Economic trends: Page 6

Roadbuilding
Nonresidential construction spending falls 1.6 percent in February
Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.,Total nonresidential construction spending fell 1.6 percent in February to a seasonally adjusted annual rate of $555.4 billion, according to the April 2 report by the United States Census Bureau. However, total nonresidential construction spending is up 6.4 percent from one year ago.
May 21, 2012
Roadbuilding
Ritchie Bros. completes AssetNation acquisition
Ritchie Bros. Auctioneers has successfully completed the acquisition of AssetNation, an online marketplace and solutions provider for surplus and salvage assets. Ritchie Bros. says it intends to continue to grow AssetNationā€˜s core business as well as to leverage its e-commerce expertise and technology platform to develop and launch unique new services for equipment owners whose [ā€¦]
May 16, 2012
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Roadbuilding
Deere 2012 Q2 earnings $1.056B
Deere & Co. reports that its second-quarter net income was was $1.056 billion, or $2.61 per share, for the second quarter ended April 30, compared with $904.3 million, or $2.12 per share, for the same period last year. For the first six months of the year, net income attributable to Deere & Co. was $1.589 [ā€¦]
May 16, 2012
Roadbuilding
Transportation bill must be inflation-adjusted
The American Road & Transportation Builders Association (ARTBA) sent a letter to conferees for the reauthorization of a highway bill saying ā€œit is one of the most proactive steps Congress can take to help boost the U.S. economyā€ after enduring more than 30 months of temporary extensions. The funding uncertainty has ā€œstifled lettings of a [ā€¦]
May 8, 2012
Roadbuilding
DOT gives states $20M for natural disaster repair
The DOT is giving Alabama, Oregon and South Carolina money to help cover costs of repairing roads and bridges damaged by disasters.
May 8, 2012
Roadbuilding
Good news, bad news on construction employment front
The construction industry lost 2,000 jobs in April, following similar declines of 3,000 in March and 1,000 in February, but still added 63,000 jobs over the past year as the industry unemployment rate shrank to 14.5 percentā€”the lowest April level in four years, according to an analysis of new federal employment data released today by [ā€¦]
May 7, 2012
Roadbuilding
Ritchie Bros. Q1 net earnings at $18 million
Ritchie Bros. Auctioneers announces net earnings and adjusted net earnings for the three months ended March 31,Ā 2012 of $18.0 million, or $0.17 per diluted share. This compares to adjusted net earnings of $13.6 million, or $0.13 per diluted share, for the three months ended March 31, 2011, representing a 32-percent increase in adjusted net earnings. [ā€¦]
May 3, 2012
Roadbuilding
27 airports in PA getting $12.6 million investment
Twenty-seven airports across Pennsylvania will improve facilities and enhance safety with a $12.6 million investment of federal and state funds, Pennsylvania Gov. Tom Corbett announced on May 1.
