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Business: Page 140
Business
Construction industry adds 11k jobs in October, though unemployment rate ticks back up
Despite several predictions that the government shutdown would lead to job decreases, the construction industry and U.S. economy as a whole had a positive month of job growth in October. The construction industry added 11,000 jobs during October. October’s gains marked the fifth consecutive month of job growth. The October gains were a bit more […]
November 8, 2013
Business
Forbes: Sany, fellow Chinese equipment makers’ move into foreign markets “isn’t working”
It’s been a rough year for Sany. Back in January, despite the fact that a decade-long infrastructure boom in China had already come to a crashing halt, equipment manufacturer Sany had high hopes for its expansion into the U.S. and other foreign markets. The Chinese company told of its ambition to over take Komatsu and […]
November 7, 2013
Sponsor Content
Managing the Farm Through a Tough Market
Shell
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Roadbuilding
Faulty Process
Contractor’s appeal for $2.3 million denied because of improper claim.
November 6, 2013
Roadbuilding
Automatic or Manual?
More choices — and it’s not just what you ‘feel’ like.
November 6, 2013
Business
The RINOs charge: Republicans’ return to the middle signals hope for infrastructure funding
With Chris Christie easily winning his second term as governor of New Jersey and Bradley Byrne winning his first election to the House of Representatives from Alabama’s District 1 yesterday, pundits on the left are hailing the resurgence of what they see as moderate republicans. If this is the beginning of a trend, it may […]
November 6, 2013
Business
Doosan names Scott Park as next CEO of DICE
Doosan today announced that Scott Park will be replacing Tony Helsham as the president and CEO of Doosan Infracore Construction Equipment (DICE). Helsham is retiring in February. Since early last year, Park has held the position of Global Vice President of Strategy, Manufacturing Strategy and Total Quality Management (TQM) for DICE. The company says Park […]
November 5, 2013
Business
Bankrupt wireless company LightSquared files its own lawsuit against John Deere, Garmin and Trimble
The bankrupt wireless company LightSquared filed a lawsuit on Friday heavy equipment manufacturer against John Deere and GPS companies Garmin and Trimble. LightSquared’s lawsuit contends that Deere, Garmin and Trimble knew that the company’s wireless network would interfere with GPS devices but kept quiet about it until it was too late, according to a report […]
November 5, 2013
Business
Ritchie Bros. boosts revenues, doubles profit in 3Q
Ritchie Bros. Auctioneers announced today a sizable gain in revenues in the third quarter and a huge profit increase. The company brought in auction revenues of $105.8 million. That’s a 15-percent increase from the same period last year. Meanwhile, profit grew 101 percent to $16.4 million. When excluding the after-tax effects of excess property sales and […]
November 5, 2013
Business
U.S. equipment rental revenues forecast to grow 6.5% in 2013, show strong growth through 2017
The American Rental Association’s forecast for equipment rental revenue in the U.S. remained basically the same after its third quarter update. The ARA Rental Market Monitor expects equipment rental revenue to grow 6.5 percent in 2013 to $33.3 billion. Earlier this year that mark was set slightly higher at $33.5 billion. The small revision aside, […]
November 4, 2013
Business
Hanley Wood, Intermat partner to create World of Concrete Europe
World of Concrete is coming to Europe. Today, Hanley Wood, the organizer of World of Concrete, and S.E. Intermat, the owner and organizer of the Intermat trade shows, announced a partnership to bring the World of Concrete trade show to Europe. The European show will be the third World of Concrete event, joining World of Concrete […]
November 4, 2013
Business
CNH Industrial revenues dip slightly, profit drops 15% in 3Q
CNH Industrial has announced its first quarterly results as a newly-merged company with revenues and profits down from the same quarter last year. The merger between CNH and Fiat Industrial into the new company was completed on September 29, 2013. The company reports group revenues of €6.217 billion ($8.4 billion), down 1.5 percent from third quarter […]
November 4, 2013
Business
IBTTA report busts 5 myths about highway tolling’s ability to fund infrastructure
A new report from the International Bridge, Tunnel and Turnpike Association (IBTTA), argues that tolling is a viable solution to America’s transportation funding dilemma. The report is summed up in a recent post by our friends over at Better Roads. Congress has transferred more than $53 billion from the general fund to the transportation fund in order to compensate […]
November 4, 2013
Dealers
Quick Data 11/13: Excavators
November 1, 2013
Business
In campaign to end the skilled worker shortage, Mike Rowe unafraid of reaching into both sides of the aisle
As part of his Profoundly Disconnected campaign to make students and, really, the country in general, aware of the opportunities and good money available to those who choose a career in the trades, Mike Rowe has been making a lot of appearances lately. A little while back he appeared on Bill Maher’s HBO show “Real […]
October 30, 2013
Business
Cummins sees slight bump in 3Q profits, but cuts outlook due to lower earnings
Despite lower earnings compared to the same quarter last year, Cummins reported a slight increase in third quarter profits thanks to improved revenues and cost reduction measures. “Material cost savings, productivity gains and lower warranty expenses all contributed to the improvement,” Tom Linebarger, Cummins chairman and CEO, said in a prepared statement. The company reported […]
October 30, 2013
Business
Komatsu sees slight decline in sales in first half of year, cuts profit forecast by 26%
Citing a decrease in demand for mining equipment, Komatsu announced decreases in both sales and operating income for the first six months of its fiscal year. In the last six months, the company reports that net sales were down 0.6 percent to 925.1 billion yen ($9.46 billion) compared to the same period last year. Operating […]
October 29, 2013
Business
3 smart strategies to try in your construction business from a successful landscaper
We’ve all heard stories of unconventional entrepreneurs taking the path less traveled to success. The challenge lies in finding practical ways to apply alternative strategies to your own business. Terry Sims of the Garden Artist in Boise, Idaho, has taken her landscape design firm to the top of her field using smart strategies. And though […]
October 29, 2013
Business
Three construction economists forecast growth in construction spending through 2017, note causes for concern
Giving their opinions on how they see things shaking out in the remainder of 2013 and how things will shape up for 2014, three construction industry economists painted a fairly positive picture of growth with a tinge of uncertainty, according to a report from SmartBlogs. Kermit Baker, chief economist at the American Institute of Architects, […]
October 28, 2013
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