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Business: Page 121
Business
John Deere cuts 910 ag factory workers, adds 220 to construction equipment facilities
John Deere announced today that it would layoff 910 employees across five agricultural equipment factories in Iowa and Illinois as the company cuts costs in response to an ongoing global farming slowdown. The heavy equipment manufacturer said it would layoff 565 from three plants in Waterloo, Iowa, as well as 300 in Ankeny, Iowa and 45 […]
January 23, 2015
Business
Los Angeles at a tipping point: get serious about public transportation or sink into Third World status
Last week I got the opportunity to visit Southern California and see how the country’s most famous freeways were holding up. I pulled out of LAX in my rental car just after lunch, gunned it onto the 405 and then west on 101 and barely had to tap the brakes during four hours of high-speed […]
January 23, 2015
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February 1, 2026
Business
Four red flags you’re ruining your construction crew’s productivity
“The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint enough to keep from meddling with them while they do it.” –Theodore Roosevelt Conventional wisdom tells us a strong business needs a strong leader. A decisive and dynamic leader is the most […]
January 23, 2015
Business
With December bump, U.S. home builders started 9% more homes in 2014
Despite an up and down year heavily-influenced by apartment construction, home builders in the U.S. began work on more new homes in 2014 than the previous year. During December, starts on both single-family homes and apartments rose 4.4 percent to a rate of 1.043 million, according to preliminary data from the commerce department. The final tally for […]
January 21, 2015
Business
Obama urges Congress to focus on improving infrastructure rather than Keystone XL in State of the Union
President Barack Obama in his sixth State of the Union address made little mention of issues related directly to construction and transportation, which has in years past come in the form of the president pushing Congress to do more to fund highways and other transportation infrastructure. Unlike recent years, however, the president only briefly addressed transportation infrastructure […]
January 21, 2015
Business
The world built more skyscrapers and supertall buildings in 2014 than in any other year in history
If you live in a large city and have thought it seems like a lot of new skyscrapers are going up, you would be correct. That’s because the world is in the middle of a skyscraper surge, with 2014 seeing the construction of more tall and supertall buildings completed than in any other year. According […]
January 20, 2015
Business
ARA expects heavy equipment rental market to grow 8.5% to $26 billion in 2015
The American Rental Association said it expects the 2015 U.S. construction/industrial equipment rental market to grow 8.5 percent this year, reaching $26 billion. General tool rentals will grow 8.8 percent to $9.9 billion, the association predicts. “The industry growth forecast remains more than double that of the overall economy,” says Christine Wehrman, ARA’s executive vice […]
January 20, 2015
Business
Bird advocates call for special glass that could seriously delay Vikings stadium construction, add $60 million to cost
Crews and head contractor Mortenson Construction have successfully fought through a worker shortage and below-freezing temperatures to keep construction on the new Minnesota Vikings football stadium on schedule. But like a running back who has fought his way to the end zone only to have his celebration cut short by a late penalty flag, Mortensen has […]
January 19, 2015
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
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
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