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Business: Page 136
Business
Expansion of Oklahoma fertilizer plant could put more than 1,000 contractors to work
The massive expansion of a fertilizer production plant in Oklahoma will likely have quite the impact on the construction industry well beyond its local community. The expansion of the Koch Nitrogen plant in Enid, Oklahoma, will begin in mid-September according to a report from the Enid News and Eagle. The $1.3 billion project will be […]
August 6, 2014
Business
Case to move M Series dozer production to Burlington, Iowa plant in $24 million expansion
Case Construction Equipment has announced that it plans to move production of its M Series crawler dozers to Burlington, Iowa, following an expansion of a plant there. The dozers are currently being made at a plant in Calhoun, Georgia. In late June, Case’s parent company CNH Industrial announced that the Calhoun plant would be closing in […]
August 5, 2014
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October 7, 2026
Business
The 6 signs of a bad construction boss
Managing employees can be one of the toughest jobs to face when running a company. Too often, contractors build their business without having any training, guidance or expertise in how to deal with their people effectively. If you’re in the black, you might not worry about how good of a boss you are, but poor […]
August 5, 2014
Business
Wages for construction workers and heavy equipment manufacturing workers are on the rise
We’re now five years into the economic recovery following the Great Recession and pay raises, according to a report from the Associated Press, are uneven across U.S. industries. Overall, pay in the U.S. has risen at a rate roughly equal to inflation: about 2 percent per year. Using data from the Bureau of Labor Statistics, […]
August 5, 2014
Business
Cummins sales, profit and expectations rise in 2Q due to stronger demand in North America
Cummins has announced gains in both sales and profit during the second quarter. The company has raised its full-year forecast as a result. During the quarter, sales rose to $4.8 billion, up 7 percent over the same quarter in 2013. Cummins says the increase was due to stronger demand in North American on-highway markets and […]
August 5, 2014
Business
Mud in Your Mouth: How Rex’s Outrageous developed Road Crew Crunch, a line of construction-themed snacks
Blame it on Grandma. “My grandmother had a snack mix she called Gravel,” relates Daren Rexroad (but please call him “Rex”), “made of peanuts, pretzels, cereal and white chocolate.”  Using her recipe, Rex started experimenting, substituting dark chocolate there, milk chocolate here. Soon he had several snack mixes people were urging him to start selling. […]
August 4, 2014
Business
CNH Industrial profit up 10% despite sales declines in construction and ag equipment
A slight increase in revenues boosted profit 10 percent at CNH Industrial during the second quarter of the year as sales gains in the company’s powertrain segment offset decreases in both construction and agriculture equipment. CNH, makers of the Case Construction and New Holland equipment brands, saw revenues rise to $8.9 billion, up 0.9 percent from the […]
August 4, 2014
Business
Toll roads, P3s and creative financing will bring short-term gain, long-term disaster for the road building industry
For the last half-century gas and diesel taxes collected at the pump have been the primary source of funding for almost all our highway infrastructure. But Congress hasn’t  increased the gas tax or adjusted it for inflation since 1992. Anti-tax advocates claim this as a victory, but it’s not. With the highway trust fund running […]
August 1, 2014
Business
Congressional showdown ends with Senate passing House’s $10.8 billion highway funding patch
The Senate on Thursday passed a 10-month funding bill that will prevent the Highway Trust Fund from going broke until the end of May. The bill was first passed by the House earlier this month, and is now just a presidential signature away from becoming law. The bill’s clearance in Congress comes after a showdown […]
August 1, 2014
Business
Construction adds 22,000 jobs in July; employment now at highest level in more than 5 years
The U.S. construction industry added jobs for a seventh-straight month in July, a streak that has propelled the sector’s employment to its highest level since May 2009. July saw a sizable gain of 22,000 workers bringing the number of Americans employed in construction to 6.041 million, according to preliminary data from the Commerce Department. The […]
August 1, 2014
Business
U.S. construction spending drops 1.8% in June with losses in nonresidential and government projects
Construction spending in the U.S. fell 1.8% in June for the first drop in one year. Construction spending fell to $950 billion in June from the revised May figure of $967.7 billion. Due to the revision of that figure, what was a 0.1-percent increase in May is now an 0.8-percent increase. Total spending is up 5.5 […]
August 1, 2014
Business
How adding services helped J&S General Contracting grow during the recession
Neither lengthy winters nor a crippling recession slowed down Steve Mueller or Dan Thiel. Instead, they combined their business savvy, passion for the outdoors, honest work ethic and love for their community to create J&S General Contracting in Osceola, Wisconsin.  Getting started Mueller’s first industry experience came when he was 8 years old, mowing […]
August 1, 2014
Business
H&E Equipment Services rental revenues up 18%, equipment sales up 20% in 2Q
Integrated construction equipment distribution and rental firm H&E Equipment Services says its rental revenues increased 18 percent in its second quarter compared with the same time last year due to “strong physical utilization while continuing to expand the fleet” because of high demand. The average time utilization, based on original equipment cost, was up almost […]
August 1, 2014
Business
Senate passes highway bill with reduced funding; sends vote back to House with pressure for long-term solution
On Tuesday the Senate voted to pass a bill that would stave off the looming insolvency of the Highway Trust Fund (HTF) after making key changes to the legislation that will send it right back to the House for another vote. The HTF is the primary source of federal funding for road construction and repairs. The […]
July 30, 2014
Business
Sany guilty of infringing Manitowoc crane patent in initial ruling from U.S. International Trade Commission
After opening its investigation of the case more than a year ago, the U.S. International Trade Commission has made an initial ruling in favor of Manitowoc in the crane manufacturer’s patent infringement lawsuit against Sany America. The ITC ruled earlier this month that Sany’s SCC8500 crawler crane violates section 337 of the Tariff Act of 1930, saying that […]
July 29, 2014
Business
Komatsu sees slight boost in sales and profit during 1Q
Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]
July 29, 2014
Business
Rochester sees increase in female home builders as industry rebounds
Women are having a big impact on the housing market in Rochester, New York, and not in the traditional sense. The city has seen a sizable increase in the number of home development firms led by women. According to a report from the Democrat & Chronicle, two of the seven homes recently shown at a showcase […]
July 28, 2014
Business
Terex sees big profit increase as AWP and MHPS segments boost sales
In its latest earnings report, Terex announced increases in both sales and profit during the second quarter of the year. The company’s net sales increased to $2.05 billion, up 10.4 percent from the second quarter of 2013 again mainly due to strong performances from the company’s Aerial Work Platform and Material Handling and Port Solutions (MHPS) […]
July 25, 2014
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