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Business: Page 158
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
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February 1, 2026
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
Business
Kobelco moves into temporary North American headquarters in Houston
The doors to Kobelco Construction Machinery USA new, albeit temporary, home in Houston, Texas have officially opened. Following the end of a 10-year agreement with CNH this past December, Kobelco will begin directly marketing its excavators in the U.S. and in Canada. Kobelco is in the process of building a custom HQ and manufacturing facility in […]
April 12, 2013
Business
Obama’s 2014 budget includes $50B for infrastructure, “full support” for MAP-21
President Barack Obama has submitted his 2014 Fiscal Year Budget to Congress and a great deal of money has been set aside for construction projects. According to a report from our sister site Better Roads, Obama’s $3.8 trillion budget includes $50 billion for infrastructure repairs. Of that amount, $40 billion will go directly to Obama’s […]
April 12, 2013
Business
Annual U.S. construction value forecast to reach $919 billion
The value of annual construction is expected to show an increase of 8 percent over 2012 levels, according to a recent report from FMI. In its first quarter 2013 Construction Outlook, FMI, a management consulting and investment banking provider for the engineering and construction industry, forecasts the U.S. value of construction-put-in-place to rise to a […]
April 9, 2013
Business
Budget for Apple’s new HQ balloons to $5 billion, would be a challenge for any contractor
Back in November, it was reported that the completion of Apple’s spaceship-like Campus 2 headquarters would be delayed from 2015 to 2016. Now, a report from Bloomberg says that in the meantime, the budget for the project has ballooned from $3 billon to $5 billion. If you’re not well acquainted with this mammoth project, the […]
April 8, 2013
Business
Study connects traffic jams to economy, forecasts cost to consumer to exceed $1,000 annually by 2020
The total cost of traffic congestion to the U.S. economy in 2011 was $121 billion, according to a report from our sister site Better Roads. Better Roads analyzed the findings of a Texas A&M study conducted last year, which found that the average consumer spent $818 in 2011 on traffic congestion costs. The report says […]
April 8, 2013
Business
Manufacturing growth slows despite increase in construction spending
The majority of financial analysts expected growth in the manufacturing sector to accelerate in March thanks to the boom in housing and increases in construction spending. However, companies reported “fewer new orders and less production” in March than in February, the Washington Post reports. According to the Post, the Institue for Supply Management’s purchasing manager’s […]
April 5, 2013
Business
Caterpillar CEO calls for more visas for foreign engineers, path to legal status for undocumented immigrants
During a speech at the Illinois Business Immigration Coalition in Chicago, Caterpillar CEO Doug Oberhelman said his company has a hard time retaining talent and filling lower-skilled positions due to the hard time its foreign workers have in obtaining a visa to stay in the U.S. “Today, we (employers) have gaps in our workforce. We have […]
April 5, 2013
Business
Construction of 2nd tallest building stopped over corrosive concrete
Construction has been halted on what is expected to be the world’s second tallest building due to an investigation into whether the contractor building the skyscraper used corrosive concrete. According to Bloomberg, samples from the Ping An Finance Center are being tested to see if concrete containing sea sand rather than river sand was used […]
April 5, 2013
Business
Construction equipment investment expected to continue above average growth in 2013
Construction equipment investment is expected to continue to grow and an above average rate over the next three to six motnhs, according to the 2013 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. However, the ELFF warns that the rate of growth construction equipment has enjoyed “should continue to decline from […]
April 4, 2013
Roadbuilding
A Base Stacked for Strength
Highway Contractor takes a look at four big projects — an airport runway, a highway widening, a 10-mile highway section paving, removal and paving of highway lanes.
April 3, 2013
Business
Dynapac equipment to show off new Atlas Copco colors, branding at Bauma
Dynapac equipment will soon drop its familiar yellow and red color scheme for yellow and gray. Atlas Copco announced today that it has decided to change the color scheme and badge branding on its Dynapac range of rollers, planers and pavers in order to match the visual identity used by other divisions in the company’s […]
April 3, 2013
Business
Central Texas Tool Company a family-run machine shop from a bygone era
No computers. Drawings done in the dirt. 100 year-old machines driven by overhead belts. Some might think that the Central Texas Tool Company is an anachronism, serving no purpose in this high-tech, 24/7 global economy. The members of the Carpenter family that run the shop jokingly call it “a working museum” and some of the […]
April 3, 2013
Business
How to combat negativity in your company with good management
“Our brain is like Velcro to negative experiences and Teflon to positive ones.” – neuropsychologist Rick Hanson Have you ever heard of negativity bias? Unless you’re a psychologist or leadership guru, you probably haven’t. However, even if you’re not familiar with the term, you’re familiar with the effect. Negative bias is the psychological phenomenon in […]
April 3, 2013
Business
Obama asks Congress to pass $21 billion bill for infrastructure improvements
On Friday, President Barack Obama proposed a $21 billion package of improvements for the country’s infrastructure, reports our sister site Better Roads. The plan is to be part of the President’s budget April 10th and includes $10 billion for an infrastructure bank that would bring together public and private funding. Also part of the plan […]
April 2, 2013
Business
Construction jobs limited to 15k visas per year under new guest worker agreement
The path toward a final deal on immigration reform has likely been cleared now that the country’s business and labor unions have reached an agreement on a guest worker program for immigrants. The New York Times reports that on Friday Sen. Charles Schumer, D-New York, held a conference call with U.S. Chamber of Commerce President […]
April 1, 2013
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