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Business: Page 153
Business
One contractor’s embezzlement: What happened
There’s much more to the contractor tale we highlighted in our “Are you being embezzled?” story. Here is this Southern California contractor’s account, told to us under the agreement of anonymity: “We needed an accountant, and this candidate was far above anyone else we had interviewed. She had construction experience, letters of reference and the best […]
April 29, 2013
Business
Embezzlement Infographic
April 29, 2013
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Business
Bell Equipment exec gives further insight into company’s North American re-entry
After Bell Equipment’s announcement about its re-entry into the North American market with a line up of articulated haulers, including the largest-in-the-market 50-ton at the Bauma trade show in Munich, Equipment World sat down with Neville Paynter, Bell NA’s managing director, for further details on his company’s model. The decision comes at the end of […]
April 28, 2013
Business
Volvo Construction Equipment first-quarter profits tumble 76%, sales down 32%
While the company was happy to see its profitability improve from the fourth quarter, Volvo Construction Equipment’s first-quarter operating income plummeted 76 percent from the same period a year ago. The company reports that it was hurt by declines in each market and a sharp decline in mining sector demand. Volvo reported first-quarter operating profits […]
April 26, 2013
Business
Terex sees increased operating profits despite first-quarter sales falling 5.3%
In the first quarter of the year Terex saw net sales drop 5.3 percent from the same period last year to $1.7 billion. Nonetheless, the company saw an increase in operating profits. After deducting operating costs, Terex profits were at $68.4 million the first quarter. That’s a 7 percent increase from the $63.8 million in […]
April 25, 2013
Business
Two-thirds of Americans likely to say “no” to gas tax as transportation funding
According to a report from our sister site Better Roads citing a recent Gallup poll, two-thirds of Americans would oppose a 20-cent-per-gallon gas tax that would provide funding for transportation and infrastructure repairs. The poll was conducted April 9-10 shortly after Maryland passed its first gas tax increase in 20 years. The tax’s 13- to […]
April 24, 2013
Business
Caterpillar first-quarter profits fall 45% due to inventory cuts, low mining demand
A steep decline in demand for mining equipment coupled with reductions in inventory are to blame for Caterpillar’s slumping first-quarter financial results, the company reports. The company reported a profit of $880 million in the first quarter of 2013, a 45-percent tumble from the $1.586 billion the company pulled in the first quarter of 2012. Sales […]
April 23, 2013
Business
New home sales up 1.5% in March
After a dip in February followed a strong surge in January, new home sales edged slightly upward in March. According to data from the U.S. Census Bureau, sales of new single-family homes rose 1.5 percent in March to a seasonally adjusted annual rate of 417,000. At the end of March, 153,000 homes were listed for […]
April 23, 2013
Business
Bauma 2013 equipment show sees record attendance of 530,000
This year’s Bauma construction equipment trade show was the most successful one ever with attendance, exhibitor numbers and exhibition space all breaking previous show records. In total, 530,000 people attended the world’s largest construction equipment trade show in 2013. Another impressive stat was the show’s foreign audience. Hosted in Munich, the show was visited by 200,000 […]
April 22, 2013
Business
Better Roads: 38% of highway construction sites saw car crashes in past year
John Latta, editor of our sister publication Better Roads, has written an impassioned blog post with a very important topic: road construction work zone safety. According to John’s post, 38 percent of highway contractors who responded to a survey by the Associated General Contractors of America saw motor vehicles crash into their construction work zones in […]
April 19, 2013
Business
Kobelco CEO: company “creating from scratch” as it reintroduces itself to North American market
Kobelco Construction Machinery U.S.A. will initially offer 15 excavators ranging from 1.5 to 51 metric tons as it reintroduces itself to the North American market, said Katsuhiko “Pete” Morita, president and CEO, in an interview with Equipment World Wednesday during the bauma trade show. “We’re happy to be back, promoting Kobelco” said Morita, referring to […]
April 18, 2013
Business
Terex CEO discusses roadbuilding sale at Bauma, says company “not looking to be another Cat or Volvo”
Today at Bauma, Terex Chairman and CEO Ron DeFeo gave the press a briefing on where the company currently stands and where it wants to go in the future. While the company was built on acquisitions in the past—most recently Demag cranes in Germany—DeFeo said that he’s not at the show on a shopping expedition. Asked […]
April 17, 2013
Business
GM’s best-selling vehicle isn’t what you’d think (Hint: It’s a small Chinese van)
After analyzing the new Polk vehicle registration data, Jalopnik happened upon a pretty surprising discovery: General Motors’ best-selling vehicle is not only not an American car or truck, it’s not a car or truck period. It’s a van. A tiny, three-cylinder, rear-wheel drive Chinese van called Zhiguang, or “Sunshine.” A van with 80 horsepower. The Sunshine is the […]
April 17, 2013
Business
Caterpillar CEO talks hybrid tech, rental business at Bauma
Noting that the 2010 Icelandic volcano prevented him from attending the last Bauma show, Doug Oberhelman, Caterpillar president and CEO, used that circumstance as an example of how much technology has advanced in just three years during remarks made today at the international trade show. “Then, we were scrambling to get a satellite feed. Now, […]
April 16, 2013
Business
Housing starts jump 7% in March to highest level since before recession
The housing recovery boom marches on. Following a month of stagnation in February, housing starts jumped 7 percent in March to their highest levels since June 2008, according to preliminary data from the U.S. Commerce Department. The big month pushed construction on houses and apartments over the seven figure threshold to a seasonally adjusted rate […]
April 16, 2013
Business
Construction materials prices flat in March as diesel price drop negates lumber and plywood increases
According to the latest Producer Price Index from Associated General Contractors of America, the prices for construction materials were flat in March. The AGC reports that although the prices of homebuilding materials including lumber and plywood, gypsum products, construction plastics, paint and roofing materials increased again in March, a plunge in diesel prices and declines in […]
April 15, 2013
Business
$2.3 billion of 2014 Army budget goes to construction
Army officials recently took time to discuss their military branch’s $129.7 billion portion of the federal budget for the 2014 fiscal year, beginning October 1st. It should come to no surprise that the vast majority of that money, 44 percent or $56.6 billion, will go to military personnel. But about $2.3 billion is marked for “military construction, […]
April 15, 2013
Business
Construction, other industries speak out against guest worker deal
Just when it looked like the final hurdle to immigration reform had been cleared, dozens of business groups, including half a dozen representing construction professionals, have called into question a new guest worker program agreed to by the U.S. Chamber of Commerce and the AFL-CIO. As we recently reported, the new guest worker program, called […]
April 12, 2013
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