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Business: Page 150
Business
Construction company mergers, acquisitions increase as recession-weary contractors weigh the future
It’s well established that the effects of the recession are still being felt by the construction industry. The most visible evidence of that has been the skilled labor shortage. Thousands of skilled workers were laid off in the downturn, some retired, and a lot of those folks simply aren’t coming back even though things seem […]
August 1, 2013
Business
74 tips for reducing equipment costs (1-10)
One thing I learned long ago was the bottom-line impact of reducing costs.  I don’t mean cutting costs—I mean reducing costs.  There is a significant difference. One brings immediate relief to the bottom-line while the other brings more sustainable results. Over the next several posts, I will share 74 tips to help you reduce costs. […]
July 31, 2013
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February 1, 2026
Business
CNH 2Q net sales up 9%, operating profit up 26%
Thanks to big increases in agricultural equipment sales, CNH Global saw jumps in both net sales and operating profit in the second quarter. The company reported a year-over-year 9 percent increase in 2Q net sales to $5.5 billion and a 26-percent jump in operating profit from equipment sales to $659 million. Comprising 83 percent of […]
July 31, 2013
Business
Boggs Paving responds to indictment on charges of government contract fraud
Earlier this week, we reported on a North Carolina paving contractor indicted by a grand jury on charges of government contract fraud. According to the allegations, Monroe-based Boggs Paving used Styx Cuthbertson Trucking Company Inc., a certified Disadvantaged Business Enterprise, as a pass through to obtain 35 federally funded contracts worth $87.6 million. Boggs has since released […]
July 31, 2013
Business
Opinion: If Obama wants job growth, he should start by asking the EPA to calculate how many jobs they’ve destroyed
The president spent an hour last week giving a speech detailing yet another jobs program. During the last election cycle we were promised a new era of green jobs facilitated by the hand of government. Now it’s “infrastructure,” he says. That’s where the jobs are! Obama’s been talking about infrastructure for six years now and […]
July 31, 2013
Roadbuilding
Batteries Have Changed – Has Your Battery Charger?
Battery composition and construction have changed drastically in the past decade. New battery chemistries, such as AGM and Gel Cell types, are gaining traction with vehicle manufacturers and are becoming increasingly present as aftermarket alternatives. In addition, new battery constructions, such as Spiral Wound batteries, are gaining in popularity in a wide number of application […]
July 31, 2013
Business
Komatsu sees small decline in 1Q net sales, remains confident in stronger outcome for 2013
Decreases in demand for construction and mining equipment in Indonesia and mining equipment in Latin America led to year-over-year declines in both net sales and operating income for Komatsu in the company’s first quarter, which ends March 31, 2014. However, expanded sales of construction equipment and parts in Japan and the Middle East largely compensated […]
July 30, 2013
Business
LBX Company taps Eric Sauvage as next president, CEO
LBX Company has announced the appointment of Eric Sauvage as its next president and CEO, succeeding Robert Harvell who will retire at the end of the year. Harvell will remain a senior advisor and board member after his retirement. Sauvage joined LBX—the makers of Link-Belt hydraulic excavators, scrap/material handlers, demolition equipment and forestry equipment—in 2008 […]
July 30, 2013
Business
Despite growth in AWP and cranes, Terex cuts outlook after 2Q operating income falls 51%
Citing a “softened” marketplace compared to what the company originally expected for 2013, Terex Corporation announced year-over-year declines in both net sales and operating income for the second quarter and has cut its outlook for the rest of the year. Net sales for the equipment maker were $1.9 billion in the second quarter, down 5.1 […]
July 29, 2013
Business
North Carolina paving contractor indicted for government contract fraud by using “disadvantaged business” as a pass through
Last week, a grand jury handed down a criminal indictment charging Boggs Paving Inc., based out of Monroe, North Carolina, with government contract fraud. The 29-count indictment charges the company and six co-conspirators with the following crimes: conspiracy to defraud the United States Department of Transportation (USDOT); conspiracy to commit wire fraud; conspiracy to commit mail […]
July 29, 2013
Business
Materials shortage pushes homebuilders even farther off the pace of demand
In addition to the skilled labor shortage currently keeping the construction industry from meeting the increased housing demand it has seen in the past 6 to 10 months, a shortage of building supplies is now keeping these contractors even further off pace, reports Reuters. According to the report, regional building materials makers—the companies that supply […]
July 29, 2013
Business
Volvo Construction Equipment 2Q sales fall 19%, operating income down 52 percent
Attributing year-over-year declines to “weaker sales, especially in the mining industry,” Volvo Construction Equipment reported its second quarter results with no change to its outlook for the rest of the year. The company reported operating income of $203.8 million (SEK 1.324 billion). That’s a 52 percent decrease from the $422.2 (SEK 2.742 billion) million brought […]
July 26, 2013
Business
Ask for Input: Building success in the construction industry with 6 management actions (PART 3)
In my second post on this subject, I mentioned a circumstance that made me realize I needed to ask for input from my team prior to making decisions. Here’s another example of how getting input before decision making helped to set the company on the right course. Action No. 4: Ask for input prior to […]
July 26, 2013
Business
Kiewit raises disaster relief money with T-shirt sales
Kiewit, one of the largest construction companies in North America is selling these T-shirts and donating the proceeds to the Alberta Arts Flood Rebuild, after devastating floods overran parts of southern Alberta last month. Good for them. You can order a shirt here. And/or  check out Kiewit’s Facebook page and tell them how much you […]
July 26, 2013
Business
Caterpillar sees second quarter profits fall 43 percent, cuts outlook
Caterpillar reported $14.621 billion in sales and revenues for the second quarter of this year with $960 million in profit. Both numbers are down significantly from last year due to a slump in mining demand, as they were in the first quarter, and the heavy equipment manufacturer has again cut its outlook for sales and […]
July 25, 2013
Business
Volvo Chinese subsidiary SDLG announces plan to enter North American market with LG938L, LG959 wheel loaders
Confirming prior reports, SDLG, a China-based Volvo Construction Equipment brand, announced this morning it will enter the North American market this year. Initially “select dealers” will offer two models, the 2.4 cubic-yard LG938L and the 4 cubic yard LG959. SDLG says its lower cost products “attract customers who are looking for machines that are reliable, […]
July 24, 2013
Business
Texas contractor to pay for repairs resulting from tar covered tires from recently paved road
It always feels nice to drive on newly-paved roads. Typically, that doesn’t include taking the road with you. Victoria, Texas contractor Brannan Paving has agreed to pay for all the repairs resulting from a botched paving job that for several days closed down a 2.5-mile stretch of road near Corpus Christi, according to KRISTV.com. Officials […]
July 24, 2013
Business
Learn how to get the most out of your equipment appraisal at The Construction Symposium
Equipment appraisals are an extremely important element to the business of construction. And we’ve written at length on the topic to give you as much advice and information on the topic as possible. But if you’d like to discuss equipment appraisals with an expert in person, make plans to attend our Construction Symposium in Dallas, […]
July 24, 2013
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