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Business: Page 115
Business
2014 bonus depreciation expected to pass; applies to construction equipment bought and put in service by Dec. 31st
Just in the nick of time, contractors may once again this year be able to take advantage of a 50 percent bonus depreciation in new equipment purchases, a tax code provision that had expired last year. Earlier this month, the U.S. House of Representatives passed H.R. 5771, which would reinstate both the bonus depreciation and […]
December 12, 2014
Business
Blind spider inflates San Antonio highway project cost by $30 million
A construction project at one of San Antonio’s most congested areas of traffic that has been delayed for the past two years has transformed and nearly tripled in cost due to the discovery of a tiny, and very rare blind spider. According to a report from the San Antonio Express-News, the originally $15.1 million construction […]
December 12, 2014
Sponsor Content
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Roadbuilding
Choosing the right machine for proper soil compaction
Experience, type of soil, method specification and available equipment are all part of making this decision.
December 11, 2014
Business
Arson suspected in gigantic fire that destroyed apartment complex under construction in downtown Los Angeles
Police and fire officials in Los Angeles have opened a criminal investigation into a massive fire that broke out early Monday morning, engulfing an entire city block and destroying most of an apartment complex under construction. According to a report from the Los Angeles Times, the fire broke out around 1:20 a.m. Monday at the downtown […]
December 10, 2014
Business
Construction adds 20,000 workers in November, but unemployment rises
With an addition of 20,000 workers during November, the U.S. construction industry added employees to its workforce for an 11th consecutive month. The industry now employs 6.109 million Americans, according to preliminary data from the Labor Department. That’s the highest employment mark for construction since April 2009 when it employed 6.154 million people. The new […]
December 8, 2014
Business
Cummins reveals striking glass and steel design for its new downtown Indianapolis office
Cummins has revealed the design for its new Indianapolis office which will be located in the city’s Market East cultural district. The 10-story office building will serve as the headquarters for the company’s global distribution business. The exterior will feature a lot of glass, and is designed to let in a lot of natural light. […]
December 4, 2014
Business
Best of the Best: Here are the 12 finalists in our 2015 Contractor of the Year awards
Equipment World announces its 2015 finalists for the Contractor of the Year program, now in its 15th year. Each of the 12 finalists will be the guest of program sponsor Caterpillar during a event-filled weekend at the Wynn Resort in Las Vegas, including an industry roundtable, awards banquet and attendance at the NASCAR Kobalt Tools […]
December 3, 2014
Business
Ritchie Bros. 3Q auction proceeds up, revenues down; announces management, structure changes
Ritchie Bros. says it saw a record third quarter in gross auction proceeds, posting $886.9 million for the period, up 12 percent compared to last year. The company says it achieved more than $4 billion in gross auction proceeds for the last four quarters, which is a first for the company. Adjusted net earnings, however, […]
December 3, 2014
Business
Construction spending up 1.1% in October due to gains in homebuilding, government nonresidential
U.S. construction spending rose 1.1 percent during the month of October due mainly to increases in homebuilding and government nonresidential projects. According to preliminary estimates from the Commerce Department, October construction spending was at a seasonally adjusted annual rate of $971 billion. The new data also revised the August and September rates upward from the previously estimated $955 […]
December 2, 2014
Business
John Deere makes huge gains in construction equipment sales during 2014, but ag slowdown brings full-year profit down 11%
After smashing earnings records in 2013, three straight down quarters due to a global farming slowdown resulted in an unfavorable fiscal 2014 for John Deere, and the company expects things to only get worse in 2015. The company announced a profit decrease of 11 percent to $3.162 billion during fiscal year 2014, which ended October […]
December 1, 2014
Dealers
Terex Construction launches new website and app, plus new locations for Liebherr and JCB in this week’s Dealer News Roundup
Welcome to the Dealer News Roundup, your one-stop shop for all the moves going on inside the heavy equipment distributor industry. This week’s edition includes a redesigned Terex website and app, along with new locations for Liebherr and JCB. Terex launches distributor support app and responsive website Terex Construction has launched a new Distributor Support […]
December 1, 2014
Success Stories
Sibling dynamic builds Guyer Brothers into successful company with a family atmosphere
When talking with successful contractors, you often hear them credit the people that work for them. There’s a reason for that. Most people in this business understand that their success is directly tied to how well their employees do their job. Happy employees tend to be the best employees and the business owners that make […]
November 30, 2014
Business
Thief takes his sweet time plundering Nebraska contractor’s equipment yard on multiple occasions
Law enforcement in Omaha, Nebraska, are searching for a man who stole thousands of dollars worth of equipment and materials from a contractor’s equipment yard earlier this year. According to a report from KETV, the thief made four trips to the yard between February and March. What he apparently didn’t know—or maybe he just didn’t care—was […]
November 24, 2014
Business
Home starts dip 2.8% in October as builder confidence clicks back up
U.S. home starts fell 2.8 percent in October to a seasonally adjusted annual rate of 1.009 million, according to preliminary data from the Commerce Department. The latest report also revised the September rate upward from 1.017 million to 1.038 million. Home starts in the U.S. are now up 7.8 percent over October 2013. For the last […]
November 19, 2014
Business
One contractor gives another work: Seattle officials suspect construction crew responsible for dumping concrete in sewer pipe
Even though it’s something that happens fairly regularly—three or four times a year—footing the bill to repair sewer pipes used as a place to dump left over concrete never gets any less frustrating for Seattle city officials. Today the city will have to close down part of Fairview Avenue North so construction crews can begin […]
November 13, 2014
Business
Cement shortage in Michigan could delay some construction projects into next year
Construction projects across the state of Michigan that are dependent upon concrete are being delayed due to a cement shortage caused by what is being called a “perfect storm” of events. According to a report from the Detroit Free Press, the Michigan cement industry had to delay the start of shipping this spring due to […]
November 11, 2014
Business
AGC economist forecasts strong construction growth thanks to ‘shale gale’, Panama Canal expansion
The morning after Republicans won back the U.S. Senate, Ken Simonson, chief economist for the Associated General Contractors of America, said that conservative majorities in both houses of Congress are unlikely to spend money to improve the the country’s infrastructure, but that private construction will be robust. The keynote speaker Wednesday at the 2014 Association […]
November 6, 2014
Business
ARA: U.S. equipment rental market to grow 7.3 percent this year, slightly down from earlier predictions
Revising its forecast slightly down from the 7.6 percent growth predicted in July, the American Rental Association now sees 7.3 percent growth this year in the U.S. equipment rental market. The total market—consisting of primarily construction equipment and general tool segments, but also including a party and event component—is now expected to reach $35.7 billion, […]
November 5, 2014
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