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Business: Page 144
Business
Republican Senators turn tables on investigation in vocal defense of Caterpillar during tax hearing
Though a U.S. Senate report written by Michigan Democrat Sen. Carl Levin concluded that Caterpillar had done nothing illegal in offshore tax strategy, most expected a Tuesday hearing before the Permanent Subcommittee on Investigations to amount to a prolonged scolding for Cat and its financial adviser PricewaterhouseCoopers LLP. In the end, it was more of a fair […]
April 1, 2014
Business
CNH Industrial taps Leica Geosystems to provide machine control solutions for Case, New Holland equipment
CNH Industrial announced this morning that it has chosen Leica Geosystems to provide its construction equipment brands with machine control. Leica will provide both factory-installed and aftermarket machine control solutions for Case and New Holland Construction excavators, dozers and graders. Eventually, Leica will provide machine control to the entire CNH Industrial lineup. According to the […]
April 1, 2014
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Business
Homebuilding declines but construction spending up 0.1% in February
Construction spending in the U.S. ticked up 0.1 percent in February despite a decline in homebuilding, according to preliminary data from the Commerce Department. Total spending rose in February to a seasonally adjusted annual rate of $945.7 billion from the revised January figure of $944.6 billion. Due to the revision of that figure, what was a […]
April 1, 2014
Business
Can Texas make high-speed rail work? California can’t
For the last few years, I’ve been critical of California’s attempts to link Los Angeles to San Francisco with a high-speed rail line. It’s not that I’m reflexively against passenger rail. It’s just that California is such a political zoo, I don’t think they can do anything well when it comes to the bread-and-butter responsibilities […]
April 1, 2014
Business
How to save money and protect equipment by creating an anti-idling policy at your construction company
In construction bids, nobody likes to leave money on the table. Yet the biggest controllable expense—fuel cost—is rarely scrutinized for savings. That’s unfortunate, given that the average idle time for heavy equipment is 40 percent, says Komatsu’s Ken Calvert. Komatsu started putting telematics on its machines in 2006. When they looked at the aggregate data […]
April 1, 2014
Success Stories
South Dakota contractor’s work in his small town’s moment of crisis provides framework for growth
Each February, Gale Nitteberg, his wife Sandy and their grandchildren pack up and head south for about a month to escape the harsh South Dakota winter for the warm beaches of Florida. He says years ago he and his wife talked about leaving South Dakota and maybe moving somewhere warmer, but it was never something […]
April 1, 2014
Business
Wacker Neuson achieves revenue, profit goals for 2013, expects to continue growth in 2014
Releasing 2013 financial results, German manufacturer Wacker Neuson says its group revenue rose 6 percent to just under $1.6 billion over the previous year, a result dampened somewhat by currency fluctuations. Cem Peksaglam, CEO, says the company was able to further expand its market position, particularly in the company’s Americas region, which experienced an increase […]
March 31, 2014
Business
The 6 habits of highly successful construction company owners
In our recent special report, “The Future of Your Construction Company”, we focused so much on contractors retiring or transitioning out of the business that it almost begs a question. What does it take to succeed in the construction business? I’ve been in the fortunate position of interviewing at length dozens of our Contractor of […]
March 28, 2014
Dealers
JLG tapped United Rentals Supplier of the Year, Doosan adds a dealer, Terex Cranes taps new VP 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 every week! JLG receives United Rentals Strategic Supplier of the […]
March 28, 2014
Business
Report: Senate panel investigating Caterpillar for avoiding taxes
A U.S. Senate panel that has investigated Microsoft, Hewlett-Packard and Apple for avoiding paying federal taxes has now turned its attention to Caterpillar, according to a report from Bloomberg. The panel is investigating whether Caterpillar shifted profits overseas to avoid paying taxes, the report says, citing three anonymous sources. In early April, the Senate’s Permanent Subcommittee […]
March 27, 2014
Business
Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential
Construction industry consultant FMI has released what it calls a “cautiously optimistic” outlook for the industry in 2014 in its latest quarterly report. The report predicts construction put-in-place to grow 8 percent this year and for the next few years. “Just like the spring, despite all odds and nasty economic weather, the nation needs to […]
March 27, 2014
Business
Spending of state DOTs places priority on new road construction over repairs
State departments of transportation spend more each year on new road construction than on road repairs, according to a new report from Smart Growth America and Taxpayers for Common Sense. The report, “Repair Priorities 2014,” notes that between 2009 and 2011, state DOTs collectively spent $20.4 billion on new roads, growing the nation’s state-owned network […]
March 25, 2014
Business
Dearth of women in construction deprives industry of good workers, women of good jobs
Recently, Barbara A. Res penned an insightful column for the Baltimore Sun examining why there are so few women in the construction industry and detailed why and how this should be changed. As contractors across the U.S. continue battling a skilled worker shortage that is impacting completion dates and ability to meet rising demand, it’s a […]
March 24, 2014
Roadbuilding
Kosciusko County Turns to Liquid Calcium Chloride to Improve Road Base Stabilization
Situation The Kosciusko (Indiana) County Highway Department undertakes improvement projects on 50 to 100 miles of roadway annually and, like many counties across the U.S., faces constant pressure to contain costs in the face of decreasing budgets. Although resources are limited, county residents and businesses still have high expectations for road quality and timely […]
March 21, 2014
Business
Want to boost your construction business? Put a woman in charge
I saw something this week that caught my eye: A Tweet linking to a Harvard Business Review post said a study in Italy found naming a woman as CEO improves profitability in family-owned firms. Specifically, replacing a male CEO with a female CEO increases profitability. Also, the more women on the board of directors of […]
March 21, 2014
Dealers
Peterbilt and Peterson name dealers of the year, Bobcat and JCB add dealers 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 each week. Bobcat introduces new dealer in Arden, North Carolina […]
March 19, 2014
Business
DOT says Highway Trust Fund could face shortfall by late July
The U.S. Department of Transportation has updated its Highway Trust Fund Ticker to show that the fund could shortfall as early as the end of July. The DOT notes that the HTF “will encounter a shortfall before the end of fiscal year (FY) 2014,” adding that “the surface transportation program continues to outlay at a […]
March 18, 2014
Business
Divergence of construction spending and employment could point to “fundamental change” in the industry
Recently, the folks at Business Insider put together a nicely done and comprehensive article on the skilled labor shortage affecting the construction industry and the impact it’s having on homebuilding. There wasn’t much new news to be found for those of us who follow these stories on a regular basis. Many of the experienced and […]
March 17, 2014
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