Tag: business: Page 30

Business

John Deere to cut 180 workers in response to low demand for equipment

John Deere has announced that it will lay off a combined 180 workers across two Illinois manufacturing facilities. According to a report from the Waterloo Cedar Falls Courier, the company is laying off 150 workers at its East Moline Harvester Works facility and and another 30 workers at its Davenport Works facility. According to the Deere website, […]

September 8, 2015

Business

Construction adds 3,000 jobs in August

Though hiring has certainly slowed over the summer months, the construction industry continued to add new workers rather than lose them in August. Construction added 3,000 new workers during the month and now employs 6.388 million Americans, according to preliminary data from the Labor Department. The new data also revised upward the employment figure for July from the previously […]

September 4, 2015

Business

Construction spending rises 0.7% in July to 7-year high

Construction spending in the U.S. reached its highest mark in seven years in July thanks to major increases from single-family homes and manufacturing facilities. Total spending rose 0.7 percent during the month to $1.083 trillion, a 13.7-percent increase over July 2014 and the highest level since May 2008, according to preliminary data from the Commerce Department. The report also […]

September 1, 2015

Business

In compact track loader’s decade of dominance, 2 things have become clear

Over the past decade, there’s been no bigger machine success story than that of the compact track loader. The revolutionary CTL, first developed by ASV in 1990, has extended the construction season, giving contractors the ability to tackle almost everything a job can sling at them. And contractors have responded by making it the number […]

August 31, 2015

Business

Finning teams up with IronPlanet to sell used Cat equipment globally

Are you not finding the deals you want in your part of the country for good used equipment? Maybe it’s time to look further. Two of the biggest players in the heavy equipment industry inked a deal this week to bring a global presence to the auction market.The largest Caterpillar dealer in the world, Vancouver, […]

August 28, 2015

Business

CNH Industrial cuts 100 workers across 2 plants

CNH Industrial has announced that it will lay off 100 full-time workers across two manufacturing facilities. According to a report from NBC Nebraska, the construction and farm equipment manufacturer will lay off 70 workers at its Grand Island facility. The report says the indefinite layoffs will likely take effect in October. Valley News Live reports […]

August 28, 2015

Business

Caterpillar to lay off another 475 employees

Caterpillar has announced another round of layoffs, this time releasing 475 employees as the company’s cost-cutting efforts in the face of waning demand continue. According to a report from the Peoria Journal Star, the cuts will affect staff in the Customer Services Support Division. The majority of the layoffs, 300, will affect employees in the Peoria area. […]

August 27, 2015

Business

John Deere feels impact of energy slowdown in 3Q as construction equipment sales fall 13%

After a third quarter that brought more severe decreases in sales and profit, John Deere has cut its forecast for the rest of the year as the company now faces slowed demand for construction equipment alongside an existing farming slump. Deere sales fell 20 percent during the quarter to $7.6 billion while profit dropped 40 percent […]

August 21, 2015

Business

Not even Caterpillar can escape Donald Trump’s disses

In perhaps a prime example of just how far Donald Trump will reach to underscore his “Make America Great Again” slogan, the Republican presidential candidate has called out Caterpillar’s recent financial performance as evidence of how far the country has apparently fallen. “People are buying Komatsu tractors instead of Caterpillar tractors. I’m telling you, we’re in […]

August 19, 2015

Business

Home starts up 0.2% in July as single-family gains offset big drop in apartments

A jump in single-family home construction starts offset a big drop for apartments as total U.S. home starts edged slightly upward in July. Construction on new homes rose 0.2 percent in July to a rate of 1.206 million and is up 10.1 percent from July 2014, according to preliminary data from the Commerce Department. Homes […]

August 18, 2015

Business

New survey, hotel developers the latest severe signifiers of construction’s labor shortage

In addition to the industry surveys and anecdotal evidence from states and projects all over the country, you can add two more examples to the group of sources pointing to the shortage of skilled labor impacting the U.S. construction industry. Joining an Associated General Contractors of American survey last fall which found that 83 percent of […]

August 13, 2015

Business

Terex to merge with Finnish manufacturer Konecranes

Cranes and heavy equipment manufacturer Terex will merge with Finnish competitor Konecranes in an all-share deal, the companies announced in a joint release Tuesday. The new company will be called Konecranes Terex and will be based out of Finland. It is expected to bring in $10 billion in revenues and allow both companies to fight […]

August 11, 2015