Tag: business: Page 34

Workforce

Construction industry roars back from down March, adds 45,000 jobs in April

Following the first job loss for the industry in more than a year in March, the construction industry made up for the decrease and then some with a big April for employment. According to preliminary data from the Labor Department, U.S. construction firms added 45,000 jobs in April. The industry now employs 6.383 million Americans. The new data […]

May 8, 2015

Business

Caterpillar to lay off another 150 workers at Illinois mining plant

Caterpillar has announced a second round of layoffs at its Decatur, Illinois facility. Following a January 19 round of cuts that laid off more than 200 workers across the Decatur and East Peoria plants, Caterpillar has confirmed plans to lay off an additional 150 workers in Decatur where the company manufactures products for the mining industry. The […]

May 8, 2015

Business

Ritchie Bros. names Terry Dolan president of U.S., Latin America business

A 15-year veteran of the industrial sector backed by strong experience with construction, mining and agriculture, Terry Dolan has been announced as Ritchie Bros. Auctioneers’ next U.S./Latin America president. Dolan leaves Global Commercial and Industrial Products’ Generac division where he served as executive vice president for four years. According to the Ritchie Bros. announcement, during his time […]

May 8, 2015

Dealers

Caterpillar invests in, adds dealer inventory to Yard Club, an online contractor-to-contractor equipment rental service

Most contractors outside of San Francisco have likely never heard of Yard Club. But thanks to an investment from and substantial partnership with Caterpillar, that’s about to change. Caterpillar announced today that it has entered into an agreement that will greatly expand the startup equipment rental service, founded in 2013. Much in the same way […]

May 7, 2015

Business

Construction spending falls 0.6% in March with lone gains in nonresidential

With decreases across all sectors save for private nonresidential, U.S. construction spending fell 0.6 percent in March to a seasonally adjusted annual rate of $966.5 billion, according to preliminary estimates from the Commerce Department. Spending remained 2 percent above the March 2014 level. Total residential spending fell 1.6 percent to a rate of $354.7 billion and […]

May 5, 2015

Business

Terex sales drop 9% as 1Q results in a loss

In its earnings report for fiscal year 2014 in which the company reported a big 27-percent profit increase, Terex cautioned investors that it expected a drop in sales during a more challenging 2015. The change is already taking hold. During the first quarter of 2015, the company reports a 9-percent drop in sales to $1.5 […]

May 4, 2015

Business

Material Tracker site matches contractors for receiving construction materials or dumping excess

In its sales pitch, Material Tracker makes a scary-good point: “Unknowingly, you may have driven past a dump site that could help save time, fuel costs and make more money.” Having too much or too little material on construction sites has just been a harsh reality of the business. Now, it’s just one more cost the […]

May 1, 2015

Business

IronPlanet taps former Army Lt. Col. to head GovPlanet military, government equipment auctions

IronPlanet has gained quite a bit of momentum in the last year with a few big deals and two new site launches. The online equipment marketplace continued its march forward today with the announcement of its third hire in the last two months. The company has named Jeff Holmes as vice president of its Government Solutions. The 20-year […]

April 29, 2015

Business

Volvo CE sees demand in China cut in half, profit plunges 46% in 1Q

Citing weak demand in China, where sales have been cut in half, Volvo Construction Equipment reported a drop in revenues and a plunge in profit for the first quarter of 2015. For the quarter, which ended March 31, total sales at Volvo CE fell 5 percent to 12.7 billion SEK ($1.5 billion). A major drop […]

April 28, 2015

Business

Despite uptick in sales, Komatsu sees fiscal year 2014 profit fall 3.5%

Increased sales in developed countries combined with the depreciation of the Japanese yen against the dollar were able to boost Komatsu’s sales numbers in fiscal year 2014, but not enough to stave off a dip in profit. According to the company’s earnings report for fiscal year 2014, ending March 31, net sales increased 1.3 percent […]

April 27, 2015

Business

Caterpillar beats estimates, boosts profit 20% in 1Q despite dip in sales

Caterpillar delivered very good news for shareholders in its first quarter earnings report, with a big profit increase and an improved outlook for the rest of the year. The company reported a 20-percent boost in profit over Q1 2014 to $1.1 billion, or $1.81 per share. This was despite a 4-percent sales and revenues drop to $12.7 […]

April 24, 2015

Business

Volvo’s Terex Trucks continues down path, offering a “standard, core rugged feature set”

Terex Trucks, a division of Volvo Construction Equipment since its acquisition from Terex last summer, is continuing down the path of offering both rigid-frame and articulated hauler off-highway trucks, according to Sam Wyant, global director sales and marketing, in an interview with Equipment World during the first day of Intermat. “Volvo bought this company as […]

April 21, 2015