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Business: Page 133
Business
DOT Chief Foxx sends long-term highway bill to Congress
The U.S. Department of Transportation announced on Tuesday that Transportation Secretary Anthony Foxx sent a long-term highway bill to Congress. The bill, dubbed the GROW AMERICA Act, is based on President Barack Obama’s 4-year, $302 billion transportation reauthorization proposal. Foxx said the bill aims to create jobs while offering a solution to fix the Highway Trust Fund (HTF) before it runs out of money this […]
April 30, 2014
Business
Cummins profit jumps 20% in 1Q due to growing demand in North America
This morning, Cummins reported sizable increases in both sales and profits during the first quarter and raised its forecast for the rest of the year. Thanks to increased engine and component demand in North America, the company reported a 20-percent increase in profit during the first quarter to $338 million, or $1.83 a share, on sales of $4.4 […]
April 29, 2014
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February 1, 2026
Business
.Build website domain names now available to construction companies
Bringing in what the domain calls “the new Internet for the building industry,” .Build domain names are available for purchase to U.S. contractors and construction firms beginning today. Announced during the ConExpo-Con/Agg show in March, the new top-level domain (TLD) name would replace “.com” or “.net” in a company’s web address. Associated General Contractors of America said […]
April 29, 2014
Business
New Hampshire increases fuel taxes to fund road projects
The New Hampshire House last week passed a bill that would increase the state’s fuel taxes on gas and diesel by 4.2 cents per gallon, the Concord Monitor reports. The bill is now headed to Gov. Maggie Hassan, who said she intends to sign it. “I look forward to signing this bipartisan legislation into law so we can […]
April 29, 2014
Business
CNH Industrial to build Sumitomo crawler excavators under new agreement
CNH Industrial, maker of the Case Construction and New Holland equipment brands, announced today that it has secured the rights to manufacture crawler excavators under the Sumitomo name. CNH Industrial CEO Richard Tobin said the move completes the company’s transition away from a “dual source excavator strategy to a single global partner” in Sumitomo. In December […]
April 28, 2014
Business
A year and a half after Sandy’s devastation, New Jersey leads nation in construction job losses
After Superstorm Sandy wreaked havoc on the East Coast in October 2012, pummeling the New Jersey shore in particular, businesses in 113 of 565 New Jersey municipalities experienced a combined total of $382 million in commercial property loss, according to Federal Emergency Management Agency (FEMA). As a hurricane and post-tropical cyclone, Sandy was responsible for 117 […]
April 28, 2014
Business
CARB approves compliance extensions for contractors, small fleets in work truck powertrain upgrade regulations
The California Air Resources Board voted April 25 to amend some of its emissions regulations deadlines, giving new alternatives to owner-operators and small fleets who were unable financially to comply with the original rule. The amendments passed 11-1, though with some additional changes requested by the Board. Final versions of the amendments will be produced within […]
April 25, 2014
Roadbuilding
Inflation is Key
Maintaining Optimal Tire Pressure is Essential to a Successful Preventative Maintenance Program A kick to a tire doesn’t reveal much more than the stiffness of your boot and it certainly isn’t a good gauge of the level of air pressure in a tire. Tire pressure is one of the most important aspects of a tire […]
April 25, 2014
Business
Sales jump boosts Volvo CE operating income 29% in 1Q
Following a tough 2013, Volvo Construction Equipment saw a positive start to 2014, reporting a growth in sales and a big boost in earnings. During the first quarter of the year ending March 31, Volvo CE sales jumped to $2.035 billion (SEK 13.371 billion), an increase of 10 percent over the same period last year. As a […]
April 25, 2014
Dealers
In a digital age, survey shows contractors still value personal interactions with equipment dealers
So how do contractors want to interact with equipment dealers today? A joint Associated Equipment Distributors/Randall-Reilly research project, conducted by our Equipment Data Associates division and tapping the opinions of Equipment World readers, delves into this topic. While technology advances and societal changes are pushing certain approaches to the fore, there are plenty of indications […]
April 25, 2014
Dealers
New leadership at Holt Cat, new dealers for Bobcat, Takeuchi, SDLG and more 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! Holt Cat names new executive leadership positions Holt […]
April 25, 2014
Business
Caterpillar profit rises 5% in 1Q due to surge in construction equipment sales
After a rough 2013 that saw profits drop 33 percent, the momentum Caterpillar gained during a strong fourth quarter appears to have remained in tact in 2014 and the company has raised its profit forecast for the year. The company today announced profits of $922 million, or $1.44 per share, for the first quarter ending […]
April 24, 2014
Business
Another worker shortage compounded by the energy boom could delay construction of $1.3 billion Dallas hospital
Construction officials with a Dallas area hospital say their project is losing workers and bidders to stiff competition from the oil and gas industry as well as higher paying construction jobs elsewhere in the state. “Houston and West Texas are taking labor away from many of our projects,” Lou Saksen, senior vice president over the $1.3 […]
April 24, 2014
Business
Obama prepares to send $302 billion highway bill to Congress, but will it be enough?
President Barack Obama is preparing to present his proposed $302 billion, four-year transportation reauthorization bill to Congress. Transportation Secretary Anthony Foxx announced on the DOT’s Fast Lane blog that the president plans to send a draft of the legislation to lawmakers, though no specific timetable has been presented. “Soon, the Obama Administration will do exactly […]
April 24, 2014
Business
Earth Day is dead: the EPA’s fall from a scientific organization to a manipulable political tool
I don’t see why people feel compelled to celebrate Earth Day—which was yesterday if you were fortunate enough to avoid the phony phenomena of a day of brainless, bumper-sticker sentiments. For one, Earth Day isn’t real news. It’s what Daniel Boorstin years ago called a manufactured news event. They wouldn’t exist if it weren’t for […]
April 23, 2014
Business
Watch our 2014 Contractor of the Year box a guy who outweighs him by 100 lbs. in the Golden Gloves
You don’t get very far in the construction business without a competitive spirit, the ability to duke it out, to hang in there for the count, give as good as you get. In the case of Equipment World’s 2014 Contractor of the Year, Jeremy Hiltz, of Ashland, New Hampshire, those words are more than metaphors. […]
April 22, 2014
Business
The top 5 best-selling new and used construction equipment during 1Q 2014
Almost 28,725 new and used machines in the top 11 types of construction equipment* were financed during the first quarter of 2014, according to Equipment Data Associates. This compares to the 30,260 new and used machines in these categories financed during the same quarter of 2013, a 5-percent decline. Compact units with their lower prices […]
April 22, 2014
Business
February brings typical downturn for number of new, used construction machines sold
As is typical during the month of February, financed sales of new and used equipment took a dip from January figures, according to information released by Equipment Data Associates. EDA, a division of Randall-Reilly, which produces Equipment World, tracks and reports Uniform Commercial Code-1 filings on financed equipment. There were 4,286 new financed units sold […]
April 21, 2014
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