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Business: Page 133
Business
Homebuilding propels U.S. construction spending 0.1% in January despite nonresidential losses
Construction spending in the U.S. again rose slightly in January, according to preliminary data released by the Commerce Department today. Spending rose a small 0.1 percent to a seasonally adjusted annual rate of $943.1 billion from the revised December figure of $941.9 billion. Last month, the Commerce Department reported a preliminary figure of $930.4 billion for […]
March 2, 2014
Business
Family’s love of equipment, disciplined work ethic grew R.L. Caudill Construction into a company that’s hard to compete with
Robert L. Caudill started a small construction company in eastern Kentucky nearly 50 years ago. But today, at age 73, even though he’s handed the reins of the company to his sons, you still hear one complaint about the old man: “He will work you to death,” says Charles Carlton, Pike County Fiscal Court. In […]
February 28, 2014
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February 19, 2025
Business
Contractors skeptical of Tier 4 resale value, say lack of consistent work will continue driving equipment rentals
Skepticism around Tier 4 equipment and a continued lack of consistent work will contribute to continued momentum in the rental market, based on data collected by a Wells Fargo Equipment Finance survey in January. Nearly 30 percent of contractors surveyed said they feel Tier 4 equipment will have a worse resale value than previous generations. […]
February 27, 2014
ConExpo-Con/Agg
ConExpo coverage begins and ends with honors for the best in the construction industry
Who are the best contractors, technicians and fleets in the heavy construction industry? We’re about to find out. While ConExpo is traditionally touted as an equipment show, immediately before and after the show, Equipment World editors will be reporting live from four awards ceremonies to recognize the best and most accomplished people and fleets in […]
February 26, 2014
Business
Obama proposes $302 billion, 4-year transportation bill, announces $600 million in competitive grants
President Barack Obama has proposed a $302 billion, four-year transportation reauthorization bill with the aim of avoiding the Highway Trust Fund’s looming insolvency as well as providing a much-needed boost to the infrastructure improvements he promised during 2013’s State of the Union address. Through a White House announcement, Obama also announced that the U.S. Department of […]
February 26, 2014
Business
FIU professor says Florida’s worker shortage is temporary due to likelihood of wage increases
Like their peers across the U.S., contractors in Florida are facing a shortage of skilled workers, as a report from Florida Watchdog details. In Florida, housing inventories are drying up which means that new ones will need to be built as demand rises. Problem is, as we’ve seen in many other places, many of the skilled veterans […]
February 25, 2014
Business
U.S.-made construction equipment exports fall 25% in 2013, Canada the top destination
Following three straight years of growth, exports of construction equipment made in the U.S. fell 25 percent year-over-year in 2013. A total of $20 billion worth of equipment was shipped from the U.S. to global markets, according to analysis of Commerce Department data by the Association of Equipment Manufacturers. Exports to all global regions saw […]
February 25, 2014
Success Stories
How a flooded ice skating rink helped one contractor start his own business
Everyone has to deal with unexpected changes in their lives, and often in their careers. For Brian Winot, owner of Northeast Site Contractors in East Stroudsberg, Pennsylvania, the unplanned paths he’s taken has made his business what it is today—a successful commercial site development contracting firm with 30 employees. Although construction is all Winot has […]
February 25, 2014
Business
Six-week Massachusetts construction crash course prepares low income, minority workers for the industry
As the U.S. construction industry continues to explore ways to battle the current skilled worker shortage, a training program in Massachusetts is introducing the industry to many folks who had never previously considered it. According to the Daily Hampshire Gazette, the city of Holyoke is seeing an influx of construction projects as of late including a […]
February 24, 2014
Success Stories
Community involvement, business acumen drives Phillips Companies, one of our 2014 Contractor of the Year finalists
[youtube 1zxjVTKRvW4 nolink] “How about some basketball tonight?” It turns out that Brad Phillip’s question to me was less about cheering on the Wright State Raiders (who won 77 to 67 that night against Youngstown State) than it was about fulfilling a commitment to the Boy Scouts, who were using a box at the Wright […]
February 24, 2014
Business
Ohio Gov. Kasich expands vocational education to middle schools
Previewing what he would discuss as part of his State of the State address Monday night, Ohio Gov. John Kasich said he has done away with a state rule that restricted vocational education to only students in the ninth through 12th grades. According to a report from the Columbus Dispatch, Kasich said vocational education has […]
February 23, 2014
Business
UAW defeat in Chattanooga ought to be a wake up call for unions: This ain’t Germany
Last week when factory workers at Volkswagen’s Chattanooga, Tennessee, facility voted against forming a union, the headlines characterized it as a “devastating” loss for the United Auto Workers. The vote was fairly close, 712 to 626. If it were a football game this would be more like a score of 21 to 18. Hardly devastating. […]
February 20, 2014
Business
FMI nonresidential construction index reaches highest score to date
FMI’s first quarter Nonresidential Construction Index came in at 64.9 points, showing a 7.5 point increase from the fourth quarter 2013 index, as well as a 6.8 point increase from the first quarter of last year. It’s also the highest NRCI score to date. Industry consultant FMI says nearly half of panelists in the index […]
February 20, 2014
Business
Housing starts fall 16% in January after major revision to December estimate
Housing starts in the U.S. suffered a large fall in January, according to preliminary data from the Commerce Department. Housing starts were at a seasonally-adjusted annual rate of 880,000, 16 percent below the revised December estimate of 1.048 million. The January figure is 2 percent below the January 2013 figure of 915,000. That December figure […]
February 19, 2014
Business
Much improved 4Q and stronger 2013 sales push Terex to “a good year”
Releasing fourth quarter and full year results today, Terex said it had net sales of $7.1 billion during 2013, up 1.4 percent from 2012. Fourth quarter sales were up 12-½ percent in 2013 over the previous year to $1.8 billion, and tracking closely with third quarter net sales of $1.810.6 billion. Income from 2013 continuing […]
February 19, 2014
Business
Caterpillar opens $14.8 million expansion to large engine plant in Mississippi
This past weekend, Caterpillar held a ribbon-cutting ceremony for the opening of a $14.8 million expansion at its large engine manufacturing plant and warehouse in Corinth, Mississippi. Cat makes the C175 engine at the Corinth plant. The 42,000-pound, 20-cylinder, 4,000-horsepower engine is used for power generation and in mining equipment. The newly-opened expansion will house the […]
February 17, 2014
ConExpo-Con/Agg
Learn best practices for equipment management and maintenance in these ConExpo-Con/Agg seminars
This year’s ConExpo-Con/Agg show provides a range of opportunities for you – and your employees – to perfect their equipment management skills. Here’s an example of some of the seminars offered: Telematics in Transition for Fleet Managers Telematics is the integrated use of telecommunications and informatics to control vehicles on the move. Telematics solves the […]
February 13, 2014
Business
Why the numbers are important: Moneyball’s Billy Beane addresses the equipment, construction industries
One definite perk of a free press pass is the exposure I get to high-priced talk. Filling a podium is not cheap; just check out a speaker’s bureau website to get a taste of what even B Level speakers command. I didn’t have real expectations pro or con when I heard that Billy Beane, general […]
February 13, 2014
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