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Business: Page 116
Business
Palm Beach high school construction academies seek to fill Florida’s skilled worker shortage
The Palm Beach County school district has opened three construction academies that are equipping students from ninth through 12th grades with valuable construction skills through real-world, hands-on experience. According to a report from the Palm Beach Post, academies have opened at high schools in Delray Beach, Loxahatchee and the Glades as construction firms across the state […]
June 2, 2015
Success Stories
This “crazy diverse” Iowa contractor thrives on doing work that other companies shun
“I knew from high school I wanted to be a contractor,” says Jeff Pettiecord. So he started doing small remodeling jobs shortly after graduating, and eventually started his company in 1984. But it was the early 1980s and times were tough. “I literally chased fire trucks,” Jeff recalls. He’d call on the owners of the fire-damaged […]
June 2, 2015
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February 1, 2026
Business
Construction spending up 2.2% in April to $1 trillion, 6-year high
Big gains in nonresidential boosted total construction spending in April 2.2 percent, according to preliminary estimates from the Commerce Department. Spending rose to a seasonally adjusted annual rate of $1.006 trillion, the highest figure in more than 6 years and up 4.8 percent over April 2014. Total residential construction spending rose 0.6 percent to a rate of $359 billion while […]
June 1, 2015
Business
Construction lending is outpacing that of completed buildings with rates at their lowest since 2007
It’s OK. You can call it a comeback. Though much of the talk around whether or not the construction industry has truly rebounded or not has died down in the last six months or so, a new study has highlighted a particularly interesting statistic that points to just how strong the industry’s turnaround is. According […]
May 28, 2015
Business
John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues
Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy equipment manufacturer continues to see profit and sales declines due to the global slowdown in agricultural equipment demand. The manufacturer reported an 18-percent decline in sales during the second quarter to $8.171 billion. Profit fell […]
May 26, 2015
Dealers
SDLG, Liebherr, Takeuchi, others add dealers in the latest Dealer and Manufacturing News Roundup
Takeuchi names Salesman of the Year, Top Volume dealer and adds dealer Jimi Martin of Perimeter Takeuchi in Buford, Georgia, has been named Takeuchi’s Salesman of the Year. Ranking number one in retail sales, 2014 marks the second consecutive year Martin has received the award. Folcomer Equipment, a full-service dealer with five locations in Aberdeen, […]
May 22, 2015
Business
Confidence in heavy equipment financing market drops
Confidence in the equipment finance market declined slightly from April to May, according to the Equipment Leasing and Finance Foundation’s Monthly Confidence Index. The foundation, a non-profit that conducts research on the equipment leasing and finance industry reported a 67.5 index, which is slightly lower than the April index of 70.7. The index is determined […]
May 21, 2015
Business
Will NYC’s Nordstrom Tower overtake One World Trade Center as the tallest building in the U.S.?
In case you haven’t noticed, we’re in the thick of a supertall building boom. As we reported earlier this year, 97 skyscrapers and 11 supernal buildings (skyscrapers taller than 984 feet) were completed in 2014—more than in any other year. And nowhere is the race to the tip-top heating up more than in New York City, […]
May 20, 2015
Business
Home starts back on track with 20% jump in April
Thanks to a big April, the start of construction on new homes in the U.S. has fully recovered and then some from a rough winter punctuated by a 16-percent drop in February. Home starts rose 20.2 percent in April to a seasonally adjusted annual rate of 1.135 million, according to preliminary data from the Commerce Department. Starts are […]
May 19, 2015
Dealers
Ditch Witch launches redesigned website with HDD configurator, dedicated dealer pages
Ditch Witch has launched as completely redesigned website which brings a new customer account portal and faster access to local dealer information. The new ditchwitch.com features a responsive design making it capable of adapting to all screen sizes, including desktop, tablet and mobile. Through the site’s new HDD Advisor feature, customers can build the right tooling […]
May 19, 2015
Business
Kubota to relocate U.S. headquarters to Texas
In a joint statement with Texas Gov. Greg Abbott, Kubota Tractor has announced it will relocate its U.S. headquarters from Torrence, California, to Grapevine, Texas, a city located near Fort Worth. RELATED >> Kubota reveals specs on new SSV65 and SSV75, company’s first skid steer loaders (PHOTOS) Kubota President and CEO Masato Yoshikawa said the decision to relocate […]
May 18, 2015
Business
Contractor busted for using his construction company’s office to grow pot in Massachusetts
Police in Maryland arrested the owner of a Bellingham construction company earlier this week after discovering the man was using his office to grow a large amount of marijuana. According to a report from WCVB TV, police seized 36 marijuana plants from Attorney General Construction. The owner, 51-year-old Arcadio Gonzales, was later arrested and charged with cultivating […]
May 14, 2015
Business
Caterpillar to lay off another 150 workers at Illinois mining plant
Caterpillar has announced a second round of layoffs at its Decatur, Illinois facility. Following a January 19 round of cuts that laid off more than 200 workers across the Decatur and East Peoria plants, Caterpillar has confirmed plans to lay off an additional 150 workers in Decatur where the company manufactures products for the mining industry. The […]
May 8, 2015
Business
Ritchie Bros. names Terry Dolan president of U.S., Latin America business
A 15-year veteran of the industrial sector backed by strong experience with construction, mining and agriculture, Terry Dolan has been announced as Ritchie Bros. Auctioneers’ next U.S./Latin America president. Dolan leaves Global Commercial and Industrial Products’ Generac division where he served as executive vice president for four years. According to the Ritchie Bros. announcement, during his time […]
May 8, 2015
Success Stories
“Hiring for character, training for skill,” New York’s Lawrence Merle is our 2015 Contractor of the Year
Before taking his first construction job, the only knowledge Larry Merle had of the industry was “Mike Mulligan and His Steam Shovel,” a classic children’s book his mother shared with him as a child. The story of Mike and his shovel Mary Anne became his favorite, and his mom read it to him every single […]
May 6, 2015
Business
Construction spending falls 0.6% in March with lone gains in nonresidential
With decreases across all sectors save for private nonresidential, U.S. construction spending fell 0.6 percent in March to a seasonally adjusted annual rate of $966.5 billion, according to preliminary estimates from the Commerce Department. Spending remained 2 percent above the March 2014 level. Total residential spending fell 1.6 percent to a rate of $354.7 billion and […]
May 5, 2015
Business
Terex sales drop 9% as 1Q results in a loss
In its earnings report for fiscal year 2014 in which the company reported a big 27-percent profit increase, Terex cautioned investors that it expected a drop in sales during a more challenging 2015. The change is already taking hold. During the first quarter of 2015, the company reports a 9-percent drop in sales to $1.5 […]
May 4, 2015
Business
Material Tracker site matches contractors for receiving construction materials or dumping excess
In its sales pitch, Material Tracker makes a scary-good point: “Unknowingly, you may have driven past a dump site that could help save time, fuel costs and make more money.” Having too much or too little material on construction sites has just been a harsh reality of the business. Now, it’s just one more cost the […]
May 1, 2015
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