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Business: Page 171
Business
Construction spending up 7.1% annually as nine-month streak of increases is snapped
A nine-month string of increases in revised construction spending figures was snapped in January, falling 2.1 percent from December 2012 to a preliminary figure of $883.2 billion. Despite the dip, spending remains 7.1 percent higher than January 2012, according to seasonally-adjusted data released by the United States Census Bureau. Residential construction stalled from December to January, […]
March 1, 2013
Success Stories
Nitteberg Construction Co., small South Dakota town share a bond
Each February, Gale Nitteberg, his wife and their grandchildren pack up and head south for about month to escape the harsh South Dakota winter for the warm beaches of Florida. He says years ago he and his wife thought about leaving South Dakota and maybe moving somewhere warmer, but it was never something they were […]
March 1, 2013
Sponsor Content
Choosing The Right Tire and Track Patterns for Maximum Productivity
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July 7, 2026
Business
Cummins, Lincoln Electric named among Best Companies in America
The Motley Fool has released its annual list of the 25 Best Companies in America and two construction-related companies not only made the list, but are in the top 10. Cummins was named the no. 1 best company in America. The Fool praised the company for for aggressively cutting greenhouse gas emissions by 28 percent […]
March 1, 2013
Business
Transportation Sec. LaHood: “Sequester is dumb”
Our sister publication Overdrive reports that during an address to members of the American Association of State Highway and Transportation Officials outgoing Transportation Secretary Ray LaHood called the looming sequestration cuts a “meat axe approach.” The sequester is a set of across-the-board budget cuts scheduled to hit today, should Congress not come to an agreement on […]
March 1, 2013
Business
Construction fuel consumption index up 5.8 percent in January
WEX and IHS have released results of the WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 5.8 percent in January over January 2011. 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 January 2012, the […]
March 1, 2013
Success Stories
Entrepreneurial spirit serves North Carolina’s Page & Associates well in tough times
Editor’s Note: Jane Page was a finalist for 2012 Contractor of the Year. She and her former husband started Page & Associates in 1979 in Johnson City, Tennessee. The company has 25 employees with annual volume of $3 million to $5 million. The company serves the site development, general construction, utilities and curbing and sidewalks markets. […]
March 1, 2013
Business
Time management, new strategies key to success in post-recession construction industry
Lately we’ve been hearing the recession is finally over. Whether you agree or not, some negative lingering effects have already begun. One of the most visible and immediate impacts is the uptick in workloads from the top down. Many construction companies out there are now dealing with smaller staffs, more work and less time. And […]
February 28, 2013
Business
Caterpillar will cut 1,400 jobs at Belgian excavator plant
Caterpillar is planning to cut more than one-third of the 3,700 employees at one of its largest European facilities, Reuters reports. The company will cut 1,400 jobs at its facility in Gosselies, Belgium due to high costs and the weakened European economy. The plant manufactures hydraulic excavators, loading vehicles and engine parts. In the past five […]
February 28, 2013
Business
Growth slows in U.S. exports of construction equipment
After enjoying surges of 43 percent in 2011 and 28 percent in 2010, growth in U.S. exports of construction equipment slowed in 2012 to 13 percent, according to the Association of Equipment Manufacturers. Construction equipment exports grew to $26.7 billion in 2012. Despite the slowing in growth, things are much better now than they were […]
February 27, 2013
Business
CNH Board of Directors approves merger plan with Fiat Industrial
The CNH Global board of directors have approved the company’s merger plan with Fiat Industrial. The board met February 25 and approved the plan for merging into a NewCo with and as a subsidiary of Fiat. The merger was initially agreed to by CHN back in November. NewCo is a name typically given to startups or merged companies before […]
February 27, 2013
Business
New home sales surge 16% to nearly 3-year high
New home sales made a huge leap in January, rising nearly 16 percent from December 2012, according to data from from HUD and the United States Census Bureau. New single-family homes were sold at a seasonally adjusted annual rate of 437,000 in January, besting the consensus estimates of 381,000. It is the highest monthly total […]
February 26, 2013
Business
Ritchie Bros. sees increased auction earnings, big boosts online in 2012
Ritchie Bros. Auctioneers announced today that it brought in net earnings of $82.6 million in 2012, a 12 percent increase from adjusted earnings in 2011. The company notes that without its purchase of AssetNation, which it used to build its new EquipmentOne equipment sales website, net earnings would have been an improvement of 17 percent. […]
February 26, 2013
Business
Case launches SiteWatch telematics solution
Case today announced through its website the launch of its first telematics solution SiteWatch. The company says SiteWatch delivers vital machine performance data “to any computer, any time, anywhere.” Case touts standard telematics features with SiteWatch, including the ability to reduce excessive idling in order to save on fuel, theft recovery and prevention, maintenance scheduling […]
February 26, 2013
Business
Architecture Billings Index jumps to 54.2, bodes well for construction
Each month the American Institute of Architects releases its Architecture Billings Index and the latest round shows an increase to 54.2 in January. Any reading above a 50 on the index indicates a rise in demand for design services. The index indicates good things for construction because architectural billings tend to lead actual construction of projects […]
February 25, 2013
Business
Caterpillar dealer sales fall 4% in fiscal Q1
Caterpillar recently reported that it saw worldwide dealer sales fall 4 percent in the three months ending January 31. According to a Securites and Exchange Report reviewed by the Chicago Tribune, the company saw sales decline 11 percent in North America and 12 percent in the Asia/Pacific Region. Sales in Latin America were up 3 […]
February 25, 2013
Roadbuilding
A Cold-Mix Performance Evaluation by City of Lexington, Ky.
Contributed by Streets & Roads Division in Lexington, Ky., directed by Sam Williams Striving to improve the overall handling process for potholes, The City of Lexington (Kentucky) Streets and Roads Department initiated a cold mix evaluation program to identify possible advantages using alternative pothole repair material. Multiple parameters were considered in determining which candidate materials […]
February 24, 2013
Roadbuilding
Low bid called ‘non-responsive’
A goal of public contracts is to procure goods and services at the best price possible while maintaining a level playing field for all bidders. This is accomplished through competitive bidding statutes. These statutes require that all bids must be “responsive” to the material requirements of the government’s solicitation for bids, or they must be […]
February 24, 2013
Success Stories
Deep roots sustain Brown Brothers Construction
It’s a testament to determination that Brown Brothers Construction has survived and thrived in the southern Utah town of Loa, population 600. This year, in addition to being one of Equipment World’s Contractor of the Year finalists, Albert, Michael and Ellis Brown are celebrating the 50th year of the business started by their grandfather in […]
February 22, 2013
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