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Business: Page 304

Contractor forfeits $67,956 to save equipment

Concrete contractor Ray Brooks had a tough decision to make: cough up $67,956 in back taxes or have his construction equipment seized. The situation may seem harsh, but according to Tarrant County Tax Assessor Betsy Price, it’s not that uncommon. “We try to work with people who are behind on their taxes for a while, […]

February 16, 2003

Flash Facts — February 10

MANUFACTURER NEWS Columbus McKinnon to close CES crane plant Crane manufacturer Columbus McKinnon recently announced plans to shut down operations of Crane Equipment & Service at Forest Park, Ill. The closure is part of a mass consolidation the company is undertaking. CES’s operations will be consolidated into its other North American crane manufacturing facilities, saving […]

February 11, 2003

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Choosing The Right Tire and Track Patterns for Maximum Productivity

Empty office space relieves housing crunch

There is an eerie desolation on San Francisco’s Market Street, where looming sky rises that once housed booming dot-com companies in the late 90’s are now standing empty. It was only when the Internet boom busted, office rents fell, and vacancies rose to an all time high that developers decided that office buildings weren’t what […]

February 10, 2003

Lagging commericial construction holding back building market

Empty manufacturing space nationwide is approaching levels reached during the 1991 recession and new office space has been cut in half in recent years as the economic slowdown takes its toll on commercial construction. The Federal Reserve’s Jan. 15 “beige book” survey of economic conditions pointed out a widespread overhang of commercial real estate. The […]

February 10, 2003

California to spend $20 billion on road and school construction

California Gov. Gray Davis hopes to boost his state’s economy by launching the “Build California” plan, which allocates approximately $20 billion of bond money to road and school construction. The plan is expected to add 500,000 new jobs in the state during the next four years. A $5.5 billion “Our New School” bond will help […]

February 2, 2003

Flash Facts — Jan. 27

MANUFACTURER NEWS Deere, Bombardier to develop utility vehicles Deere and Bombardier will develop wheeled utility vehicles and technologies under a strategic alliance the companies announced Thursday. A John Deere-branded line of utility vehicles derived from a Bombardier all-terrain vehicle platform will be the first product resulting from the alliance. The utility vehicles will be launched […]

January 28, 2003

Flash Facts

MANUFACTURER NEWS EPA certifies Caterpillar ACERT engine Caterpillar announced Friday the Environmental Protection Agency certified its first engine equipped with Advanced Combustion Emission Reduction Technology (ACERT). ACERT reduces emissions at the point of combustion. The engine EPA certified is the C9 engine, which is used in emergency and recreational vehicles, mass transit buses and vocational […]

January 21, 2003

Terex forms financial services unit

Terex announced Friday it has formed a financial services unit to help customers acquire its equipment. The unit will work with GE Vendor Financial Services, which provides financial services to equipment manufacturers, dealers and their end users. “The formation of Terex Financial Services in coordination with a strong business partner will enable us to offer […]

January 19, 2003

Flash Facts

MANUFACTURER NEWS Terex forms financial services unit Terex announced Friday it has formed a financial services unit to help customers acquire its equipment. Terex Financial Services will work with GE Vendor Financial Services to provide financial products and services. Ron DeFeo, Terex’s chairman and chief executive, said the new unit will allow the company to […]

January 15, 2003

Flash Facts

MANUFACTURER NEWS Manitowoc completes sale of boom truck business Manitowoc announced Thursday it has completed the sale of Manitowoc Boom Trucks to Quantum Heavy Equipment. The Department of Justice required the sale in order for Manitowoc to acquire Grove Worldwide. The purchase price was not disclosed. Manitowoc Boom Trucks’ assets and liabilities were transferred to […]

January 8, 2003

Bush administration prepares stricter off-road diesel rules

Heavy construction equipment and other off-road, diesel-powered vehicles will have to meet stricter emission standards and use low-sulfur fuel under proposed rules the Bush administration plans to unveil this spring. The Environmental Protection Agency is expected to send its proposal to the White House in January, and the final rule is slated to come out […]

