Tag: business: Page 10

Business

Revenue increases 23% but U.S. Concrete still reports Q2 loss

U.S. Concrete, Inc. reported a net loss of $2.3 million for the second quarter 2017, which is an improvement over the $3.5 million net loss in the second quarter of 2016. Results include recognition of a $15.8 million non-cash derivative related loss resulting from fair value changes in the company’s outstanding warrants and $2.4 million in acquisition-related costs. Loss […]

August 16, 2017

Roadbuilding

Fluor, Lane contracted for privately-funded Texas bullet train, one of the largest civil projects in U.S. history

Texas Central, an investor-owned railroad company, has selected Fluor and The Lane Construction Corporation for the construction planning, cost estimates and other engineering activities of a bullet train linking Houston to the Dallas-Fort Worth metro area. When complete, the train will make the 240-mile trip in 90 minutes with a midway stop in the Brazos […]

August 15, 2017

Business

Construction adds 6,000 jobs in July

The U.S. construction industry added jobs for a third straight month in July, according to preliminary data from the Labor Department. Construction added 6,000 jobs, bringing the industry’s total employment to 6.899 million Americans. The July report also brought revisions to June’s employment figure. June employment was revised downward from the previously reported 6.896 million […]

August 7, 2017

Business

EPA seeks comments on proposed WOTUS rule withdrawal

The U.S. Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers proposed a rule to withdraw the 2015 Waters of the United States (WOTUS) rule that defines what streams, wetlands and other wet areas are controlled by the federal government and subject to the permitting requirements of the Clean Water Act. This is the first […]

August 7, 2017

Business

Nonresidential sends construction spending down 1.3% in June

Decreases in spending on apartment homes and nonresidential projects were the difference in June’s construction spending report, as total U.S. spending fell 1.3 percent to a seasonally adjusted annual rate of $1.205 trillion. Despite the monthly drop, the annual rate remains 1.6 percent above the June 2016 rate. Total residential spending fell 0.3 percent in […]

August 3, 2017

Roadbuilding

Arizona DOT offers Construction Academy Pre-Apprenticeship Training Program

The Arizona Department of Transportation (ADOT) recently began providing training for entry-level positions as flaggers to 31 individuals through its free Construction Academy Pre-Apprenticeship Training Program. The program is offered through the department’s On-The-Job-Training Supportive Services Program, which is part of its Business Engagement and Compliance Office. ADOT says many of the trainees who start […]

July 31, 2017

Business

Cemex gets 10-year lease for vital Port of Redwood City terminal

The Redwood City Port Commission approved a new 10-year-lease for cement, concrete and aggregate maker Cemex‘s 8.2-acre marine terminal in California, with an option to extend the lease for another 10 years, The Daily Journal reports. Cemex has used the terminal to import nearly 4 million metric tons of sand and aggregates from Canada over the […]

July 28, 2017

Dealers

Caterpillar Q2 sales up 9.5%, profit jumps 45%

Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins,” says CEO Jim Umpleby regarding […]

July 25, 2017

Business

Home starts up, builder confidence down with mounting concerns over lumber costs

The start of construction on new homes in the U.S. rose 8.3 percent during the month of June on solid gains from both the single-family and multi-family markets. And though demand for new homes is still strong, builders say the rising cost of materials has them concerned. Home starts rose to a seasonally-adjusted annual rate […]

July 21, 2017

Construction Equipment

Volvo sells its 25% stake in Deutz engines

Volvo has sold off all of its shares in German engine maker Deutz, according to brief announcements released by the companies. Volvo says it sold more than 30 million shares to institutional investors for 1.9 billion Swedish Crowns ($225 million). In June 2012, Volvo increased its shareholding from 6.7 percent to more than 25 percent […]

July 10, 2017

Workforce

Construction adds 16,000 jobs in June

The U.S. construction industry added 16,000 jobs in June, according to preliminary data from the Labor Department. The industry now employs 6.896 million Americans, an increase of 3 percent over the June 2016 figure of 6.690 million. The June report also revised the May employment figure downward from the previously reported 6.881 million to 6.880 million. […]

July 10, 2017

Business

2017 Construction Intern of the Year scholarship applications open Aug. 1

Construction estimating software developer HCSS has announced that it will begin taking applications for its 2017 Construction Intern of the Year scholarship program on August 1. Now in its third year, the Intern of the Year program will award $10,000 to one grand prize winner. Four finalists will each receive a $4,000 scholarship and 12 honorable […]

July 6, 2017