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Business: Page 135
Business
U.S. construction spending up 0.1% in December, homebuilding rises to highest point in 5 1/2 years
Construction spending in the U.S. rose slightly in December, with homebuilding reaching its highest point in 5 1/2 years, according to preliminary data released by the Commerce Department today. In total, the value of construction in 2013 was $898.4 billion, finishing 4.8 percent above the 2012 figure. Spending rose a slight 0.1 percent to $930.4 billion […]
February 2, 2014
Business
Komatsu profit up 26% in first 9 months due to increased demand for construction equipment
Despite impact from a low demand for mining equipment, Komatsu saw increases in both sales and profits for the first nine months of its fiscal year. The company reported net sales of $13.6 billion (1.38 trillion yen), up 3 percent over the same period in 2012. Operating income rose 10 percent to $1.6 billion (165.6 […]
February 2, 2014
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August 4, 2025
Roadbuilding
5 Ways to Maximize Your Vegetation Management Budget
Tighter vegetation management budgets call for hard-working strategies. It’s a common conundrum — as challenges controlling invasive weeds and brush increase, vegetation management budgets decrease. Couple that with overstretched roadside crews and rising operational costs and you have an epic war with weeds. To learn how vegetation managers are prevailing against these challenges, I spoke […]
January 31, 2014
Business
CNH Industrial full-year revenue flat, but 9% profit gain in 4Q adds to overall positive 2013
Following a down third quarter, CNH Industrial saw an increase in profit for the fourth quarter add to an overall positive 2013 for the company. CNH Industrial reported this morning that full-year net revenues were flat at $35 billion (€25.8 billion). Meanwhile, net profit rose 2 percent from 2012 to $1.2 billion (€917 million). For the fourth […]
January 30, 2014
Business
LiuGong North America says 2013 was a record breaking year
Although it released no numbers, LiuGong North America says the fourth quarter of 2013 was record breaking, “making 2013 the most profitable year with four consecutive profitable quarters since North American operations began in 2008.” The company also says it has a record number of orders going into the first quarter of this year. LiuGong […]
January 30, 2014
Business
Worker retention tip no. 2: Craft your environment
You hear a lot about workplace culture now, but that’s a difficult facet of your business to manage. Focusing on honest communication is a start. Be willing to implement innovative arrangements that enable your employees to have the best work-life balance possible. One of the biggest reasons for the shortage is that many skilled workers […]
January 29, 2014
Business
Worker retention tip no. 3: Be aggressive about apprenticeship
Get the word out to potential employees. Apprenticeship programs are a great way to bring someone on board at the ground level and train them up to where you want them to be. If there’s a trade school nearby, develop a relationship with instructors so they will be willing to send graduates your way. Offer […]
January 29, 2014
Business
3 things contractors can do to keep valuable workers on staff during the skilled worker shortage
The skilled worker shortage has been looming over the construction industry, and the Associated General Contractors’ 2014 outlook shows that contractors are already having a problem finding skilled professionals and craft workers. With that in mind, it’s more important than ever to hang on to the valuable workers you already have. Do you have a […]
January 29, 2014
Success Stories
Concrete work the “sweet spot” for Wm. Winkler Co., 2014 Contractor of the Year finalist
“We love to do anything that involves concrete,” says Brian Winkler, 47, president of Wm. Winkler Co., one of 12 finalists in the 2014 Contractor of the Year program. “It’s everywhere and it’s sustainable, It’s a very versatile material.” Concrete has been Wm. Winkler Co.’s material of choice since Brian’s grandfather started the firm in […]
January 28, 2014
Business
Construction skills boot camp in St. Louis to shut down due to lack of funding
After 14 years of equipping unemployed minorities with the skills necessary for a job in the construction industry, the Construction Prep Center in St. Louis, Missouri is shutting down. The boot camp cost students nothing but carried an annual budget that fluctuated between $180,000 and $480,000, according to a report from the St. Louis Post-Dispatch. […]
January 27, 2014
Business
Profits drop 33% in 2013, but Caterpillar’s better-than-expected 4Q provides momentum for ’14
Caterpillar released its fourth quarter and full-year financial results for 2013 this morning, with numbers that were better than expected by Wall Street analysts. The heavy equipment manufacturer’s profits were $1 billion in the fourth quarter, an increase of 44 percent from 4Q 2012. That increase is mostly due to the $580 million impairment charge […]
January 27, 2014
Dealers
New JCB, Ruppert, Bobcat and Dynapac locations 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 each week with news on hires, promotions, new locations and expansions. Check back for a new edition every Friday! CSTK JCB joins JCB’s North American dealer network JCB’s North […]
January 24, 2014
Business
AGC 2014 construction forecast predicts improved hiring and pay with increased demand and equipment purchases
The Associated General Contractors of America released their 2014 construction industry forecast Tuesday, reporting the results of an in-depth survey that included 800 AGC members across the United States. The group’s analysis, Optimism Returns: The 2014 Construction Hiring and Business Outlook, found contractors are more optimistic about 2014 than they were about previous years. Noting […]
January 21, 2014
Business
PCA chief economist Sullivan continues optimistic forecast; 8% cement consumption growth in 2014
Echoing his forecast at last year’s event—where he passed out sunglasses —during the first morning of World of Concrete 2014 Ed Sullivan, PCA chief economist, said that the conditions going into 2014 shore up his prediction for a “probably conservative” 8 percent growth in cement consumption. Underlying factors supporting this forecast include steady and increasing job […]
January 20, 2014
Business
Housing starts fall 10% in December, capping off best year since 2007
Following the largest monthly gain in 24 years in November, housing starts fell back to earth in December. Housing starts were at a seasonally adjusted annual rate of 999,000 in December, according to data from the Commerce Department. That’s a 10 percent drop from November’s revised estimate of 1.017 million. December’s drop was the largest since […]
January 17, 2014
Business
Hire a Hero begins staffing effort to create path to construction, trade jobs for veterans
Hire a Hero, a program designed to transition former U.S. soldiers to the civilian workforce, has not been enough to get veterans into jobs such as those in construction, says the Armed Forces Support Foundation. which runs the program. “The current transition assistance from military to civilian life is inadequate and our veterans are not […]
January 13, 2014
Business
Already break your New Year’s resolutions? 3 tips for getting back on track
In a couple of weeks, people will be lamenting about their broken New Year’s resolutions. Their friends who don’t make resolutions will go into I-told-you-so mode, saying that’s why they never make resolutions, that they’re too hard to keep. So, my question is why are they too hard to keep? I think it’s because of […]
January 13, 2014
Business
JCB is building a $49 million championship golf course, complete with 18th century mansion-turned-clubhouse
JCB plans to build a championship golf course right in its own back yard. The $49 million course will be built mainly for the use of the company’s network of 770 dealers. It is planned as an 18-hole, Par 72 championship course and will be built on 240 acres to the south of the Rocester […]
January 13, 2014
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