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Business: Page 148
Business
Caterpillar CIO says priorities include improving supply chain, providing customers with productivity-boosting IT solutions
In an interview with Forbes, Caterpillar Vice President and Chief Information Officer Randy Krotowski detailed his first 100 days at the company and laid out his goals and priorities for the company’s information technology division. Krotowski came to Caterpillar in February of last year after spending nearly 30 years with Chevron. Krotowski says it took some […]
September 3, 2013
Business
Getting bonded opens up several worthwhile opportunities for construction companies
Growing a business requires planning for the future. Don’t pass up a project just because it requires a surety bond. Obtaining one can prove worthwhile. “The recovery is starting, and there are a lot of opportunities,” said David Cayemitte, CEO of the Minority Business Development Institute (MBDI), a nonprofit in Bordentown, New Jersey, […]
September 1, 2013
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February 1, 2026
Business
Equipment manager Christopher Finch certified by AEMP
Christopher Finch of Henkels and McCoy is now a certified equipment manager with the Association of Equipment Management Professionals, an individual membership organization made up of equipment maintenance managers. Prior to certification, applicants are rated on their experience accomplishments in equipment maintenance management, and must successfully complete a comprehensive, competency-based examination. To maintain professional certification, […]
August 30, 2013
Business
CNH, Fiat Industrial appoint Massimiliano Chiara CFO
Fiat Industrial and CNH Global have announced Massimiliano “Max” Chiara as the new Chief Financial Officer of both companies. The appointment of Chiara follows the recent resignation of Pablo Di Di, who left to pursue other interests. Chiara served most recently as the CFO and Head of Business Development for Fiat Automobiles Latin America (FIASA). Prior […]
August 30, 2013
Business
BOMAG exits Kewanee plant, plans new facility in southern U.S.
BOMAG Americas says it will cease manufacturing operations in Kewanee, Illinois, by the end of 2014 and relocate its business in a yet-to-be-determined location in the southern United States. BOMAG says its Kewanee-produced products—single drum rollers, asphalt rollers, and a reclaimer/stabilizer—will either be relocated to the new plant or be replaced with “market-accepted products manufactured […]
August 29, 2013
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
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
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