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Business: Page 154
Business
Despite increase in 3Q operating income, Terex edges down outlook after slight decrease in sales
Following a rough second quarter, Terex announced today that despite a decrease in net sales over the same period last year, it saw improvement in operating income in the third quarter. Terex reported net sales of $1.810.6 billion in the third quarter, down 0.6 percent from $1.822.0 billion in the third quarter of 2012. Operating income […]
October 24, 2013
Business
Caterpillar 3Q profits down 44%, cuts outlook for 2013 once more
Caterpillar is reporting another down quarter due to decreased mining demand with third quarter sales and revenues down 22.5 percent and profits down 44 percent from last year. The company announced today third quarter sales and revenues of $13.423 billion, down from $16.556 billion in the third quarter last year. Third quarter profits fell from […]
October 23, 2013
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Business
Construction spending up 0.6% August to 4-1/2-year high
Construction spending in the U.S. rose by 0.6 percent in August to its highest point since April 2009, according to preliminary data from the Commerce Department. According to the data, total construction spending rose to $915 billion in August. The total marks a 7.1-percent improvement over the same time last year. The boost comes thanks […]
October 22, 2013
Business
Construction industry adds 20k jobs in September to 4-year high
During September, U.S. construction companies added 20,000 workers, bringing the industry’s workforce to a four-year high. A total of 5.826 million Americans are employed in the industry, the highest number since 5.851 million were employed in August 2009, according to data from the Bureau of Labor Statistics. September’s total is 3 percent higher than the […]
October 22, 2013
Business
Volvo CE president Pat Olney is leaving the company
Volvo Construction Equipment announced this morning that company president Pat Olney is leaving the company at the end of this year. Olney will take a position in a “non-competing, large engineering company” based in the United States. In a statement this morning, Olney cited a 17-year career at VCE and stressed the change “was not an […]
October 21, 2013
Business
At GIE 2013, Tom Jackson to host session on the secrets of equipment owning and operating costs
If you happen to be going to the GIE+Expo next week in Louisville, Kentucky, stop by at the show’s new Friday breakfast workshop, 7:30 to 9:15 a.m, Room C-108. That’s where I’ll be hosting a session on “Calculating Your Equipment’s Owning and Operating Costs.” Why O&O costs? Because in 14 years of writing about construction […]
October 21, 2013
Roadbuilding
Design-Bid-Build vs. Design-Build
Understanding the process and what you need to know Author’s note: This article will attempt to answer the questions asked by the Area Construction Engineer in the scenario given as well as review the traditional “design-bid-build” process for construction projects, extensively explaining the process of the design-build process, highlight the difference between the two project […]
October 18, 2013
Business
8 top marketing tips for every excavation contractor
Marketing isn’t just for big companies and consumer products. Excavation contractors can use marketing tactics and strategies to advantageously position their company in the marketplace to win more bids and grow revenues while at the same time enhancing the company’s reputation. With the pressure of today’s low bid environment and get-it-done-yesterday job sites, it can […]
October 16, 2013
Roadbuilding
From Patching to Production
How one firm successfully expanded its paving operations . Until a few years ago, TC Construction Company Inc. was primarily an underground utility contractor that mixed in a little bit of everything else. Its offerings included wet and dry utilities; water and wastewater pumping stations; and small grading work. The firm even did some paving […]
October 11, 2013
Business
Cleveland construction on the rebound thanks to university, health care spending
For the first time in many years, contractors in the Cleveland metro area and the Northeast Ohio region are optimistic, according to a report from Crain’s Business. Two common reasons construction company representatives shared with the publication for the rebound were increased construction spending by universities and hospitals. And though these companies are optimistic that […]
October 10, 2013
Business
Ritchie Bros. CEO Peter Blake to step down next year
After 22 years with Ritchie Bros. and most recently nine as its CEO, Peter Blake has announced that he will step down from his position in May 2014 during the company’s next annual meeting. In the meantime, Blake will remain CEO while the company’s Board of Directors looks for his replacement. Internal and external candidates […]
October 9, 2013
Business
The 9 leadership rules every contractor should know
One of the great assignments the editors at Equipment World get every year is to go out and interview a dozen Contractor of the Year finalists and find out how they have succeeded in this very tough business. If you want to be the best at what you do you owe it to yourself to […]
October 9, 2013
Roadbuilding
Long-life asphalt pavement: Red Bluff lessons
Caltrans Senior Engineer Sean Shepard (I-5 Red Bluff job) and Caltrans Resident Engineer John Bailey (I-5 Weed job) share lessons learned on the Long-Life Asphalt Pavement Projects on Interstate 5. . . Editor’s Note: This is a web-exclusive piece to complement “Long Live Asphalt Pavements,” the National Asphalt Pavement Association (NAPA) Special Section in the […]
October 7, 2013
Business
Labor shortage pushes up construction cost of Minnesota Vikings stadium
The Minnesota Sports Facilities Authority is in the process of doing a bit of recalculating and prioritizing as it faces the challenge of staying within the $975 million budget for the next home of the Minnesota Vikings in downtown Minneapolis. According to a report from Finance & Commerce, the challenge of finding skilled laborers has caused […]
October 7, 2013
Business
No housing, construction jobs or spending reports until government shutdown is over
Though we had a ton of news coming in to the site last week thanks to the big ICUEE 2013 show in Louisville, one story we didn’t have was the latest on job numbers in the construction industry. That’s because the government provides those numbers and, as we’re sure you’re aware, the government is shut […]
October 7, 2013
Roadbuilding
Long Live Asphalt Pavements
The perpetual pavement project on California’s I-5 has sparked a trend in the state for asphalt pavements designed to last 40 years with minimal maintenance.
October 2, 2013
Business
Better infrastructure, fully-funded transportation would cost Americans less than a coffee per month
Last week we showed you a couple of charts that show in a fairly straightforward way, that Americans, when compared to our global peers, don’t pay nearly enough for the roads we drive on. But a new report from the Institute on Taxation and Economic Policy (ITEP) examining federal fuel taxes takes things a step farther […]
October 1, 2013
Business
10 things construction leaders can learn from Dwight D. Eisenhower
The trouble with most management and leadership books crowding the shelves today is that many of them were written by people who’ve never managed anything bigger than their own publishing enterprises. I prefer biographies. And one of the best biographies I’ve read in many years is Eisenhower: In War and Peace, by Jean Edward Smith. So […]
September 30, 2013
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