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Business: Page 160
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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February 1, 2026
Business
Volvo celebrates Shippensburg plant expansion with commemorative L60G wheel loader
“This is really about Volvo’s ongoing commitment to North American market,” said Pat Olney, president, Volvo Construction Equipment in remarks made during Thursday’s inauguration of Volvo’s $100 million plant expansion in Shippensburg, Pennsylvania. Before a crowd of dignitaries, including Federal Highway Administrator Victor Mendez, Volvo unveiled a commemorative L60G wheel loader, sporting American flag cladding […]
March 22, 2013
Business
Caterpillar global dealer sales down 13 percent
According to recent SEC filing, Caterpillar reported that its global dealer sales dropped 13 percent in the three month period ending in February when compared to the same period last year. The Asia/Pacific region dealt much of the blow with sales there down 26 percent during that time period. Here in North America, the company’s […]
March 22, 2013
Business
Bomag keeps CMI, Cedarapids names on machines after purhcase
Reporting from the World of Asphalt show in San Antonio, John Latta, editor of our sister publication Better Roads spoke with the folks at Bomag about how the company is branding the CMI and Cedarapids roadbuilding brands it recently bought from Terex. In short, with a new coat of paint and updated badges. Bomag brought […]
March 21, 2013
Business
America’s infrastructure given D+ grade by ASCE
America’s infrastructure has been the topic of many conversations lately—few, if any, of them good. President Barack Obama said U.S. infrastructure is “badly in need of repair” during the most recent State of the Union address and has proposed a “fix-it-first initiative to, well, fix the problem. Even outgoing Transportation Sec. Ray LaHood has called U.S. […]
March 21, 2013
Business
AEMP names top fleets and technicians of 2013
Who are the top technicians and who had the best run fleets in the country this year? The Association of Equipment Management Professionals named those individuals and organizations at its 31st Annual Management Conference in Jacksonville, Florida, this week. Taking the top honors as the 2013 AEMP Private Fleet Technician of the Year was Matt […]
March 21, 2013
Business
Navistar officials tell ‘turn-around story’ at Mid-America Truck Show
With a current cash flow balance that’s better than expected, Navistar officials said the company is in the midst of a ‘great turn-around story,’ according to report from our sister publication CCJ. Newly appointed CEO Tony Clarke said Navistar has seen a 25-percent boost in stock price per share. and are strong signals the company is […]
March 21, 2013
Business
Housing starts stall in February
After a big dip in January, housing starts basically stalled in February, according to preliminary data from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 917,000 in February, marking only a 0.8-percent increase from January’s revised estimate of 910,000. Despite the dip, the February rate […]
March 20, 2013
Business
Hayward Baker buys GeoFoundations, expands Canadian presence
In a move it says underlines its desire to further serve the Canadian geotechnical construction market, Hayward Baker has acquired GeoFoundations Contractors of Acton, Ontario. Now a subsidiary of Hayward Baker Canada, GeoFoundations will retain its name, and its founder, Todd Edmunds, will remain as president of the new subsidiary. GeoFoundations specializes in jet grouting, […]
March 20, 2013
Business
NPL Construction: How one of the top private construction companies manages its equipment fleet
Licensed in 37 states, energy distribution contractor NPL Construction says it takes a strategic sourcing approach to the equipment suppliers for its 5,500-unit fleet: They have several partnerships and high expectations. “We tend to have one of the newest fleets in our industry,” says Jim Connell, director of business development/strategic partnerships for the Phoenix, Arizona-based […]
March 20, 2013
Business
Recession-weary Ala. construction firm auctions $26 million in earthmoving equipment
Tomorrow, one of the largest auctions of construction equipment in the state of Alabama’s history will be held in Tuscaloosa, where struggling Racon Inc. will sell off $26 million worth of machines. In all, 675 pieces of equipment will be auctioned off including 300 to 350 earthmoving machines and 45 pickup trucks. You can view […]
March 19, 2013
Business
Can switching to a propane-powered pickup save you money?
Our sister publication Pro Pickup has a pretty interesting article from the folks at Roush CleanTech on how switching from gas or diesel to propane as your pickup fuel of choice can save you money. At the moment, only 270,000 vehicles in the U.S., including fleets, school buses, shuttle buses, trucks, vans, and taxis, are […]
March 18, 2013
Business
Forbes: China will drive long term growth at Caterpillar
Despite current challenges the company is meeting in the country, Forbes.com’s Great Speculations blog says China will drive Caterpillar’s long term growth. The blog points out the high interest rates in the first half of 2012 that impacted Cat. Then there are the recently-announced steps the Chinese government is taking—such as a 20 percent capital […]
March 18, 2013
Business
NASCAR driver Jeff Burton talks Gen-6 cars, answers contractors’ questions
At Equipment World’s annual Contractor of the Year event this year, we were able to spend an hour of quality time with NASCAR driver Jeff Burton. The driver of the no. 31 Caterpillar car gave a short talk, answered questions and posed for photos with the 12 finalists and their wives Friday night in Las […]
March 18, 2013
Business
Construction materials prices increase 1.3 percent in February
The Associated General Contractors of America has released its Producer Price Index (PPI) report for February, which reveals that construction materials prices increased 1.3 percent between January and February and 2.0 percent from a year ago. The index for new office construction rose 1.0 percent in the past year; new school buildings rose 1.2 percent; […]
March 15, 2013
Business
First employees move into new Caterpillar plant in Georgia
This week, the first 55 employees moved in to Caterpillar’s brand new facility in Athens, Georgia, reports to the Athens Banner-Herald. The 850,000-square-foot facility, which received kudos in President Barack Obama’s address, shifts the assembly of its small bulldozers and mini hydraulic excavators from Sagami, Japan to Athens. Ground broke for the new facility just one […]
March 15, 2013
Business
Construction boom kicks in 5 months in Sandy’s wake
A report from USA Today from along the South New Jersey shore found that the aftermath of Hurricane Sandy has finally boosted construction in the area in a very noticeable way. The race is on to get the shore in the best condition possible as beach season approaches. And that has meant the return of […]
March 14, 2013
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