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Business: Page 144
Business
Phoenix contractors unable to meet demand of construction rebound due to skilled worker shortage
After losing nearly half of its construction jobs in the throes of the recession, Phoenix, Arizona is now in the middle of a construction rebound—but unable to hire enough skilled workers to meet demand. “To hire someone right now, you have to offer them more money to draw them away from another company,” construction supervisor […]
August 27, 2013
Business
Energy, fuel and the federal regulatory tsunami dominate the conversation at the 2013 Construction Symposium
Contractors and heavy equipment fleet managers got an earful of what challenges await them in the construction industry and what the solutions might be at the Randall Reilly Construction Symposium held Wednesday and Thursday in Dallas, Texas. In a nutshell—the shale oil and gas revolution is going to be great for the construction industry, but […]
August 23, 2013
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February 19, 2025
Business
74 tips for reducing equipment costs (31-45)
With this post, we’re now more than halfway through my 74 ways to reduce equipment costs. Here are tips No. 31-45: 31: Track turn rates Turn rates (how often items and inventory value are replaced) are important indicators to show what is and is not moving. Slow and no movers can be removed but you […]
August 23, 2013
Business
Construction companies must mind CSA regs, even with their ‘casual truckers’
When the federal Compliance, Safety, Accountability program started in December, 2010, enforcement concentrated on the large trucking carriers. But now the Federal Motor Carrier Safety Administration is taking aim at smaller truck-owning entities such as construction firms, said Jeff Davis, Fleet Safety Services, speaking at the Construction Symposium Wednesday. “If you have a vehicle that’s […]
August 22, 2013
Business
Caterpillar announces retirement of 3 VPs alongside realignments and new Strategic Services Division
Caterpillar on Tuesday announced the retirement of three longtime vice presidents, two division realignments and a newly-created Strategic Services Division. Mike DeWalt has been appointed as the vice president of the new division which will include strategic planning, Mergers & Acquisitions (M&A), investor relations, economics, business risk management and competitive analysis. It’s part of a renewed […]
August 21, 2013
Business
U.S. exports of construction equipment drop 21% in first half of year
Exports of construction equipment manufactured in the United States dropped 21 percent during the first half of 2013, according to a report from the Association of Equipment Manufacturers. Midway through 2012, the U.S. had shipped $13.7 billion worth of equipment to global markets. At the midway point this year, only $10.8 billion had been shipped. […]
August 21, 2013
Business
Terex sells large wheel loader line to German manufacturer Atlas Maschinen
Terex has sold all intellectual properties of its large wheel loader line to German manufacturer Atlas Maschinen, according to a report from KHL. The price of the deal was not disclosed. The deal includes the TL160, TL210, TL260 and TL310. Atlas Maschinen has said it will continue the manufacturing of the machines under both the […]
August 20, 2013
Business
Bookkeeper charged with embezzling $852k from Pa. construction company
Consider this a cautionary tale as to why contractors should know the signs of embezzlement. The former bookkeeper of a family-owned construction company in eastern Pennsylvania has been charged with embezzling more than $852,000 from the company since 2007, according to a report from the Associated Press. Ruth Phillips, 54, was arraigned last Thursday on […]
August 19, 2013
Business
Rising materials costs, labor shortage, financing woes preventing apartment builders from meeting demand
As we reported last Friday, construction on new homes was up 6 percent in July largely thanks to a 26-percent jump in apartment construction. And that’s been the case for just about the entire year. Any time there’s a gain in overall home starts, apartments are the main contributor. And as we told you back […]
August 19, 2013
Business
Caterpillar details work to reduce waste at Georgia plant
Last week, Caterpillar invited 50 local business leaders to its new small bulldozers and mini hydraulic excavator plant in Athens, Georgia to take in a presentation on how the company is working to reduce waste and its carbon footprint. “Caterpillar has a vision for 2020 to be zero waste to landfill, so we just wanted to present […]
August 19, 2013
Business
Are you our 2014 Contractor of the Year? Apply now
Each year around this time we start the search for our next Contractor of the Year. These are contractors who have successfully managed their companies through the roller coaster of today’s construction economy and our past winners are certainly some of the industry’s best and brightest. Are you proud of your company’s performance and feel […]
August 16, 2013
Business
Mike Rowe: “We no longer equate dirt with success. But we should.”
We like Mike Rowe. His Go Build series of TV spots and YouTube videos do a great job of introducing people to the construction industry and trades and how happy and successful you can be in those jobs. He’s honest and outspoken about how our country undervalues vocational training and the skills gap that’s created. […]
August 15, 2013
Business
John Deere sees record Q3 income of $997 million despite 11% decrease in construction sales
Thanks to higher shipment volumes and an increase in sales within its agriculture and turf division, John Deere reported a jump in income of 26 percent for its third financial quarter. Net income for the company was $996.5 million for the quarter, compared to $788 million for the same period last year. Net sales for […]
August 14, 2013
Business
First buyer of John Deere’s 644K hybrid loader seeing 25% fuel savings
In 2009, RJS Construction Group, based out of Superior, Wisconsin, was the second construction company to buy John Deere’s 764 HSD high-speed dozer. Hoping to be an even earlier adopter on Deere’s latest technology, the company recently made sure it was first out of the gate to buy Deere’s new 644K Hybrid loader. Both moves […]
August 13, 2013
Business
Forecast expects global demand for construction equipment to reach $189 billion by 2017
Citing growth in Asia, primarily in China, a new forecast expects global demand for construction equipment to rise at a click of 6 percent per year, reaching $189 billion by 2017. The report, put together by market research firm the Freedonia Group, says the Chinese market “will climb at a double-digit annual rate” while the […]
August 13, 2013
Business
Long Walk: Builders of 47-story Spanish skyscraper forget to install the elevator
We all make mistakes. But very few of us have made one as monumental as this one. Via Gizmodo, sourced from a report by El Pais, after building 47 stories of the Intempo skyscraper in Benidorm, Spain—designed to be a monument signaling the city’s return from the country’s financial crisis—the builders realized they had forgotten […]
August 12, 2013
Business
Outpacing U.S. economy by 4 times, equipment rental revenues expected to grow 7%
The latest forecast from the American Rental Association shows the U.S. equipment rental industry outpacing gross domestic product by four times with revenues expected to reach $33.5 billion by the end of the year. Should revenues reach that mark, it would mean a 7-percent increase over 2012, according to ARA’s Rental Market Monitor. According to […]
August 12, 2013
Business
Former contractor breaks down communication barriers with ELSA, a device that speaks 180 languages
Imagine yourself in the middle of an important project. You need to tell your workers about a crucial step in the building process. You attempt to speak with them, but all you get in return are several confused faces. You’re clearly not getting through. This was the place Charles Howerton found himself seven years ago. […]
August 9, 2013
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