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Business: Page 96
Business
Adapt or Die: Future of construction will require contractors to embrace technology
Kiewit is known as one of the country’s top construction firms. What is less well known is that they’ve diversified into software development. InEight is the company’s wholly owned subsidiary and offers HD Suite a group of software programs covering the gamut of back office and field solutions for all sizes of companies in the […]
February 10, 2017
Roadbuilding
ACI releases 2017 Manual of Concrete Practice
The American Concrete Institute (ACI) announced the release of the printed and digital editions of its 2017 Manual of Concrete Practice, which contains ACI documents needed to answer any questions about code requirements, specifications, tolerances, concrete proportions, construction methods, evaluation of test results, and many more topics. It also includes the totally reorganized version of ACI 318, Building Code […]
February 9, 2017
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February 1, 2025
Roadbuilding
Bieller named Dynapac Road Construction president, general manager for N.A.
Dynapac Road Construction has named Brian Bieller as president and regional general manager for North America as part of its new company structure. Bieller will oversee all road construction equipment operations in the U.S., Canada, Mexico, Central America and Caribbean. Atlas Copco recently announced its intent to divest the Dynapac group, an announcement followed shortly after by news […]
February 7, 2017
Business
“A betrayal of our community”: Reaction to Cat’s executive move from Peoria to Chicago
The rumors had been rumbling for years, but Cat’s surprise announcement last Tuesday that it would be relocating its global headquarters from Peoria to the Chicago area has generated lots of comments, ranging from accusations of broken promises to “hey, that’s capitalism” shrugs. Although Cat says the move will only involve 300 jobs, and that […]
February 6, 2017
Business
Construction adds 36,000 jobs; home starts end 2016 on strength of multi-family units
The latest data from the federal government indicate increases in both construction employment and the start of construction on new homes. The U.S. construction industry added 36,000 jobs in January and now employs 6.809 million Americans, according to preliminary data from the Labor Department. The figure represents a 2.5-percent increase over the January 2016 employment total […]
February 6, 2017
Business
CNH Industrial 2016 revenues down 4% to $24.9 billion, net loss for the year
CNH Industrial reports $24.9 billion in revenue for 2016, down 4 percent compared to last year, with a net loss of $249 million following a non-tax deductible charge of $551 million following a European Commission settlement and a $60 million charge related to the repurchase of parts of Case New Holland Industrial Inc. Adjusted net […]
February 3, 2017
Business
Year-end report: Construction spending dips slightly in December, shows 4.5 percent year-over-year gains in 2016
U.S. construction spending in December was 0.2 percent below the revised November estimate, yet still 4.2 percent over the December 2015 figures, according to numbers released by the U.S. Census Bureau. Also releasing its year-end numbers, the Bureau places the 2016 value of construction at $1.162 trillion, which is 4.5 percent above the $1.112 trillion […]
February 2, 2017
Business
Volvo Construction Equipment Q4 net global sales increase by 20%; 2016 total down 1%
Releasing its fourth quarter results, Volvo Construction Equipment says it ended the year with a global net sales increase of 20 percent to SEK 13,110 million, due to a “favorable product mix, higher sales volumes, lower costs for credit losses in China and reduced operating expenses.” The announcement was offset, however, by the company’s report […]
February 1, 2017
Roadbuilding
AEM names five ‘Build’ phase finalists of the Infrastructure Vision 2050 Challenge
The Association of Equipment Manufacturers (AEM) has named the five finalists in the “Build” phase of the Infrastructure Vision 2050 Challenge, a competition that offers $150,000 in prizes for “innovative ideas to overhaul the crumbling infrastructure that Americans rely upon to move people, materials, products, services and information.” The “Build” phase, which launched in July […]
February 1, 2017
Business
Caterpillar plans global headquarters move to Chicago
Caterpillar has announced plans to move its worldwide operations to the Chicago area later this year and will no longer build the Peoria headquarters complex as previously announced. The company says a “limited group” of support functions and senior executives, adding up to about 300 employees, will be located in Chicago when the new office […]
January 31, 2017
Business
Contractor of the Year finalist: David Covington
David Covington sees people and the relationships they can develop as a big part of the longevity of his company and a key to good business. But when he first started DECCO Contractors-Paving, he relied on his own personal drive rather than the skills and advice of other people. “I learned on the job,” […]
January 31, 2017
Business
JLG to close manufacturing at Orrville, Ohio plant, shutter two European facilities
JLG Industries, part of the Oshkosh Corporation, plans to shut down the manufacturing lines at its Orrville, Ohio, telehandler plant by Sept. 30 this year, and will move all North American telehandler production to its Pennsylvania sites. It also plans to close the Maasmechelen, Belgium, manufacturing and pre-delivery inspection (PDI) facility within 18 months, and […]
January 30, 2017
Business
Atlas Copco board proposes spinoff company to focus on mining and civil engineering
Atlas Copco’s board of directors has proposed splitting Atlas Copco Group to create a separate company from its Mining and Rock Excavation Technique Business Area and Construction Tools division with the aim of being dedicated to mining and civil engineering customers. This new company would include 12,000 employees from these two business units and would […]
January 27, 2017
Dealers
United Rentals to buy NES Rentals for $965 million, reports flat financials for 2016
United Rentals plans to purchase NES Rentals Holdings II for roughly $965 million in cash, with an expected close of the deal in the second quarter this year, following regulatory clearance and conditions. “The NES agreement satisfies the rigorous strategic, financial and cultural standards we set for acquisitions,” says United Rentals President & CEO Michael […]
January 27, 2017
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
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
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