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Business: Page 151
Business
Bobcat R&D expansion brings total Bismarck investment to $35 million
Bobcat recently broke ground on a new $20 million renovation and expansion at the Northern Plains Commerce Centre in Bismarck, North Dakota. Comstock Construction Inc. of Wahpeton, North Dakota is building the new facility and expanding the original building built in 2005. When complete, Bobcat will have invested $35 million total in Bismarck. The new building, […]
May 14, 2013
Business
Caterpillar names Peoria baseball stadium “Dozer Park”
In what has to be one of the most unique names for a ballpark to date, Caterpillar has named the baseball stadium in its hometown of Peoria, Illinois  “Dozer Park,” according to a report from the town’s paper the Journal Star. The ballpark is the home of the Peoria Chiefs minor league baseball team, a farm […]
May 13, 2013
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Business
Are Americans “not willing to pay” for longer-lasting roads?
Over at our sister site Better Roads, columnist Kirk Landers has put together a pretty interesting, and brutally honest, estimation of the glaring discrepancy between Americans’ calls for quality, longer-lasting roads and their willingness to pay for them. You see, it’s pothole season, the time of year when road crews all over the nation get […]
May 13, 2013
Business
Construction economists: spending on slow upward march, housing has long way to go
There are several pluses and minuses in today’s construction spending front, although the overall picture is trending upwards, agreed three construction economists participating in a Reed Construction Data forecast webinar today. “Construction is growing, but it is growing unevenly,” said Ken Simonson, chief economist for the Associated General Contractors of America. Simonson sees growth in […]
May 10, 2013
Business
Construction fuel consumption dips 0.9% in March
Fuel consumption by the construction industry fell month-t0-month in March by 0.9 percent, according to the latest WEX Construction Fuel Consumption Index. Annually, the index expanded and was up by 1.9 percent over March 2012. That marks the sixth consecutive month of annual growth for the index. The index measures national fuel consumption statistics for the […]
May 10, 2013
Business
Caterpillar’s chief technology officer urges Congress to support manufacturing, highly skilled workers in immigration reform
Caterpillar’s Chief Technology Officer Gwenne Henricks recently testified before the Senate Commerce Committee and urged lawmakers to support manufacturing and highly-skilled immigrants in whatever form of immigration reform is passed into law. Henricks told the committee that such reform is necessary in order to allow the United States to better compete in the global economy […]
May 9, 2013
Business
Hyundai Construction Equipment Americas names Seok Myung Yoon president and CEO
Hyundai Construction Equipment Americas named Seok Myung Yoon its new President and CEO Wednesday. Yoon, known by most as Sam, comes to the company’s American construction equipment division from its parent company Hyundai Heavy Industries. Yoon will be making the move from HHI’s Brazil division to Norcross, Georgia where the American construction equipment division is […]
May 8, 2013
Business
U.S. rental construction, lack of first-time home buyers a sign of “inferior housing recovery”?
Despite recent dips in construction spending and employment, the mood in the industry is, well, better. Better than it was last year anyway as 151,000 jobs have been added since then, the unemployment rate is down to 13.2 percent and spending is up 5 percent. As we’ve noted before, a lot of this has to […]
May 8, 2013
Business
Better Roads: Time to start applying pressure on Congress for transportation bill replacement
Citing a report from the Congressional Budget Office that details a nearly bankrupt Highway Trust Fund and the real possibility of needing to dive into the General Fund in order to replace the current MAP-21 transportation bill, John Latta of our sister site Better Roads suggests highway contractors begin talking to their representatives about the […]
May 8, 2013
Business
Majority of Americans favor tolls as source for transportation funding
A recent survey of American motorists confirms the feeling that most aren’t fond of the idea of gas taxes, finding that a majority, 43 percent, favor tolls instead as a method for raising transportation and infrastructure funding. The 2013 American THINKS Tolling Survey, conducted by HNTB corporation, surveyed 1,000 Americans and found that 43 percent […]
May 7, 2013
Business
JCB celebrates 1 millionth machine: a JS220 tracked excavator
JCB recently celebrated its 1 millionth machine rolling off the assembly line with a big event at the company’s headquarters in the UK. The company wrapped the entire glass frontage of its headquarters in Rocester, Staffordshire, England with a graphic wrap announcing the milestone and hundreds of JCB employees gathered together to celebrate. The 1 […]
May 7, 2013
Roadbuilding
The EPA and You
Don’t wait for environmental regulations to affect your your company’s or your agency’s work — strike first.
May 6, 2013
Roadbuilding
Construction University
How you can get the business side of your business in shape for future growth. Are you being embezzled?
May 6, 2013
Business
Caterpillar to layoff 300 at mining facility in Illinois, close tunneling plant in Toronto
In the wake of a first quarter that saw profits tumble 45 percent, mostly due to low demand for mining equipment, Caterpillar continues to make moves to rectify the situation announcing layoffs in Illinois and a plant closing in Toronto. Neither of the moves will affect the company’s earthmoving business. After announcing a round of 500 […]
May 6, 2013
Business
Construction unemployment rate drops despite losing 6k jobs in April
After riding a four-month streak of employment gains to the highest total employment the industry had seen in nearly four years, the construction industry lost 6,000 jobs in April, according to new data from the U.S. Labor Department. Despite the loss of jobs, the industry’s unemployment rate continued to fall, dipping to 13.2 percent. The […]
May 3, 2013
Business
U.S. needs to “Think Big” like Germany if it wants to escape construction, technician labor shortage
Contractors and equipment dealers struggling to find a solution to the shortage of trained technicians in the United States, need look no further than Germany for an example of how to do it right. The German Engineering Federation, VDMA, last month bussed in more than 10,000 teens to participate in Bauma 2013 and a program […]
May 3, 2013
Business
Lego sticker depicting construction worker’s catcall stirs controversy
Blogger, journalist and organizer Josh Stearns recently posted a photo to his blog of a sheet of Lego stickers that didn’t sit right with him and doesn’t portray the construction industry in a particularly flattering way. One of the stickers, seen to the right and depicting a Lego minifigure in construction worker’s garb with his […]
May 3, 2013
Business
Construction University eases transition from jobsite to the office
It’s a common story: After working in construction awhile—sometimes with family, sometimes not—a guy or gal wants to strike out on their own. And so they buy, or rent, that first machine. The weekend jobs turn into steady work, either gradually or right off. Instead of one beater machine, the newly-minted contractor starts to gain […]
May 3, 2013
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