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Business: Page 181
Business
Construction loses 20k jobs in November
Good news for the economy today as the latest U.S. Labor Department figures show that 146,000 jobs were added in the month of November while unemployment fell to 7.7 percent — the lowest that rate been since December 2008. However, the construction industry did not share in that good news, losing 20,000 jobs in November. […]
December 7, 2012
Business
Indian company plans to construct 10-story building in 48 hours
Harpal Singh of Synergy Thrislington — an SAS infrastructure company based in Nagar, India — has plans to construct a 10-story building in only 48 hours, Hinustan Times reported. The project concept includes 10 floors of ‘Instacon’ skyscraper built by three cranes and more than 200 technicians and workers. Video cameras will record the process. […]
December 7, 2012
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September 22, 2026
Business
Icahn withdraws bid for Oshkosh shares
Carl Icahn withdrew his most recent offer for shares in Oshkosh Corporation on December 4, the New York Times reported. Oshkosk owns several well-known brands, including JLG. In late November, Icahn–who owns about 9.5 percent of Oshkosh shares–offered to pay $32.50 per share, with the stipulation that he could purchase a minimum of 25 percent […]
December 7, 2012
Business
U.S. dominates heavy equipment exports
The United States continues to lead in the global sales of heavy equipment like mining trucks and military machinery, the Wall Street Journal reports. Despite the United State’s 9-month-long trade deficit of $509.7 billion in manufactured goods, earlier this year — due mostly to deficits in major categories such as consumer electronics and clothing — […]
December 6, 2012
Business
Pittsburgh’s breathing building
With an eye on promoting the revitalization of downtown Pittsburgh as well as energy conservation and organizational productivity, the Tower at PNC Plaza is likely PNC Financial Services’ proudest design moment yet. Architectural design of the building was led by Gensler while Buro Happold led engineering and Paladino & Co consulted on green design, according […]
December 6, 2012
Business
ABC: modest recovery of nonresidential construction continues in 2013
Associated Builders and Contractors (ABC) has released its 2013 economic forecast for the United States commercial and industrial construction industry, which shows the continuation of a modest recovery for nonresidential construction next year. Anirban Basu, ABC’s chief economist, said ABC expects nonresidential construction spending to increase 5.2 percent in 2013 due to the large reductions […]
December 5, 2012
Business
Case donates 3,000 die-cast models to Toys for Tots
In the wake of Superstorm Sandy, one of the organizations heavily affected by the devastation was the United States Marine Corps’ Toys for Tots foundation which lost its toy warehouse in Dover, New Jersey. In response Case gathered up scale models of its wheel loaders, skid steers and backhoes and sent along 3,000 of them […]
December 5, 2012
Business
Caterpillar, Ariel form joint venture in oil and gas industry
Caterpillar and Ariel Corporation have formed a 50-50 joint venture to provide well service pressure pumping products for customers in the global oil and gas industry. The combined venture, known as Black Horse, acquired pump manufacturer ProSource of Houston, Texas. Black Horse plans to expand ProSource’s existing product line. Frac pumps sold through the combined venture […]
December 5, 2012
Business
On-highway diesel prices fall, remain above $4
For the week that ended Dec. 3, the national average retail price of on-highway diesel fell 0.7 cents to $4.027 per gallon, according to data from the U.S. Department of Energy’s Energy Information Administration. The Energy Department does not track the price of off-highway diesel used in equipment, but by subtracting the monthly national average […]
December 5, 2012
Business
The difference between knowing and discovering
It hit me while I was on a press trip to Geneva, Switzerland: all of these people walking with me on the downtown street, gazing at the window fronts, sipping coffee near frosted windows, didn’t have a clue about I how I lived my life in Alabama. And I, in turn, had no clue how […]
December 5, 2012
Business
Caterpillar surpasses Goldman Sachs as 49th largest company
The latest look at the Standard & Poor’s 500 (S&P 500) has ranked Caterpillar as the 49th largest company, Forbes reported. Goldman Sachs Group previously held the spot. As Caterpillar holds the 49th place, the market cap now stands at $56.40 billion, as opposed to the $55.80 billion cap when GS was the 49th largest […]
December 5, 2012
Business
Competition, tech spur consolidation of construction, design firms
As a result of the long recession and the ability to collaborate more closely thanks to growing adoption of new technologies, a trend has developed of architectural, engineering and construction firms consolidating into AEC firms. The trend is discussed in detail in a new report by FMI and Philip Warner research consultant Steve Isaacs. “…The […]
December 4, 2012
Business
Manitou Americas adds Kirby-Smith as telehandler dealer
Manitou has added Kirby-Smith as an authorized dealer for Manitou MT Series Construction Telescopic Handlers throughout Texas and Oklahoma. Kirby-Smith provides products for the construction, rental and industrial markets. The dealership’s Texas locations are in Abilene, Amarillo, Dallas, Fort Worth and Lubbock; Oklahoma locations are in Oklahoma City and Tulsa. For more information about Manitou […]
December 4, 2012
Business
Construction spending hits highest mark in 3 years
Construction spending increased by 9.6 percent in the year between October 2011 and October 2012, to a 37-month high of $872 million, according to seasonally-adjusted data released by the United States Census Bureau. “…Construction has finally come out of its long slump,” said Ken Simonson, chief economist for the Associated General Contractors of America, in […]
December 3, 2012
Business
TBEI hires Nicole Kyle as marketing manager
Truck Bodies & Equipment International (TBEI) has hired Nicole Kyle as the company’s marketing manager. Kyle will be based at TBEI corporate offices in Lake Crystal, Minnesota, where she will manage marketing for TBEI brands Crysteel, Rugby, DuraClass, and J-Craft. Kyle has more than 15 years of experience, most recently with Iowa Mold Tooling (IMT). […]
December 3, 2012
Business
Construction industry spends least on IT
On average, construction companies only spend 1.35 percent of their revenues on information technology, placing the industry last behind 14 others in a report done by Gartner Research. Construction companies with revenue of $250 million were found to spend 1.6 percent of their revenues on IT, while those companies with revenue of $10 billion were […]
December 3, 2012
Business
Residential revitalization brings construction to downtown Boston
The city of Boston is seeing its own spike of residential construction. And to the city’s surprise, a lot of it is happening downtown, The Boston Globe reported. The Globe reports that the downtown area is actually morphing “into a full-blown neighborhood.” The area, which has struggled for years, will experience updates through some remodels as […]
December 3, 2012
Roadbuilding
Contractor’s differing site condition claim denied because soils reports indicated difficult soils
Contractor’s Differing Site Condition Claim Denied Because Soils Reports Indicated Difficult Soils (For a downloadable PDF of this “In Court,” click here.) The uncertainty that contractors face regarding unknown subsurface conditions is the contractor’s greatest risk. This type of risk is inherent on most road and heavy construction projects, and is based on the fact […]
December 1, 2012
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