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Business: Page 141
Business
4 New Year’s resolutions every contractor should make to improve their business in 2014
Your crews have been sent home, most of your machinery has made it back to the yard for a yearly maintenance run through, and it’s time to celebrate another full year of being in business. During this less-than-full-throttle time (assuming a client doesn’t call with an emergency), consider these ways you can get on the […]
January 3, 2014
Business
U.S. construction spending up 1% in November to nearly 5-year high
Construction spending in the U.S. rose 1 percent in November of last year to reach a nearly 5-year high. Spending reached a seasonally adjusted annual rate of $934.4 billion in November, according to preliminary data released by the Commerce Department. That’s the highest rate since May 2009 and 5.9 percent better than November 2012. October’s […]
January 2, 2014
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February 1, 2026
Contractor of the Year
How one 3rd-generation paver expanded the family business into concrete, sealcoating
Operating the business started by his late father Dale, third-generation contractor Chris Fink knows a thing or two about paving. Performing a mix of public and private work; residential and commercial, Chris is known throughout the Shreveport area as being a leader and a go-getter. With the help of his wife, Tracey, who handles much […]
December 30, 2013
Business
Forbes: Caterpillar’s mining woes likely to continue hurting sales in 2014
For the last three quarters, Caterpillar’s financial results have shared a familiar theme: decreased demand for mining equipment. Caterpillar’s mining sales are down 33 percent annually, or $5.4 billion. And a new report from Forbes, put together by stock price estimate firm Trefis, says Caterpillar’s mining woes will likely continue at least into early 2014. […]
December 29, 2013
Business
The top 13 construction industry stories and posts of 2013
To say 2013 was a big year for us here at Equipment World would be an understatement. We’ve seen our online audience grow in a big way, so we thought it would be fun to put together a list of the top stories of the year based on your clicks. There’s a little bit of everything […]
December 29, 2013
Business
Despite record Q4, Ritchie Bros. equipment sales fall to $3.8 billion in 2013
Despite a record-breaking fourth quarter, Ritchie Bros. Auctioneers saw equipment sales fall 3 percent in 2013 to $3.8 billion. “This was an important year for our business,” said CEO Peter Blake in a prepared statement. “We had a focused strategy to grow our sales force and improve the performance of our underwritten (or ‘at risk’) […]
December 26, 2013
Business
In face of woes, ChinaDailyUSA says Sany is “gaining traction” in U.S.
In a report released today, the ChinaDailyUSA website says that 2013 was “a year worth celebrating” for Sany America, a division of Chinese equipment manufacturer Sany. According to the report, the U.S. subsidiary has doubled sales from last year, and now covers 65 percent of the United States, Canada and Mexico with its dealer network. […]
December 26, 2013
Roadbuilding
Kandiyohi County uses aggregate base stabilizer on damaged county road
Located in central Minnesota, Kandiyohi County proudly maintains a 649-mile highway system, which includes 452 miles of bituminous roads and 197 miles of gravel roads, as well as 69 bridges. In the mid-2000s, it became apparent that a certain 5.5-mile stretch of bituminous road was beyond the point of maintenance. As with many other roads, […]
December 20, 2013
Business
Confidence in equipment finance sector falls in December
According to the latest Equipment Leasing and Finance Foundation (ELFF) Monthly Confidence Index, executives in the equipment finance sector are uncertain at best about the state of the economy and the next quarter of their business. The December 2013 Monthly Confidence Index fell to a 55.8 from the November index of 56.9. According to the […]
December 20, 2013
Dealers
Ruffridge-Johnson now a Bomag distributor, Holt Cat expands mining business, United Rentals expands operations and more 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! Ruffridge-Johnson now Bomag road building distributor Ruffridge-Johnson Equipment Company is […]
December 19, 2013
Business
Housing starts soar 22.7% in November to nearly 6-year high
Greatly defying expectations, U.S. housing starts soared in November to heights rarely seen since the housing collapse in 2006. Housing starts jumped 22.7 percent in November to a seasonally adjusted annual rate of 1.091 million, according to data from the Commerce Department. That’s the highest monthly gain since January 1990 and only the second time […]
December 18, 2013
Business
Smooth operator: How to seamlessly transition your construction company from one generation to the next
For the December issue of Equipment World, architect and construction attorney James K. Zahn, FAIA, FALA, Esq., of Chicago-based Sabo & Zahn, provided us with advice on steps a contractor must take when planning to sell or gift a construction business to the next generation. Equally important, however, is ensuring the transition goes off without […]
December 17, 2013
Business
Montabert to remove Tramac brand name from demolition products in North America
Montabert is keeping the green coloring, but dropping the Tramac brand name from all of its products. Until now, hydraulic breakers, plate compactors, drilling attachments and pneumatic equipment have been branded “Tramac by Montabert.” But in an effort to extend its brand further in North America, Montabert is dropping the Tramac name. Montabert will start […]
December 16, 2013
Roadbuilding
Dowel Bar Retrofit: Where Are We Now?
Great ideas don’t always have to born in the moment or generated by a mainframe super computer. Sometimes it is as simple as looking back to what has performed well in the past and continues to do so in the present. Such is the case for dowel bar retrofit (DBR). DBR is a load transfer […]
December 13, 2013
Business
JCB’s $244 million expansion plan will create 2,500 jobs in UK
Two new factories and a large expansion are in the plans for JCB as part of a $244 million plan that will create 2,500 jobs in the United Kingdom. The expansion plan will take place over a five year period and will be a huge boost for the county of Staffordshire where each of the […]
December 12, 2013
ConExpo-Con/Agg
The 4 hottest ConExpo-Con/Agg 2014 education seminars
Pre-registrations are coming in strong ConExpo-Con/Agg education sessions according to to the Association of Equipment Manufacturers. The four sessions are proving the most popular in registrations, including three sessions co-sponsored by the Association of Equipment Management Professionals: Making a Business Case for Telematics Regardless of Your Fleet Size This session will detail how telematics data […]
December 12, 2013
Business
FDNY firefighters form a construction company to rebuild homes destroyed by Hurricane Sandy
Fire Lt. John Nolan recently retired from the New York City Fire Department after 18 years of duty, so he’s well-versed responding quickly in disastrous situations. So, when Hurricane Sandy hit the East Coast in October 2012, devastating the communities of Rockaway and Breezy Point in the borough of Queens, Nolan and fellow firefighters went […]
December 12, 2013
Business
6 steps for passing down your construction business to your children
You’ve grown your construction firm into a thriving business, and now you’re ready to retire. Your children are waiting in the wings to take over the company they’ve been groomed to run since they were old enough to climb onto a piece of equipment. However, you know you can’t just hand over the reins and […]
December 11, 2013
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