January 5, 2003

Multiquip celebrates 30th anniversary

Multiquip, a supplier of light- and medium-sized construction equipment, is celebrating its 30th anniversary in 2003. Irv Levine, who retired in December, founded the company in 1973 in Long Beach, Calif., as the exclusive U.S. distributor for Mikasa compaction equipment. The company expanded into the pump and generator businesses in 1985 by forming MQ Power […]

January 3, 2003

Flash Facts

MANUFACTURER NEWS Caterpillar sells rubber-belted track component business Caterpillar has agreed to sell its rubber-belted track component business to Camoplast, a Canadian maker of molded components for original equipment manufacturers and aftermarket suppliers, the Dow Jones reported. Camoplast will supply the components back to Caterpillar for use in its Mobil-trac systems, an undercarriage used primarily […]

January 2, 2003

NationsRent bankruptcy plan calls for group of lenders to take over

NationsRent’s bankruptcy-reorganization plan calls for a group of lenders led by a Boston investor who sold his family’s businesses to NationsRent to take over the company. If a Delaware bankruptcy court approves the plan, NationsRent will become a privately held company. Phoenix Rental Partners and the Baupost Group, both based in Boston, bought notes held […]

December 31, 2002

Contractor wins largest undivided lottery prize in history

A 55-year-old contractor from West Virginia has won the biggest undivided lottery prize in history – the $314 million Powerball jackpot. Andrew “Jack” Whittaker Jr. said he plans to expand his construction business, lavish money on his family, maybe buy a helicopter and give 10 percent of his winnings to his church. “I’ve had to […]

December 31, 2002

Enron sells construction business

Enron has sold its 101-year-old mechanical and construction company – one of its few businesses operating outside bankruptcy – to the company’s management and a group of financiers. Limbach Facility Services, based in Pittsburgh, specializes in commercial construction projects such as hospitals and office towers. FdG Associates bought the company for about $80 million, and […]

December 19, 2002

7 quick ways to reduce rental equipment costs

Before you visit the rental store with your list of equipment needs, take time to help ensure you will have the right tools and machines for the job — and the jobsite. 1. Examine the jobsite. Take a look at travel distances, steepness of grades and underfoot conditions. Know the height and reach requirements for […]

December 16, 2002

Flash Facts — Dec. 2

MANUFACTURER NEWS Eaton to produce Volvo transmissions in Brazil Eaton Corp., based in Cleveland, Ohio, has signed an eight-year agreement with Volvo Trucks to manufacture heavy-duty transmissions for the South American market. The transmissions will be produced at Eaton’s facility in Sao Paulo, Brazil. According to the agreement, Eaton will manufacture and deliver all the […]

December 5, 2002

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Yellow Komatsu excavator with tracked chassis at industrial port facility displaying heavy construction equipment

Inside KOBELCO’s Largest Conventional Excavator: The 85-Ton SK850LC-11

This 190,000-pound excavator packs 512 horsepower and comes loaded with standard features. Take a walkaround here.

yellow Gehl SRT105 and red Manitou 1050 SRT mini track loaders displayed on grass field

Gehl, Manitou Reveal Their First Stand-On Mini Track Loaders

Orange CASE BISON XT next-gen dozer with blade in industrial warehouse setting

Closer Look: Case’s Smallest Next-Gen N Series Dozers Get Big Upgrades

Yellow excavator demolishing abandoned concrete building under stormy sky

KOBELCO Releases Two New Straight Boom Excavators for Demolition

Orange and black Landcros articulated dump truck with six wheels and roof rack, shown in three-quarter view

Hitachi, Bell to Launch First Landcros Articulated Trucks for North America

Choosing The Right Tire and Track Patterns for Maximum Productivity