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Business: Page 169
Business
Hayward Baker buys GeoÂFoundations, expands Canadian presence
In a move it says underlines its desire to further serve the Canadian geotechnical construction market, Hayward Baker has acquired GeoÂFoundations Contractors of Acton, Ontario. Now a subsidiary of Hayward Baker Canada, GeoÂFoundations will retain its name, and its founder, Todd Edmunds, will remain as president of the new subsidiary. GeoÂFoundations specializes in jet grouting, […]
March 20, 2013
Business
NPL Construction: How one of the top private construction companies manages its equipment fleet
Licensed in 37 states, energy distribution contractor NPL Construction says it takes a strategic sourcing approach to the equipment suppliers for its 5,500-unit fleet: They have several partnerships and high expectations. “We tend to have one of the newest fleets in our industry,” says Jim Connell, director of business development/strategic partnerships for the Phoenix, Arizona-based […]
March 20, 2013
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Business
Recession-weary Ala. construction firm auctions $26 million in earthmoving equipment
Tomorrow, one of the largest auctions of construction equipment in the state of Alabama’s history will be held in Tuscaloosa, where struggling Racon Inc. will sell off $26 million worth of machines. In all, 675 pieces of equipment will be auctioned off including 300 to 350 earthmoving machines and 45 pickup trucks. You can view […]
March 19, 2013
Business
Can switching to a propane-powered pickup save you money?
Our sister publication Pro Pickup has a pretty interesting article from the folks at Roush CleanTech on how switching from gas or diesel to propane as your pickup fuel of choice can save you money. At the moment, only 270,000 vehicles in the U.S., including fleets, school buses, shuttle buses, trucks, vans, and taxis, are […]
March 18, 2013
Business
Forbes: China will drive long term growth at Caterpillar
Despite current challenges the company is meeting in the country, Forbes.com’s Great Speculations blog says China will drive Caterpillar’s long term growth. The blog points out the high interest rates in the first half of 2012 that impacted Cat. Then there are the recently-announced steps the Chinese government is taking—such as a 20 percent capital […]
March 18, 2013
Business
NASCAR driver Jeff Burton talks Gen-6 cars, answers contractors’ questions
At Equipment World’s annual Contractor of the Year event this year, we were able to spend an hour of quality time with NASCAR driver Jeff Burton. The driver of the no. 31 Caterpillar car gave a short talk, answered questions and posed for photos with the 12 finalists and their wives Friday night in Las […]
March 18, 2013
Business
Construction materials prices increase 1.3 percent in February
The Associated General Contractors of America has released its Producer Price Index (PPI) report for February, which reveals that construction materials prices increased 1.3 percent between January and February and 2.0 percent from a year ago. The index for new office construction rose 1.0 percent in the past year; new school buildings rose 1.2 percent; […]
March 15, 2013
Business
First employees move into new Caterpillar plant in Georgia
This week, the first 55 employees moved in to Caterpillar’s brand new facility in Athens, Georgia, reports to the Athens Banner-Herald. The 850,000-square-foot facility, which received kudos  in President Barack Obama’s address, shifts the assembly of its small bulldozers and mini hydraulic excavators from Sagami, Japan to Athens. Ground broke for the new facility just one […]
March 15, 2013
Business
Construction boom kicks in 5 months in Sandy’s wake
A report from USA Today from along the South New Jersey shore found that the aftermath of Hurricane Sandy has finally boosted construction in the area in a very noticeable way. The race is on to get the shore in the best condition possible as beach season approaches. And that has meant the return of […]
March 14, 2013
Business
Construction companies, AGC lobby Congress to spare programs from sequester cuts
With an estimated $4 billion in federal construction projects in jeopardy due to the sequestration cuts that took effect March 1, construction companies have begun lobbying the government to spare their projects, the New York Times reports. The Associated General Contractors of America has flooded Congress with e-mails and letters protesting the cuts. The sequester […]
March 14, 2013
Business
Sany taps Dallas-Forth Worth’s Landmark Equipment as first Texas excavator dealer
Sany has named its first Texas excavator dealer. Landmark Equipment has been selected as the Sany America excavator dealer for the greater Dallas-Fort Worth area. Landmark was founded in 1989 by Mike Lyle and has four Dallas-Fort Worth area locations: Irving, Fort Worth, McKinney and Waxahachie. Landmark sells, rents and services heavy equipment, including excavators, backhoes, […]
March 14, 2013
Business
Senate unlikely to adopt ID card for legal worker verification due to high costs
Senators working on an immigration bill are not likely to adopt a high-tech ID card for workers because of costs, the Washington Post reported. The legislation is intended to regulate employers who hire illegal immigrants. It will likely seek to expand E-Verify, a currently voluntary but little-used system which uses Social Security numbers to check […]
March 13, 2013
Business
D.C. airport metro station tops list of biggest U.S. infrastructure projects
According to Same Day Steel Deck these are the five highest-profile transportation infrastructure projects in the United States. 1. Dulles Transit Extension in Washington, D.C: This $6.2 billion project began in 2008 and has a target completion date of 2016. It’s purpose is to extend the Washington Metro line to Dulles International Airport and Tyson’s Corner. 2. […]
March 13, 2013
Business
Hyundai Construction Equipment Americas hires Lee Shirey as regional service manager
Hyundai Construction Equipment Americas has hired Lee Shirey as regional service manager. Shirey will oversee the department that services Hyundai’s extensive dealer network. Shirey has more than 20 years of experience in the heavy equipment industry, with his most recent work as a field service technician at ASC Construction Equipment in Buford, Georgia. He held […]
March 13, 2013
Business
Highway construction up 4.3% annually in January thanks to warmer weather
Highway construction was up 4.3 percent in January over January 2012, largely due to warmer weather, according to the American Road & Transportation Builders Association (ARTBA). Each month ARTBA analyzes U.S. Census Bureau data and reports the outcome. “With warmer-than-average temperatures across the country, many contractors were able to get more work done on transportation projects, […]
March 12, 2013
Business
Manitou CEO steps down as board calls for better profitability
Manitou has announced that President and CEO Jean-Christophe Giroux has stepped down. “The Board believes that the new environment calls more for an operational focus, with a better balance between profitability and development,” according to a prepared statement from the company. Giroux will stay with the company through March 31. The news comes as a […]
March 12, 2013
Business
Labor shortage expected to crush $100 billion in planned petrochemical projects
A lack of energy and mining professionals may cause the cost of these skilled workers, such as engineers and geoscientists, to double by 2020, potentially crushing $100 billion in planned petrochemical projects, Bloomberg reported. Experienced skilled workers currently earn an average of between $183,000 and $285,000 a year, while recent college graduates earn an average […]
March 12, 2013
Business
Astec Industries taps Benjamin G. Brock to succeed father as CEO
Astec Industries announced that it will tap Benjamin G. Brock as the company’s next CEO and President. Brock is the son of Dr. J. Don Brock, the current CEO. J. Don Brock will continue to serve as the Executive Chairman of Astec’s board of directors. Meanwhile, Richard J. Dorris will become the company’s Chief Operating […]
March 12, 2013
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