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Business: Page 95
Dealers
Business Roundup: More Cat layoffs; Equipment makers tell Trump ‘just say no’ to tariffs; CNH Industrial CEO to step down; AEM elects directors; Minnich honors top dealers
Minnich Manufacturing honors top dealers of 2017 Minnich Manufacturing, a leading manufacturer of concrete dowel pin drills, concrete vibrators and vibrator monitoring systems, has announced its top dealers of 2017 according to sales performance. The announcement were made in conjunction with Minnich celebrating its 50th anniversary in 2018, The company is based in Mansfield, Ohio. To read […]
March 26, 2018
Business
Family unity and taking the big risks bring long-term success to La.’s HD Truck & Tractor
In 1972, Hiram DuRousseau Sr. decided he wanted more out of life. He bought a tractor, bush hog and box blade. “You can’t go wrong cutting grass,” says the family patriarch. Both Hiram Sr. and his wife, Jeanette, already had jobs. He was a plant shift worker, she worked at AT&T. But both used their […]
March 23, 2018
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February 1, 2026
Dealers
CCI: More contractors plan to buy equipment as confidence continues
The commercial construction industry has continued its optimism from 2017 into 2018, with increases in new business prospects, rising revenue forecasts and steady backlogs, according to the Commercial Construction Index. And for the third consecutive quarter, a higher percentage of contractors report that they expect to spend more on tools and equipment in the next […]
March 8, 2018
Business
Colorado’s Solid Earth Civil Constructors named 2018 Contractor of the Year
Solid Earth Civil Constructors Owners: Don and Rae Peters Location: Pueblo, Colorado Annual revenues: $3- to $5-million Years in construction: 36 Year company founded: 1996 Number of employees: 15 Type of work: Heavy civil and concrete A landscaping design/build company that grew into a heavy civil and concrete construction firm took top honors in […]
March 5, 2018
Business
Construction spending flat in Jan. as nonresidential wipes out housing gains
U.S. construction spending was flat in January as a dip in nonresidential spending wiped out a slight increase from home construction. At a seasonally adjusted annual rate of $1.26 trillion, total U.S. construction spending remains 3.2 percent above the January 2017 rate, according to the Commerce Department. Spending from private homebuilders, which includes renovations and […]
March 1, 2018
Dealers
Construction execs predict 2018 could be ‘best year ever’; most dealers expect equipment sales to increase
New survey’s key insights: Net profits — The industry is feeling increasingly positive about net profits. A whopping 92 percent of respondents said their net profits will remain the same or increase over 2017. Equipment sales —Distributors feel upbeat about the market and expect to see increases in new and used equipment sales. Equipment rentals […]
February 28, 2018
Business
Jan. construction starts slip 2%, pulled by 18% nonbuilding construction dip
Following December’s 13-percent hike, the value of new construction starts in January slipped 2 percent to a seasonally adjusted annual rate of $725.9 billion, according to Dodge Data & Analytics. In addition, the Dodge Index for January was 154, compared to December’s revised 156 and November’s 138. There were several contrasts to the December results. […]
February 22, 2018
Business
In wake of father’s death, a son takes family construction business to new heights
To say that Richard Preston grew up in the construction business is an understatement. “I was always on the jobsite with my dad,” Richard says. “As early as elementary school he would have me straightening things up.” As Richard grew older, his responsibilities at Preston Construction increased, including superintending jobs in his parents’ brief absences […]
February 21, 2018
Business
Home starts kick off 2018 with 7.3% jump
The start of construction on new homes in the U.S. rose 7.3 percent in January to a seasonally adjusted annual rate of 1.326 million homes. The jump in starts more than makes up for the 7-percent drop seen in home starts at the end of 2017 where the rate of construction fell from 1.299 million […]
February 20, 2018
Business
Construction adds 36,000 jobs in Jan.; 2017 spending up 2.6%
The U.S. construction industry began 2018 with a bang, adding 36,000 jobs in January. Total industry employment increased for the fifth consecutive month in January and now stands at a seasonally adjusted annual rate of nearly 7.1 million workers, according to the Labor Department. The January total is 3 percent higher than the January 2017 […]
February 7, 2018
Roadbuilding
NAPA/FHWA survey finds RAP one of top recycled materials of 2016
The latest survey conducted by the National Asphalt Pavement Association (NAPA) and the Federal Highway Administration (FHWA) found that reclaimed asphalt pavement (RAP) and recycled asphalt shingles (RAS) were the top recycled materials in 2016. According to NAPA, the report found that more than 31 percent of all asphalt pavement mixtures produced in 2016 used […]
February 6, 2018
Business
American Concrete Institute presents awards during World of Concrete
The American Concrete Institute (ACI) presented its ACI Construction Award and ACI Certification Awards during the World of Concrete in Las Vegas on January 24. The following people were recognized: Brian P. Cresenzi, Materials Engineer, HNTB Corp., received the ACI Construction Award for the discussion of concrete production and concrete quality organization, as well as […]
February 1, 2018
Business
Brooks leads National Association of Women in Construction
The new executive vice president of the National Association of Women in Construction has hit the ground running. Since joining the organization in September, Beth Brooks “has begun to realign staff and has assessed ways to better serve our members, renew partnerships and increase our national sponsorships,” says NAWIC President Catherine Schoenenberger. Brooks comes to […]
January 31, 2018
Business
PCA economist: Construction economy is good, but Trump’s infrastructure proposals will take time to show benefit
It’s no mirage. “No matter how you look at it, the near-term economy is in good shape,” says Ed Sullivan, senior vice president and chief economist at the Portland Cement Association. Even better, there’s at least a couple more years of strong economic growth ahead, he says. After 2020 the picture is still good, but […]
January 30, 2018
Business
Fifth-generation construction family prevails with hard work, community spirit and Texas attitude
If you can’t work hard, you won’t last long in Texas. It’s just part of the culture, and something the world saw this summer when Hurricane Harvey dumped 5 feet of rain along the Texas Gulf Coast. Just east of Beaumont, KAT Excavation and Construction was swamped by that deluge. Flooded shop and offices. Water […]
January 22, 2018
Roadbuilding
Concrete Control: Uniformity in pavement mixes begins with proper aggregate management
Concrete mixtures for paving present unique challenges, primarily because most pavement designs require the mix to stand up, particularly at the edges and back of the paver. Thus, it’s critical for the mix to have the correct proportions of the three main components: cement, water and aggregate. The aggregate is the biggest part of a […]
January 19, 2018
Business
Chicago-based construction firm celebrating 120th year
The Walsh Group traces its beginnings back 120 years when Matthew Myles Walsh started a carpentry business out of his home in Chicago in 1898. Since then, the company has grown to more than 8,000 employees with 18 regional offices. It is a multi-billion-dollar business and ranked the 11th-largest construction firm in the United States, […]
January 18, 2018
Business
How an insurance rating could unfairly cost contractors jobs
A complicated calculation for determining workers compensation premiums has evolved into a do-or-die benchmark on whether contractors are qualified to bid on many jobs, and some say that’s not fair, especially for smaller contractors. It’s called the experience modification rate (EMR), and it’s based on previous workers comp claims versus payroll and other factors. The […]
January 17, 2018
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