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Business: Page 158
Roadbuilding
A glance at the $160 million Nelsonville Bypass project
The $160 million U.S. Route 33 Nelsonville Bypass is a three-phase, 8.5-mile new construction of four-lane highway through Athens and Hocking County Ohio with a large portion bisecting Wayne National Forest, Ohio’s only National Forest. The new alignment consists of two major interchanges into the historic town of Nelsonville. The full length of the bypass […]
March 6, 2013
Business
Wisconsin high school welding contest looks to spark workforce
Bruce Trimble, the employer services director for North Central Wisconsin Workforce Development Board, recently told the Wisconsin Rapids Tribune that about 40 percent of the welders in Marathon County are between the ages of 45 and 64 and 14 percent are between 55 and 64. That means Wisconsin companies like Schuette Metals, a metal fabrication company […]
March 6, 2013
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November 1, 2025
Business
Sequester to cut $4 billion from federal construction programs
Sequestration, the automatic federal spending cuts that took effect on March 1, will cut more than $4 billion from federal construction programs according to data from a report to Congress from the Office of Management and Budget. Largely exempt from the cuts are the Highway Trust Fund and the Airport Improvement Program. However, most federal […]
March 5, 2013
Business
Senate bill would create incentives for private transportation investment
As the federal government continues to search for ways to grapple with the country’s slowly crumbling infrastructure, two Senators have introduced a bill to the U.S. Senate that would establish a Department of Transportation fund designed to create incentives for private investment into transportation, our sister site CCJ reports. Senators Frank Lautenberg (D-N.J.) and John […]
March 5, 2013
Business
ABC selects Excellence in Construction Awards recipients
Associated Builders and Contractors (ABC) has selected the winners of its annual Excellence in Construction Awards celebration, a competition which recognizes the top construction projects and the firms that displayed exemplary commitment to safety and diversity in 2012. ABC congratulated the winners on February 20 at the Harbor Beach Marriott Resort in Fort Lauderdale, Florida. […]
March 5, 2013
Business
Recession-proof decisions lead North Carolina contractor to the top
Gene Lowder, owner of Winston-Salem, North Carolina-based Charles D. Lowder, Inc., has a remarkable track record of good decision-making. The firm, which celebrates its 60th birthday in 2013, has been largely successful ever since Gene’s father founded it, but under Gene’s thoughtful and inspired stewardship has made great strides since he took over sole ownership […]
March 4, 2013
Business
Prepare your construction business for tax changes brought on by Fiscal Cliff
Although you’ve certainly heard of the American Taxpayer Relief Act of 2012 – the bill to avert the fiscal cliff passed January 1 – you might not know everything that’s in it, other than the widely-publicized expiration of favorable tax exemption limits and the increase in the payroll tax. So, is there anything buried in […]
March 4, 2013
Business
Construction spending up 7.1% annually as nine-month streak of increases is snapped
A nine-month string of increases in revised construction spending figures was snapped in January, falling 2.1 percent from December 2012 to a preliminary figure of $883.2 billion. Despite the dip, spending remains 7.1 percent higher than January 2012, according to seasonally-adjusted data released by the United States Census Bureau. Residential construction stalled from December to January, […]
March 1, 2013
Success Stories
Nitteberg Construction Co., small South Dakota town share a bond
Each February, Gale Nitteberg, his wife and their grandchildren pack up and head south for about month to escape the harsh South Dakota winter for the warm beaches of Florida. He says years ago he and his wife thought about leaving South Dakota and maybe moving somewhere warmer, but it was never something they were […]
March 1, 2013
Business
Cummins, Lincoln Electric named among Best Companies in America
The Motley Fool has released its annual list of the 25 Best Companies in America and two construction-related companies not only made the list, but are in the top 10. Cummins was named the no. 1 best company in America. The Fool praised the company for for aggressively cutting greenhouse gas emissions by 28 percent […]
March 1, 2013
Business
Transportation Sec. LaHood: “Sequester is dumb”
Our sister publication Overdrive reports that during an address to members of the American Association of State Highway and Transportation Officials outgoing Transportation Secretary Ray LaHood called the looming sequestration cuts a “meat axe approach.” The sequester is a set of across-the-board budget cuts scheduled to hit today, should Congress not come to an agreement on […]
March 1, 2013
Business
Construction fuel consumption index up 5.8 percent in January
WEX and IHS have released results of the WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 5.8 percent in January over January 2011. The WEX Construction FCI measures national fuel consumption statistics for the construction industry to provide an up-to-date indication of construction activity in the United States. For January 2012, the […]
March 1, 2013
Success Stories
Entrepreneurial spirit serves North Carolina’s Page & Associates well in tough times
Editor’s Note: Jane Page was a finalist for 2012 Contractor of the Year. She and her former husband started Page & Associates in 1979 in Johnson City, Tennessee. The company has 25 employees with annual volume of $3 million to $5 million. The company serves the site development, general construction, utilities and curbing and sidewalks markets. […]
March 1, 2013
Business
Time management, new strategies key to success in post-recession construction industry
Lately we’ve been hearing the recession is finally over. Whether you agree or not, some negative lingering effects have already begun. One of the most visible and immediate impacts is the uptick in workloads from the top down. Many construction companies out there are now dealing with smaller staffs, more work and less time. And […]
February 28, 2013
Business
Caterpillar will cut 1,400 jobs at Belgian excavator plant
Caterpillar is planning to cut more than one-third of the 3,700 employees at one of its largest European facilities, Reuters reports. The company will cut 1,400 jobs at its facility in Gosselies, Belgium due to high costs and the weakened European economy. The plant manufactures hydraulic excavators, loading vehicles and engine parts. In the past five […]
February 28, 2013
Business
Growth slows in U.S. exports of construction equipment
After enjoying surges of 43 percent in 2011 and 28 percent in 2010, growth in U.S. exports of construction equipment slowed in 2012 to 13 percent, according to the Association of Equipment Manufacturers. Construction equipment exports grew to $26.7 billion in 2012. Despite the slowing in growth, things are much better now than they were […]
February 27, 2013
Business
CNH Board of Directors approves merger plan with Fiat Industrial
The CNH Global board of directors have approved the company’s merger plan with Fiat Industrial. The board met February 25 and approved the plan for merging into a NewCo with and as a subsidiary of Fiat. The merger was initially agreed to by CHN back in November. NewCo is a name typically given to startups or merged companies before […]
February 27, 2013
Business
New home sales surge 16% to nearly 3-year high
New home sales made a huge leap in January, rising nearly 16 percent from December 2012, according to data from from HUD and the United States Census Bureau. New single-family homes were sold at a seasonally adjusted annual rate of 437,000 in January, besting the consensus estimates of 381,000. It is the highest monthly total […]
February 26, 2013
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As You Explore Adding a New Flex-wing Cutter to Your Equipment Lineup, It’s Important to Know What Questions to Ask and Key Topics to Research Ahead of Time to Avoid Costly Mistakes and Ensure You Get the Right Flex-wing Cutter for the Job.
