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Business: Page 164
Business
Sustainable building construction expected to increase in Middle East in 2013
Construction companies in the Middle East are beginning to think about sustainability and green construction concepts in relation to their profitability, The Daily Star reported. Qatar, Kuwait and the United Arab Emirates—the three countries with the largest per capita ecological footprints in the world—have plans for major developments, and experts predict $4.3 trillion worth of […]
January 25, 2013
Business
LoJack and TomTom partner to provide fleet telematics
LoJack announced today that it has formed a partnership with TomTom to offer fleet telematics in the first quarter of this year. LoJack will begin marketing and installing TomTom products and services including its WEBFLEET fleet management service. Users will be able to stay on top of fuel use, routing and real-time traffic data with […]
January 24, 2013
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Business
How construction companies can leverage social media
A new article from Construction Executive provides a great crash course in social media use for those in construction. The article gives an introduction to each of the four major social media channels — Facebook, Twitter, LinkedIn and YouTube — and gives a bit of advice on how to use them. Because the expansion of […]
January 24, 2013
Business
Atlas Copco acquires MEYCO Equipment
Atlas Copco recently announced that is buying Swedish company MEYCO Equipment from BASF Construction Chemicals Europe AG. Atlas Copco says MEYCO will be part of its Underground Rock Excavation division and will broaden the company’s offering of mobile equipment for applying sprayed concrete in underground operations. MEYCO has about 40 employees and makes carrier-mounted concrete spraying equipment, […]
January 24, 2013
Business
NAHB: Multifamily housing will remain strong in 2013
During a panel at the International Builders’ Show in Las Vegas, experts from the National Association of Home Builders said multifamily housing will continue to lead the housing market’s recovery in 2013. The NAHB cites the multifamily market’s recovery, noting that it is at about 70 percent of the way back to a sustainable level. […]
January 23, 2013
Success Stories
New Jersey’s Glendale Excavating is a company run by brothers
Contractors and great stories are natural duos, proven once again during my time with Glendale Excavating in Vorhees, New Jersey. One of 12 finalists for our 2013 Contractor of the Year award, Glendale is run by three brothers — Thomas, Daniel and Greg Giangiulio — who swap stories with ease. First there’s the tale of […]
January 23, 2013
Business
Vermeer names Jason Andringa and Doug Hundt presidents
Vermeer recently announced two new division presidents. Jason Andringa was named President of the Forage and Environmental Solutions division and Doug Hundt was named President of the Underground and Specialty Excavation Solutions unit. Andringa and Hundt will co-chair Vermeer’s executive team and report to CEO Mary Andringa. Meanwhile, Tony Briggs was named Vice President of […]
January 22, 2013
Business
Construction crews see less injuries thanks to stretching
Stretches and balancing exercises are the farthest thing from the minds of most guys when they show up to the jobsite. But for a crew in Washington state, they’ve become part of their morning routine. About 2 1/2 years ago, the Sellen Construction Company began encouraging its sub-contractors to stretch at the beginning of each […]
January 22, 2013
Business
Sany America names G.W. Van Keppel as dealer
Sany America has named G.W. Van Keppel as the Sany America crane dealer for Arkansas and southern Illinois. Sany America crane offers five crawler crane models ranging from 110 to 550 tons (SCC8100, SCC8150, SCC8200, SCC8300 and the SCC8500) and four rough terrain cranes ranging from 40 to 85 tons (SRC840, SRC865, SRC865XL and the […]
January 20, 2013
Business
Opinion: Bill extensions becoming the norm for this Congress
I had to laugh a little, sadly, last week when I read that Congress couldn’t get a farm bill passed. Instead of the usual five-year farm bill, Congress had to squeak out a nine-month extension. Welcome to our world, farmer friends. And take note of this weary warning from your construction brethren: Congress has been […]
January 20, 2013
Business
Caterpillar uncovers accounting misconduct at Chinese mining unit, ousts several managers
Caterpillar announced Friday that it had uncovered a “deliberate, multi-year, coordinated” accounting scheme at Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., a subsidiary of ERA Mining Machinery Limited which it purchased for $734 million last June. Cat says it was alerted to irregularities in the Chinese unit’s bookkeeping when a review of Siwei’s physical inventory […]
January 19, 2013
Business
Volvo moves North American backhoe production from Mexico to Brazil
Volvo Construction Equipment will move its North American backhoe production from its plant in Tultitlan, Mexico, to Pederneiras, Brazil. Volvo says the move will “streamline production and gain efficiencies of scale.” The Brazil plant will produce backhoes for both North and Latin America. To accommodate the move, the Brazil plant will receive a $10 million expansion. Volvo says […]
January 18, 2013
Success Stories
Third-generation paver creates his own roads to follow
During January, the Equipment World editorial team spreads out across the country to interview the 12 finalists for our Contractor of the Year program. Since we’ve chosen them through a meticulous vetting process, you can imagine we’ll come back with some pretty good stories from the class of 2013, all of which run in the […]
January 18, 2013
Business
PCA: 2013 is construction’s real turnaround year
Ed Sullivan, the Portland Cement Association’s chief economist, is not one to be overly optimistic. While others were saying that construction in 2011 — then 2012 — would break out, he was saying “not so fast.” So when PCA released it’s “strong growth rates” cement consumption forecast Thursday, it’s reason for good cheer. Sullivan says […]
January 18, 2013
Business
U.S. home construction surges in December to highest mark since 2008
In December, builders began work on new homes at the fastest rate since the Summer of 2008, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a rate of 954,000 in December, marking a 12.1 percent increase over November’s rate and capping off the best year for […]
January 18, 2013
Business
$1 trillion spending gap for U.S. infrastructure holds real consequences
“Infrastructure is the most important thing you never think about,” Jim Hoecker, the former chairman of the Federal Energy Regulatory Commission, told the Washington Post. Indeed, should the U.S. not invest $1.1 trillion more in infrastructure by 2020, experts warn power outages will increase, food and clothing prices will jump, bridges will begin to crumble […]
January 17, 2013
Business
U.S. home prices jump 7.4 percent in November
U.S. home prices in November were up 7.4 percent from November 2011, the largest year-over-year increase in 6 1/2 years, the Associated Press reported. In terms of monthly gains, housing prices were up 0.3 percent from October to November, according to CoreLogic which told the AP that the gains have been “widespread” in the U.S. […]
January 17, 2013
Business
Builder confidence in housing market stalls in January
After eight consecutive months of increase, rising to a six-year high in December, builder confidence for new single-family homes stalled at a level of 47 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the improving conditions the housing market and an expected bright future for home sales […]
January 17, 2013
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