May 3, 2012
Roadbuilding
MDU Resources Group reports Q1 earnings of $42.8 million
MDU Resources Group on April 30 reported first quarter consolidated earnings of $35.6 million, or 19 cents per common share, compared to $42.8 million, or 23 cents per common share for the first quarter of 2011. First quarter 2011 earnings include the effect of an approximate $4 million benefit related to the favorable resolution of [ā€¦]
April 30, 2012
Roadbuilding
House passes 90-day transportation extension, motion for conference could come today
The U.S. House of Representatives passed a 90-day extension of the surface transportation program (from June 30 to Sept. 30) at current funding levels by a vote of 293 to127 on April 18, setting the table for a conference with the Senate on a multi-year surface transportation reauthorization bill, according to an eDigest & Washington [ā€¦]
April 25, 2012
Roadbuilding
Take Two: House passes another SAFETEA-LU extension
The House of Representatives passed the Surface Transportation Extension Act of 2012, Part II, on April 18 by a vote of 293 to 127. Included in the extension is language to transfer the authority to approve the Keystone XL pipeline project from the Department of State to the Federal Energy Regulatory Commission (FERC). Under the [ā€¦]
April 18, 2012
Roadbuilding
Construction industry loses 7,000 jobs in March
The Associated Builders and Contractors (ABC) reports that construction industry lost 7,000 jobs in March, inching the unemployment rate up to 17.2 percent from 17.1 percent in February, according to the April 6 Department of Labor employment report. Year over year, construction industry unemployment is down compared to the March 2011 rate of 20 percent. [ā€¦]
April 6, 2012
Roadbuilding
TIGER grant request at $10.2 billion, surpasses available funding
An ā€œoverwhelming demandā€ for Transportation Investment Generating Economic Recovery (TIGER) grants has far surpassed available funding, with applications to the U.S. Department of Transportation for TIGER 2012 grants totaling $10.2 billion, U.S. Transportation Secretary Ray LaHood announced on April 5. This number of applications ā€œfar exceeding the $500 million set aside for the program.ā€Ā  The [ā€¦]
April 5, 2012
Roadbuilding
TRIP releasing report of top 40 surface transportation projects in MD
A new report, ā€œThe Top 40 Surface Transportation Projects to Support Economic Growth and Quality of Life in Maryland,ā€ will be released by TRIP at a news conference in Baltimore at 11 a.m. ET April 4. TRIP says the most needed surface transportation improvements in Maryland include projects to build, expand or modernize the stateā€™s [ā€¦]
April 3, 2012
Roadbuilding
Equipment finance market confidence up to index of 61.7
The Equipment Leasing & Finance Foundation released the March 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on March 23. According to the report, overall, confidence in the equipment finance market is 61.7, up from the February index of 59.6, indicating industry participants are optimistic despite concerns that external factors, including gas prices [ā€¦]
March 26, 2012
Roadbuilding
New Jersey DOT awards $78.6 million for transportation, safety projects
The Christie Administration on March 23 announced 387 Local Aid program grants totaling $78.4 million, "enabling 376 cities and towns across the state to advance street improvement, rehabilitation and safety projects without burdening local property taxpayers," according to a press release from the New Jersey Department of Transportation (NJDOT).,The Christie Administration on March 23 announced 387 Local Aid program grants totaling $78.4 million, "enabling 376 cities and towns across the state to advance street improvement, rehabilitation and safety projects without burdening local property taxpayers," according to a press release from the New Jersey Department of Transportation (NJDOT).,The Christie Administration on March 23 announced 387 Local Aid program grants totaling $78.4 million, "enabling 376 cities and towns across the state to advance street improvement, rehabilitation and safety projects without burdening local property taxpayers," according to a press release from the New Jersey Department of Transportation (NJDOT).,The Christie Administration on March 23 announced 387 Local Aid program grants totaling $78.4 million, "enabling 376 cities and towns across the state to advance street improvement, rehabilitation and safety projects without burdening local property taxpayers," according to a press release from the New Jersey Department of Transportation (NJDOT).,The Christie Administration on March 23 announced 387 Local Aid program grants totaling $78.4 million, "enabling 376 cities and towns across the state to advance street improvement, rehabilitation and safety projects without burdening local property taxpayers," according to a press release from the New Jersey Department of Transportation (NJDOT).,The Christie Administration on March 23 announced 387 Local Aid program grants totaling $78.4 million, "enabling 376 cities and towns across the state to advance street improvement, rehabilitation and safety projects without burdening local property taxpayers," according to a press release from the New Jersey Department of Transportation (NJDOT).
March 23, 2012
Roadbuilding
Conexpo-Con/AGG 2014
Event: Start Date: 03/04/14 End Date: 03/08/14 Phone: (800) 867-6060 Web: www.conexpoconagg.com
March 21, 2012
Roadbuilding
Granite Construction named as one ā€˜Worldā€™s Most Ethical Companiesā€™
Granite Construction Inc. has been recognized by the Ethisphere Institute as one of the 2012 Worldā€™s Most Ethical Companies. Granite says it made the list by setting the industry standard for its commitment to bettering the communities in which it works, promoting sustainable business practices, and setting the highest levels of ethical behavior in the [ā€¦]
March 21, 2012
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