Business: Page 167

Business
The advantages of renting before buying
A very interesting Q & A session with United Rentals president and CEO Michael J. Kneeland was recently posted at the Conexpo-Con/Agg website. In it Kneeland talks about the advantages of renting before buying and gives a few words of advice for construction business owners. On renting before buying, Kneeland says “it provides liquidity in […]
December 27, 2012
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Business
Ritchie Bros. auctions company record $3.9 billion worth of equipment in 2012
Ritchie Bros. Auctioneers sold nearly $3.9 billion worth of equipment in 2012, the company announced today. The $3.9 billion mark is a company record and came through 328 unreserved auctions around the world. The sales represent a 5 percent increase in gross auction proceeds over 2011 and the company saw $1 billion in auction proceeds […]
December 21, 2012
Ritchie Bros Auction
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Business
Construction fuel consumption index up 3.6 percent over 2011
WEX and IHS have released results of the WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 3.6 percent in November year-over-year. The WEX Construction FCI measures national fuel consumption statistics for the construction industry to provide an up-to-date indication of construction activity in the United States. For November 2012, the WEX Construction […]
December 21, 2012
We Xchart
Business
Five rules for a stress-free holiday season
As a child, I thought Christmas was magical. It combines everything kids love: no school, wonderful activities, lots of presents, practically unlimited desserts. When I grew up and started my own family, I was excited to see if I could craft those magical Christmases the way my own family had. And sure, for my daughter, […]
December 20, 2012
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Business
Oil shale boom makes North Dakota “fastest-growing state”
You can put this news solidly in construction’s “win” column. North Dakota, site of the Bakken oil shale boom, is the nation’s fastest-growing state since 2011, says the Census Bureau. Largely thanks to the boom, the state’s population grew 2.17 percent between July, 2011 and July 2012, prompting it to move from 37th in growth […]
December 20, 2012
An oil rig is shown on near Williston, North Dakota. Oil extraction discoveries have led to rapid industrial development and job creation in the area. Tom Reichner / Shutterstock.com
Business
Construction job openings expected to increase as industry rebounds
Construction employment in the United States will likely rebound soon due to the increasing number of projects set in place, Bloomberg reported. Government data show that October brought the most job openings and beginnings of construction projects that builders have seen in four years, and architecture firms are seeing the industry’s fastest progress since December […]
December 19, 2012
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Business
Slight growth of equipment and software investment forecasted
The Equipment Leasing & Finance Foundation has released its 2013 Equipment Leasing & Finance U.S. Economic Outlook, which projects equipment and software investment will grow at a below-average rate of 2.9 percent. However, growth in equipment and software investment is expected to begin regaining momentum in the third and fourth quarters of 2013. According to […]
December 19, 2012
Signposts Heat Map 2013
Business
FMI: Unconfident contractors face labor shortage, project delays
According to a new report from management consultant and investment banking provider FMI, the construction industry has contracted to the point that it is now roughly 70 percent of its size in 2006. And though things are looking up, construction business owners still face several challenges including a shrinking labor pool at a time when […]
December 19, 2012
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Business
Housing starts dip in November, remain far ahead of 2011
Privately-owned housing starts in the month of November were at a seasonally-adjusted annual rate of 861,000, according to figures released by the U.S. Census Bureau Wednesday morning. The rate is a 3-percent drop from the revised October estimate of 888,000. However, it’s a 21 percent increase over November 2011’s rate. Single-family housing starts were at […]
December 19, 2012
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Business
JCB names Arjun Mirdha Chief Operating Officer
JCB has appointed Arjun Mirdha as the company’s chief operating officer, effective January 1. Mirdha will oversee sales, commercial operations, parts and service, manufacturing, marketing communications and product marketing. Mirdha has been with JCB for 17 years, gaining roles in dealer development, parts, service, sales, marketing and new product development. He has also held various […]
December 19, 2012
JCBmirdha
Business
TBEI names Terry Campbell as general manager of Ox Bodies
TBEI has named Terry Campbell as general manager of Ox Bodies. He will have direct responsibility over all sales operations at the company’s Fayette, Alabama facility. Campbell has more than 20 years of engineering and management experience in the heavy metal fabrication, transportation and trailer industries. He recieved his BS in industrial management from the […]
December 19, 2012
Campbell Tbei
Business
Builder confidence index rises to highest level in more than 6 years
Builder confidence for newly built, single-family homes rose to a level of 47 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) in December. The two-point gain from November marks the eighth consecutive month builder confidence has risen and the highest level the index has seen since April 2006. “Builders across the […]
December 18, 2012
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Business
Sennebogen adds Rish Equipment Company as dealer
Sennebogen has named Rish Equipment Company as an authorized dealer for West Virginia. To best represent Sennebogen, the Rish sales staff will participate in a 2-day training session with Sennebogen’s regional manager, and technicians from the Rish service departments will attend courses at the Sennebogen training facility in Stanley, North Carolina. Additionally, Rish is expecting […]
December 18, 2012
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Business
ARTBA predicts modest growth for transportation construction in 2013
The American Road and Transportation Builders Association’s (ARTBA) 2013 United States Transportation Construction Market Forecast predicts modest growth in 2013, with the construction infrastructure market seeing a 3-percent increase from $126.5 billion to $130.3 billion. The majority of this growth is expected to come from highway and street pavements, private work for driveways and parking […]
December 17, 2012
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Business
Are you concerned about the Fiscal Cliff?
December 17, 2012
Business
Hendrickson launches PLUS, “Parts Look Up System”
Hendrickson has begun offering PLUS, the “Parts Look Up System,” which is designed to provide fleets, repair centers and distributors with serviceable parts information for Hendrickson Truck and Trailer suspension systems. The system recognizes truck suspension assembly numbers, trailer suspension model numbers, trailer suspension serial numbers and display parts or kits available for purchase through […]
December 17, 2012
Parts Look Up
Business
Construction companies grow while other sectors slow
A new report from Forbes based on numbers from financial information firm Sageworks says that privately-owned construction companies have “bucked the overall trend” and have seen their sales growth continue while other sectors have seen them slow. Construction companies have seen their sales grow since 2009, according to the Sageworks data. They saw 10.19 percent […]
December 14, 2012
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Business
Construction materials prices fall in November
Construction materials costs declined in November, aided by a plunge in diesel prices along with smaller decreases in a variety of other inputs, according to an Associated General Contractors of America (AGC) analysis of federal figures. The producer price index (PPI) for all construction inputs for the 12 months ending in November rose 1 percent, […]
December 13, 2012
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