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Business: Page 123
Business
JCB at work on 3 more military projects following success of HMEE high-speed, armored backhoe
Ten years into a successful run of manufacturing a high-speed, armored backhoe for the U.S. Army, the machine’s impact is still being felt at JCB, and especially at the company’s North American headquarters in Savannah, Georgia. In a recent report from the Savannah Morning News, JCB detailed how it won its initial $206 million contract—the […]
July 22, 2015
Business
Volvo CE profit jumps 80% in 2Q thanks to big sales increases in North America
Following two consecutive quarters of large losses, Volvo Construction Equipment saw a huge increase in profit during the second quarter, mainly supported by increased sales in North America. Sales increased to 15.4 billion SEK ($1.8 billion), up 5 percent over 2Q 2014. Meanwhile, profit rocketed upward 80 percent to 1.35 billion SEK ($157 million). RELATED […]
July 20, 2015
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Business
Home starts jump 9.8% as apartment construction reaches 28-year high
Thanks to a surge in new apartments, May’s decrease in home construction starts was followed up by a sizable increase in June. Construction on new homes jumped 9.8 percent in June to a rate of 1.174 million, according to preliminary data from the Commerce Department. The rate represents a 26.6-percent increase over June 2014 and the […]
July 17, 2015
Business
Former worker on Apple’s Campus 2 jobsite says tech giant expects iPhone-like level of detail from construction
In an exclusive interview with Business Insider, a person who worked on the construction of Apple’s spaceship-like Campus 2 project tells the publication the tech giant expects the same level of detail in the building’s construction as it does when designing and building the iPhone. According to the report, no expense is being spared on the […]
July 16, 2015
Roadbuilding
House Republicans say latest stopgap is best route to a long-term highway bill
With just two weeks to go before the Highway Trust Fund expires, Republicans in the House of Representatives have proposed yet another stopgap to fund transportation projects for another five months. The bill would provide $8.1 billion through December 18. The House plan was released by House Ways and Means Chairman Paul Ryan (R-Wisconsin) and Transportation and Infrastructure Chairman Bill […]
July 15, 2015
Roadbuilding
Holcim and Lafarge complete merger; LafargeHolcim to launch July 15
The merger of Holcim and Lafarge has been completed, and LafargeHolcim has emerged as the largest aggregate producer in the world. Holcim announced in a press release that all of the conditions to complete its merger with Lafarge were complete July 10 with the success of the public exchange offer. The merger completion activates the new Board of Directors and […]
July 14, 2015
Dealers
Lincoln Electric endows welding fund, a new H&E facility and more in the latest Dealer and Manufacturing News Roundup
Lincoln Electric endows Ohio State welding engineering program Cleveland-based Lincoln Electric and David Lincoln have co-funded the first endowed professorship in welding engineering at The Ohio State University. In addition to a $1 million donation, the company also donated or consigned approximately $420,000 worth of welding equipment and technology for use by Ohio State students […]
July 10, 2015
Business
Latest round of Caterpillar layoffs hits Pontiac fuel systems plant
After laying off nearly 200 workers at its East Peoria plant last month, Caterpillar has announced another wave of cuts, this time at its Pontiac, Michigan, plant. According to a report from the Peoria Journal Star, Cat will place 35 full-time employees at the plant, which manufactures fuel systems, on indefinite layoff and will fire another 10 […]
July 8, 2015
Business
Striking concrete workers halt work at 30 NYC construction sites
Concrete workers belonging to the New York City District Council of Carpenters have gone on strike, bringing work to a halt at an estimated 30 jobsites around the city. According to a report from Crain’s New York Business, the strike is the result of the ending of a collective bargaining agreement between the council and the Cement […]
July 3, 2015
Business
U.S. construction spending continues climb; up 0.8% in May
Nonresidential projects again led to a sizable gain in U.S. construction spending during May, according to preliminary estimates from the Commerce Department. Spending rose to a seasonally adjusted annual rate of $1.035 trillion, the highest figure since October 2008 and an increase of 8.2 percent over May 2014. Total residential construction spending rose 0.3 percent to a rate of $366 billion […]
July 2, 2015
Business
New Holland taps Lieberman as new VP of North America
Bret Lieberman, a 25-year veteran of CNH Industrial is the next vice president for North America at New Holland equipment. “I am excited for this new opportunity to lead the brand as I have spent a significant portion of my career here on the New Holland campus,” Lieberman said in a statement. “I deeply understand the […]
July 2, 2015
Business
Refocused by military service, New Jersey contractor rebuild’s company culture, transforms his business
While most people deal with work as one of life’s harsh necessities, Jason Ciavarro not only puts in the hours, he relishes them. “Work is where I find my joy and passion,” he says with a smile from the end of a conference room table at the offices of Supreme Metro Corporation in South Plainfield, New Jersey, office. […]
July 2, 2015
Business
New Labor Dept. regs require employers to pay overtime to additional 5 million workers
In an op-ed published by the Huffington Post, President Obama revealed his administration’s plan to raise the wages of millions of American workers through new Labor Department regulations. “We’ve got to keep making sure hard work is rewarded. Right now, too many Americans are working long days for less pay than they deserve,” Obama wrote. “That’s […]
July 1, 2015
Business
Liebherr to take over production of Claas Scorpion ag telehandlers under new deal
Under a new agreement between the two companies, Liebherr will begin manufacturing the Scorpion agricultural telehandlers for fellow European manufacturer Claas in 2018. Liebherr will take over manufacturing of the Scorpion from Kramer-Werke, a subsidiary of Wacker Neuson. Kramer and Claas have announced their partnership will conclude at the end of 2017. Kramer has manufactured the […]
June 30, 2015
Business
Carolina Cat Power Systems completes construction of 10-acre solar farm
The construction of a 10-acre solar farm, led by Carolina Cat Power Systems, is nearing completion. Scheduled to open within the next few days, the farm, located in the city of Shelby, will contain 9,828 solar panels. The farm will be capable of producing 3 megawatts of electricity—enough to power about 250 homes. Duke Energy […]
June 30, 2015
Roadbuilding
Illinois DOT chief meets with group to discuss lack of minority contractors hired
An Illinois group recently met with Illinois Transportation Secretary Randall Blankenhorn to discuss the lack of minorities hired for construction contracts. KWQC reported that the group, led by the Rev. Dwight Ford of Grace City Church in Moline, is tied to a monthly meeting called “Critical Mass” where community members discus challenges and specifically the few […]
June 30, 2015
Business
Is the golden age of underground construction upon us?
During the Great Recession, one phrase reached cliché status: “this is the new normal.” In other words, suck it up, things will never be as good as they once were. Get used to diminished returns and don’t dwell on what used to be. So it tends to give you pause when Chris Daum, senior managing […]
June 25, 2015
Business
John Deere to call back some laid off workers to Waterloo plant
John Deere has announced that it will ask between 50 and 60 workers laid off earlier this year at its Waterloo, Iowa, plant  back to work. According to a report from the Waterloo Cedar Falls Courier, the callbacks will be made based on seniority and many of the workers receiving calls are likely working at other Deere […]
June 25, 2015
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