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Business: Page 134
Business
John Deere construction equipment profits rise 32% in another record-breaking Q1
John Deere has announced record earnings for the 15th straight quarter, but it’s outlook for the rest of the year isn’t quite as bright. In its first fiscal quarter ending January 31, John Deere profits were up 5 percent over Q1 2013 to $681.1 million. Net sales and revenues were up as well, increasing 3 […]
February 12, 2014
Business
The Newbie’s Guide to Succeeding in Construction: 7 rules for your first week
Our industry needs young men. Young men need jobs. You would think these problems would solve each other, but there’s a disconnect. You could blame society, schools, Obama, the Bilderburger Group. Good luck getting any of them to return your phone calls. My solution is much simpler. If you know a young man who didn’t […]
February 12, 2014
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February 19, 2025
Success Stories
How a loyalty to your employees can result in big growth for your construction business
“I’ve stayed with Larman Construction so long because of this guy right here,” said Fred Barhydt, pointing a finger at company owner Vernnen Larman. Barhydt, a Larman employee for 30 years, was just one of the employees I met expressing this sentiment during my visit to the Garland, Texas-based Equipment World Contractor of the Year […]
February 12, 2014
Business
ARA: Rental revenues will reach $41.1 billion this year; equipment rental penetration index now nearly 53%
With healthy returns posted for rentals in 2013, the American Rental Association is forecasting $41.1 billion in total rental revenues (including construction equipment, general tool and party and events) this year, and an upward trajectory for the total rental market that will reach $52.3 billion in 2017. In addition, ARA says its Equipment Rental Penetration […]
February 11, 2014
Roadbuilding
The Cheaper the Better?
Government awards contract to second lowest bidder based on ‘Best Value’ determination.
February 10, 2014
Business
Construction companies join forces, commit to hiring more than 100,000 veterans
More than 100 construction companies have joined forces in committing to hiring more than 100,000 veterans over the next five years. First announced in a Wall Street Journal op-ed written by First Lady Michelle Obama, the move is part 0f Joining Forces, a White House initiative to find more private sector jobs for U.S. military veterans. As […]
February 10, 2014
Business
With acquisition finalized, Volvo Rents is now BlueLine Rental
After its acquisition by private equity firm Platinum Equity — finalized in January –Volvo Rents has been rebranded BlueLine Rental. With 130 rental stores in North America, BlueLine will continue to rent Volvo backhoes, skid steers, compact wheel loaders, compact excavators and compaction equipment, along with other machines and tools. Scott Hall, president of BlueLine, […]
February 10, 2014
Roadbuilding
Running Shingles the Right Way
Correctly running recycled asphalt shingles (RAS) and reclaimed asphalt pavement (RAP) at the same time can be a tricky business.
February 7, 2014
Business
Construction adds 48k jobs in January for highest gain in nearly 7 years, but unemployment rate jumps again
The U.S. construction industry added 48,000 jobs in January, posting its highest employment gain since before the start of the recession, according to preliminary data from the Bureau of Labor Statistics. In the last seven years, January’s gains only rank second to February 2007 when the industry added 80,000 jobs. That huge gain preceded a 29-month […]
February 7, 2014
Dealers
Link-Belt’s top 5 dealers, a new Bobcat dealer plus Kobelco and Terex promotions 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 on Fridays. Link-Belt announces its Top 5 dealers for 2013 […]
February 7, 2014
Business
Volvo CE operating income plummets 54% in 2013 despite gains in 4Q
Despite encouraging gains in the fourth quarter, Volvo Construction Equipment will be glad to put 2013 behind it. Full-year sales fell by 16 percent to $8.2 billion (53.4 billion SEK) while operating income plummeted 54 percent to $399 million (2.6 billion SEK). In its report, Volvo CE attributed the fall in operating income to “tough price […]
February 5, 2014
Business
Bomag breaks ground on new North American HQ in South Carolina
Wednesday morning, Bomag Americas held a ground breaking ceremony for the future site of its new North American headquarters in Ridgeway, South Carolina. Company officials as well as South Carolina State and local officials were on hand for the event. The $18.2 million investment will create 121 new jobs for the state, South Carolina Gov. […]
February 5, 2014
Business
Lean and Mean: How 3 brothers built Glendale Excavating into a successful company by managing its size
Glendale Excavating’s three brothers—Tommy, Dany and Greg Giangiulio—take pride in their construction heritage. “We’re third generation operating engineers,” says Dany. “We watched our grandfather operate equipment when we were kids, and begged to go to work with our father.” Adds Greg with a laugh: “It’s not that we had any choice in the matter.” Glendale […]
February 4, 2014
Business
How 5 construction companies are passing the baton to the next generation
[Editor’s Note: This is Part Two in a four-part series chronicling the stories of contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] [Editor’s Note II: The names in the article below have been changed due to the personal nature of […]
February 4, 2014
Business
How to choose who to sell your construction company to and when
[Editor’s Note: This is Part Four in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Stever Robbins, executive coach with Stever Robbins Incorporated, says assuming you’ll pass your business along to your […]
February 4, 2014
Business
When selling your construction company is the best option
[Editor’s Note: This is Part Three in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] If you’re in the market to sell your business, you may be in luck, especially if […]
February 4, 2014
Business
How 2 construction companies (one large, one small) decided to close their doors
[Editor’s Note: This is Part One in a four-part series chronicling the stories of real contractors who are making hard choices about their end game in the business: liquidate? Sell to family or employees? Seek a third party buyer?] Keith Andrews, president, RaCON Incorporated, looks at his nearly empty equipment yard from the driver’s seat […]
February 3, 2014
Business
SPECIAL REPORT: The Future of Your Construction Company. How and when to walk away.
In the wake of the Great Recession, many baby boomer contractors are planning their business’s futures. Specifically, is this the end? And if so, should I sell? Liquidate? Pass it on? Even if the end isn’t in your near future, our four-part Special Report will get you well in the way to forming a sensible […]
February 3, 2014
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