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Business: Page 78
Business
Cat makes more layoffs due to coronavirus impacts
Days after the company’s announcement of a 21-percent drop in sales and revenues, Caterpillar has announced another round of layoffs in response to the negative impacts of the COVID-19 coronavirus pandemic. According to reports from CIproud.com and the Peoria Journal-Star, Cat sent an “unspecified amount of employees” layoff notices on Thursday. Cat confirmed to both […]
May 1, 2020
Business
Are contractors willing to buy equipment in the midst of the coronavirus?
Whether contractors are willing to buy equipment now depends on whom you talk to. At present, the coronavirus has not changed municipal water and sewer contractor Ruby-Collins’ planned capital expenditures, says Andrew Cook, senior project manager with the Atlanta-based company. “We haven’t slowed down with any of the planned purchases we had,” he says. […]
April 30, 2020
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February 19, 2025
Dealers
AEM survey: 91% of construction equipment makers seeing decreased equipment demand due to coronavirus impacts
Ninety-three percent of respondents to a recent Association of Equipment Manufacturers survey said coronavirus impact on sales was either “very negative” or “moderately negative.” And 91.3 percent of respondents said a decrease in demand was the primary impact of the pandemic. Other impacts cited by respondents included supply chain disruptions (74 percent); financial impacts (64.4 […]
April 30, 2020
Business
How location is playing a critical role in the coronavirus impact on construction
Location, location, location. It’s much more than a real estate mantra these days; it determines how much of an impact the coronavirus is having on a contractor’s business. From being completely shut down due to state or local governmental edict, to having projects sped up because stay-at-home orders have reduced the impact of people and […]
April 29, 2020
Dealers
Stanley using Tool Bucket app to demonstrate attachment capabilities in coronavirus reality
During the coronavirus and this time of social distancing, Stanley Infrastructure's Tool Bucket app offers virtual attachment feature demos. Details here.
April 28, 2020
Contractor of the Year
How Alaska’s Drake Construction handles the coronavirus challenge above the Arctic Circle
Using planning and logistics to gain maximum productivity in a short construction season in Alaska.
April 27, 2020
Business
Weekly Coronavirus Contractor Survey: 44% say project backlogs have “stayed the same”
Editor’s Note: Make your voice heard in our next survey. How is coronavirus impacting your business? Click here to participate in the survey. More contractors are now saying they expect project backlogs to “stay the same” during the next 30 days, according to Week 4 of Equipment World ‘s survey of contractor sentiment about the coronavirus impact. […]
April 24, 2020
Business
Shut Down by Coronavirus: What happens when contractors are ordered to stop construction?
What happens when construction contractors are told to stop business because of the COVID-19 pandemic? Discover how contractors are coping on Equipment World.
April 23, 2020
Roadbuilding
I-10 widening will help rebuild Louisiana’s economy from coronavirus impacts, DOTD secretary says
The Louisiana DOTD is moving forward with plans to widen I-10 in Baton Rouge to help with traffic congestion and aid economic recovery following COVID-19.
April 22, 2020
Business
Construction firms gain highest percentage of paycheck protection loans
The construction industry has captured nearly $34 billion of the forgivable loans that have been approved under the Paycheck Protection Program.
April 21, 2020
Dealers
Which construction equipment makers are offering deals and coronavirus loan relief?
Can shell-shocked contractors be prompted to buy in these uncertain times? The financing challenge is actually two-fold, says David Sutton, president, Kubota Credit. “We want to help the dealers attract and incent customers to buy and we want to make sure the customers we have are comfortable with their current loans.” “We’ve taken very proactive […]
April 20, 2020
Roadbuilding
Financing hurdles caused by coronavirus won’t delay Nebraska’s largest road project
Due to uncertain financial markets during the coronavirus, the NDOT and the project's contractor thought the Lincoln South Beltway project might be delayed.
April 20, 2020
Business
Coronavirus Impact Survey: Location determining factor in contractor outlook, 54% of Middle Atlantic respondents see decreases
Editor’s Note: Make your voice heard in our next survey. How is coronavirus impacting your business? Click here to participate in the survey. Because states have responded with varying methods of controlling the virus, location has been a significant determining factor on whether contractors are working, as reflected by Week 3 of the Equipment World survey on […]
April 17, 2020
Business
Dana hits back at coronavirus, manufacturing hospital PPE using 3D printers and offering free downloadable designs
With the Coronavirus putting a huge strain on hospitals, medical staff and supplies of vital equipment, Dana (the folks that make the drivetrains, e-propulsion systems and a whole lot more that goes into your trucks and equipment) has answered the call. Dana and its engineering team have partnered with their local Toledo, Ohio-based hospitals to […]
April 17, 2020
Dealers
Construction equipment auction companies switch to online-only during coronavirus, anticipate selling surge
Auction companies are preparing for a surge in heavy equipment sales by going to online-only operations during COVID-19. Details here on Equipment World.
April 15, 2020
Business
Dodge economist: Recession rebound will begin this summer after painful 2nd quarter impact from coronavirus
Richard Branch, chief economist for Dodge Data & Analytics, predicts the U.S. economy and the construction industry will start to bounce back in early summer.
April 15, 2020
Business
JCB manufacturing housings of Dyson ventilators for coronavirus patients
JCB has reopened a factory closed due to the impact of the coronavirus pandemic in order to aid in the production of ventilators. After suspending production at its nine UK production plants until at least the end of April, the company says it was asked by UK Prime Minister Boris Johnson to help fill the […]
April 14, 2020
Business
Topcon launches free online webinars to help construction workers learn more about GPS
Topcon to offer online education on GPS and other geo-positioning topics for the construction and agriculture industry. Click for more information on Equipment World.
April 14, 2020
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Tire Pressure Tips for Heavy Equipment Operations
When it comes to your OTR (off-the-road) tires, nothing is more important than having proper tire inflation. This directly impacts the performance and longevity of your tires, which is linked to the overall productivity of your operation.
