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Business: Page 174
Business
Trimble approves two-for-one stock split
Trimble’s Board of Directors have approved a two-for-one split of all outstanding shares of the company’s common stock. The record date for the stock split is expected to be Mar. 6, 2013 with new shares expected to be distributed on or about Mar. 20, 2013. Each shareholder on record at the end of the business day on […]
February 12, 2013
Business
Nonresidential construction index stagnates year-to-year, mixed outlook for 2013
The FMI Nonresidential Construction index rose to 58.1 in the first quarter of 2013, up 2.6 points from Q4 2012’s 55.6. The index sits at the same mark of 58.1 as one year ago, but up greatly from the 35.6 in Q1 2011. With the fiscal cliff and great political uncertainty of 2012 behind it, […]
February 12, 2013
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October 7, 2026
Business
Mahindra competes purchase of Navistar stake in India joint venture
It was announced this morning that with regulatory approval in India, Mahindra & Mahindra Ltd. completed its purchase of the Navistar Group’s stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL). Mahindra has now taken complete ownership of the operations and will continue to sell MNAL and MNEPL products. The […]
February 12, 2013
Business
CBO: Highway Trust Fund should fulfill obligations through 2014
According to the latest forecast from the Congressional Budget Office, the Highway Trust Fund will have insufficient revenues by the end of 2015, but should be able to fulfill its obligations through 2014. At the beginning of this year, the HTF held $10 billion and the CBO forecast expects that amount to dwindle by half […]
February 11, 2013
Business
Terex sells certain roadbuilding product lines in U.S. and Brazil to Fayat
Terex announced today that it is selling off its roadbuilding equipment manufacturing operations in Brazil and certain mobile roadbuilding lines in the U.S. to the Fayat Group (Bomag and Marini). Terex will divest its asphalt plants and pavers manufactured in Porto Allegre, Brazil, and assets for the asphalt paver, reclaimer stabilizer and material transfer product […]
February 11, 2013
Business
Dealers surveyed by GE Capital expect construction equipment sales to increase in 2013
An encouraging 75 percent of construction equipment dealers surveyed by GE Captial Equipment Finance said they expect retail sales of construction equipment to increase at least 3 percent this year. The finding is 10 percent better than last year’s and 24 percent said they expect their sales to increase betwen 6 and 8 percent. The […]
February 11, 2013
Business
Iron Planet wins first round against Ritchie Bros. in suit involving Iowa contractor
IronPlanet announced Friday that an Iowa District Court jury ruled in favor of their suit against Ritchie Bros. Auctioneers that contended Ritchie interfered in a contract between IronPlanet and customer Scheckel Construction, Bellevue, Iowa. IronPlanet says the jury found that Ritchie Bros. “intentionally and improperly interfered with a valid April 2011 contract between IronPlanet and […]
February 8, 2013
Business
Transportation Sec. LaHood: “America is one big pothole”
During an interview on National Public Radio’s “The Diane Rehm Show,” outgoing U.S. Transportation Secretary Ray LaHood asked lawmakers and whoever replaces him to think outside of the box in order to find more transporation funding. LaHood voiced his disappointment with infrastructure spending in the U.S. and the MAP-21 transportation bill Congress passed last summer, […]
February 8, 2013
Business
New York City plans to use $1.8 billion in federal Sandy relief to rebuild homes
Mayor Bloomberg announced on February 6 plans to use some of New York City’s federal Superstorm Sandy aid money to repair homes, install generators at public housing complexes and create new storm-resistant technology, the Associated Press reported. Among other plans for the city’s aid money are nearly $200 million in grants and loans for businesses […]
February 7, 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 7, 2013
Business
Toro continues to incorporate Stone, Astec lines (WOC 2013)
Products fromToro’s acquisition in 2012 of the former Stone Construction Equipment lineup made their debut at World of Concrete this week. All former Stone products have been rebranded Toro, although the mixers still carry a small “Stone Built by Toro” label. Toro’s Stone acquisition and its earlier Astec trencher, vibratory plow and directional drill purchase […]
February 7, 2013
Business
Little change in Volvo Construction Equipment net sales for 2012
Volvo Construction Equipment (Volvo CE) has released its fourth quarter and yearÂ-end results, which report net sales for 2012 remained the same as 2011, as well as a 15-Âpercent share in the Chinese wheel loader and excavator segment in 2012. Volvo CE also reported 78,491 machine sales for the year, the company’s second best ever […]
February 6, 2013
Roadbuilding
Real Costs Vs. Budgeted Costs
Software handles the uncertainty between estimates and actual job costs.
February 5, 2013
Business
Home sales rise to best in 5 years
Despite falling below November’s pace, December sales of previously-owned homes were up 12.8 percent year-over-year, CNN Money reported. Full-year sales increased 9 percent over 2011 to 4.65 million, the highest they’ve been since 2007, when 5 million homes were sold before the recession. Among causes for this boost in sales are near record low mortgage […]
February 5, 2013
Business
PCA Pres: “Pendulum is swinging back” for construction industry (WOC 2013)
You don’t usually get a pair of sunglasses at a press conference. And, given the recent tough years for the construction industry, receiving a pair at Portland Cement Association’s World of Concrete press event as a way of saying “a bright future is ahead,” was a bit of a suprise. Chief Economist and new PCA […]
February 5, 2013
Business
Contractor voices @ World of Concrete: Paul Kemper
We’re here in Las Vegas, Nevada for World of Concrete 2013. From time to time, we’ll be checking in with contractors attending the show for a quick chat. We’ll be offering up their observations about the industry and whatever else they’d like to share. First up is Paul Kemper of Kemper Kemper Trucking & Asphalt in […]
February 4, 2013
Business
States begin new projects rather than repairing, maintaining existing infrastructure
The main reason the U.S. can’t afford to maintain its existing roads and bridges? States keep building new ones, reports McClatchy Newspapers. By now, the need for improvements to this country’s infrastructure is well-documented. The average age of the 600,000 bridges in the U.S. is 43 years — meaning a great deal of these bridges […]
February 4, 2013
Business
John Deere’s Nortrax acquires Holt Equipment Company
Nortrax announced today that it has acquired fellow John Deere Construction and Forestry equipment dealer Holt Equipment Company and has begun leasing Holt’s dealerships. Based in Louisville, Kentucky, Holt’s dealership footprint covers 78 counties across Kentucky and Indiana with locations in Louisville, Richmond, London and Bowling Green. Nortrax is based in Tampa, Florida and is […]
February 4, 2013
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