Tag: business: Page 29

Business

Volvo CE reports increased market share despite sales, profit drops in 3Q

Despite continued growth in the North American market, Volvo Construction Equipment sales and profit dipped during the third quarter. The manufacturer saw 11.84 billion SEK in sales ($1.4 billion) during the quarter, down 5.5 percent from Q3 2014. However, even with the lower demand, Volvo says it grew market share among larger machines during the quarter. […]

October 26, 2015

Business

Caterpillar CEO voices confidence in strength of key industries despite 64% profit decline in 3Q

After preparing everyone last month for the likelihood of continued bad news on the financial front with the launch of an extensive cost-cutting plan, Caterpillar has announced another down quarter with double digit decreases to both sales and profit. Cat sales and revenues fell to $11 billion during the third quarter, a decrease of 19 […]

October 23, 2015

Business

Charles Machine Works veteran Kevin Smith tapped as next president of HammerHead Trenchless

A longtime veteran at parent company Charles Machine Works (CMW), Kevin Smith has been named the new president of HammerHead Trenchless. Smith assumes leadership of HammerHead after serving as president of MTI Equipment, also a CMW-owned company. HammerHead primarily offers solutions for the installation, replacement, and maintenance of underground utility pipe and cable, but the […]

October 15, 2015

Business

Construction firms paying their bills earlier the latest indicator of U.S. industry’s strength

Calling the findings evidence of a clear “upswing” in the U.S. construction industry, a U.K.-based credit reporting agency says American construction firms are, on average, paying their bills earlier than they were last time. According to a report from the Wall Street Journal, Creditsafe Inc. assessed roughly 1.7 million U.S. construction firms and found that they […]

October 12, 2015

Workforce

Construction adds 8,000 jobs in September

September brought another positive month to the U.S. construction workforce with an addition of 8,000 jobs. The industry now employs 6.396 million Americans, according to preliminary data from the Labor Department. September marks the sixth consecutive months of job gains for the industry, which has added jobs every month of 2015 save for March, due […]

October 7, 2015

Home

ARTBA honors 5 members with division awards

The American Road and Transportation Builders Association gave division awards to five members at the its national convention on Wednesday. ARTBA announced in a press release that the awards honor members who have made significant contributions to the Contractors, Planning and Design, Materials and Services and Traffic Safety Industry divisions. The Nello L. Teer, Jr. award […]

October 2, 2015

Business

Ditch Witch sees double-digit growth this year as market for 30,000-pound-and-below drills grows

“The utility markets inside the United States are extremely strong, and we’ve seen our sales up by double digits,” said Dennis Wierzbicki, who took the helm of the Ditch Witch brand nine months ago. The primary drivers: home and utility construction. “We see both being very strong though 2016,” Wierzbicki added. “We’re excited about the […]

September 29, 2015

Business

Home starts drop 3% in August; builder confidence still on the rise

U.S. home starts were down in August with decreases in both single-family and apartment homes. The start of construction on new homes fell 3 percent during the month to a seasonally adjusted annual rate of 1.126 million, according to preliminary data from the Commerce Department. The new data also revised the July rate downward, from the […]

September 18, 2015

Business

Economists hail construction as strongest sector of U.S. economy

With construction spending at a 7-year high, single-family home starts up 19 percent year over year, and hiring at pre-recession highs despite a widespread shortage of skilled workers, it’s no secret within the industry that things have picked back up and then some. And though financial analysts have largely taken a wait-and-see approach before hailing the […]

September 16, 2015

Business

Number of construction firms reporting shortage of skilled workers rises to 86%

The construction industry’s shortage of skilled workers has only gotten worse in the last year, according to the latest national survey of firms conducted by the Associated General Contractors of America. Surveying 1,358 contractors, the AGC study found that 86 percent are struggling to fill salaried professional positions and find enough hourly skilled, or craft, […]

September 15, 2015

Roadbuilding

Allan Myers expands with purchase of new assets, including 2 asphalt plants

Heavy civil construction and materials company Allan Myers has expanded their presence in the Northeast with the purchase of new assets in the region. Allan Myers announced in a press release that the company had purchased major assets from Daisy Construction and Edgemoor Materials, including two new hot-mix asphalt plants in Elkton, Maryland, and Wilmington, Delaware. […]

September 11, 2015

Business

Company focused on construction staffing and skills training opens in Alabama

A new company focused on training up skilled construction workers opened its doors recently in Alabama. Wright Way held its ribbon cutting ceremony August 21 in Birmingham. The new company’s emphasis is welding training but the center will work to train up and place students in a number of positions in the construction, maintenance and […]

September 9, 2015