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Business: Page 155
Business
Construction spending up 7.9 percent annually, home building at highest level in 4 years
Thanks to a surge in home building, construction spending grew 1.2 percent in February, according to seasonally-adjusted data from the U.S. Commerce Department. After a nine-month string of monthly increases was snapped with a 2.1-percent dip in January, construction spending is now at a seasonally adjusted annual rate of $885.1 billion. Compared to February 2012, that […]
April 1, 2013
Business
Does it pay for contractors to run a truck or fleet on natural gas?
Remember when diesel was $2 a gallon and you could drive your big trucks without gasping at the cost of a fill-up? Those days may be coming back, although it won’t be diesel that’s costing $2 a gallon, but natural gas. Thanks to fracking and horizontal drilling techniques developed in just the last decade, domestic petroleum […]
April 1, 2013
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Success Stories
Diversity, flexibility lead North Carolina’s Mitch Cox Construction through recession
Editor’s Note: Mitch Cox was a finalist for 2012 Contractor of the Year. He started Mitch Cox Construction Inc. in 1980 in Johnson City, Tennessee. The company has 35 employees with annual volume of $8 million to $10 million. The company serves the MOB, renovation, office and retail construction markets. Mitch Cox, CEO and founder of the […]
April 1, 2013
Business
Congress discusses expanded oil and gas drilling as source of transportation funding
With talks in Congress over how to raise transportation funding at a standstill, some lawmakers have voiced their opinion that the answer is oil, according to our sister publication Better Roads. Speaker of the House John Boehner recently called revenues for infrastructure improvements via oil and gas drilling expansions a “natural link.” But some lobbyists […]
March 29, 2013
Business
Construction fuel consumption up 6.5% annually in February
The latest round of the WEX Construction Fuel Consumption Index (FCI), is out and indicates an increase of 6.5 percent in February over February 2012. The FCI was up 1.6 from January. The index measures national fuel consumption statistics for the construction industry to provide an month-t0-month measure of construction activity in the United States. Private […]
March 29, 2013
Business
Poll: Could you tell if you were being embezzled from?
Embezzlement is one of those worst case scenarios for any type of business owner. And given the heap of troubles the economy has given the construction industry lately, it’s likely one of the last things contractors are thinking about. But that doesn’t mean it should be. In May we’ll be publishing an article that explains […]
March 28, 2013
Business
Shell collaborates with Volvo, Mack Trucks on global LNG fuel
Shell has taken part in two new global collaborations—one with Volvo Trucks and one with Mack Trucks—to encourage the use of Liquefied Natural Gas (LNG) as a fuel for commercial vehicles. The two non-exclusive agreements with Shell will include collaboration on issues such as fuel specification and emissions performance. Volvo’s LNG offerings include its 13-liter […]
March 28, 2013
Business
Letterman’s Top Ten features “Construction Worker Pet Peeves”
We won’t waste much of your time explaining this one so you can get right to the video. On “The Late Show with David Letterman”, 10 New York City construction workers got the chance to deliver the show’s nightly “Top Ten.” It was a strong list of jokes and we think these ladies and gentlemen […]
March 27, 2013
Business
Technician shortage, telematics, fleet value highlighted in key notes from AEMP annual meeting
Whenever I go to a big conference and hit it hard from sunup to late in the evening, I take back a lot of good big ideas and assignments to work on. But then there always a few dozen random but interesting things you hear too. My latest case was the Association of Equipment Management […]
March 27, 2013
Business
Husband and wife’s business savvy spell success for Texas contractor
By the time he graduated from high school, Ken Lester, president of Lester Contracting, Port Lavaca, Texas, could operate just about any piece of equipment in his dad’s construction fleet. He joined the company full time in 1979 and two years later his dad retired, leaving Ken to run the company. Ken saw the future […]
March 27, 2013
Business
Father and sons team up for growth and diversity at R.L. Caudill Construction
Stuart Caudill, owner of R.L. Caudill Construction,  Owingsville, Kentucky, and his brothers Robert and Shannon learned to operate equipment from their dad, Robert L., when they were barely old enough to reach the pedals. They also inherited a tenacious work ethic, the kind of daily get-it-done mentality that provoked one of their operators to say: […]
March 27, 2013
Business
Communication brings Massachusetts contractor through tough times
Richard Gordon has been operating equipment since he was a kid, running Bobcats around in the yard, the machine a capable extension of his curious and active mind. As he grew, he spent his summers working as a laborer and equipment operator before heading to Syracuse to pursue a degree in management. When it came […]
March 27, 2013
Business
Caterpillar opens 24th Chinese factory
Again underlining that success in China “is an important part” of the company’s long-term strategy, Caterpillar announced that it has opened its 24th factory in China as the company continues to expand its presence in the country. The new, nearly 23,000-square-meter facility in Wuxi, China produces axles, transmissions and final drives “for use in a […]
March 26, 2013
Business
Transportation Sec. LaHood: Volvo’s first U.S.-made wheel loader a sign of confidence in American economy, workers
Last week, we watched as the first American made Volvo wheel loader (an L60G) rolled off the line at the company’s expanded Shippensburg, Pennsylvania plant. As we noted in our report,  Federal Highway Administrator Victor Mendez was in attendance also. Yesterday, U.S. Transportation Secretary Ray LaHood took to his blog to discuss Volvo’s decision. Of […]
March 26, 2013
Business
Congressional transportation funding talks at a stalemate
With the expiration of of the MAP-21 transportation bill coming in September of next year, congressional talks about how to increase transportation funding are at a stalemate, reports our sister publication Better Roads. Since its passing last summer, MAP-21 has been seen as only a temporary fix for the problem of transportation funding. Renewed focus […]
March 26, 2013
Business
Smart, skilled class of contractors necessary to navigate worst recovery in modern history
In this era of partisan news both sides will spin any facts any way to make their side look better. So getting any kind of macro-level read on the real state of the economy is difficult if not impossible. But from what I’ve seen with my own two eyes and heard with my own two […]
March 26, 2013
Business
Permits, labor shortage cause delays as builders scramble to meet huge housing demand
“I’ve also never seen a market turn so quickly.” That’s what Kurt K. Colgan, a broker with Lyon Real Estate of Sacramento, California, recently told the New York Times about the recent housing boom. Despite how eagerly-awaited housing’s return has been, its sharp rebound has taken home buyers, sellers and builders by surprise. As a […]
March 25, 2013
Business
ASCE says U.S. infrastructure investment is “treading water”
After giving American infrastructure a grade of D+, the American Society of Civil Engineers says that the country’s investment planned through 2020 will fall $1.6 trillion short of what is needed to maintain existing infrastructure. According to a report from Bloomberg, the ASCE recommends funding be increased by 80 percent to $3.6 trillion in order […]
March 25, 2013
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