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Business: Page 127
Business
Senate committee approves 6-year highway bill but funding questions remain
The Senate Environment and Public Works Committee unanimously approved a six-year surface transportation reauthorization bill Thursday morning. Top committee members Sens. Barbara Boxer (D-Calif.), committee chairman; David Vitter (R-La.), committee ranking member; Tom Carper (D-Del.), chairman of the Subcommittee on Transportation and Infrastructure; and John Barrasso (R-Wy.), subcommittee ranking member unveiled the bill, known as the MAP-21 Reauthorization […]
May 19, 2014
Business
Global warming: There is no solution…as long as we look to Washington to provide it
There was panic all around this week with reports of ice sheets breaking up in Antarctica and usually dependable journalists like Robert Sameulson declaring that there is no solution to global warming. No solution? Nonsense. Of course there’s a solution. What’s holding everything back is that most of the media and nearly all of our […]
May 16, 2014
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August 4, 2025
Dealers
Doosan, Hyundai, Kenworth and others add dealers in this week’s Dealer News Roundup
Welcome to the Dealer News Roundup, your one-stop shop for all the moves going on inside the heavy equipment distributor industry. We post a new edition just about every week with news on hires, promotions, new locations and expansions. Check back for a new edition every week! Doosan adds new authorized dealer in New York […]
May 16, 2014
Business
Gimme shelter: Jobsite chaplains there for construction workers in troubled times
Review the news we’ve reported in just the past two weeks, and you get an idea of how stressful jobsites can be: a blowtorch sparks the destruction of bridge, pushing back a project completion by months, possibly years; a work zone fatality and even a shootout. But those are headline events. Jobsites are also filled […]
May 15, 2014
Business
John Deere profit drops 10% in 2Q, sales and revenues fall 9%
Snapping a streak of 15 consecutive quarters with record earnings, John Deere announced Wednesday declines in both profit and revenues during the second quarter. As a result, the company revised its sales forecast for the rest of the fiscal year downward. The company announced profit of $980.7 million, or $2.65 per share, for the second […]
May 14, 2014
Business
Pittsburgh contractors say their problem is finding work, not workers… for now
Contractors in Pittsburgh, Pennsylvania say it’s not a skilled worker shortage that’s causing them problems. It’s a shortage of construction jobs that’s to blame for a lack of production. In the last year, construction firms across the country have seen work pile up while they struggle to find workers skilled enough to meet demand. But […]
May 14, 2014
Business
Senate committee unveils text of highway reauthorization bill
The Senate Environment and Public Works (EPW) Committee on Monday night revealed the text of its surface transportation reauthorization bill. Dubbed the MAP-21 Reauthorization Act, the six-year bill would reauthorize surface transportation projects through fiscal year 2020 and is indexed for inflation. Highlights outlined in the bill’s summary include: Six years of fully-funded highway programs Greater transparency of Highway […]
May 13, 2014
Business
JCB sales dip, profit drops 14% in FY 2013
British equipment maker JCB saw profit and sales fall during fiscal year 2013, mostly impacted by a slowdown in emerging markets. JCB announced this morning a profit of $528 million (£313 million), down 14.2 percent from fiscal year 2012. Sales were down 0.7 percent to $11.6 billion (£6.88 billion). Sales volume was down as well, […]
May 12, 2014
Business
Work zone crash on I-69 in Indiana kills 2 construction workers
Two highway construction workers died Friday morning in a work zone crash on Interstate 69 in Fishers, Indiana, WANE TV reports. According to the report, the workers were cleaning up their work zone in a southbound lane when the driver of a pickup truck struck the two men. The workers were employed by Rieth-Riley Construction—not the Indiana […]
May 12, 2014
Business
Burning buildings, collapsing freeways: Is our lousy education system to blame for the recent uptick in construction accidents?
Lately there’s been a rash of fires, collapses and accidents at projects “under construction,” all over the country. Here are just three of the more spectacular examples. March, Boston:. A 33-story apartment building under construction pancakes in Boston when a load up top causes the support under it to buckle. April, Des Moines, Iowa: A three […]
May 9, 2014
Business
Senators to release long term highway bill on Monday, markup set for Thursday
U.S. senators from the Environment and Public Works and Transportation and Infrastructure committees have announced that they will release the text of their new highway bill on Monday with a markup of the bill coming Thursday. Chairman of the EPW committee, Sen. Barbara Boxer (D-California) previously said she wanted to release the bill’s text this week, but […]
May 9, 2014
Business
Aerial Work Platform sales propel Terex to profit in 1Q
Despite flat sales, Terex announced increased first quarter earnings thanks to the continued success of its Aerial Work Platform segment. Net sales were at $1.6 billion for the quarter, unchanged from the first quarter of 2013. Profit increased 69 percent to $32.6 million, or 28 cents per share. “We remain encouraged by the performance of […]
May 9, 2014
Business
Lawsuit alleges Caterpillar hid defects in 2007-2010 engines from buyers
Nearly 10 class-action lawsuits have been filed against Caterpillar claiming that its 2007-2010 year model ACERT C13 and C15 engines were defective—driving up costs for owners and driving down resale value—and that the company concealed the information from buyers and owners. The lawsuits—the most recent of which was filed April 30—stem from Caterpillar’s emissions controls […]
May 8, 2014
Business
CNH Industrial profit falls 33% in 1Q due to softer agriculture equipment demand
CNH Industrial, makers of the Case Construction and New Holland equipment brands, reported flat revenues during the first quarter of the year with a big decrease in profit due to softer sales of farming equipment. Revenues totaled $7.5 billion during the first quarter, down 0.1 percent from the first quarter of 2013. Net sales fell […]
May 8, 2014
Business
Floor addition under construction collapses from top of mall in Minneapolis
The collapse of a third-floor addition under construction at a mall in Minneapolis to the sidewalk below resulted in no injuries Tuesday, but shut down several businesses and knocked out electricity in the neighborhood. On Monday, construction workers were installing trusses to support a wall. One of the trusses on the end of the wall […]
May 8, 2014
Roadbuilding
Put It In Writing
Claims against the Georgia DOT for increased material costs are denied due to failure to comply with claim-notice requirements.
May 7, 2014
Business
Komatsu sees profit jump 26% in FY 2013, but expects less demand in coming year
Komatsu says an increase in demand for construction equipment in Japan, China and other regions offset a low demand for mining equipment during fiscal year 2013 adding up to increases in sales and profit for the company. Nonetheless, the has lower expectations for 2014. For the fiscal year ending March 31, the company reported net […]
May 7, 2014
Business
Colorado contractors say “huge shortage of tradesmen” is severely impacting business
Contractors in Colorado say that while there is plenty of work to go around, they are falling behind on jobs they have while unable to take on new jobs due to a serious shortage of skilled workers in the state. Doug Dohn of Dohn Construction in Fort Collins told the Coloradoan that none of his current […]
May 7, 2014
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