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Business: Page 165
Business
Is your construction company being embezzled? How to sniff out the problem
Times were good in the early 2000s when a Southern California contractor went looking for a financial manager. “This candidate was far above anyone else we interviewed,” the contractor says. She had construction experience and caught on quickly. He immediately gave her more responsibility. The manager would sit down with him every month, going over […]
May 1, 2013
Success Stories
HDD contractor Scott Kelly’s “Journey to Elite” pays off in Contractor of the Year win
“This is not the business for us.” That’s what Scott Kelly remembers thinking in 1995, the first time he saw horizontal directional drilling in action during a demonstration in Shrewsbury, Massachsetts. Kelly’s father James began researching HDD a year before, so the two were very interested in seeing the relatively new technology in action. Suffice […]
May 1, 2013
Sponsor Content
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October 7, 2026
Business
A Tweel for skid-steers: Michelin introduces its air-less tire to the construction industry
A tire that doesn’t go flat? Sounds like something that could save construction professionals both time and money.Since 1995, engineers at Michelin’s Technology Center in Greenville, South Carolina, have been working on making that happen. During an event Tuesday at the company’s nearby Laurens Proving Grounds, Michelin introduced the Michelin X-Tweel SSL for skid-steer loaders and Equipment […]
May 1, 2013
Business
Enter our Jobsite Pics photo contest!
One of our favorite things to do each year is head out across the country to meet and interview each of our 12 Contractor of the Year finalists. In those visits we relish getting the chance to see the construction business from your perspective. But we also love seeing where you work—the dirt you’re moving […]
May 1, 2013
Business
Rent, buy or lease? The crucial answer to your next equipment purchase
Ready for a new dozer, excavator, forklift or other piece of heavy equipment? Construction activity has started to pick up but is in a slow climb. In this atmosphere, is it better to rent, purchase or lease? That depends on a variety of factors, according to Peter D. Gregory, senior vice president of the Construction […]
May 1, 2013
Business
CNH reports increased first-quarter profits and sales despite sharp decline in construction equipment
Equipment manufacturer CNH Global announced its first-quarter financial results this morning with the positive news of increases in both sales and operating profits. During the first three months of the year, CNH saw sales of $4.7 billion, an increase of 1 percent over the $4.64 billion the company reported last year at the same time. […]
April 30, 2013
Business
Historic Indianapolis baseball stadium finds new life as apartment complex
By the end of this summer, Bush Stadium in Indianapolis will have quite the backstory including stints in baseball, the movie business, auto racing and, now, modern downtown living. Completed in 1931, the stadium is the former home to the town’s minor league ball club (and affiliate of the Pittsburgh Pirates) the Indianapolis Indians. However, […]
April 30, 2013
Business
Obama taps Charlotte Mayor Anthony Foxx as Transportation Secretary
According to a report from our sister site Better Roads, President Barack Obama has tapped Charlotte, North Carolina Mayor Anthony Foxx as the next Transportation Secretary. Should the Senate approve of the nomination, Foxx will replace Ray LaHood, who decided to step down from his position near the end of January. LaHood decided to stay […]
April 30, 2013
Business
Sany sends equipment, rescue teams to Chinese earthquake recovery efforts
In response to a 7.0-magnitude earthquake that devastated the Lushan County area of Sichuan Province, China on April 20th, construction equipment manufacturers that calls the country home has sent both equipment and people to aid in the recovery efforts. Sany sent in 10 excavators, 8 truck cranes and 25 vehicles along with five rescue teams. The quake killed […]
April 30, 2013
Business
Caterpillar 336E H hydraulic hybrid excavator nets company its first Edison Award
Fresh on its proper introduction to the public at the massive Bauma construction equipment show in Munich, Caterpillar’s 336E H hydraulic hybrid excavator has won a 2013 Silver Edison innovation award. Like an electrical hybrid system, the 336E H captures and reuses energy. But rather than reuse electricity, the excavator uses hydraulic accumulators built into […]
April 30, 2013
Business
Real stories
A quick  search for construction company embezzlement tales leads to a multitude of examples, including: The Commercial Appeal, Memphis, Tennessee: Karen Tripp, a longtime bookkeeper for Seiler-Nabers Construction, Collierville, Tennessee, was sentenced to 51 months and ordered to pay $1.5 million she stole during a 5-year period, writing 184 checks to three accounts she controlled. […]
April 29, 2013
Business
Statistics on embezzlement
In 2011, the construction industry saw 16 embezzlement cases with a gross loss $13.9 million and an average loss $871,438, says Marquet International. But keep in mind this is just part of the picture: Marquet only examines current cases under prosecution involving the theft of $100,000 and above. Here’s a sampling of their statistics for […]
April 29, 2013
Business
One contractor’s embezzlement: What happened
There’s much more to the contractor tale we highlighted in our “Are you being embezzled?” story. Here is this Southern California contractor’s account, told to us under the agreement of anonymity: “We needed an accountant, and this candidate was far above anyone else we had interviewed. She had construction experience, letters of reference and the best […]
April 29, 2013
Business
Embezzlement Infographic
April 29, 2013
Business
Bell Equipment exec gives further insight into company’s North American re-entry
After Bell Equipment’s announcement about its re-entry into the North American market with a line up of articulated haulers, including the largest-in-the-market 50-ton at the Bauma trade show in Munich, Equipment World sat down with Neville Paynter, Bell NA’s managing director, for further details on his company’s model. The decision comes at the end of […]
April 28, 2013
Business
Volvo Construction Equipment first-quarter profits tumble 76%, sales down 32%
While the company was happy to see its profitability improve from the fourth quarter, Volvo Construction Equipment’s first-quarter operating income plummeted 76 percent from the same period a year ago. The company reports that it was hurt by declines in each market and a sharp decline in mining sector demand. Volvo reported first-quarter operating profits […]
April 26, 2013
Business
Terex sees increased operating profits despite first-quarter sales falling 5.3%
In the first quarter of the year Terex saw net sales drop 5.3 percent from the same period last year to $1.7 billion. Nonetheless, the company saw an increase in operating profits. After deducting operating costs, Terex profits were at $68.4 million the first quarter. That’s a 7 percent increase from the $63.8 million in […]
April 25, 2013
Business
Two-thirds of Americans likely to say “no” to gas tax as transportation funding
According to a report from our sister site Better Roads citing a recent Gallup poll, two-thirds of Americans would oppose a 20-cent-per-gallon gas tax that would provide funding for transportation and infrastructure repairs. The poll was conducted April 9-10 shortly after Maryland passed its first gas tax increase in 20 years. The tax’s 13- to […]
April 24, 2013
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