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Business: Page 124
Business
U.S. construction spending ticks up 0.1% in May despite dip in home building
Construction spending in the U.S. saw a slight increase in May and for the second straight month the gains are largely due to increases in government projects. Construction spending rose to $956.1 billion in April, an increase of 0.1 percent from the revised April figure of $955.1 billion. Due to the revision of that figure, what […]
July 1, 2014
Business
Ritchie Bros. taps Beverly Briscoe as next Board of Directors Chair
This morning Ritchie Bros. Auctioneers announced that its board of directors has appointed Beverly Briscoe to become its new Chair of the Board. Briscoe will replace Robert Murdoch who is stepping down from the board by the end of the year. Murdoch has reached the age limit set for the position but will remain as […]
July 1, 2014
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February 19, 2025
Business
PHOTOS: Construction on Apple’s new $5 billion campus progresses, begins to take “Spaceship” shape
There is very little about Apple’s new company headquarters in Cupertino, California that isn’t impressive. From it’s Spaceship-like circular design to its mammoth size of 2.8 million square feet all the down to the fact that it will create 176 acres of green space on property that just months ago was mostly asphalt. Then there’s […]
June 26, 2014
Business
Senate committee approves bill to bypass Obama, clear the way for Keystone XL pipeline construction
A bill that would temporarily bypass President Barack Obama and approve construction of the controversial Keystone XL pipeline passed a U.S. Senate committee Wednesday receiving bipartisan support. The Energy and Natural Resources committee voted 12-10 Wednesday to approve the bill. All Republicans in the committee supported the bill and were joined by Democrats Joe Manchin of […]
June 19, 2014
Business
Home starts fall 6.5% in May as apartment construction and permits slow
May represented a down month for residential construction in the U.S. as both home starts and permits decreased. U.S. home construction starts fell 6.5 percent in May as new construction on both single-family homes and apartments saw sizable declines. Builders started new homes at a seasonally adjusted annual rate of 1.001 million, down from April’s […]
June 17, 2014
Business
Hard work, soft touch: 3 steps to becoming an effective, modern construction company leader
As anyone who has ever owned a business can tell you, being in charge and being a leader isn’t necessarily the same thing. When you’re running a company, it’s important to make conscious decisions as a leader that will not only enrich your firm, but also benefit your people. In construction, reputation is everything, and […]
June 17, 2014
Business
What World Cup host Brazil can teach the U.S. about ignoring infrastructure needs
In the search for morality tales about the consequences of inadequate investment in infrastructure, it would be hard to top the quagmire of Sao Paulo, Brazil’s largest city. In a recent article for the BBC, journalist Katia Moskvitch noted that the city’s traffic management agency described a rush hour traffic jam last May as a […]
June 16, 2014
Business
Study: Construction among America’s least depressing jobs
According to a new study, blue-collar jobs like construction, mining and those in the oil and gas industry are among the least depressing jobs in America. The study, done by a team of researchers in Cincinnati led by Lawson Wulsin, was limited to the region of Western Pennsylvania, according to a report from Discover magazine. […]
June 16, 2014
Business
Government agency recommends updates to U.S. building codes after study of Joplin tornado
Information gathered after an extensive study of the costliest tornado on record could lead to new building and construction standards as early as 2016. The May 22, 2011 tornado that ripped through Joplin, Missouri was rated EF-5—the most powerful rating available from the National Weather Service—with winds between 200 and 205 miles per hour. The […]
June 12, 2014
Business
Survey finds 68% of Americans want increased federal transportation funding, most willing to pay higher gas taxes
Two-thirds of Americans, or 68 percent, want the federal government to invest more in roads, bridges and mass transit systems, according to the results of a AAA survey released on Tuesday. Additionally, 5 percent of respondents said the federal government should invest less, while 24 percent want transportation spending levels to remain the same. The […]
June 12, 2014
Business
Exports of U.S.-made construction equipment fall 18.8% in 1Q; Africa region accounts for only gains
Exports of construction equipment made in the U.S. fell 18.8 percent between first quarter 2013 and first quarter 2014, according to analysis of Commerce Department data by the Association of Equipment Manufacturers. Construction equipment exports fell to $4.292 billion during the first quarter with nearly all global regions recording either high-single or double-digit losses. The […]
June 11, 2014
Business
Obama signs water projects reauthorization bill into law
President Barack Obama signed the $12.3 billion Water Resources Reform and Development Act (WRRDA) into law on Tuesday, marking the first water projects reauthorization in seven years. The House and Senate both passed the bill last month. Known as the Water Resources Reform and Development Act (WRRDA), the bill authorizes funding for water infrastructure projects. It […]
June 11, 2014
Business
Report: Caltrans decision to hire inexperienced Chinese firm for Bay Bridge welding “will haunt” travelers “for generations”
A detailed investigative report from the Sacramento Bee has found that the California Department of Transportation’s decision to hire a Chinese firm with no experience building bridges to construct key parts of the San Francisco-Oakland Bay Bridge, “will haunt the new span and the traveling public for generations to come.” Construction on the bridge was completed last […]
June 10, 2014
Business
DOL reaches agreement with contractor for $5 million in back wages for 500 workers
Approximately 200 construction workers will receive $3.8 million in back wages and fringe benefits after a settlement between the U.S. Department of Labor and MDG Design and Construction for wage violations at the federally-assisted Grand Street Guild construction project in New York City. MDG had previously repaid more than $1.1 million in back wages to […]
June 10, 2014
Business
Construction worker’s detective work IDs jobsite bandit, recovers his company’s lost material
After a thief made his way onto Murfreesboro, Tennessee jobsite for an elementary school and then made off with between $6,000 and $8,000 worth of metal roofing, JWC Specialties project superintendent Jason Johnson decided to put in a bit of overtime. Telling WSMV TV that he knew reordering the materials would put he and coworkers […]
June 9, 2014
Business
Caterpillar to close 3 Illinois component plants, move work to Michigan
Caterpillar has announced that it will close three of its plants in Illinois in order to consolidate the work at a single plant in Michigan. The plants are all facilities of Anchor Coupling, a wholly-owned subsidiary of Cat that manufacture or distribute hydraulic hose assemblies used in heavy equipment from Cat and other manufacturers, according […]
June 9, 2014
Business
Construction job growth slows in May with 6,000 jobs added
The U.S. construction industry notched its fifth straight month of employment gains in May but saw growth fall off considerably. The industry added 6,000 jobs in May, compared to April’s revised number of 34,000. The original April data from the Commerce Department showed a gain of 32,000 jobs. Construction now employs 6.004 million Americans, 3-percent higher […]
June 6, 2014
Roadbuilding
Fighting Thermal Segregation
A thermal bar can provide a thermal profile in real time.
June 5, 2014
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