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Business: Page 146
Business
Cleveland construction on the rebound thanks to university, health care spending
For the first time in many years, contractors in the Cleveland metro area and the Northeast Ohio region are optimistic, according to a report from Crain’s Business. Two common reasons construction company representatives shared with the publication for the rebound were increased construction spending by universities and hospitals. And though these companies are optimistic that […]
October 10, 2013
Business
Ritchie Bros. CEO Peter Blake to step down next year
After 22 years with Ritchie Bros. and most recently nine as its CEO, Peter Blake has announced that he will step down from his position in May 2014 during the company’s next annual meeting. In the meantime, Blake will remain CEO while the company’s Board of Directors looks for his replacement. Internal and external candidates […]
October 9, 2013
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February 1, 2026
Business
The 9 leadership rules every contractor should know
One of the great assignments the editors at Equipment World get every year is to go out and interview a dozen Contractor of the Year finalists and find out how they have succeeded in this very tough business. If you want to be the best at what you do you owe it to yourself to […]
October 9, 2013
Roadbuilding
Long-life asphalt pavement: Red Bluff lessons
Caltrans Senior Engineer Sean Shepard (I-5 Red Bluff job) and Caltrans Resident Engineer John Bailey (I-5 Weed job) share lessons learned on the Long-Life Asphalt Pavement Projects on Interstate 5. . . Editor’s Note: This is a web-exclusive piece to complement “Long Live Asphalt Pavements,” the National Asphalt Pavement Association (NAPA) Special Section in the […]
October 7, 2013
Business
Labor shortage pushes up construction cost of Minnesota Vikings stadium
The Minnesota Sports Facilities Authority is in the process of doing a bit of recalculating and prioritizing as it faces the challenge of staying within the $975 million budget for the next home of the Minnesota Vikings in downtown Minneapolis. According to a report from Finance & Commerce, the challenge of finding skilled laborers has caused […]
October 7, 2013
Business
No housing, construction jobs or spending reports until government shutdown is over
Though we had a ton of news coming in to the site last week thanks to the big ICUEE 2013 show in Louisville, one story we didn’t have was the latest on job numbers in the construction industry. That’s because the government provides those numbers and, as we’re sure you’re aware, the government is shut […]
October 7, 2013
Roadbuilding
Long Live Asphalt Pavements
The perpetual pavement project on California’s I-5 has sparked a trend in the state for asphalt pavements designed to last 40 years with minimal maintenance.
October 2, 2013
Business
Better infrastructure, fully-funded transportation would cost Americans less than a coffee per month
Last week we showed you a couple of charts that show in a fairly straightforward way, that Americans, when compared to our global peers, don’t pay nearly enough for the roads we drive on. But a new report from the Institute on Taxation and Economic Policy (ITEP) examining federal fuel taxes takes things a step farther […]
October 1, 2013
Business
10 things construction leaders can learn from Dwight D. Eisenhower
The trouble with most management and leadership books crowding the shelves today is that many of them were written by people who’ve never managed anything bigger than their own publishing enterprises. I prefer biographies. And one of the best biographies I’ve read in many years is Eisenhower: In War and Peace, by Jean Edward Smith. So […]
September 30, 2013
Business
Qatar World Cup construction could leave 4,000 workers dead
The International Trade Union Confederation claims that construction underway to prepare Qatar for hosting the 2022 World Cup will leave migrant 4,000 workers dead if current practices aren’t changed. According to a report from British newspaper The Guardian, the ITUC says that it expects 12 workers to die per week, more than 600 per year, […]
September 27, 2013
Roadbuilding
Governing board denies dam contractor’s claim for extra aggregate
. “Contracts for the execution of the works should be drawn with care and precision: Because, when without legal flaws, neither party will be able to take advantage of the other.” —Vitruvius, chief architect to Caesars Julius and Augustus Contract interpretation is an area marked by shades of grey that are ripe for dispute, especially […]
September 26, 2013
Business
INFOGRAPHIC: U.S. doesn’t even crack top 10 list of nations with best infrastructure
Put together by the Journal of Commerce, the following infographic illustrates data gathered through the World Economic Forum’s annual Global Competitiveness Report. Part of the report is a survey where respondents are asked to rate their country’s infrastructure on a scale of 1 to 7. Apparently Americans don’t think very highly of their infrastructure as […]
September 26, 2013
Business
Government priorities and lack of infrastructure spending are hurting the American economy
Ever since the statistical end of the Great Recession an argument has raged about deficit spending by the federal government. Belt-tightening types (usually Republicans) want to rein in spending because they think government deficits hurt the economy. Their opponents (usually Democrats) say the government needs to spend more to stimulate the economy. Who is right? […]
September 25, 2013
Business
Forecast for U.S. construction value at year’s end dropped due to 3 political uncertainties
Citing three different political situations it expects to cause continued shifting in construction markets, FMI has again revised downward its forecast for overall construction value. FMI, a management consulting and investment banking provider for the engineering and construction industry, dropped its forecast for the U.S. value of construction-put-in-place to end at $909 billion this year. That’s […]
September 23, 2013
Business
Is green building movement enough to revive use of heavy timber for framing in construction?
“Green building” and the aim to reduce carbon emissions in the construction of a building are fine goals. But is this growing movement among architects and designers really enough to bring back the use of heavy timber for framing taller buildings? After all, timber hasn’t been used consistently for framing since concrete and steel rose […]
September 23, 2013
Business
CHARTS: Americans don’t pay enough for roads
A great report from The Atlantic Cities brings two charts into focus that do a great job of illustrating why American infrastructure is struggling. The charts were put together by Juan Gomez and José Manuel Vassallo for the Journal of Infrastructure Systems and compile data gathered between 2004 and 2009.  The first chart compares the United States’ […]
September 23, 2013
Business
AWP maker Snorkel to sell majority share to Ahern’s Xtreme Manufacturing
Telehandler manufacturer Xtreme Manufacturing and aerial work platforms maker Snorkel have reached a deal that will see majority ownership of Snorkel transferred to Xtreme. The news is particularly interesting since Xtreme is owned by Don Ahern, who also owns Las Vegas-based Ahern Rentals which filed for Chapter 11 bankruptcy in late 2011. Ahern was able […]
September 20, 2013
Business
Bathtub theory: Construction activity lagging behind home sales due to vacancy rate and household formation
With construction on new homes up 0.9 percent in August, Trulia Chief Economist Jed Kolko points out that new home starts and new home sales are still between 40 and 50 percent below normal levels. Meanwhile, existing home sales are just 2 percent below normal. So why is construction activity still lagging behind the housing […]
September 20, 2013
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