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Business: Page 93
Business
Construction is driven by people, not machines
Certain themes repeat themselves when we talk to contractors: The 20-hour days to get a construction company started … and to keep it going. The great financial risks for miniscule margins. The inherent joy of building something. But the most prevalent comment we hear from contractors concerns their people. “We couldn’t do this without the […]
July 13, 2017
Business
Engine Repowers: The complicated business of putting a new diesel in an old machine
It used to be easy to replace an engine in an older piece of diesel-powered equipment in the era before emissions controls. In many cases today, that process doesn’t start with an engine hoist, but instead requires permission from air quality regulators before you touch a wrench. That’s because with each new iteration of diesel […]
July 11, 2017
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August 4, 2025
Business
2017 Construction Intern of the Year scholarship applications open Aug. 1
Construction estimating software developer HCSS has announced that it will begin taking applications for its 2017 Construction Intern of the Year scholarship program on August 1. Now in its third year, the Intern of the Year program will award $10,000 to one grand prize winner. Four finalists will each receive a $4,000 scholarship and 12 honorable […]
July 6, 2017
Business
Construction spending flat in May with dip in residential
Homebuilding declines were nearly matched by gains in nonresidential construction in May as total construction spending in the U.S. was flat for the month, according to preliminary estimates from the Commerce Department. Despite the flat month, construction spending’s total of $1.23 trillion was up 4.5 percent from the year-ago, May 2016 figure. Private residential spending […]
July 3, 2017
Business
WOTUS repeal proposed by Trump administration
The Trump administration took an official step toward repealing the controversial Waters of the United States (WOTUS) regulation on Tuesday, The Hill reports. The new proposal requires the Environmental Protection Agency (EPA) and the Army Corps of Engineers to go back to using a 2008 guidance document to decide if a waterway is subject to federal oversight. The […]
June 30, 2017
Business
Cummins unveils ZED Connect with launch of ELD smartphone app
Engine maker Cummins announced it has launched a new software company, ZED Connect, whose first offering is a smartphone-based electronic logging device that’s compliant with the USDOT’s looming ELD mandate. The ZED smartphone ELD app is aimed at the small fleet and owner-operator segments. Dubbed a “plug and play” device, the ELD includes visual inspection […]
June 27, 2017
Business
Safety, Profits and Productivity — The Many Benefits of ELDs for construction fleets
Tracking hours of service compliance is just a fraction of what most ELD systems can do. Some of the simplest, most inexpensive systems – often a smartphone app paired with an engine control module (ECM) connection device – come with web-based, back-office unit tracking software and dispatch tools. Others have more robust back-end programs. Contractors […]
June 26, 2017
Dealers
Ritchie Bros. sells $46 million in equipment and trucks at Houston auction
Ritchie Bros.’ third Houston auction of the year brought in more than $46 million in sales with more than 4,700 equipment items and trucks sold over the two-day event. The company reports there were more than 4,250 bidders from 57 countries at the event, with more than 2,850 registering to bid online. Roughly 58 percent […]
June 26, 2017
Business
Ten-year, $1 million construction theft ring busted in Memphis
Shelby County, Tennessee, Sheriff’s deputies recently busted a longstanding theft ring responsible for the loss of more than $1 million in equipment and materials from residential jobsites in and around Memphis over a 10-year period. Deputies said the Sheriff’s office had been aware of the theft ring for some time, telling WMAC TV 5 that […]
June 23, 2017
Business
Hard-working heritage establishes ground work for Sun Construction , our 2017 Safety Award winner
As you pull off Gov. Williams Highway in Darlington, South Carolina, and onto the property of Sun Construction, the first thing you notice is how much land the company sits on. And if you keep your eyes to the right as you make your way down the long driveway, you get a clue as to […]
June 23, 2017
Business
Cat invests in Alight to combine machine data with mining forecasts
Caterpillar’s Venture Capital arm has invested in Alight, a tech company that develops financial forecasting software, in the hopes of combining telematics data pulled from connected machines with business software. Alight, based in San Francisco, says it recently closed a Series A funding round of $11 million that included the Cat investment. The tech startup […]
June 21, 2017
Business
Housing starts dip 5.5% in May with big drop in multi-family
The start of construction on new homes in the U.S. fell 5.5 percent in May to a seasonally adjusted annual rate of 1.092 million homes, according to the latest estimates from the Commerce Department. Total starts are down 2.4 percent from the May 2016 estimate, largely due to a decrease in the number of multi-family […]
June 19, 2017
Dealers
Ritchie Bros. completes IronPlanet purchase, outlines organizational structure
Ritchie Bros. announced it has completed its purchase of IronPlanet, a transaction valued at roughly $758.5 million and financed through a senior note offering and secured term loan facility. The company announced plans for the acquisition last August and it was approved by the U.S. Department of Justice’s Antitrust Division in May. The deal also initiates […]
June 12, 2017
Business
How to implement a Computerized Maintenance Management System
You bought it. Now you have to make it work. Here’s a 14-point plan to bring your maintenance-management protocols into the digital age. Earlier this year, we looked at how to evaluate and choose a computerized maintenance management system (CMMS). But that’s just half the battle. Implementing the system is equally as important. A weak effort […]
June 8, 2017
Business
Construction Industry Round Table announces new officers
During its annual spring meeting in Washington D.C., the Construction Industry Round Table (CIRT) elected Wayne A. Drinkward as Chairman of the organization for a term of one year. Drinkward is Chairman & CEO of Hoffman Corp., where he works in a wide range of markets, and will replace H. Ralph Hawkins, FAIA, Chairman Emeritus of HKS, […]
June 6, 2017
Business
Equipment World publisher Randall-Reilly acquired by equity firm Aurora Capital
Aurora Capital Partners, a leading middle-market private equity firm, has acquired Randall-Reilly, publisher of Equipment World, the two companies announced Monday. Randall-Reilly is a leading provider of B2B data and data-driven marketing services, media and events for the trucking, construction, agriculture and additional industrial markets. Aurora acquired Randall-Reilly from Investcorp, a global manager of alternative […]
June 6, 2017
Business
Construction spending falls 1.4% in April
An increase in single-family home construction spending was not enough to offset a decline in nonresidential spending as total U.S. construction spending fell 1.4 percent in April to $1.2 trillion. Despite the monthly decline, total spending remains 6.7 percent above the April 2016 figure, according to preliminary data from the Commerce Department. Private residential spending, […]
June 1, 2017
Dealers
Business Roundup: Ritchie Bros. cleared for IronPlanet purchase; OSHA injury reporting rule suspended; Finning Q1 earnings; Takeuchi adds Kirby-Smith; Digga partners with Berlon
DOL suspends OSHA rule requiring companies electronically report injuries and illnesses The Department of Labor has suspended an Occupational Safety and Health Administration (OSHA) rule requiring companies to electronically report injury and illness records, which keeps the records from being publicly disclosed, The Washington Post reports. The rule, which took effect Jan. 1, requires employers to send in their summary data […]
May 30, 2017
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