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Business: Page 177
Business
Sany America names G.W. Van Keppel as dealer
Sany America has named G.W. Van Keppel as the Sany America crane dealer for Arkansas and southern Illinois. Sany America crane offers five crawler crane models ranging from 110 to 550 tons (SCC8100, SCC8150, SCC8200, SCC8300 and the SCC8500) and four rough terrain cranes ranging from 40 to 85 tons (SRC840, SRC865, SRC865XL and the […]
January 20, 2013
Business
Opinion: Bill extensions becoming the norm for this Congress
I had to laugh a little, sadly, last week when I read that Congress couldn’t get a farm bill passed. Instead of the usual five-year farm bill, Congress had to squeak out a nine-month extension. Welcome to our world, farmer friends. And take note of this weary warning from your construction brethren: Congress has been […]
January 20, 2013
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Choosing The Right Tire and Track Patterns for Maximum Productivity
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July 7, 2026
Business
Caterpillar uncovers accounting misconduct at Chinese mining unit, ousts several managers
Caterpillar announced Friday that it had uncovered a “deliberate, multi-year, coordinated” accounting scheme at Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., a subsidiary of ERA Mining Machinery Limited which it purchased for $734 million last June. Cat says it was alerted to irregularities in the Chinese unit’s bookkeeping when a review of Siwei’s physical inventory […]
January 19, 2013
Business
Volvo moves North American backhoe production from Mexico to Brazil
Volvo Construction Equipment will move its North American backhoe production from its plant in Tultitlan, Mexico, to Pederneiras, Brazil. Volvo says the move will “streamline production and gain efficiencies of scale.” The Brazil plant will produce backhoes for both North and Latin America. To accommodate the move, the Brazil plant will receive a $10 million expansion. Volvo says […]
January 18, 2013
Success Stories
Third-generation paver creates his own roads to follow
During January, the Equipment World editorial team spreads out across the country to interview the 12 finalists for our Contractor of the Year program. Since we’ve chosen them through a meticulous vetting process, you can imagine we’ll come back with some pretty good stories from the class of 2013, all of which run in the […]
January 18, 2013
Business
PCA: 2013 is construction’s real turnaround year
Ed Sullivan, the Portland Cement Association’s chief economist, is not one to be overly optimistic. While others were saying that construction in 2011 — then 2012 — would break out, he was saying “not so fast.” So when PCA released it’s “strong growth rates” cement consumption forecast Thursday, it’s reason for good cheer. Sullivan says […]
January 18, 2013
Business
U.S. home construction surges in December to highest mark since 2008
In December, builders began work on new homes at the fastest rate since the Summer of 2008, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a rate of 954,000 in December, marking a 12.1 percent increase over November’s rate and capping off the best year for […]
January 18, 2013
Business
$1 trillion spending gap for U.S. infrastructure holds real consequences
“Infrastructure is the most important thing you never think about,” Jim Hoecker, the former chairman of the Federal Energy Regulatory Commission, told the Washington Post. Indeed, should the U.S. not invest $1.1 trillion more in infrastructure by 2020, experts warn power outages will increase, food and clothing prices will jump, bridges will begin to crumble […]
January 17, 2013
Business
U.S. home prices jump 7.4 percent in November
U.S. home prices in November were up 7.4 percent from November 2011, the largest year-over-year increase in 6 1/2 years, the Associated Press reported. In terms of monthly gains, housing prices were up 0.3 percent from October to November, according to CoreLogic which told the AP that the gains have been “widespread” in the U.S. […]
January 17, 2013
Business
Builder confidence in housing market stalls in January
After eight consecutive months of increase, rising to a six-year high in December, builder confidence for new single-family homes stalled at a level of 47 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the improving conditions the housing market and an expected bright future for home sales […]
January 17, 2013
Business
Case sells 11 West Coast dealer locations to Sonsray Machinery
Under a new agreement between the two companies, Sonsray Machinery will acquire and operate 11 Case Construction Equipment dealership branch offices in California, Nevada, Oregon and Washington. The offices were previously owned and operated by Case Power and Equipment, a subsidiary CNH Construction Equipment. Sonsray Machinery will provide sales assistance and parts and service support […]
January 16, 2013
Business
Construction materials prices decline 0.1 percent in December
Associated Builders and Contractors has released its Producer Price Index (PPI) report for December, which reveals that national construction materials prices declined 0.1 percent in December and 1.3 percent higher than a year ago. Average annual prices in 2012 were 1.9 percent higher than 2011 prices. Nonresidential construction prices dropped 0.3 percent in December and […]
January 16, 2013
Business
Contractor develops on-site soil remediation solution that cuts job costs by half
Editor’s note: This is an edited article that originally appeared in John Deere’s Worksite Journal. To view the full interview, go to www.JohnDeere.com/enviroclean. It’s a dirty job, but somebody’s gotta do it. When Ken Murphy, founder of Enviro Clean Companies, was working in the oil and gas industry in the 1990s, the cost of cleaning […]
January 16, 2013
Business
Massachusetts Transportation Secretary reveals 10-year, $1.02 billion plan
Massachusetts Transportation Secretary Richard Davey has unveiled a 10-year plan to upkeep and update the state’s transportation system, which he will propose on January 16, MassLive.com reported. The plan would give Massachusetts $1.02 billion over the next decade to pay old transportation bills and upgrade the transportation system. Davey’s plan would more than double the […]
January 15, 2013
Business
Terex appoints new CFO among senior leadership changes
Terex has appointed several leadership positions, including a new senior vice president and Chief Financial Officer. Kevin Bradley, currently president of Terex Cranes since 2011, has been appointed senior vice president and chief financial officer effective immediately after the filing of the Company’s Annual Report on Form 10-K for 2012. Bradley will succeed Phil Widman, […]
January 15, 2013
Business
AGC forecast promises mixed outlook for 2013 U.S. construction
2013 should be a better year than 2012 for construction firms, but not necessarily a great one, said Ken Simonson, chief economist for the Associated General Contractors of America, in a conference call detailing the results of the association’s forecast on construction hiring and business. There are bright spots in certain sectors, said CEO Stephen […]
January 14, 2013
Business
Caterpillar opens two more factories in China
Caterpillar announced this week that it has opened two new factories in China. One of the new facilities is a proving ground and the other is a wheel loader manufacturing facility. It’s an expansion of Cat’s presence in China and the Asia Pacific Proving Ground facility will serve as a hub for validation and product […]
January 11, 2013
Business
Construction employment declines in 151 metro areas between Nov. 2011 and Nov. 2012
The latest examination of construction employment in U.S. metro areas is out from the Associated General Contractors of America. After analyzing federal employment figures, the AGC found that construction employment declined in 151 out of 337 metropolitan areas between November 2011 and November 2012. Hiring was stagnant in 60 of those areas while 126 saw […]
January 9, 2013
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