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Business: Page 139
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
Sponsor Content
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Hemisphere GNSS
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February 1, 2026
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
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
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
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