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Business: Page 99
Business
No Deal: Zoomlion withdraws acquisition offer following Terex MHPS sale to Konecranes
Less than two weeks after Terex walked away from a merger with Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer. After announcing what appeared to a be done deal last fall with Konecranes, Terex officially walked away from the merger earlier this month after receiving an […]
May 31, 2016
Contractor of the Year
Inspired by father, Nebraska contractor built his company into an American Dream
The TCW in TCW Construction stands for “Tony’s Cement Works,” a tribute to the company started by Joe Delgado’s father, Lorenzo (Tony) Delgado. “We use his wheelbarrow logo to this day,” says Delgado, president of the Lincoln, Nebraska firm. In true American dream fashion, however, the son’s company has far eclipsed what his father started. […]
May 30, 2016
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May 9, 2025
Business
IronPlanet taps Ackley, formerly of eBay and Google, as new CMO
A veteran of web and e-commerce development with stints at giants such as Google and eBay on his resume has joined the leadership team at IronPlanet. The online heavy equipment auctioneer has hired Matt Ackley as its new senior vice president and chief marketing officer. In his new role at IronPlanet, Ackley will be in charge of all marketing […]
May 26, 2016
Business
Go Build Tennessee seeks to replenish state’s aging construction workforce
Nearly one year after signing the Go Build Tennessee Act into law, Gov. Bill Haslam last week launched the statewide construction workforce recruiting program the bill will fund. With a stated goal of “inspiring young people to consider a career in the skilled trades,” Go Build Tennessee will receive more than $2 million in funding from excess […]
May 25, 2016
Business
Home starts up in April but down year over year due to multi-family drop
U.S. home starts grew by 6.6 percent during April on gains from both single- and multi-family units, but the year-over-year count is down due to starts on apartments dropping from the April 2015 figure. Total starts increased in April to a seasonally-adjusted annual rate of 1.172 million. That figure is down 1.7 percent from the April 2015 figure. […]
May 24, 2016
Roadbuilding
Got a critical infrastructure project? New Case CE grant to award $25,000 in equipment
As part of the company’s infrastructure funding awareness efforts, Case Construction Equipment has launched a grant that will provide a community with free heavy equipment. Case is encouraging representatives of municipal, county and other local governments to apply for the Dire States Equipment Grant. The winning community will receive $25,000 in free equipment to offset the […]
May 23, 2016
Business
Terex walks away from Konecranes merger to continue talks with Zoomlion
Three months after receiving an acquisition offer from Chinese equipment manufacturer Zoomlion, Terex has announced that it has mutually agreed with Konecranes to terminate plans to merge the two companies. Announced in August 2015, the merger would have placed 60 percent of the new company (to be called Konecranes Terex) in the hands of Terex shareholders, with […]
May 18, 2016
Roadbuilding
ARTBA-TDF graduates 32 construction execs from leadership program
The American Road & Transportation Builders Association Transportation Development Foundation (ARTBA-TDF) recently graduated 32 construction executives from its Industry Leader Development Program (ILDP) held in Washington, D.C. The ILDP occurred during the association’s Federal Issues Program and the Transportation Construction Coalition Fly-In. Program graduates went through what the association describes as an “intensive boot camp” […]
May 16, 2016
Business
With increase in extreme weather, construction industry partners with Obama to work on more resilient building codes
Citing research linking climate change with an increase in extreme weather occurrences and the likelihood of further increases in the future, President Obama recently hosted government agencies and private groups at the White House for a Conference on Resilient Building Codes. The conference, and the declaration of May as National Building Safety Month, occurred as the […]
May 13, 2016
Business
Minn. bill would ease restrictions on construction material, aggregate hauling
Minnesota has laid the groundwork for a significant change in state transportation policy which would benefit everyone from companies to commuters, says Fred Corrigan, executive director of the Aggregate & Ready Mix Association of Minnesota, in a column published by the Mesabi Daily News. Currently, Minnesota businesses that haul construction materials are subject to restrictive […]
May 10, 2016
Business
Construction job gains dip in April as unemployment drops 3 points
Though April’s jobs gain was among the lowest of the U.S. construction’s 13-month-long streak of staving off employment losses, the small increase was coupled with a sizable decrease in the industry’s unemployment rate. Construction added 1,000 jobs in April, bringing the total number of Americans employed in construction to 6.670 million, according to preliminary data from the Labor Department. […]
May 9, 2016
Business
Why this Colorado excavation contractor refuses to call his staff “employees”
Although it’s often said that you can’t please everyone all the time, Bradley Grubaugh says he’s sure going to try. With 35 years of construction experience, Bradley knew a thing or two about how to keep both clients and employees happy when he formed Bradley Excavating in Colorado Springs in 2002. With a scope of […]
May 4, 2016
Business
Construction spending up in March with jump in apartment starts
Mainly due to gains in multi-family residential building, U.S. construction spending rose 0.3 percent in March to a seasonally adjusted annual rate of $1.137 trillion, according to preliminary data from the Commerce Department. Total spending is up 8 percent over the March 2015 total. Residential spending is now up 7.6 percent over its own year-ago […]
May 2, 2016
Business
Home starts fall 9% in March as builder confidence holds steady
With sizable drops on the start of construction of both single-family and multifamily homes in March, total U.S. home starts fell 8.8 percent for the month. The seasonally adjusted annual rate of starts fell to 1.089 million, according to preliminary data from the Commerce Department, but remain up 14.2 percent over the March 2016 figure. Single-family […]
April 19, 2016
Business
Onvia: Pay attention to these top government contracting hotspots
Repairing aging water systems, design-build projects, and industrial and marine projects are three of the 10 fastest growing categories in government contracting, according to an analysis by government bid data provider Onvia. Two other categories mentioned in what Onvia calls the “10 Hotspots in Government Contracting” will also have an indirect impact on contractors: traffic […]
April 7, 2016
Business
Construction spending falls 0.5% in Feb. despite residential gains
Losses in nonresidential construction wiped out gains from homebuilding as total U.S. construction spending fell 0.5 percent in February. Total spending fell to $1.14 trillion for the month but remains up 10.3 percent over the February 2015 mark, according to preliminary data from the Commerce Department. Nonresidential spending fell 1.4 percent during the month to […]
April 5, 2016
Business
Construction adds 27,000 jobs in March
For 12 months now, the U.S. construction industry has not posted a loss in jobs. The industry added 27,000 jobs in the most recent tally for March, bringing the total number of Americans employed in construction to 6.672 million, according to preliminary data from the Labor Department. The latest data also revised February’s total, increasing it from […]
April 4, 2016
Business
Komatsu becomes sole provider to Extreme Sandbox as equipment playground begins nationwide expansion
Komatsu has inked a deal with Minnesota-based heavy equipment playground Extreme Sandbox to become that company’s exclusive sponsor and equipment provider. Komatsu sees the growing company, which allows patrons to operate excavators, dozers, loaders and much more in a 10-acre sandbox, as an opportunity not only to expose more Americans to the Komatsu brand but […]
March 31, 2016
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