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Business: Page 168
Business
Letterman’s Top Ten features “Construction Worker Pet Peeves”
We won’t waste much of your time explaining this one so you can get right to the video. On “The Late Show with David Letterman”, 10 New York City construction workers got the chance to deliver the show’s nightly “Top Ten.” It was a strong list of jokes and we think these ladies and gentlemen […]
March 27, 2013
Business
Technician shortage, telematics, fleet value highlighted in key notes from AEMP annual meeting
Whenever I go to a big conference and hit it hard from sunup to late in the evening, I take back a lot of good big ideas and assignments to work on. But then there always a few dozen random but interesting things you hear too. My latest case was the Association of Equipment Management […]
March 27, 2013
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Business
Husband and wife’s business savvy spell success for Texas contractor
By the time he graduated from high school, Ken Lester, president of Lester Contracting, Port Lavaca, Texas, could operate just about any piece of equipment in his dad’s construction fleet. He joined the company full time in 1979 and two years later his dad retired, leaving Ken to run the company. Ken saw the future […]
March 27, 2013
Business
Father and sons team up for growth and diversity at R.L. Caudill Construction
Stuart Caudill, owner of R.L. Caudill Construction, Owingsville, Kentucky, and his brothers Robert and Shannon learned to operate equipment from their dad, Robert L., when they were barely old enough to reach the pedals. They also inherited a tenacious work ethic, the kind of daily get-it-done mentality that provoked one of their operators to say: […]
March 27, 2013
Business
Communication brings Massachusetts contractor through tough times
Richard Gordon has been operating equipment since he was a kid, running Bobcats around in the yard, the machine a capable extension of his curious and active mind. As he grew, he spent his summers working as a laborer and equipment operator before heading to Syracuse to pursue a degree in management. When it came […]
March 27, 2013
Business
Caterpillar opens 24th Chinese factory
Again underlining that success in China “is an important part” of the company’s long-term strategy, Caterpillar announced that it has opened its 24th factory in China as the company continues to expand its presence in the country. The new, nearly 23,000-square-meter facility in Wuxi, China produces axles, transmissions and final drives “for use in a […]
March 26, 2013
Business
Transportation Sec. LaHood: Volvo’s first U.S.-made wheel loader a sign of confidence in American economy, workers
Last week, we watched as the first American made Volvo wheel loader (an L60G) rolled off the line at the company’s expanded Shippensburg, Pennsylvania plant. As we noted in our report, Federal Highway Administrator Victor Mendez was in attendance also. Yesterday, U.S. Transportation Secretary Ray LaHood took to his blog to discuss Volvo’s decision. Of […]
March 26, 2013
Business
Congressional transportation funding talks at a stalemate
With the expiration of of the MAP-21 transportation bill coming in September of next year, congressional talks about how to increase transportation funding are at a stalemate, reports our sister publication Better Roads. Since its passing last summer, MAP-21 has been seen as only a temporary fix for the problem of transportation funding. Renewed focus […]
March 26, 2013
Business
Smart, skilled class of contractors necessary to navigate worst recovery in modern history
In this era of partisan news both sides will spin any facts any way to make their side look better. So getting any kind of macro-level read on the real state of the economy is difficult if not impossible. But from what I’ve seen with my own two eyes and heard with my own two […]
March 26, 2013
Business
Permits, labor shortage cause delays as builders scramble to meet huge housing demand
“I’ve also never seen a market turn so quickly.” That’s what Kurt K. Colgan, a broker with Lyon Real Estate of Sacramento, California, recently told the New York Times about the recent housing boom. Despite how eagerly-awaited housing’s return has been, its sharp rebound has taken home buyers, sellers and builders by surprise. As a […]
March 25, 2013
Business
ASCE says U.S. infrastructure investment is “treading water”
After giving American infrastructure a grade of D+, the American Society of Civil Engineers says that the country’s investment planned through 2020 will fall $1.6 trillion short of what is needed to maintain existing infrastructure. According to a report from Bloomberg, the ASCE recommends funding be increased by 80 percent to $3.6 trillion in order […]
March 25, 2013
Business
Volvo celebrates Shippensburg plant expansion with commemorative L60G wheel loader
“This is really about Volvo’s ongoing commitment to North American market,” said Pat Olney, president, Volvo Construction Equipment in remarks made during Thursday’s inauguration of Volvo’s $100 million plant expansion in Shippensburg, Pennsylvania. Before a crowd of dignitaries, including Federal Highway Administrator Victor Mendez, Volvo unveiled a commemorative L60G wheel loader, sporting American flag cladding […]
March 22, 2013
Business
Caterpillar global dealer sales down 13 percent
According to recent SEC filing, Caterpillar reported that its global dealer sales dropped 13 percent in the three month period ending in February when compared to the same period last year. The Asia/Pacific region dealt much of the blow with sales there down 26 percent during that time period. Here in North America, the company’s […]
March 22, 2013
Business
Bomag keeps CMI, Cedarapids names on machines after purhcase
Reporting from the World of Asphalt show in San Antonio, John Latta, editor of our sister publication Better Roads spoke with the folks at Bomag about how the company is branding the CMI and Cedarapids roadbuilding brands it recently bought from Terex. In short, with a new coat of paint and updated badges. Bomag brought […]
March 21, 2013
Business
America’s infrastructure given D+ grade by ASCE
America’s infrastructure has been the topic of many conversations lately—few, if any, of them good. President Barack Obama said U.S. infrastructure is “badly in need of repair” during the most recent State of the Union address and has proposed a “fix-it-first initiative to, well, fix the problem. Even outgoing Transportation Sec. Ray LaHood has called U.S. […]
March 21, 2013
Business
AEMP names top fleets and technicians of 2013
Who are the top technicians and who had the best run fleets in the country this year? The Association of Equipment Management Professionals named those individuals and organizations at its 31st Annual Management Conference in Jacksonville, Florida, this week. Taking the top honors as the 2013 AEMP Private Fleet Technician of the Year was Matt […]
March 21, 2013
Business
Navistar officials tell ‘turn-around story’ at Mid-America Truck Show
With a current cash flow balance that’s better than expected, Navistar officials said the company is in the midst of a ‘great turn-around story,’ according to report from our sister publication CCJ. Newly appointed CEO Tony Clarke said Navistar has seen a 25-percent boost in stock price per share. and are strong signals the company is […]
March 21, 2013
Business
Housing starts stall in February
After a big dip in January, housing starts basically stalled in February, according to preliminary data from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 917,000 in February, marking only a 0.8-percent increase from January’s revised estimate of 910,000. Despite the dip, the February rate […]
March 20, 2013
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