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Business: Page 133
Business
Volvo CE earnings jump 31% during 3Q despite flat sales
Continued weak demand for construction equipment in China has negated sales gains in other parts of the world for the second-straight quarter at Volvo Construction Equipment. Despite the difficulties in Asia, the company’s positive earnings report for the third quarter Friday included a 31-percent gain in operating income to $89 million (SEK 648 million) over […]
October 24, 2014
Business
JCB to cut 150 jobs in UK due to decline in global demand
JCB has announced it is cutting 150 jobs, mostly at its headquarters in Staffordshire, England. According to a report from the BBC, CEO Graeme Macdonald said a “severe decline” in world markets are the reason for the job cuts. Some of the job cuts could also affect JCB offices in Wales and Derbyshire as well, the […]
October 23, 2014
Sponsor Content
Choosing The Right Tire and Track Patterns for Maximum Productivity
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Business
Caterpillar profit up 8% in 3Q, beats Wall Street expectations with slight uptick in sales
Caterpillar today announced an increase in both profit and sales during the third quarter, beating analyst expectations despite more declines in demand for mining equipment. The company announced profit of $1.017 billion, or $1.63 per share, an increase of 8 percent over third quarter 2013. Excluding $81 million in restructuring costs, profit would have been […]
October 23, 2014
Dealers
A new president at Pettibone; new locations for Takeuchi, Bomag, Trimble 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. This week’s edition includes employee promotions and location expansions from several major manufacturers and. Pettibone names new president Pettibone-Heavy Equipment Group has named Scot Jenkins as the company’s new president, effective in October. Previously […]
October 22, 2014
Business
PHOTOS: JLG opens new customer training center, proving grounds
[imagebrowser id=138] Classes have begun at JLG Industries’ new $2.5 million customer training center and proving grounds in McConnellsburg, Pennsylvania. Quadrupling the size of the company’s original training facility, the expansion includes a 4-acre proving grounds course that will allow trainees to get experience operating lift and access equipment such as telehandlers, scissor lifts and […]
October 21, 2014
Business
Home starts rise 6.3% in September as homebuilder confidence falls back to earth
The month-to-month volatility of new U.S. housing starts continued in September, while homebuilder confidence in the market saw its first dip in four months. Following a 13-percent drop in August, construction on new homes in the U.S. rose 6.3 percent in September to a seasonally adjusted annual rate of 1.017 million, according to preliminary data […]
October 20, 2014
Business
With Prop 1, Texas may break the logjam, spur innovation in highway funding
In November, Texans will go to the polls and vote on Proposition 1, which, in a nutshell, proposes to take half the money from the state’s gas and oil revenues and direct it toward highway construction and maintenance. Everything in this bill is sure to please the construction industry. And everything I’ve read over the […]
October 14, 2014
Business
VP of New York construction firm charged with embezzling $266k in fuel, vehicles, supplies and labor
The vice president of a Syracuse, New York, construction firm who rose through the ranks in 13 years with the company, has been charged with embezzling more than $266,000. According to a report from the Syracuse Post-Standard, police have charged John M. Rubar, 44, with second-degree grand larceny. A police investigation found that Rubar had been […]
October 13, 2014
Dealers
Construction equipment dealer in San Antonio admits to bribing county officials, faces up to 10 years in prison
A construction equipment dealer in San Antonio faces up to 10 years in prison after admitting to bribing Maverick County, Texas, officials. German Garcia Cano, 54, appeared in federal court Thursday afternoon and pleaded guilty to one count of paying a bribe to an agent of an organization receiving federal funds, according to an announcement […]
October 10, 2014
Business
Thieves are plundering the world’s beaches for sand as global demand for concrete grows
Once-beautiful beaches in many parts of the world are losing their most distinctive feature at an alarming rate due to a rising demand for concrete. According to a report from German publication Der Spiegel, men and women outfitted with only shovels and buckets are plundering beaches in Senegal, Kenya, New Zealand, Jamaica and Morocco for their […]
October 9, 2014
Business
Hiring an accounting firm can save your construction company money. Here’s how to find the right one
Since many construction companies start out as just one guy with a truck and a piece of equipment or two, sometimes obtaining professional help such as accountants doesn’t come into play until much later. Still, having the advice of a good CPA is crucial, says Denise Bendele, a partner with Texas-based Padgett Stratemann, a CPA […]
October 6, 2014
Business
Police bust crime ring’s year-long spree of construction site burglaries in Pennsylvania
Several police departments in southwestern Pennsylvania worked together in bringing down a crime ring that had been stealing materials and appliances from construction jobsites in the area for more than a year. Police arrested Charles Fey, 35; Dwanye Vargo, 35; Dennis Vargo, 37, and Darius Sheplar, 37, according to a report from the Pittsburgh Post-Gazette. With […]
October 3, 2014
Business
John Deere names Max Guinn next president of Construction & Forestry equipment
John Deere has named Max A. Guinn as the next president of its Worldwide Construction & Forestry equipment division. Guinn, who is currently the senior vice president of human relations, communications, public affairs and labor relations at Deere, was also named president of the company’s Labor Relations and Security division. The move comes as part […]
October 2, 2014
Business
Construction critical to growth of unconventional energy market
Construction is a key player throughout the “unconventional” oil and gas supply chain, according to a just-released study by the Energy Equipment Infrastructure Alliance, and conducted by IHS Global Insight. The industry is one of five critical economic sectors when it comes to the unconventional energy market, defined as oil and gas extracted by horizontal […]
October 1, 2014
Business
Construction spending dips 0.8% in August due to fall in nonresidential
U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary estimates in a report from the Commerce Department. In addition to August’s dip, the report revised downward the rates for the previous two months […]
October 1, 2014
Success Stories
Impressive level of quality combined with a passion for his people keep Dallas contractor at the top of his field
After Vern Larman returned to the Dallas area from a two-year stint as a missionary in Bolivia, he found he had a passion and expertise for excavation. During his five years working for a pool excavation contractor he learned to master the excavator to become the company’s most profitable crew member. As his experience grew, […]
October 1, 2014
Business
It’s time for contractors to start financial planning for 2015. Here are 3 tips to get you started
Now that the construction busy season is winding down, it’s time to turn your attention to those housekeeping tasks you need to do each year in the fourth quarter. You need to step back and take a critical look at your company in preparation for planning for 2015. Not sure what to do? Here are […]
September 29, 2014
Business
PCA forecasts steady growth for cement consumption through 2016 as construction activity increases
According to the latest forecast from the Portland Cement Association (PCA), cement consumption in the U.S. will see steady gains over the next three years. As far back as the World of Concrete show in January and again in the Spring, PCA chief economist Ed Sullivan has forecasted 8-percent growth in cement consumption and that […]
September 25, 2014
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