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Business: Page 158
Business
Construction loses 6k jobs in July, unemployment drops to lowest rate since 2008
The U.S. construction industry lost 6,000 jobs in July, but enjoyed the sixth straight month of unemployment rate decreases. The total number of Americans employed by the industry now stands at 5.793 million, according to preliminary data from the Bureau of Labor Statistics. The industry’s unemployment rate fell from June’s mark of 9.8 percent to 9.1 […]
August 2, 2013
Business
Seven low-cost ways to market your construction firm
You don’t have spend big bucks to start putting your best foot forward. Here are seven tactics you can easily implement: Put your company and your principals on LinkedIn. Detail your experience, skills and expertise, organization and awards. Solicit recommendations from clients and vendors. The result: an instant, easily found resume of you and your key […]
August 2, 2013
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October 7, 2026
Business
Timely feedback: Building success in the construction industry with 6 management actions (PART 4)
In my last post, I wrote about my industrial minerals company learning experience and the importance of asking for input. I’ve got another example from that experience I’d like to share. Action No. 5: Provide information and feedback in a timely manner Asking for input before making the decision to undertake the Total Quality Management […]
August 2, 2013
Business
Construction spending falls 0.6% in June as government spending falls to lowest level since 2006
Snapping two consecutive months of increases, U.S. construction spending fell 0.6 percent in June to $884 billion due to larger decreases in nonresidential and government spending. The decline is the biggest seen in the last five months. Government construction spending fell 1.1 percent in June to $261 billion—it’s lowest level since 2006. Public residential construction […]
August 1, 2013
Business
How to begin effectively marketing your construction company
There are several contractor misconceptions about marketing, says Cynthia Paul with industry consultant FMI. First, marketing is not sales. Second, it’s not just directed at gaining new customers; In fact, 80 percent of it should be directed at your existing clients. Third, it’s not voodoo. “It’s fairly easy to get your arms around,” Paul says. […]
August 1, 2013
Business
Surveys find Americans willing to support 10-cent fuel tax increase to maintain roads
Ever wonder why some research studies show substantial public support for increased fuel taxes and other studies show the opposite? It turns out, it’s all in how you ask the question. Exhaustive proof of that is provided in the Mineta Transportation Institute’s fourth annual survey of public opinion about paying additional taxes to support transportation […]
August 1, 2013
Business
How I almost got thrown off a boat: The importance of marketing to a construction business
True confession time. About 30 years ago, in between journalistic gigs, I worked for a construction management firm. My tenure was short, all of 10 months. My boss was not your typical construction guy. He came from the aerospace industry, and settled on CM as a well-paying opportunity. He built schools. Or rather, the contractors […]
August 1, 2013
Business
Lester Contracting grows 50% in one year thanks to focus on customer service, training and investments in machine control
Like many who work in construction today, Ken Lester got his start as a teenager working for his father. His father was wise enough to start him as a laborer and let him develop a broad range of skills. He did everything from handling a shovel to welding on the equipment to operating it. After […]
August 1, 2013
Business
Construction company mergers, acquisitions increase as recession-weary contractors weigh the future
It’s well established that the effects of the recession are still being felt by the construction industry. The most visible evidence of that has been the skilled labor shortage. Thousands of skilled workers were laid off in the downturn, some retired, and a lot of those folks simply aren’t coming back even though things seem […]
August 1, 2013
Business
74 tips for reducing equipment costs (1-10)
One thing I learned long ago was the bottom-line impact of reducing costs.  I don’t mean cutting costs—I mean reducing costs.  There is a significant difference. One brings immediate relief to the bottom-line while the other brings more sustainable results. Over the next several posts, I will share 74 tips to help you reduce costs. […]
July 31, 2013
Business
CNH 2Q net sales up 9%, operating profit up 26%
Thanks to big increases in agricultural equipment sales, CNH Global saw jumps in both net sales and operating profit in the second quarter. The company reported a year-over-year 9 percent increase in 2Q net sales to $5.5 billion and a 26-percent jump in operating profit from equipment sales to $659 million. Comprising 83 percent of […]
July 31, 2013
Business
Boggs Paving responds to indictment on charges of government contract fraud
Earlier this week, we reported on a North Carolina paving contractor indicted by a grand jury on charges of government contract fraud. According to the allegations, Monroe-based Boggs Paving used Styx Cuthbertson Trucking Company Inc., a certified Disadvantaged Business Enterprise, as a pass through to obtain 35 federally funded contracts worth $87.6 million. Boggs has since released […]
July 31, 2013
Business
Opinion: If Obama wants job growth, he should start by asking the EPA to calculate how many jobs they’ve destroyed
The president spent an hour last week giving a speech detailing yet another jobs program. During the last election cycle we were promised a new era of green jobs facilitated by the hand of government. Now it’s “infrastructure,” he says. That’s where the jobs are! Obama’s been talking about infrastructure for six years now and […]
July 31, 2013
Roadbuilding
Batteries Have Changed – Has Your Battery Charger?
Battery composition and construction have changed drastically in the past decade. New battery chemistries, such as AGM and Gel Cell types, are gaining traction with vehicle manufacturers and are becoming increasingly present as aftermarket alternatives. In addition, new battery constructions, such as Spiral Wound batteries, are gaining in popularity in a wide number of application […]
July 31, 2013
Business
Komatsu sees small decline in 1Q net sales, remains confident in stronger outcome for 2013
Decreases in demand for construction and mining equipment in Indonesia and mining equipment in Latin America led to year-over-year declines in both net sales and operating income for Komatsu in the company’s first quarter, which ends March 31, 2014. However, expanded sales of construction equipment and parts in Japan and the Middle East largely compensated […]
July 30, 2013
Business
LBX Company taps Eric Sauvage as next president, CEO
LBX Company has announced the appointment of Eric Sauvage as its next president and CEO, succeeding Robert Harvell who will retire at the end of the year. Harvell will remain a senior advisor and board member after his retirement. Sauvage joined LBX—the makers of Link-Belt hydraulic excavators, scrap/material handlers, demolition equipment and forestry equipment—in 2008 […]
July 30, 2013
Business
Despite growth in AWP and cranes, Terex cuts outlook after 2Q operating income falls 51%
Citing a “softened” marketplace compared to what the company originally expected for 2013, Terex Corporation announced year-over-year declines in both net sales and operating income for the second quarter and has cut its outlook for the rest of the year. Net sales for the equipment maker were $1.9 billion in the second quarter, down 5.1 […]
July 29, 2013
Business
North Carolina paving contractor indicted for government contract fraud by using “disadvantaged business” as a pass through
Last week, a grand jury handed down a criminal indictment charging Boggs Paving Inc., based out of Monroe, North Carolina, with government contract fraud. The 29-count indictment charges the company and six co-conspirators with the following crimes: conspiracy to defraud the United States Department of Transportation (USDOT); conspiracy to commit wire fraud; conspiracy to commit mail […]
July 29, 2013
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