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Business: Page 155
Business
Builder confidence up on strengthening housing market, but majority rate still rate it “fair” or “poor”
Though the reading is not at a point where more home builders view the current market for newly-built, single-family as “good” than “poor,” builder confidence improved three points to a 44 on the May edition of the National Association of Home Builders/Wells Fargo Housing Market Index.  The monthly survey asks home builders to rate current […]
May 15, 2013
Business
John Deere reports record profits in 2nd quarter; construction equipment expected to continue decline
Attributing the news to higher sales of farm equipment, John Deere is reporting its highest ever quarterly net profit of $1.084 billion in the second quarter ending April 30. Compared to the same quarter a year ago, profit was up 2.6 percent from $1.056 billion. For the first six months of the fiscal year starting […]
May 15, 2013
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February 1, 2026
Business
A history of American infrastructure funding and how to go about establishing new financing tools
Just about anyone with knowledge on the subject of infrastructure and transportation funding in the U.S. that you talk to will tell you that big changes need to be made in order to remain competitive with the rest of the world. The truth is, our infrastructure is falling apart. The former Transportation Secretary has said […]
May 15, 2013
Business
10 weeks of declines snapped, but diesel prices expected to continue to fall
A 10-week streak of decreases in the price of on-highway diesel fuel was snapped this week as the national average rose 2 cents to $3.86 per gallon. However, the Department of Energy, which compiles the price data, has forecast that diesel prices will continue to fall. According to this week’s price data, diesel prices are […]
May 14, 2013
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
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
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