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Business: Page 258

Business
Trucks: Fleet smarts
Who hasn’t heard the mantra, “If you can measure it, you can manage it”? With truck fleets, monitoring fuel usage, mileage, preventive maintenance tasks and parts inventory should be major concerns – and these must be managed. Even though technology exists to organize the process, 61 percent of fleets report not having or using fleet […]
June 30, 2008
Business
On Record: This summer’s ride
It’s no fun being an estimator these days. The adjective “volatile” now seems super-glued to the word “price.” To contractors living in a fixed-bid world – with a gap between bid submittal and project completion usually measured in months – the situation is especially precarious. Heck, the guy who mows my lawn can raise his […]
June 30, 2008
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Business
First Word: Jobsite danger constant reality
The recent rash of crane collapses across the country has a lot of people thinking about construction site safety. In New York City, where two crane collapses in three months killed nine people, emergency meetings are being held and citizens are telling city council members they’re afraid to sit on their couches. When interviewed for […]
June 30, 2008
Business
Contractor of the Year Finalist: Bryan Malouff of RMS Utilities
Most kids look forward to spending summers by the pool or hanging out with their friends, but Bryan Malouff had other plans. He wanted to work for his father’s asphalt crew. Under his dad’s instruction, Malouff learned how to drive a dump truck and repair roads. Then, when he was 19, his father asked him […]
June 30, 2008
Business
Caterpillar maintains dividend rate
The Caterpillar board of directors has declared a quarterly cash dividend of 36 cents per share on its common stock, payable February 20, 2008, to stockholders of record at the close of business January 22, 2008. The dividend maintains the dividend rate for the previous quarter and is 20 percent higher than the dividend paid […]
June 16, 2008
Business
United Rentals to hold stockholder meeting to adopt merger agreement
United Rentals will hold a special meeting of stockholders on Oct. 19, 2007, for the purpose of voting on a proposal to adopt its merger agreement with affiliates of Cerberus Capital Management. Pursuant to the agreement, United Rentals is to be acquired pursuant to a merger in which each share of United Rentals common stock […]
June 16, 2008
Business
Online consultant RentalMetrics launches
RentalMetrics, an online consulting service, launched last week from their headquarters in Des Moines, Iowa. The company’s goal is to profit from simplifying the deployment of technology solutions for construction and rental businesses. The company’s website, RentalMetrics.com, will allow industry professionals to research GPS and other technologies like business process and project management solutions. After […]
June 16, 2008
Business
JLG promotes Alton to VP and GM for Cat Alliance Group
JLG Industries announced the promotion of Rick Alton to the position of vice president and general manager for JLG’s Caterpillar Alliance Group (CAG). Alton will be responsible for the continued growth and expansion of the Caterpillar Alliance Group, as well as continuing to build on the successful global alliance with Caterpillar. Additionally, Alton will also […]
June 16, 2008
Business
Manitowoc expands into China
Manitowoc and their crane division, based in Manitowoc, Wisconsin, have formed a joint venture with Chinese crane manufacturer TaiAn Dongyue. This move marks Manitowoc’s second major expansion into the Chinese market. Previously, the company had a joint venture with a tower crane factory in Zhangjiagang, China, before making it a wholly-owned factory. “The manufacturing facility […]
June 16, 2008
Business
CNH Capital now serving Puerto Rico
CNH Capital, financial services business of construction equipment maker CNH Global ,has announced their expansion into Puerto Rico. Equipment financing products of the company will now be available at the dealerships that represent CNH brands in Puerto Rico. These dealerships include New Holland, New Holland Construction and Case Construction. The initial product offering of CNH […]
June 16, 2008
Business
Skyjack finalizes acquisition of Volvo’s material handler line
Skyjack has acquired Volvo Construction Equipment’s line of material handlers. Linamar, Skyjack’s parent company, had expressed interest in acquiring the Ingersoll Rand telehandlers and straight mast forklifts from Volvo CE and had opened discussions related to purchasing these assets of Volvo’s Material Handling Equipment business. This acquisition has further expanded Skyjack’s telehandler line and adds […]
June 16, 2008
Business
Cummins named 2008 Automotive News PACE Award winner
Automotive News has named Cummins the recipient of the 2008 Premier Automotive Suppliers’ Contribution to Excellence (PACE) award for innovation demonstrated by the 6.7L turbo diesel engine. The award honors superior innovation, technological advancement and business performance among automotive suppliers. Cummins’ 6.7L Dodge Ram Turbo Diesel engine is the first to meet the 2010 EPA […]
June 16, 2008
Business
Caterpillar And Navistar to pursue strategic alliance
Cat And Navistar To Focus On Global Truck Business And Cooperate On Engine Technologies Caterpillar Inc. (NYSE: CAT) and Navistar International Corporation (Other OTC: NAVZ) have signed a Memorandum of Understanding (MOU) to pursue global on-highway truck business opportunities and cooperate on a variety of engine platforms. The two companies intend to focus on global […]
June 12, 2008
Business
Contractor of the Year Finalist: Bruce Barnes
Driving his red pick-up between site prep jobs on the scrub prairies of east central Texas, where distance is measured in time, not miles, Bruce Barnes doesn’t look like a music teacher. Taking a lesson The son of a career Navy man, Barnes had the opportunity to attend the Naval Academy but instead went to […]
June 10, 2008
Business
Business Management: Finanacing to win
Many if not most construction companies are started on a dime. You save your money, maybe get friends and family to invest, buy the cheapest backhoe you can find and get busy. But at some point, you’re going to need to grow and that means buying new equipment. When you get to that point, unless […]
June 10, 2008
Business
First Word: Get to know Generation Y
With baby boomers in construction retiring earlier than those in other professions, the urgency of attracting young workers to our industry is increasing. The first baby boomer began collecting Social Security retirement benefits in February – and an average of 10,000 per day over the next 20 years will be eligible to apply – but […]
June 10, 2008
Business
Kingsport, Tenn. Business Owners Win 2008 “Contractor of the Year” Award
Owners of Kingsport-based paving firm honored for business achievements and industry representation LAS VEGAS, March 2008 – Alan and Amanda Bracken, owners of Bracken Paving in Kingsport, Tenn. won the eighth annual Contractor of the Year award sponsored by leading national trade magazine Equipment World and construction equipment manufacturer Caterpillar Inc. during a recent ceremony […]
May 6, 2008
Business
On Record: Rethinking workforce development
The Center of Economic and Policy Research defines a “good job” as one with health insurance, a retirement plan and earnings of at least $17 an hour. That works out to about $34,000 a year. Construction is filled with jobs that go beyond this definition. And so we’ve got a good story to tell. It […]
May 3, 2008
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