging market conditions in most regions. The heavy equipment manufacturer saw […]
February 9, 2015
Business
Construction adds 39,000 jobs in January
U.S. construction firms added 39,000 workers during January though the industry’s unemployment rate rose for a third consecutive month. The industry now employs 6.314 million people in the U.S., according to preliminary data from the Labor Department. January’s addition continues a 13-month streak in employment gains for the industry. That streak is likely to continue as […]
February 9, 2015
Business
Apple’s new $2 billion Arizona data HQ to create 500 construction jobs
Valued at around $700 billion and fresh off one of the company’s most successful quarters in its history, Apple isn’t stopping with the construction of a new headquarters in Palo Alto, instead spreading the wealth to Arizona’s construction industry with plans for a new data center. According to a report from the Arizona Republic, Apple will invest […]
February 5, 2015
Business
BlueLine Rental expands footprint with acquisition of Trico Equipment Inc.
BlueLine Rental has announced that it will acquire Trico Equipment Inc. for an undisclosed amount. Trico, a rental company serving New Jersey, Pennsylvania, Maryland and Texas, specializes in aerial lift equipment. Trico’s senior leadership is expected to stay with BlueLine in management roles once the acquisition is completed. “Trico is a very complementary business for BlueLine […]
February 5, 2015
Business
PCA’s Sullivan: Cement consumption on straight growth trajectory through 2017; optimism palpable at World of Concrete
Cement consumption grew by 8 percent in 2014 and is on track to grow another 8 percent in both 2016 and 2017, according to Ed Sullivan, chief economist, PCA, noting that the 100 metric million tons realized in December was the highest month total since January 2008. Sullivan made his remarks during the opening day […]
February 4, 2015
Business
Donaldson Company names COO Tod Carpenter president and CEO
Filtration manufacturer Donaldson Company has announced that, effective April 1, 2015, Chief Operating Officer Tod Carpenter will be the company’s president and chief executive officer. Currently serving as the company’s chief operating officer, Carpenter will replace Bill Cook, who will remain chairman of Donaldson’s Board of Directors. Carpenter has been with Donaldson since 1996, holding […]
February 4, 2015
Business
U.S. construction spending rises 0.4 percent in December
U.S. construction spending edged up 0.4 percent during December, ending 2014 on a positive note at a seasonally adjusted annual rate of $982 billion, according to preliminary estimates from the Commerce Department. Total spending is up 2.2 percent over December 2013. Government spending increased 1.1 percent during the month to $283.5 billion, to finish at a […]
February 3, 2015
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