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Business: Page 255

Business
Reporter
Sterling to exit truck market in 2009 In response to depressed demand in the weakening truck market, Daimler Trucks North America has announced plans to discontinue the Sterling Trucks brand and consolidate its manufacturing network. As a result of these changes, Daimler expects annual earnings improvements of $900 million by 2011, with estimated program costs […]
November 12, 2008
Business
Rent Smart: Sukut makes green rental pitch
Santa Ana-based Sukut Equipment, a new division of California’s Sukut Construction, formed in June 2008, is offering nationwide leasing of more than 250 pieces of fully California Air Resources Board-compliant equipment. With 120 Caterpillar 651 and 657 scrapers, 33 dozers and rigid frame 60- and 100-ton rock trucks, Sukut says it has one of the […]
November 12, 2008
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Business
On Record: Raving fans
As we face what most are predicting to be a rough 2009, I’ve been reminded the basics of being an excellent contractor don’t change, whatever the economic weather. This reminder came as I called the references for our 2009 Contractor of the Year nominees. There are significant reasons why these contractors are nominees for this […]
November 12, 2008
Business
O&O Costs: Chain type trenchers
A trencher only has to do one thing, do it well and do it often. So contractors who want to find out how much to charge for their trenching services should have no trouble zeroing in on an accurate number. To help us explore the owning and operating cost parameters of chain type trenchers we […]
November 12, 2008
Business
First Word: Are you stressed yet?
By the time you receive this, we’ll have a new president-elect. If the uncertainty associated with how he will lead our nation over the next four years is not enough to stress you out, we’ve got other things that will. Given the way stock markets have been reacting (or not reacting) to our country’s emergency […]
November 12, 2008
Business
Final Word: Hire for curiosity
Given the lack of training and skilled workers in the construction industry it’s inevitable that you’ll be hiring some with limited or no experience. In that case, what do you base your hiring decisions on? How do you know who will be a good employee and who won’t? One of the best hiring tips I […]
November 12, 2008
Business
Cover Story/Machine Matters: 2009 Heavy haulers
Fuel costs may have you questioning your tried-and-true specs, and asking whether manufacturers plan to crank out less commanding versions of the powerful dump trucks you’ve come to depend on. That isn’t the case. While concerns in the on-highway market have directly shifted to improving fuel economy, the vocational truck market continues to set its […]
November 12, 2008
Business
Maintenance: Looking at extended life coolant?
Extended life coolants offer significant advantages – including reduced downtime and lower overall maintenance costs. Some contractors, though, can’t get beyond the initial cost, which can be up to 50 percent more than a conventional coolant. If you take the time to review ELCs, however, you may discover a product that can become an essential […]
November 12, 2008
Business
AGC economist warns nonresidential construction on the verge of a potentially long slide
Ken Simonson, Chief Economist for The Associated General Contractors of America (AGC), warns that the nonresidential construction industry may not bounce back from its current slump anytime soon. Simonson cautions that reports from the Census Bureau on construction spending in September and the National Association for Business Economics (NABE) reports on third quarter results indicate […]
November 7, 2008
Business
Red Hill Construction wins $100,000 “Contractor’s Dream Package”
While researching construction equipment that he was in need of buying on EquipmentWorld.com, Steve Montgomery of Red Hill Construction noticed a chance to win some for free in the Contractor’s Dream Package sweepstakes! Steve filled out the on-line registration form, submitted it and forgot all about it. In mid-October, Steve received a surprise phone call […]
November 4, 2008
Business
Cummins reports record third quarter, fifth consecutive record year of sales and profits
Cummins reported its highest third quarter sales and profits ever this year, and its second best quarter in the company’s history. The record quarter was led by strong gains in international markets that more than offset continued weakness in the company’s North American consumer markets. Third quarter sales of $3.69 billion were 10 percent higher […]
November 3, 2008
Business
John Deere acquires full ownership of ReGen
Deere & Company has acquired full ownership of ReGen Technologies, a remanufacturing company located in Springfield, Missouri. Deere had already owned 50 percent of the business prior to the acquisition. The operations will be fully integrated with remanufacturing operations in Edmonton, Canada, and the overall name of the business will be John Deere Reman. The […]
November 3, 2008
Business
IAEE honors AEM for innovation and leadership
The Association of Equipment Manufacturers (AEM) is the recipient of two awards presented annually by the International Association of Exhibitions and Events (IAEE). The awards program recognizes outstanding contributions to the exhibits and events industry. AEM’s Construction Challenge teen competition, which is designed to generate interest in construction careers, received the IAEE outstanding achievement in […]
November 3, 2008
Business
Atlas Copco releases third quarter results
Atlas Copco has reported third-quarter results showing growth and record operating profit. Sales of mining equipment and aftermarket products were strong, and all three business areas recorded sales and order growth. Revenues during the quarter increased 12 percent to MSEK 18,440 ($2.34763 million USD) with organic growth of 13 percent. The organic growth in orders […]
October 29, 2008
Business
Iowa Mold Tooling announces new vice president
Eric Neitzke has joined Iowa Mold Tooling (IMT), an Oshkosh Corporation, as the new vice president of sales. Neitzke is responsible for leading the IMT sales team and helping to drive business strategy for the company’s line of material-handling equipment and commercial vehicles. Neitzke brings more than 20 years of experience in corporate sales and […]
October 24, 2008
Business
Doosan Infracore America’s Construction Equipment Division promotes new president and CEO
Doosan Infracore America announces that Michael Stanley has been promoted to president and chief operating officer of Doosan Infracore America’s Construction Equipment Division. In this position, Stanley is responsible for the Construction Equipment Division including parts support, and will report to HS Lee, president of Doosan Infracore America, and the head of the construction equipment […]
October 24, 2008
Business
Terex AWP names global brand marketing leader
Terex Aerial Work Platforms, a business segment of the Terex Corporation, announced that Debbie George has been appointed to the newly created position of global brand marketing leader. George will have creative oversight of the Genie and Terex AWP brands and will report to the new global director of marketing solutions, Michael Samora.
October 22, 2008
Business
AGC offers members new discounts with Family Business Institute
The Associated General Contractors of America (AGC) has announced a new relationship with the Family Business Institute that will offer its members savings. The Family Business Institute joined the 11 other organizations with which AGC has agreed to offer discounts to its 33,000 member firms. The institute will provide AGC member company executives with the […]
October 22, 2008
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