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Business: Page 138
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
Sponsor Content
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February 1, 2026
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
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
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
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