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Business: Page 149
Business
Home prices see biggest gains in 7 years
In May, home prices saw their biggest gains in 7 years, according to a report from the New York Times citing data from the Standard & Poor’s Case-Shiller home price index. The index of home prices, which covers 20 U.S. cities, indicated a 10.9-percent gain over last year at the same time. That’s the biggest increase […]
June 12, 2013
Business
Senate Committee approves nomination of Anthony Foxx for Secretary of Transportation
As expected, Charlotte Mayor Anthony Foxx’s confirmation as the next U.S. Secretary of Transportation is going smoothly. On Monday, the Senate Committee for Commerce Science and Transportation approved his nomination, according to our sister site Better Roads. Foxx’s nomination will now go before the full Senate. The Senate committee’s chairman, Jay Rockefeller, D-WV, urged committee […]
June 12, 2013
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Business
Recent talks suggest Congress has put transportation funding on the back burner
After attending last week’s Transportation Construction Coalition (TCC) fly-in visit with Congress, John Latta, the editor of our sister site Better Roads, writes that the overall feeling among the contractors and agency officials that were there is that lawmakers do not share their sense of urgency about securing funding for transportation infrastructure. “A common theme they heard […]
June 11, 2013
Business
A pros-and-cons overview of available options for funding transportation infrastructure
The partial collapse of the Interstate 5 bridge over the Skagit River near Seattle has put a big and bright spotlight on the need for more funding for transportation and infrastructure needs in this country. Now attention turns to the lawmakers tasked with figuring it out. During a meeting in Washington, D.C. of the Transportation […]
June 10, 2013
Business
Arrest of excavator operator in Philly building collapse raises questions about marijuana legalization, contractor regulations
After an investigation of what caused the demolition of a downtown Philadelphia building to turn deadly, a 42-year-old equipment operator named Sean Benschop turned himself in to authorities Saturday night after a warrant was issued for his arrest. According to the Associated Press, a toxicology report found that Benschop was allegedly high on marijuana as […]
June 10, 2013
Business
New Apple HQ will create 9,200 construction jobs
In addition to adding a ton of green space to the town of Cupertino, Apple’s planned second campus and headquarters will contribute greatly to the city’s economy. According to a report from Bloomberg, the new HQ will create “9,200 construction jobs and $38.1 million in one-time construction taxes and fees for the city.” Apple already […]
June 7, 2013
Business
LaHood expects big Obama announcement on transportation, comments on I-5 bridge collapse
During a recent talk before the Transportation Construction Coalition (TCC) in Washington, D.C., outgoing Transportation Secretary Ray LaHood told those in attendance to expect a big announcement from President Barack Obama later this year concerning transportation infrastructure. “Once we get past immigration, guns, the sequester, I think the President is going to be big and bold […]
June 6, 2013
Roadbuilding
In Court: A Problem of Deviation
The key test is whether the bidder can be held to perform after taking into consideration all bid deviations so there would not be a competitive advantage over other bidders.
June 5, 2013
Roadbuilding
When the Cold Storms Come
Winter road maintenance gets ready for the toughest season.
June 5, 2013
Business
Are you poised to fail?
Know your Business series, Part II  He overinvested in equipment. He bought too many shiny new trucks. He borrowed a lot at the wrong time. He didn’t know how to manage money. The work just dried up. Sound familiar? If you’re a contractor who made it through the recession, these are some of the […]
June 5, 2013
Business
Believe it or not, most Americans think good roads are more important than their iPhone or TV
To say the findings of a recent study reported on by our sister site Better Roads are a bit shocking is an understatement. Maybe the understatement of the year. Be honest. If you had access to a swath of the American population and could ask them what they value more than their iPhone or cable […]
June 5, 2013
Business
CNH board to hold final vote on Fiat Industrial merger July 23rd
CNH announced today that its Board of Directors will hold the final vote concerning the pending merger with Fiat Industrial on July 23. Fiat Industrial, which owns 87 percent of CNH’s outstanding shares has committed to vote in favor of the merger. The news comes about three and half months after CNH’s Board of Directors […]
June 4, 2013
Business
Construction spending up 0.4% in April despite another dip in government spending
Spending on construction projects in the United States rose 0.4 percent in April, continuing a volatile trend in 2013 of ups and downs, according to data released by the U.S. Commerce Department Monday. After dropping 4 percent in January, spending rose in February only to drop again in March. But in April things are back […]
June 3, 2013
Business
Be prepared to answer these 9 questions when renting an air compressor
1. What are you planning to do? Air compressors drive tools for a variety of jobs, including small scale tasks – such as nailing or chipping – up through cleaning, painting, blasting, demolition, drilling and boring. The two most important statistics for any compressor is pressure (measured in pounds per square inch gauge, or psig) […]
June 3, 2013
Business
Nonresidential construction index indicates gradual improvement, notes concerns with sequester, labor shortage
The FMI Nonresidential Construction Index has reached the highest mark since its inception in the first quarter of 2009. Released this week, the second quarter 2013 edition of the NRCI reached 60.1. FMI, a management consultant and investment banking provider, surveys a group of panelists each quarter to measure the health of the nonresidential construction […]
May 30, 2013
Business
U.S. infrastructure spending has plummeted in last 5 years
According to a report from our sister site Better Roads, infrastructure spending in the U.S. has plummeted in the last five years. Citing data that began in 2002, Better Roads reports that highway and road construction spending began a major decline in 2009. It should come to no surprise that the culprit is the country’s […]
May 30, 2013
Business
Funding isn’t there to rebuild partially-collapsed I-5 bridge in Washington
Despite the increased attention it has given to the problem, the aftermath of a partial collapse of a bridge on Interstate 5 spanning the Skagit River in Washington state also underscores the dearth of solutions the U.S. has for its aging infrastructure and lack of funding. Last Thursday, a section of the 58-year-old bridge collapsed after […]
May 28, 2013
Business
U.S new-home sales rise; home prices jump to highest level in 7 years
The number of new homes sold in April rose 2.3 percent to a seasonally-adjusted annual rate of 454,000, the highest mark since the summer of 2008, the Associated Press and CNBC report. Compared to a year ago, new home sales are up 29 percent, according to Commerce Department data. However, the number is still well […]
May 28, 2013
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