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Business: Page 162
Business
New Apple HQ will create 9,200 construction jobs
In addition to adding a ton of green space to the town of Cupertino, Apple’s planned second campus and headquarters will contribute greatly to the city’s economy. According to a report from Bloomberg, the new HQ will create “9,200 construction jobs and $38.1 million in one-time construction taxes and fees for the city.” Apple already […]
June 7, 2013
Business
LaHood expects big Obama announcement on transportation, comments on I-5 bridge collapse
During a recent talk before the Transportation Construction Coalition (TCC) in Washington, D.C., outgoing Transportation Secretary Ray LaHood told those in attendance to expect a big announcement from President Barack Obama later this year concerning transportation infrastructure. “Once we get past immigration, guns, the sequester, I think the President is going to be big and bold […]
June 6, 2013
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Choosing The Right Tire and Track Patterns for Maximum Productivity
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Roadbuilding
In Court: A Problem of Deviation
The key test is whether the bidder can be held to perform after taking into consideration all bid deviations so there would not be a competitive advantage over other bidders.
June 5, 2013
Roadbuilding
When the Cold Storms Come
Winter road maintenance gets ready for the toughest season.
June 5, 2013
Business
Are you poised to fail?
Know your Business series, Part II  He overinvested in equipment. He bought too many shiny new trucks. He borrowed a lot at the wrong time. He didn’t know how to manage money. The work just dried up. Sound familiar? If you’re a contractor who made it through the recession, these are some of the […]
June 5, 2013
Business
Believe it or not, most Americans think good roads are more important than their iPhone or TV
To say the findings of a recent study reported on by our sister site Better Roads are a bit shocking is an understatement. Maybe the understatement of the year. Be honest. If you had access to a swath of the American population and could ask them what they value more than their iPhone or cable […]
June 5, 2013
Business
CNH board to hold final vote on Fiat Industrial merger July 23rd
CNH announced today that its Board of Directors will hold the final vote concerning the pending merger with Fiat Industrial on July 23. Fiat Industrial, which owns 87 percent of CNH’s outstanding shares has committed to vote in favor of the merger. The news comes about three and half months after CNH’s Board of Directors […]
June 4, 2013
Business
Construction spending up 0.4% in April despite another dip in government spending
Spending on construction projects in the United States rose 0.4 percent in April, continuing a volatile trend in 2013 of ups and downs, according to data released by the U.S. Commerce Department Monday. After dropping 4 percent in January, spending rose in February only to drop again in March. But in April things are back […]
June 3, 2013
Business
Be prepared to answer these 9 questions when renting an air compressor
1. What are you planning to do? Air compressors drive tools for a variety of jobs, including small scale tasks – such as nailing or chipping – up through cleaning, painting, blasting, demolition, drilling and boring. The two most important statistics for any compressor is pressure (measured in pounds per square inch gauge, or psig) […]
June 3, 2013
Business
Nonresidential construction index indicates gradual improvement, notes concerns with sequester, labor shortage
The FMI Nonresidential Construction Index has reached the highest mark since its inception in the first quarter of 2009. Released this week, the second quarter 2013 edition of the NRCI reached 60.1. FMI, a management consultant and investment banking provider, surveys a group of panelists each quarter to measure the health of the nonresidential construction […]
May 30, 2013
Business
U.S. infrastructure spending has plummeted in last 5 years
According to a report from our sister site Better Roads, infrastructure spending in the U.S. has plummeted in the last five years. Citing data that began in 2002, Better Roads reports that highway and road construction spending began a major decline in 2009. It should come to no surprise that the culprit is the country’s […]
May 30, 2013
Business
Funding isn’t there to rebuild partially-collapsed I-5 bridge in Washington
Despite the increased attention it has given to the problem, the aftermath of a partial collapse of a bridge on Interstate 5 spanning the Skagit River in Washington state also underscores the dearth of solutions the U.S. has for its aging infrastructure and lack of funding. Last Thursday, a section of the 58-year-old bridge collapsed after […]
May 28, 2013
Business
U.S new-home sales rise; home prices jump to highest level in 7 years
The number of new homes sold in April rose 2.3 percent to a seasonally-adjusted annual rate of 454,000, the highest mark since the summer of 2008, the Associated Press and CNBC report. Compared to a year ago, new home sales are up 29 percent, according to Commerce Department data. However, the number is still well […]
May 28, 2013
Business
Volvo considering sale of Volvo Rents equipment rental business, Bloomberg reports
Volvo is considering the sale of its North American construction equipment rental business, according to a new report from Bloomberg. Companies and private-equity firms are reportedly interested in buying the business, named Volvo Rents. The business may be worth between $1 billion and $1.5 billion, according to two sources that spoke to Bloomberg under anonymity. […]
May 24, 2013
Business
Washington’s I-5 bridge collapse highlights need for infrastructure funding
Thursday night, a truck with an oversized load struck a portion of the I-5 bridge near Seattle, Washington, sending a section of the bridge and three drivers tumbling into the Skagit River below, according to our sister site Better Roads. Thankfully, no one was killed in the collapse, but rescue teams are searching the river […]
May 24, 2013
Business
Obama slashes review and approval times for infrastructure projects
As he said he would do shortly after his infrastructure-heavy State of the Union address, President Barack Obama has signed a Presidential Memorandum with the goal of decreasing the review and approval times for major infrastructure projects, according to our sister site Better Roads. Titled “Modernizing Federal Infrastructure Review and Permitting Regulations, Policies, and Procedures,” […]
May 24, 2013
Business
Immigration bill gains Senate committee’s approval, retains limit on construction visas but increases H-1B visas for highly skilled workers
With a 13-5 vote Tuesday night, the Senate Judiciary Committee approved an immigration bill that would give 11.5 million immigrants living in the United States illegally a chance at citizenship, the Associated Press reported. The bill retains the new guest worker program, called the “W-Visa,” that would make a maximum of 200,000 visas available each year. […]
May 23, 2013
Business
AED and 17 construction industry groups call for House to support approval of Keystone XL pipeline
In a letter addressed to Speaker of the House John Boehner, R-Ohio, and Democratic leader Nancy Pelosi of California, the Associated Equipment Distributers and 17 other construction industry associations and unions called for the House of Representatives to approve a bill that would negate the need for President Barack Obama to sign off on the […]
May 22, 2013
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