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Business: Page 186
Business
Chu at NTEA: Diversity key to future fleet fuel efficiency
The NTEA Work Truck Show kicked off with U.S. Secretary of Energy Dr. Stephen Chu as the keynote speaker this morning in Indianapolis at the Green Truck Summit. Dr. Chu spoke about general petrochemical, geopolitical and climate trends and how those factors will affect the North American commercial truck industry and transportation sector in coming […]
March 6, 2012
Contractor of the Year
Contractor of the Year Facebook Forum
We know that spending a weekend together with your “Contractor of the Year Class” is an opportunity for you to meet new industry friends, share ideas and most importantly, develop relationships with each other both on a business and personal basis. If you are interested in staying in touch with the COY community, we have […]
March 5, 2012
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November 1, 2025
Business
CNH announces new hires
CNH Global has promoted Mario Gasparri and Franco Fusignani to the positions of CNH Construction Equipment president and CNH International general manager, respectively. Gasparri, who currently serves as general manager, will replace James McCullough as president of the company on April 1, when McCullough retires. Gasparri has served as general manager of CNH International since […]
March 1, 2012
Business
Corridor X, I-65 Interchange in Alabama ‘laying the foundation for future economic development’
Federal Highway Administrator Victor Mendez on Feb. 22 joined state and local officials to review progress on the Appalachian Corridor X and I-65 Interchange, a project that the Federal Highway Administration (FHWA) says will improve safety and mobility in rural northwest Alabama.
February 29, 2012
Business
Ritchie Bros. earnings rise 13%
Ritchie Bros. Auctioneers announced net earnings for 2011 of $76.6 million, and adjusted net earnings of $73.6 million. This represents a 13-percent increase in adjusted net earnings over the previous year. Ritchie's auction revenues for 2011 grew 11 percent to $396.1 million compared to $357.4 million for the same period in 2010. The company conducted 228 unreserved industrial and construction equipment auctions in 13 countries throughout North America, Europe, the Middle East, Central America and Australia during 2011. In 2011, gross auction proceeds were $3.7 billion, 13 percent higher than in 2010 and the highest in the company's history. The company's auction revenue rate (auction revenues as a percentage of gross auction proceeds) was 10.66 percent during the year compared to 10.90 percent in 2010. Ritchie's revised fee structure, which came into effect on July 1, 2011, contributed $21.9 million to auction revenues for 2011.
February 29, 2012
Business
Reporter
Don’t get stuck on surety bonds One option for contractors searching for work is governmental jobs that typically require surety bonds. And all federal construction projects that exceed $100,000 require bonds. “Bonds are a form of guarantee that the job will be completed,” says Robert Berman, CEO and co-founder of Ox Bonding. “It’s a difficult […]
February 28, 2012
Business
Equipment lease finance industry confidence holds steady in February
Confidence in the equipment finance market is 59.6, up slightly from the January index of 59.0, according to the Equipment Leasing & Finance Foundation February 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) released Feb. 23. These results indicate that industry participants’ optimism is steady despite a cautious outlook about the global economic […]
February 28, 2012
Business
AEM: U.S. construction machinery exports gain 43 percent in 2011
U.S. construction equipment exports increased 43 percent in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This follows growth of 28 percent in 2010 after a 2009 decline of 38 percent in the depths of the recession, AEM […]
February 28, 2012
Business
Leica Geosystems’ conferences form Hexagon
Leica Geosystems’ High-Definition Surveying Worldwide User Conference and Airborne Sensor User Conference expanded to become Hexagon 2011 International Conference. This new format will offer attendees a variety of sessions, hands-on training, networking and new business opportunities under the Hexagon 2011 umbrella. In addition to the tracks in HDS and Geospatial Solutions, the conference will also […]
February 27, 2012
Business
Machine Matters
Commercial Pavers Get On Track Asphalt pavers under 125 horsepower increasingly taking on characteristics of their highway-class big brothers By Mike Anderson It’s a small group of mostly niche players that supplies commercial-class asphalt pavers to the North American construction market. But even with BOMAG’s recent decision to exit the paver business, the remaining players […]
February 27, 2012
Business
AEM: Shale energy is good for economy, small business and equipment industry
“Equipment distributors in Ohio and Pennsylvania overwhelmingly believe that the shale energy sector has the potential to be an economic game-changer,” Dennis Heller, president and CEO of Stephenson Equipment in Harrisburg, Pa., told a congressional committee Feb. 27. Heller was testifying at a U.S. House of Representatives Natural Resources Committee Energy & Mineral Resources Subcommittee […]
February 27, 2012
Business
KPI-JCI hires Dan Riley marketing associate
KPI-JCI hires Dan Riley marketing associate
February 27, 2012
Business
IL Tollway investing $609 million in 2012 projects
The Illinois Tollway is now hosting live webcasts of all construction contract bid openings, offering the public and contractors the opportunity to watch and listen as the agency opens bid packages for the upcoming construction season. The Illinois Tollway is investing nearly $609 million in 2012 for projects to repair and rebuild roadways, bridges and […]
February 27, 2012
Business
NRMCA and CJSI conduct construction workshops
The National Ready Mixed Concrete Association, in cooperation with Concrete Joint Sustainability Initiative partners, will conduct a series of workshops to communicate the trends and specific criteria used to design and construct homes and buildings to improve community continuity and resiliency. The full-day workshops will be held April 12 in Springfield, Missouri; April 17 in […]
February 23, 2012
Business
Granite reports Q4 and fiscal 2011 results
Granite Construction Inc. has reported a net income of $51 million for the full year 2011, compared to a net loss of $59 million the prior year. Diluted earnings per share (EPS) for the year was $1.31 compared to a loss per share of $(1.56) in 2010. For the fourth quarter of 2011, Granite reported […]
February 23, 2012
Business
U.S. construction industry fueling down 3.4 percent year-over-year
Wright Express Corp., a provider of value-based business payment processing and information management solutions, in collaboration with IHS, a global source of information and analysis, has released results of its Wright Express Construction Fuel Consumption Index (FCI), which indicated a decrease of 3.4 percent in January versus its level the previous year.The Wright Express Construction […]
February 23, 2012
Business
Shell bets big on gas
LNG is the best alternative transportation fuel of the future, company says With a project due to start this summer, Shell has given notice that it intends to develop and promote liquefied natural gas (LNG) as the best alternative to diesel for the heavy truck transportation market. The first of these projects is centered around […]
February 22, 2012
Business
United Rentals acquires Coble Trench Safety assets
United Rentals has acquired the assets of Coble Trench Safety, which has 11 locations in the Mid-Atlantic and Southeast region. “We are delighted to expand our trench safety rentals business through the acquisition of Coble Trench Safety,” said Paul McDonnell, senior vice president of United Rentals’ operation, trench, power and HVAC. “We’re attracted to Coble’s […]
February 16, 2012
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