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Business: Page 88
Business
AGC survey: 39% of contractors say projects have been halted/cancelled in wake of coronavirus
The Associated General Contractors of America survey notes halted/canceled construction projects either underway or scheduled to start within the next 30 days.
March 30, 2020
Business
Terex: “We are shipping equipment,” as some plants suspend operations due to coronavirus
While some Terex plants remain open in the wake of the COVID-19 coronavirus outbreak, others are closed until dates in April, according to the company. “We are shipping equipment,” Terex says. “Parts operations, parts fabrication, service centers, logistics and shipping operations are running. “We remain well-positioned to serve customers through a number of channels,” the […]
March 27, 2020
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February 1, 2026
Dealers
Construction equipment dealers to contractors amid coronavirus: “We’re open.”
Dealers have two critical constituencies when dealing with the COVID-19 coronavirus: their employees and their customers. It’s a balancing act as dealers adjust to dealing with what they should and should not do during the virus outbreak. General Equipment & Supplies techs are sanitizing any shared tools, and sanitizing equipment cabs both before and after […]
March 26, 2020
Business
Cat to close some facilities due to coronavirus impact on demand as company withdraws 2020 outlook
Caterpillar announced Thursday that it will temporarily close some of its manufacturing facilities in response to the coronavirus outbreak. The company has also withdrawn its 2020 earnings outlook due to the economic uncertainty surrounding the global pandemic. The heavy equipment maker says that while the majority of U.S. facilities remain open and operational, operations have […]
March 26, 2020
Business
As coronavirus shuts down construction in parts of U.S., others accelerate work
It’s a mixed, fast-evolving picture when it comes to construction project shutdowns throughout the U.S. due to the coronavirus threat. And even in areas where all-out construction bans have taken place – Pennsylvania and Boston in particular – exceptions are being made. In Pennsylvania, for example, where the governor decreed projects shut down this past […]
March 24, 2020
Dealers
ARA Member Survey: Rental revenues will “significantly deteriorate” due to coronavirus
After polling its members, the American Rental Association says “rental revenues are declining and are projected to significantly deteriorate in the coming months” due to impacts from the coronavirus crisis. As of March 16, 32.92 percent of ARA’s construction/industrial and general tool/DIY member survey respondents say they’ve been experiencing up to 15 percent revenue loss; […]
March 24, 2020
Contractor of the Year
Alaska’s Drake Construction is our 2020 Contractor of the Year
Equipment World’s 2020 Contractor of the Year goes to Drake Construction out of Alaska. Learn more and check out the video interview here on Equipment World.
March 23, 2020
Business
The Coronavirus and Construction Contracts: Does insurance cover work stoppages? Are you covered if your subcontactors cease work? It’s time to find out.
By Meghan DiPerna, Kenneth H. Lazaruk and Brian A. Shue * As you have undoubtedly heard, coronavirus disease 2019 (COVID-19) is affecting the global construction industry. Notably, as of March 17, Boston halted all construction jobs in the city for two weeks due to the COVID-19 pandemic. This decision has affected approximately 21.4 million square feet of new or […]
March 23, 2020
Roadbuilding
AASHTO urges increased road funding to boost coronavirus-damaged economy
As Congress discusses emergency economic relief in response to the coronavirus pandemic, the American Association of State Highway and Transportation Officials recommends political leaders look to road construction as a way to rev up the economy. “Increased investment in transportation infrastructure has time and again proven to provide the optimal boost to the economy during […]
March 23, 2020
Business
Opinion: A very different ConExpo amid coronavirus concerns
It already was going to be different. ConExpo-Con/Agg 2020 had complicated logistics to overcome from the get-go. The Las Vegas Convention Center is in the middle of a massive expansion that took out the footprint of the former Gold Lot, forcing companies to relocate. Many relocated to what became Festival Grounds, situated a mile away […]
March 20, 2020
Contractor of the Year
This engineer ‘wanted to be the guy.’ So he built a successful construction firm
John Kovacs never thought he was on a path to a career in construction. With an engineering degree from The Citadel and ambitions to work in Manhattan, Kovacs started his career with the Port Authority of New York and New Jersey and entered the agency’s management training program. However, Kovacs’ opinion of contracting changed drastically […]
March 20, 2020
Business
Contractors must provide paid sick, family leave under coronavirus law
A coronavirus response bill signed into law March 18 by President Trump requires all employers with fewer than 500 workers to provide paid sick leave and family care leave. Employers with fewer than 50 workers can file for a hardship exemption with the U.S. Department of Labor. The paid-leave provisions of the law take […]
March 19, 2020
Business
Update: JCB halts UK production through the end of April as coronavirus continues to take its toll
JCB says it has extended its production stoppage until the end of April at all of its United Kingdom manufacturing plants as COVID-19 coronavirus disruption is resulting in “an unprecedented reduction in global demand.” The announcement involves its nine manufacturing plants in Staffordshire, Derbyshire and Wrexham. The company, which stopped production at the plants on […]
March 18, 2020
Business
V.P. Pence asks construction industry to donate masks
At a press conference March 17, Vice President Mike Pence asked all construction companies in the United States to donate their N95 masks to local hospitals and medical clinics to help protect medical teams and patients and slow transmission of the coronavirus. He also asked that construction companies forgo ordering more N95 masks during the […]
March 18, 2020
Roadbuilding
Boston, PennDOT halt construction projects due to coronavirus; AGC opposes construction bans
Boston’s mayor has called a halt to construction projects in the city for 14 days in response to the coronavirus outbreak. The announcement comes amid a construction boom in Boston, which has 33 reported cases of COVID-19. The Pennsylvania Department of Transportation has also suspended indefinitely construction projects it oversees. A day after Boston’s announcement, […]
March 18, 2020
Business
With staff out of ConExpo, Volvo CE tries connecting with QR codes
When it comes to construction equipment marketing, there always needs to be a Plan B. Plan B came immediately into play for Volvo Construction Equipment when parent Volvo Group announced on Thursday that it was withdrawing from ConExpo 2020 due to coronavirus safety concerns. Its statement was amended on Friday to say that the full […]
March 12, 2020
Dealers
Ritchie Bros. creates Appraisal Services division, offers USPAP-compliant equipment appraisals
Auction giant Ritchie Bros. has formalized its appraisal services, and launched a new division, Ritchie Bros. Appraisal Services. “We have been providing appraisal services for a while now, but we’re adding USPAP [Uniform Standards of Professional Appraisal Practice]-compliant appraisals to our menu and formally bundling all of these under a new Ritchie Bros. Appraisal Services […]
March 12, 2020
Business
Contractors’ optimism about 2020 drops but still strong, Wells Fargo reports
Though contractor optimism is down, 2020 should still be a strong year for nonresidential construction activity. Learn more here on Equipment World.
March 10, 2020
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