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Business: Page 162
Business
Toro continues to incorporate Stone, Astec lines (WOC 2013)
Products fromToro’s acquisition in 2012 of the former Stone Construction Equipment lineup made their debut at World of Concrete this week. All former Stone products have been rebranded Toro, although the mixers still carry a small “Stone Built by Toro” label. Toro’s Stone acquisition and its earlier Astec trencher, vibratory plow and directional drill purchase […]
February 7, 2013
Business
Little change in Volvo Construction Equipment net sales for 2012
Volvo Construction Equipment (Volvo CE) has released its fourth quarter and year-end results, which report net sales for 2012 remained the same as 2011, as well as a 15-percent share in the Chinese wheel loader and excavator segment in 2012. Volvo CE also reported 78,491 machine sales for the year, the company’s second best ever […]
February 6, 2013
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Roadbuilding
Real Costs Vs. Budgeted Costs
Software handles the uncertainty between estimates and actual job costs.
February 5, 2013
Business
Home sales rise to best in 5 years
Despite falling below November’s pace, December sales of previously-owned homes were up 12.8 percent year-over-year, CNN Money reported. Full-year sales increased 9 percent over 2011 to 4.65 million, the highest they’ve been since 2007, when 5 million homes were sold before the recession. Among causes for this boost in sales are near record low mortgage […]
February 5, 2013
Business
PCA Pres: “Pendulum is swinging back” for construction industry (WOC 2013)
You don’t usually get a pair of sunglasses at a press conference. And, given the recent tough years for the construction industry, receiving a pair at Portland Cement Association’s World of Concrete press event as a way of saying “a bright future is ahead,” was a bit of a suprise. Chief Economist and new PCA […]
February 5, 2013
Business
Contractor voices @ World of Concrete: Paul Kemper
We’re here in Las Vegas, Nevada for World of Concrete 2013. From time to time, we’ll be checking in with contractors attending the show for a quick chat. We’ll be offering up their observations about the industry and whatever else they’d like to share. First up is Paul Kemper of Kemper Kemper Trucking & Asphalt in […]
February 4, 2013
Business
States begin new projects rather than repairing, maintaining existing infrastructure
The main reason the U.S. can’t afford to maintain its existing roads and bridges? States keep building new ones, reports McClatchy Newspapers. By now, the need for improvements to this country’s infrastructure is well-documented. The average age of the 600,000 bridges in the U.S. is 43 years — meaning a great deal of these bridges […]
February 4, 2013
Business
John Deere’s Nortrax acquires Holt Equipment Company
Nortrax announced today that it has acquired fellow John Deere Construction and Forestry equipment dealer Holt Equipment Company and has begun leasing Holt’s dealerships. Based in Louisville, Kentucky, Holt’s dealership footprint covers 78 counties across Kentucky and Indiana with locations in Louisville, Richmond, London and Bowling Green. Nortrax is based in Tampa, Florida and is […]
February 4, 2013
Business
On Record: Quotes from the construction front lines
When they’re not dodging snowflakes, our editors relish this season, since it’s the time when we visit our Contractor of the Year finalists. We’re still in the middle of making the rounds, but are already hearing great quotes from the front lines. Here’s a recap: Starting a business gets in your blood. When managing editor […]
February 4, 2013
Business
Get more from 3- to 4- cubic-yard wheel loaders by avoiding misuse and abuse
Call it what you will – multiple personality disorder, dissociative identity disorder, split personality – wheel loaders in the 3- to 4-cubic-yard reference bucket capacity size have it bad. While larger loaders typically focus on production, loaders in this size perform lots of different jobs. “These loaders find their way into almost all applications,” […]
February 1, 2013
Business
Controversial mileage-based tax has potential to generate meaningful transportation revenue
Despite its potential to increase revenues, the establishment of a vehicle miles traveled (VMT) tax is not likely to happen any time soon, Transportation Nation reported. One reason may be commuters’ concern for privacy. According to a study released last week, 86 percent of Washington metropolitan area commuters don’t want a GPS device installed in […]
February 1, 2013
Business
Recession results in evolving construction markets
Prolonged periods of economic difficulty add velocity to evolutionary changes in many industries. The Great Recession and the long shadow it continues to cast on the construction industry is certainly an example. Within the construction industry, the most obvious evolutionary change has been cautious, conservative business management strategies, but there have been many others as […]
February 1, 2013
Business
Construction spending up 7.8 percent annually in December
Construction spending increased by 7.8 percent in the year between December 2011 and December 2012, to a three-year high of nearly $885 million, according to seasonally-adjusted data released by the United States Census Bureau. Month-to-month, the preliminary spending figure of $865.9 million was down 0.9 percent from November 2012’s revised figure of $877 million. The […]
February 1, 2013
Success Stories
Fourth-generation grading firm evolves with industry changes
The story of Steger Construction, Dyersville, Iowa, is one of generations. The family business, one of our 2013 Contractor of the Year finalists, began in 1948 with Herb and Fay Steger, grandfather and uncle of present owner, Jesse Steger. And now Jesse’s son, Paul, has joined the firm. As Paul — a University of […]
February 1, 2013
Roadbuilding
Low bid called ‘non-responsive’
Low bid called “non-responsive” Rejection after failure to follow RFP requirements results in DOT rejection (For a downloadble PDF of this “In Court,” click here.) A goal of public contracts is to procure goods and services at the best price possible while maintaining a level playing field for all bidders. This is accomplished through competitive […]
February 1, 2013
Success Stories
Robert Brash, Roice Construction, found his career on a whim
Editor’s Note: Robert Brash was a finalist for 2012 Contractor of the Year. He started Roice Construction in 2000 in Allison Park, Pennsylvania. He has 16 employees with annual volume of $3 million to $5 million. He serves the site prep, utility and stormwater markets. Bob Brash has always been a hands-on guy who likes […]
January 31, 2013
Business
Thompson Pump names KM Specialty Pumps & Systems as representative
Thompson Pump and Manufacturing has appointed KM Specialty Pumps & Systems as a regional sales, rental and service representative for Thompson Pump products in parts of Indiana, Illinois and Kentucky. KM Specialty is headquartered in Chandler, Indiana, and supplies pumping equipment and accessories, lubricants, lubrication equipment, automated lubrication systems and custom-engineered bulk lubricant transfer systems. […]
January 31, 2013
Business
Manitou sales grow 12 percent in 2012
Despite a slow fourth quarter, Manitou saw a 12 percent growth in net sales in 2012 over the previous year. Each of the group’s three divisions saw gains in 2012. Net sales in 2012 finished at €1.26 billion ($1.7 billion U.S.), up 12 percent from the €1.13 billion ($1.5 billion U.S.) in 2011. Quarter four […]
January 31, 2013
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