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Business: Page 120
Business
CNH Industrial profit up 10% despite sales declines in construction and ag equipment
A slight increase in revenues boosted profit 10 percent at CNH Industrial during the second quarter of the year as sales gains in the company’s powertrain segment offset decreases in both construction and agriculture equipment. CNH, makers of the Case Construction and New Holland equipment brands, saw revenues rise to $8.9 billion, up 0.9 percent from the […]
August 4, 2014
Business
Toll roads, P3s and creative financing will bring short-term gain, long-term disaster for the road building industry
For the last half-century gas and diesel taxes collected at the pump have been the primary source of funding for almost all our highway infrastructure. But Congress hasn’t  increased the gas tax or adjusted it for inflation since 1992. Anti-tax advocates claim this as a victory, but it’s not. With the highway trust fund running […]
August 1, 2014
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February 19, 2025
Business
Congressional showdown ends with Senate passing House’s $10.8 billion highway funding patch
The Senate on Thursday passed a 10-month funding bill that will prevent the Highway Trust Fund from going broke until the end of May. The bill was first passed by the House earlier this month, and is now just a presidential signature away from becoming law. The bill’s clearance in Congress comes after a showdown […]
August 1, 2014
Business
Construction adds 22,000 jobs in July; employment now at highest level in more than 5 years
The U.S. construction industry added jobs for a seventh-straight month in July, a streak that has propelled the sector’s employment to its highest level since May 2009. July saw a sizable gain of 22,000 workers bringing the number of Americans employed in construction to 6.041 million, according to preliminary data from the Commerce Department. The […]
August 1, 2014
Business
U.S. construction spending drops 1.8% in June with losses in nonresidential and government projects
Construction spending in the U.S. fell 1.8% in June for the first drop in one year. Construction spending fell to $950 billion in June from the revised May figure of $967.7 billion. Due to the revision of that figure, what was a 0.1-percent increase in May is now an 0.8-percent increase. Total spending is up 5.5 […]
August 1, 2014
Business
How adding services helped J&S General Contracting grow during the recession
Neither lengthy winters nor a crippling recession slowed down Steve Mueller or Dan Thiel. Instead, they combined their business savvy, passion for the outdoors, honest work ethic and love for their community to create J&S General Contracting in Osceola, Wisconsin.  Getting started Mueller’s first industry experience came when he was 8 years old, mowing […]
August 1, 2014
Business
H&E Equipment Services rental revenues up 18%, equipment sales up 20% in 2Q
Integrated construction equipment distribution and rental firm H&E Equipment Services says its rental revenues increased 18 percent in its second quarter compared with the same time last year due to “strong physical utilization while continuing to expand the fleet” because of high demand. The average time utilization, based on original equipment cost, was up almost […]
August 1, 2014
Business
Senate passes highway bill with reduced funding; sends vote back to House with pressure for long-term solution
On Tuesday the Senate voted to pass a bill that would stave off the looming insolvency of the Highway Trust Fund (HTF) after making key changes to the legislation that will send it right back to the House for another vote. The HTF is the primary source of federal funding for road construction and repairs. The […]
July 30, 2014
Business
Sany guilty of infringing Manitowoc crane patent in initial ruling from U.S. International Trade Commission
After opening its investigation of the case more than a year ago, the U.S. International Trade Commission has made an initial ruling in favor of Manitowoc in the crane manufacturer’s patent infringement lawsuit against Sany America. The ITC ruled earlier this month that Sany’s SCC8500 crawler crane violates section 337 of the Tariff Act of 1930, saying that […]
July 29, 2014
Business
Komatsu sees slight boost in sales and profit during 1Q
Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]
July 29, 2014
Business
Rochester sees increase in female home builders as industry rebounds
Women are having a big impact on the housing market in Rochester, New York, and not in the traditional sense. The city has seen a sizable increase in the number of home development firms led by women. According to a report from the Democrat & Chronicle, two of the seven homes recently shown at a showcase […]
July 28, 2014
Business
Terex sees big profit increase as AWP and MHPS segments boost sales
In its latest earnings report, Terex announced increases in both sales and profit during the second quarter of the year. The company’s net sales increased to $2.05 billion, up 10.4 percent from the second quarter of 2013 again mainly due to strong performances from the company’s Aerial Work Platform and Material Handling and Port Solutions (MHPS) […]
July 25, 2014
Business
Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast
Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit during the second quarter. The company today announced profits of $999 million, or $1.57 per share, for the second quarter ending June 30. That’s up 4 percent from the $960 million earned during the same […]
July 24, 2014
Business
In wake of safety manager’s death, California construction company continues to pay his salary; coworkers raise $120k to support family
A construction company in Milpitas, California is honoring a former employee by making sure his family is well taken care of after a tragic accident took his life more than five months ago. Lindsey Van Why, a 42-year-old husband and father to two young boys, was killed in a skiing accident on February 14 in […]
July 24, 2014
Business
Sales slump in China offsets gains elsewhere as Volvo CE operating income falls 43% in 2Q
After kicking the year off with a sales boost and 29-percent increase in operating income during the first quarter, things cooled off considerably for Volvo Construction Equipment during the second quarter. Volvo CE saw slumping demand for equipment in China hurt its bottom line considerably with a 43-percent year-over-year decrease in operating income to $109.5 […]
July 21, 2014
Business
Building the future of your construction company: Matching tech-savvy, young employees in a mentorship with seasoned crew members
When I listen to contractors tell me how they first became involved in construction—usually a tale of early exposure and family tradition—it has hit me that what this industry needs is a corporate adoption program. But as the chances of our own Orphan Train Movement are slim, the best option we’ve got is growing the […]
July 18, 2014
Business
Worker fired for hanging Alabama football flag at Texas A&M stadium made Facebook posts suggesting he sabotaged construction
Earlier this week, news and a particular photo went viral concerning a construction worker and University of Alabama football fan being fired from the ongoing renovations at Texas A&M’s Kyle Field stadium. Over the last couple of days, more information about the fired worker has come out. The worker’s name is Bobby Livingston and according […]
July 18, 2014
Business
Home starts fall 9.3% to 9-month low in June, but builder confidence is on the rise
After gains in Spring jumpstarted what many hoped would be a high-activity construction season following a harsh winter, construction on new homes in the U.S. was down for the second consecutive month in June. Home starts fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000—the lowest pace in nine months. The Commerce […]
July 17, 2014
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