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Business: Page 298
Business
Construction employment to grow in next decade
The construction industry is the only goods-producing sector in which employment is projected to grow over the next decade, according to a study the U.S. Department of Labor released Feb. 11. While construction jobs will pay approximately 23 percent more than private-sector jobs overall, employment in the goods-producing sector as a whole is expected to […]
February 19, 2004
Business
Government contractors owe $3 billion in unpaid taxes
Approximately $3 billion in unpaid taxes is owed by 27,000 government contractors, according to Pentagon records recently reviewed by Congress. The U.S. General Accounting Office concluded that due to a 1997 law, which requires federal agencies to withhold 15 percent from payments to businesses with unpaid tax bills, the Defense Department should have been collecting […]
February 16, 2004
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Business
Bush administration proposes new overtime-pay rules
An estimated 1.3 million low-wage workers could be automatically eligible for overtime pay because of proposed changes, according to the Labor Department. The Bush administration unveiled a proposal Thursday to overhaul federal rules on overtime pay. While the proposal would lift the current ceiling of those who can receive overtime, the proposal could also strip […]
February 15, 2004
Business
Contractors paid to appease business owners
Road contractors in Florida could make an extra $152,000 for keeping business owners happy, thanks to a new pilot program developed by the state Transportation Department. The DOT developed the incentive program in an effort to appease local businesses along U.S. Highway 441, where a road-widening project began in August 2002. Some owners complained they […]
February 12, 2004
Business
Thompson Pump names national training manager
Thompson Pump has appointed Eric Eaton national training manager. In the newly created position, Eaton will be responsible for directing nationwide training of Thompson personnel and customers in pumping applications. Eaton has more than 15 years of experience in the dewatering and bypass business, allowing him to provide direction, support and advice on all manner […]
February 8, 2004
Business
Terex names president of mining, materials processing businesses
Terex has named Rick Nichols president of Terex Materials Processing and Mining. The Unit Rig truck and O&K mining shovel businesses along with the material processing businesses of Cedarapids, Simplicity, Jacques and Canica will be under his leadership. Thys de Beer, currently president of Terex Mining, will continue with the company, working on various corporate […]
February 1, 2004
Business
Liebherr appoints sales manager
Liebherr Concrete Technology has named Nathan Paris regional sales manager for the Southwestern United States. He has a bachelor’s degree in business and finance management and more than 11 years of experience in the concrete equipment field.
February 1, 2004
Business
Caterpillar sells havester, forwarder forestry equipment lines
Log Max of Grangarde, Sweden, will purchase Caterpillar’s line of cut-to-length harvesters and forwarders used in the forestry industry. The cut-to-length business is highly specialized and requires dedicated focus, said Gerald Palmer, vice president of Caterpillar’s wheel loader and excavator division, which has responsibility for forestry products. Caterpillar approached Log Max to acquire the two […]
February 1, 2004
Business
Study shows trust top factor in hiring contractors
Trust and integrity are more influential than the price of a bid when choosing a construction firm, according to a study released Jan. 20 at the International Builders’ Show. The study, independently conducted for Intuit Construction Business Solutions, surveyed 500 customers of commercial and residential construction firms. More than 80 percent of the respondents said […]
January 30, 2004
Business
Software saves average of 40 cents per employee, per hour
According to data collected by manufacturer ToolWatch, its tool management software can save businesses more than $80,000 a year if they have at least 100 workers working 40 hours per week. ToolWatch takes information about each item and turns it into usable data, allowing businesses to maximize each item’s use. ToolWatch SE is the company’s […]
January 27, 2004
Business
Construction firm makes
Fortune
list of best companies to work for
For the seventh consecutive year, a Dallas-based construction company was ranked by Fortune magazine as one of the nation’s top companies to work for. TDIndustries, which specializes in mechanical and electrical construction, placed seventh in the magazine’s annual “The 100 Best Companies to Work For” issue. Fortune bases the rankings on a series of employee […]
January 22, 2004
Business
Equipment rental company uses machine tracking system
Equipment rented from Red Mountain Machinery in Nevada, Arizona and California can now be tracked through an on-board GPS system. The company recently incorporated Qualcomm GlobalTRACS equipment management system into its entire fleet of construction equipment. The GlobalTRACS system collects, transmits and manages equipment engine hours and locations. Equipment engine hours can be reported on […]
January 19, 2004
Business
California builds most houses since 1986, but shortage continues
Approximately 191,866 new homes and apartments were built in California in 2003, the most houses since 1986 and the most apartments since 1990. But according to officials, the increase isn’t enough to ease the state’s housing shortage. More than 220,000 new residences need to be built each year between now and 2020 to handle California’s […]
January 7, 2004
Business
Manitowoc Crane Group plans aerial work platform business restructuring
Manitowoc Crane Group has presented plans to restructure its Manlift aerial work platform businesses, which will be exclusively focused on vertical mast products. The restructuring plan includes: discontinuing U.S. Manlift production at the Shady Grove, Pa., facility; discontinuing the scissor-lift and boom-lift product segments and closing the Liftlux facility in Dillingen, Germany; developing the remaining […]
December 22, 2003
Business
Terex, Caterpillar end discussions regarding mining businesses
Terex said Dec. 10 it has ended talks with Caterpillar regarding the sale of Terex’s mining truck business to Caterpillar and Terex’s acquisition of Caterpillar’s mining shovel intellectual property. The discussions ended due to an inability to come to financial terms satisfactory to both parties, Terex said in a press release. The two companies said […]
December 22, 2003
Business
Skyjack makes new appointments
Skyjack recently announced six appointments. The company named Kim “Hutch” Hutchison Western region vice president. Hutch has worked for Skyjack three years. Mike Ogle is now territory sales manager for several Midwest states and reports to Hutchison. Skyjack appointed John Phillips, who has been with the company three years, Eastern region vice president. Chris Dossin […]
December 22, 2003
Business
Volvo CE rental center to open in New Mexico
Volvo Construction Equipment has signed a franchise agreement for a rental center in Peralta, New Mexico. Merrill Robinson, owner of Roadrunner Industrial Works, will own and operate the center, which will begin business within a few weeks.
December 15, 2003
Business
Dana to divest replacement parts division
Dana said Dec. 3 it will divest its replacement parts business – Automotive Aftermarket Group – in order to focus on making new products for vehicles. The company has hired Credit Suisse First Boston and Goldman, Sachs & Co. to assist in the transaction, which it hopes to complete in 2004. ArvinMeritor dropped a hostile […]
December 15, 2003
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