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Business: Page 126
Business
Thief disguises himself as a worker, steals $10k in equipment from LA construction site
A thief’s brazen plan to rip off a construction site in Beverly Hills nearly went off without a hitch. One problem: the entire heist was caught on tape. According to a report from KABC TV, a man adorned some work clothes and slid on a safety vest before walking onto a jobsite at the Beverly […]
April 17, 2015
Roadbuilding
Virginia DOT cuts loose US 460 Mobility Partners from $300 million project
The Virginia Department of Transportation (VDOT) has end its agreement with US 460 Mobility Partners LLC over the lack of work done on U.S. 460, a 55-mile highway project that would have cost an estimated $300 million, according to a report by the Richmond Times-Dispatch. Contract work on the project was stopped back in March […]
April 17, 2015
Sponsor Content
Choosing The Right Tire and Track Patterns for Maximum Productivity
Maxam Tire North America
July 7, 2026
Business
Indiana Senate passes repeal of common construction wage; Gov. Pence expected to sign
Amid a storm of protest, the Indiana Senate on Wednesday passed the repeal of a state law which sets baseline wages for construction workers on certain public projects. According to a report from the Indianapolis Star, the Senate voted 27-22 in favor of House Bill 1019. The House passed the bill February 23. Before passing the bill, the Senate made […]
April 16, 2015
Business
Caterpillar to crunch even more data through acquisition of marine analytics firm ESRG
Just in case you didn’t think Caterpillar was really serious about this whole Big Data thing, the company today announced it has completed the acquisition of a marine industry analytics company. Caterpillar Marine has acquired ESRG Technologies Group, a Virginia Beach-based company specializing in marine telematics and analytics. The acquisition will bring ESRG’s telematics software, which […]
April 15, 2015
Business
Caterpillar doubles down on dedication to equipment data with new Analytics & Innovation division
Following through on its March promise to work to begin rolling out predictive diagnostic improvements to its Produc Link telematics service “in the coming months,” Caterpillar has announced the creation of a new division within the company that will focus solely on data and creating new ways for its customers to put the information to work. […]
April 13, 2015
Business
Booming crane market a welcome sign to strengthening U.S. construction industry
As one of the most expensive heavy equipment categories there is, when contractors and rental outfits are buying lots of cranes, you can safely conclude things are going pretty well in the construction industry. And that’s the gist of a recent analysis of the market by Citi’s Timothy Thein, according to a report from Business Insider. The report offers […]
April 13, 2015
Business
Post-vacation pressure: How to return to the office and jobsite without missing a beat
With long holiday weekends and the summer vacation season upon us, it’s easy to get behind in your work. If you often come back from vacations and long weekends overwhelmed, take a deep breath. Here are some tips to get your affairs back in order, and some ideas to keep in mind before your next break. More than […]
April 10, 2015
Business
Lafarge, Holcim tap Olsen as CEO, effective when the companies merge
In a move the company hopes will please jittery shareholders, the Lafarge and Holcim boards of directors announced the appointment of Eric Olsen as the future CEO of the merged companies. Olsen is currently executive vice president of operations at Lafarge. He has dual American and French citizenship and has extensive international experience, as well as experience […]
April 10, 2015
Business
Caterpillar to cut 250 jobs from Indiana engine plant
Caterpillar has announced that it will cut 250 workers from its Lafayette Engine Center in Indiana. According to a report from WLFI TV, the company will lay off 50 full-time workers from the plant and another 200 workers employed through staffing agencies. Caterpillar told the station, “a decrease in orders for engines that support the oil and […]
April 9, 2015
Business
Construction employment fell in March, snapping a 14-month streak of job gains
For the first time since December 2013, U.S. construction industry employment has fallen. According to preliminary data from the Labor Department, U.S. construction firms lost 1,000 jobs in March. The industry now employs 6.344 million Americans. The new data also revised downward the employment figure for February from the previously reported 6.354 million, to 6.345 million. The […]
April 3, 2015
Business
How a contractor pursued delay damages against the U.S. Navy using the Eichleay formula
In a recent case involving work for the U.S. Navy — Appeal of Alderman Building Company, Inc. (ASBCA No. 58082, December 9, 2014) — a contractor was allowed to proceed with its claim for delay damages using the Eichleay formula. The Eichleay formula is a widely accepted method used to quantify a contractor’s unabsorbed overhead […]
April 3, 2015
Business
IronPlanet, Cat Auction Services complete merger
With the addition of access to late model, low-hour Caterpillar equipment, IronPlanet chairman and CEO Greg Owens said his company’s merger with Cat Auction Services will “drive value and services to all of our buyers and sellers.” The merger, announced in December, was completed April 2. “I am confident that our marketplace offerings will enable our […]
April 3, 2015
Business
KHL: Construction equipment revenues down as manufacturers trade places in top 10 rankings
Caterpillar and Komatsu remain the no. 1 and no. 2 construction equipment manufacturers in the world, respectively, to no surprise according to the latest edition of KHL’s annual Yellow Table study. However, four manufacturers traded places in the top 10. Volvo and Hitachi swapped, as did Terex and Liebherr though the publication does not note exactly […]
April 2, 2015
Success Stories
Third-generation contractor manages company transition by merging old values with new opportunities
For James Tollestrup, running the family business has included mastering the ability to transition the company from one phase to another. The third-generation contractor has taken Lethbridge, Alberta-based Tollestrup Construction to new levels of growth while maintaining the identity of his grandfather’s company. A changing identity Founded in 1940, the company has avoided experiencing growing […]
April 2, 2015
Business
U.S. construction spending flat in February
Construction spending in the U.S. was flat during February, the result of a slight increase in private construction and a decrease in government spending. Total spending fell 0.1 percent during the month to $967.1 billion, according to preliminary estimates from the Commerce Department. Spending was up 2.1 percent over February 2014. Residential and nonresidential construction spending both […]
April 1, 2015
Business
Holcim shareholders threaten merger plans with Lafarge…again
Shares in Lafarge fell by approximately 2 percent Monday after two Holcim shareholders voiced their discontent with the revised merger terms that were put in place on March 20 to make Holcim shareholders happy and keep the merger moving forward. According to a report from Reuters, Russian businessman Filaret Galchev, Holcim’s second-largest shareholder who owns a […]
March 31, 2015
Business
Contractors on Milwaukee’s Northwestern Mutual tower claim largest continuous concrete pour in Wisconsin history
Workers with C.G. Schmidt and Choice Construction, among other contractors, have completed what they claim is the largest continuous concrete pour in Wisconsin state history. According to a report from WITI TV, 250 workers and 50 cement trucks took part in a 27-hour concrete pour for the foundation of the 32-story Northwestern Mutual Tower and […]
March 30, 2015
Roadbuilding
More than half of heavy/highway contractors see bid volume increase for private work, HCSS survey finds
HCSS, a construction estimating software developer, has released the findings from its “2015 Heavy Civil/Infrastructure Estimating Survey,” an annual review that looks at issues affecting the job estimating side the heavy/highway industry. The survey received responses from 359 companies from 51 states and provinces from the U.S. and Canada. Canada represented 7 percent of the […]
March 30, 2015
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