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Business: Page 118
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
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August 4, 2025
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
Business
Despite slight dip in profit during first 6 months, Komatsu revises full-year forecast upward on “brisk” equipment sales
Sales and operating income at Komatsu are up during the first six months of the company’s fiscal year, but the increases weren’t enough to stave off a slight dip in profit. The Japanese heavy equipment manufacturer reported sales of $8.3 billion (942.5 billion Japanese Yen), during the first half of fiscal year 2o14, which ends […]
November 3, 2014
Business
Construction spending falls 0.4% in September due to dip in government projects
Construction spending in the U.S. fell for a second consecutive month in September, dipping 0.4 percent. According to preliminary estimates from the Commerce Department, spending was at a seasonally adjusted annual rate of $951 billion in September. In addition to the dip in September, the report revised downward the rates for the previous two months as […]
November 3, 2014
Business
Kobelco opens new North American headquarters in Texas
As a result of expected rapid growth in their sale of excavators in North America, Kobelco Construction Machinery has opened a new corporate headquarters in Katy, Texas. Designed to service dealers and customers in the United States, Canada and Latin America, the location features parts warehousing capabilities including a floor plan and racking configuration that […]
November 3, 2014
Business
Terex sells 51% of ASV to Manitex, resulting in skid steer, compact track loader joint venture
Terex is selling 51 percent of ASV to Manitex International, resulting in a joint venture that is 51 percent owned by Manitex and 49 percent owned by Terex. The joint venture will manufacture skid steers and compact track loaders. According to Terex, after the agreement is finalized, ASV will continue to sell its skid steers […]
November 3, 2014
Business
Terex profit falls 30% in 3Q, reduces expectation for full-year earnings
Despite a slight sales boost, equipment manufacturer Terex saw earnings fall during the third quarter and has reduced its earnings forecast for the full year. Sales were up 3 percent over the same quarter last year to $1.8 billion, mainly due to the continued success of the company’s aerial work platforms (AWP) segment and a […]
November 2, 2014
Business
When the Marcellus Shale provided the opportunity, West Virginia contractor Dwaine Doss was ready
Most contractors understand you don’t waste daylight. But by the time the sun breaks over the mountains of central West Virginia, Dwaine Doss has already put in hours of work. When your customers are the top dogs drilling for gas in the Marcellus Shale, starting time is typically 4:30 a.m. Quitting time? Don’t ask. Long […]
November 1, 2014
Dealers
Quick Data: New and used grader sales for November 2014
November 1, 2014
Business
Turnaround in construction equipment sales lone 3Q highlight as CNH Industrial profit plummets 113%
Following a second quarter where profit increased despite sales declines, CNH Industrial did not fare nearly as well in the third, as sales and revenues fell again and profit has plummeted year-over-year. CNH Industrial, makers of the Case Construction and New Holland equipment brands, saw profit fall 113 percent during the third quarter from the […]
October 31, 2014
Business
Bomag will move Cedarapids, CMI equipment production to new South Carolina headquarters
In order to create what Bomag Americas president Walter Link called a “North American epicenter for operations,” the company has announced that it will also be transitioning the manufacturing of its Cedarapids asphalt paving and CMI reclamation/stabiliziation equipment to its new South Carolina headquarters. By the end of this year, the company will have transitioned […]
October 31, 2014
Business
Former DOT Sec. LaHood: “We need a big pot of money” to fix America’s roads and bridges
Continuing his “America is one big pothole” theme, former U.S. Department of Transportation Secretary Ray LaHood used an appearance at a Caterpillar press event Wednesday night to lambast the present direction of U.S. transportation policy. Calling the 2-year transportation bill passed in 2012 “chintzy,” LaHood called upon Congress to think as roads as economic corridors. […]
October 30, 2014
Business
Toro buys BOSS snowplows, salt and sand spreaders
Toro will buy the BOSS business of Northern Star Industries, based in Iron Mountain, Michigan. BOSS makes snowplows, salt and sand spreaders for light and medium duty trucks, ATVs, UTVs and loaders. Michael J. Hoffman, Toro chairman and CEO says the BOSS line will be added to Toro’s existing professional contractor businesses. “We’ve long been […]
October 29, 2014
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