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Business: Page 94
Dealers
Caterpillar reports $38.5 billion sales and revenue for 2016, $0.11 per share loss
Caterpillar Inc. has reported an 18 percent drop in sales and revenues for all of 2016 at $38.5 billion, with a per share loss of $0.11 for the year. That compares to 2015, when the company reported full-year sales and revenue of $47.0 billion and a profit per share of $4.18. The loss, Caterpillar says, […]
January 26, 2017
Business
Employers must now use new I-9 Form to verify employment eligibility of new hires
If you are hiring somebody new for your construction company this year, there is now a new and revised Employment Eligibility Verification form (Form I-9) that employers and employees must first fill out. The new form is required as of January 22 and has two parts, one filled out by the employer, the other by […]
January 26, 2017
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June 27, 2025
Roadbuilding
ARTBA report identifies regulatory reforms seen as key to Trump administration
The American Road & Transportation Builders Association (ARTBA) has released a report identifying 20 federal policies and regulations it sees as key for the incoming Trump administration to address in coming years. The association says some of these are “hindering the ability to complete transportation improvement projects efficiently, safely, in a timely manner and in […]
January 18, 2017
Roadbuilding
New ASTM standard on recycling concrete helps boost sustainable construction
According to ASTM International, its new standard on recycling returned fresh concrete, C1798, Specification for Returned Fresh Concrete for Use in a New Batch of Ready-Mixed Concrete, will help manufacturing plants better support sustainable construction practices. Developed by ASTM’s C09 committee on concrete, the new standard covers process, verification, and record-keeping procedures for concrete recycling. “Quite simply, this standard […]
January 18, 2017
Contractor of the Year
R. Brown Construction is built on expert operation through treacherous terrain, natural disasters
There’s no easy way to get to Willow Creek, California, where Roger Brown has been plying his skills as a contractor for more than three decades. Drive north on Interstate 5 until just near the Oregon border—and then hang a left into the some of the deepest woods and steepest mountains in the country. Keep […]
January 9, 2017
Business
Construction loses 3,000 jobs in Dec. but employment remains up from 2015
After reaching an 8-year high in November, employment in the U.S. construction industry fell slightly, losing 3,000 jobs in December. According to preliminary data from the Labor Department, construction now employs 6.699 million Americans. Despite the loss, construction employment remains at its highest point since December 2008 Since this is preliminary data, job data for 2016 likely won’t […]
January 6, 2017
Business
Terex completes sale of MHPS business to Konecranes
Terex has announced that it has completed the sale of its Material Handling and Port Solutions Business to Finnish manufacturer Konecranes. Announced in May 2016, the sale finished at a price of $595 million plus €200 million in cash, and 19.6 million newly issued class B shares representing a 25-percent interest in Konecranes, Terex reports. Terex says […]
January 5, 2017
Business
Construction spending up 0.9% in Nov.
U.S. construction spending rose 0.9 percent in November thanks to gains in both homebuilding and nonresidential projects across the public and private sectors. Spending rose to a seasonally adjusted annual rate of $1.182 trillion and was 4.1 percent above the November 2015 mark, according to preliminary data from the Commerce Department. Private homebuilding spending rose 1 […]
January 5, 2017
Business
AccuWeather Enterprise builds weather forecasts tailored to specific construction jobsites
In construction who hasn’t started out the day nervously watching the sky wondering what those dark clouds would bring? And who hasn’t called off a day of work at dawn only to see the sun break out and conditions grow favorable at 9 a.m.—too late to reassemble the troops? Contractors haven’t had much to go […]
January 2, 2017
Roadbuilding
Former Iowa DOT head Trombino named president of McClure Engineering
Paul Trombino, the former Iowa Department of Transportation director who resigned from that position unexpectedly in November, will take over as president of McClure Engineering Company effective Jan. 3. The company, which was founded in 1956, reports that roughly 80 percent of its civil engineering services last year were in the public sector. Forty percent […]
December 27, 2016
Dealers
INFOGRAPHIC: Compact track loader sales and buyer trends
December 26, 2016
Business
Year in Review: The Biggest Construction Equipment News Stories of 2016
While everyone has their sights on ConExpo in March, it might be easy to overlook what a busy year 2016 turned out to be. Here’s an quick overview, plus a timeline, of what happened in the construction equipment industry last year. Bonus: check out our editors’ quick predictions for 2017 on page 30. (Note: In order to meet […]
December 22, 2016
Business
A construction success story at 30, James MacKay likes “the jobs no one else wants”
When asked to describe how he started in construction, James MacKay laughs. “I got into a little bit a trouble when I was in high school,” he says. His father, a construction veteran, promptly dropped James off at a friend’s paving job…and that contractor, just as promptly, put him on a jackhammer. But rather than […]
December 22, 2016
Roadbuilding
President-elect Trump looking to create task force for infrastructure plans
The Washington Post reports president-elect Donald Trump is looking to form a task force for his infrastructure plans once he takes office. Citing a “person familiar with the initiative,” the Washington Post says the individual to lead the task force would not be “Cabinet level” but still would be integral in working with officials from […]
December 21, 2016
Business
With sale of backhoe line, Terex exits the earthmoving equipment business
Terex is now completely out of the earthmoving business. According to a report from The Construction Index, the company has agreed to sell its UK-based operation where it manufactures backhoes, site dumpers and compact compaction rollers, to Mecalac, a French manufacturer of compact loaders and excavators. The deal, details of which have not yet been announced […]
December 19, 2016
Business
Construction employment, homebuilder confidence hit 8-, 10-year highs
The U.S. construction industry has reached a level of employment not seen since December 2008 as spending remains strong despite a sizable decrease in home starts, according to the latest government data available. According to preliminary data from the Labor Department, the construction industry added 19,000 jobs in November and now employs 6.704 million Americans. […]
December 19, 2016
Roadbuilding
Lori Tiefenthaler becomes first woman to chair ACPA
Lori Tiefenthaler has been named the first woman to chair the American Concrete Pavement Association’s (ACPA) board of directors in the group’s 54-year history. “I am extremely honored to accept this gavel and the responsibility of leading this great association in 2017,” says Tiefenthaler. “As I look back on the 53 chairmen that came before […]
December 19, 2016
Business
LafargeHolcim CEO confirmed as new Chairman of the Cement Sustainability Initiative
During the Cement Sustainability Initiative’s (CSI) annual CEO Meeting in Madrid on Dec. 13, LafargeHolcim CEO Eric Olsen was confirmed as the new Chairman of CSI for 2017. The organization supports the progress of the global cement sector toward sustainable development and helps to unite major cement producers with operations in more than 100 countries. LafargeHolcim is one of […]
December 15, 2016
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