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Business: Page 123
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
Sponsor Content
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February 1, 2025
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
Business
Fontaine Heavy-Haul names John Krier president, prepares to launch 2 new trailers
Fontaine Heavy-Haul has named John Krier as its new company president. Krier has previously served with the organization as senior corporate accountant for Marmon Holdings, MHT assistant sector controller, controller for Fontaine Spray Suppression, group controller for the Trailer and Truck Products and Services sub-sector and president of Fontaine Coupling Solutions. The company has also […]
July 17, 2014
Business
4 tips for developing a health and wellness program at your construction firm (and why you should)
Construction company owners are in a unique position when it comes to assessing and helping their employees manage their health and wellness. Construction is difficult, demanding work, and having employees at the top of their game both mentally and physically is crucial. The firms are also often small enough for company owners to be able […]
July 16, 2014
Business
House passes $10.8 billion quick fix as highway construction funding nears insolvency
The House on Tuesday passed a nearly $11 billion quick fix that would stave off the looming insolvency of the Highway Trust Fund (HTF), the primary source of federal funding for road construction and repairs. The bill passed a week after the White House and transportation officials urged lawmakers to try and find a long-term […]
July 16, 2014
Business
Granite Construction names Christopher Miller executive VP and COO
Christopher S. MIller is Granite Construction’s new executive vice president and chief operating officer, effective August 4th. Reporting to James H. Roberts, president and chief executive officer, Miller will oversee Granite’s day-to-day operations. MIller comes to Granite with executive experience at CH2M Hill, serving in the position of managing director, global operations and president of […]
July 16, 2014
Business
Construction worker reportedly fired for flying Alabama football flag at Texas A&M stadium jobsite
If you’re unfamiliar with just how seriously folks down in the South take their college football, one construction worker has reportedly learned that lesson after being fired for hanging one team’s colors at the wrong stadium. A massive, $450 million project is going on at Texas A&M’s Kyle Field football stadium, according to the Dallas […]
July 15, 2014
Business
Dire States hits the road to drum up support for Texas highway construction initiative
Nearly 180 years ago the toughest hombres ever to ride a horse and carry a rifle blazed a trail across Texas, conquering impossible odds to turn that hardscrabble land into one of the country’s most prosperous states. Today, if there are any hombres left, they’re probably stuck in traffic. One person who is helping build […]
July 15, 2014
Business
STEM graduates are finding a weak job market. Why that could be a big opportunity to fix construction’s skilled labor woes
A recent article at Business Insider revealed an odd wrinkle in the job market. According to Census Bureau statistics, less than half the college graduates with STEM degrees (science, technology, engineering and math) find jobs in STEM related fields. This wouldn’t be surprising except for the fact that so many people bleat on like a […]
July 11, 2014
Business
House panel’s proposed $10.5 billion stopgap for highway funding meets disapproval of Senators, AEM
The House Ways and Means Committee has proposed a stopgap to fund transportation projects for eight months, but Sens. Barbara Boxer (D-Calif.) and Tom Carper (D-Del.) are opposing the plan. According to a report from The Hill, the Ways and Means Committee have proposed a $10.5 billion, eight-month funding bill that would extend transportation funding […]
July 10, 2014
Business
Cummins taps Rich Freeland president and COO, Dave Crompton president of engine business
Cummins today announced that it has named Rich Freeland president and chief operating officer of the company. Freeland will focus on the company’s daily operations and report to company chairman and Chief Executive Officer Tom Linebarger. Freeman is a veteran at Cummins having joined the company in 1979. Prior to his selection as company president, […]
July 9, 2014
Business
White House, transportation leaders push Congress to find a long-term highway funding solution sooner rather than later
The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that insolvency to occur by the end of August. White House press secretary Josh Earnest […]
July 9, 2014
Roadbuilding
Contractor’s dewatering claim for $24 million dismissed based on failure to follow contract disputes act
Contractor’s dewatering claim for $24 million was dismissed based on failure to follow contract disputes act.
July 2, 2014
Business
If you don’t know how to build a house, how can you build a country?
Last week the New York Times ran a story lamenting the loss of quality and craftsmanship in houses built today. The author also linked that questionable observation (with cringe-worthy logic) to the declining quality of our infrastructure. It’s not a new complaint. But the ignorance of the writer and the editors on what constitutes a […]
July 2, 2014
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