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Business: Page 116
Business
More reasons not to build toll roads
As a follow up to my earlier post on the Texas SH 130 toll road, I wanted to elaborate on another reason why I think toll roads are a bad idea: elitism. Tolls for me, free for thee Most of the sophisticated toll systems today photograph your license plate or read an RFID transponder in […]
January 19, 2015
Business
Falling oil prices could slow Texas construction industry
Construction equipment manufacturer Caterpillar has already taken a hit from falling oil prices and a new report from the Washington Post cautions that the Texas construction industry might soon see a slowdown for the same reason. The Post reports that credit rating agency Fitch has said that the ongoing drop in oil prices could undo some of the income generated […]
January 16, 2015
Sponsor Content
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February 1, 2025
Business
Feds to crack down on widespread construction tax evasion scheme in Florida
The federal government has announced a partnership with Florida state officials to begin cracking down on the widespread use of a tax evasion scheme by construction companies throughout the state. According to a report from the Miami Herald, which uncovered much of the corrupt dealings during a year-long investigation published in September, the U.S. Department of Labor […]
January 14, 2015
Business
Caterpillar cost-cutting continues: company to clip 240 workers at Illinois mining plants
Caterpillar will lay off 240 workers across two of its Illinois plants as the company continues to cope with a global decline in demand for mining equipment. The company told the Chicago Tribune it will begin the layoffs January 19 at its Decatur and East Peoria plants, both of which manufacture products for the mining industry. Cat […]
January 9, 2015
Business
Construction adds 48,000 workers in December to finish 2014 at nearly 6-year high
The construction industry added Americans to its workforce in every month of 2014, an employment streak capped by an addition of 48,000 workers in December. The U.S. construction workforce now employs 6.166 million people according to preliminary data from the Labor Department. That’s the highest employment mark for the industry since March 2009 when it employed 6.291 million. […]
January 9, 2015
Business
Jobsite Unite’s social platform streamlines construction project information
Crews can streamline communication on the worksite with Jobsite Unite, a new mobile and web-based communication platform that allows superintendents, foremen, project managers and workers to more effectively communicate, boosting safety and awareness. The system works by allowing workers to check-in using tablets or smartphones, enabling location-based communication while creating a roll call. Users can […]
January 9, 2015
Business
A drive on a Texas high-speed toll road: Is this how everybody will drive in the future? I hope not.
Over the holidays I had the opportunity to travel south on the newest Texas toll road, otherwise known as State Highway 130. The 131-mile road was built to ease Austin’s crushing traffic burdens, particularly along Interstate 35, but controversy has dogged the project since the road opened. The financing for SH 130 has always been […]
January 8, 2015
Business
At groundbreaking, California trades union head calls high-speed rail construction “greatest infrastructure project” in U.S. history
Despite years of controversy and wondering where the money to fund its construction would come from, ground was officially broken Tuesday on California’s first high-speed rail line in Fresno. Expected to be completed by 2029, trains on the $68 billion railroad will travel at speeds up to 200 miles per hour, spanning 520 miles from San Francisco […]
January 7, 2015
Business
Larry Weyers named president of Manitowoc Cranes, Etchart steps down to VP role
Eric Etchart is stepping down from his role of president at Manitowoc Cranes and into a vice president role as part of The Manitowoc Company’s succession plan for Etchart’s upcoming retirement. Etchart has served as president of the cranes business for the past eight years. He has a planned retirement in the coming years, according to a […]
January 7, 2015
Success Stories
Lifelong love of construction gives third-generation contractor Brad Phillips a distinct advantage
When you ask Brad Phillips when he first became interested in construction, his answer is straightforward: “I can’t remember when I haven’t been.” And when you look at Brad’s background, his answer makes perfect sense. Brad is part of the third generation that runs Phillips Companies, Beavercreek, Ohio. The company, which was started by his […]
January 6, 2015
Business
States must take the initiative in environmental streamlining
Even as the green movement expands its war against fossil fuels, it’s losing ground in its ability to use federal legislation to strangle new highways and capacity improvements in the cradle. Since 2005, serious reforms in federal surface transportation legislation like today’s MAP-21 and its predecessor, SAFETEA-LU, have allowed states to shorten the time it […]
January 6, 2015
Business
Caterpillar shares fall after analyst downgrades stock due to falling oil prices
While the falling price of oil has been delighting consumers at the pump across the U.S. for the last couple of months, the situation recently became decidedly less delightful for Caterpillar executives. Shares of the Peoria, Illinois-based heavy equipment maker dipped 5 percent at the market’s close Monday to $87.03 after JPMorgan downgraded its rating of the […]
January 6, 2015
Business
R. Barry Uber, former president of Ingersoll-Rand Construction and Mining Group, dies at 69
Barry Uber, a 30-year veteran of Ingersoll-Rand, passed away on Dec. 31 in Springfield, Vermont. Uber began his career at Ingersoll-Rand in 1967, starting as a sales engineer. He held positions in the company’s construction machinery sales, service and rental areas, and later served as vice president and general manager of Ingersoll-Rand’s Road Machinery Division […]
January 6, 2015
Business
Construction spending dips 0.3% in November due to decrease in government nonresidential
Increases in homebuilding in both the private and public sectors were not enough to offset a decrease in government nonresidential as construction spending fell 0.3 percent in November. According to preliminary estimates from the Commerce Department, construction spending in November fell to a seasonally adjusted annual rate of $975 billion. The new data also revised the September and October rates […]
January 5, 2015
Roadbuilding
Behind the resurfacing of an Iowa highway
When looking up miscellaneous statistics, you learn that average life of a U.S. currency $10 bill is 4.2 years, and a common goldfish – properly cared for – will last 7 to 14 years before going belly up. When it comes to roadbuilding, the Iowa Department of Transportation expects to see a highway road surface […]
January 2, 2015
Business
AASHTO: Annual road investment of $120 billion needed to keep up with demand
Next year will be a critical year for America’s surface transportation infrastructure, according to a just released report from the American Association of State Highway and Transportation Officials. In addition to getting highway legislation beyond the short-term mindset (a current extension ends in May), an annual investment of $120 billion for highways and bridges between 2015 and […]
December 24, 2014
Business
Will the plunge in crude oil prices kill the fracking boom?
For the last few years the conventional wisdom has been that fracking and oil and gas extraction in shale will continue to be profitable as long as crude oil prices remain above $70 a barrel. Below that point, middle eastern crude, which can be pumped out of the ground for less than $20 a barrel […]
December 23, 2014
Business
Tadano America comic book embezzler named one of top 10 costliest frauds
The $9.3 million embezzlement by the former head of legal affairs and human resources at Tadano America was among the top 10 costliest embezzlements reported in the 2013 Marquet Report on Embezzlement, released last Friday. The Marquet report delves into white collar fraud on cases where at least $100,000 was alleged to have been misappropriated. […]
December 23, 2014
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