Tag: business: Page 39

Business

Manitowoc to split into two companies through Foodservice spin-off

Manitowoc has announced that it will split into two, independent and publicly-traded companies. The move will separate the company’s cranes and foodservice businesses through a tax-free spin-0ff of Foodservice. The spin-off is expected to be completed in the first quarter of 2016. “After a comprehensive evaluation, including a thorough review of the current and projected operating […]

January 30, 2015

Business

Antitrust suit alleges Caterpillar, Komatsu and Volvo conspired to bar Chinese construction equipment from U.S. market

International Construction Products has filed an antitrust lawsuit against the three biggest names in construction equipment, accusing them of colluding to limit competition in the U.S. The suit was filed this morning in a U.S. District Court in Wilmington, Delaware, and names Caterpillar, Komatsu America and Volvo Construction Equipment North America as defendants. The suit alleges […]

January 29, 2015

Business

Sales fall again in 4Q as CNH Industrial posts 14% profit decline for 2014 on slumping farm demand

It wasn’t nearly as bad as the third quarter, but the fourth certainly wasn’t much better for CNH Industrial which saw sales declines across all equipment and vehicle segments. Sales for the company, makers of the Case Construction and New Holland equipment brands, fell 10 percent during the quarter to $8.4 billion. Despite the drop […]

January 29, 2015

Business

ACPA forms traffic task force, plans pavement design software initiative

The American Concrete Pavement Association has announced two new initiatives for 2015: The formation of a task force for maintenance of traffic; and plans to explore options for creating a unified pavement design software approach. The maintenance of traffic (MOT) task force will help create “new information on staging construction and maintaining traffic during concrete […]

January 29, 2015

Business

Komatsu profit up 5.5% in 3Q thanks to strong construction equipment sales in North America

Helped by a weakening of the yen against the U.S. dollar as well as increased equipment sales in the Americas and Europe, Komatsu posted gains in both profit and sales during its fiscal third quarter. For the quarter, which ended December 31, net sales increased 6.4 percent over Q3 2013 to $4.2 billion (494 billion yen). […]

January 28, 2015

Business

Vermont Senator introduces $1 trillion infrastructure spending bill

A U.S. senator from Vermont has filed a bill that would designate $1 trillion over the next five years to transportation and infrastructure spending, according to a report from The Hill. Independent Sen. Bernie Sanders calls his bill the “Rebuild America Act,” noting in an op-ed piece also published by The Hill that, “a $1 trillion investment […]

January 28, 2015

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Caterpillar full-year earnings dip with bad 4Q; falling oil prices expected to drag 2015 down even further

For a second consecutive year, Caterpillar sales and profit have fallen. And in addition to the slump in demand for mining equipment that has plagued the company for the last two years, Cat is now contending with falling oil prices, causing the company to forecast another drop in sales for 2015. After ending a disappointing 2013 with […]

January 27, 2015

Business

California contractor sees latest emissions-compliant construction equipment as a competitive advantage

Andrew Allen, president of R. J. Allen Inc, has a different perspective on California Air Resources Board regulations, which require a certain percentage of a contractor’s equipment fleet be compliant with the latest emissions regulations. Allen, one of 12 finalists for the 2015 Contractor of the Year program, sees using Tier 4 Interim and incoming […]

January 26, 2015

Business

Corporate tax code reforms have early bi-partisan support as method for funding long-term highway bill this year

After President Barack Obama made a brief mention of infrastructure funding in his State of the Union address last week, urging Congress to focus on that rather than the Keystone XL pipeline, Vice President Joe Biden has now made his own appeal to lawmakers to fund a long-term highway bill this year. According to a […]

January 26, 2015

Business

John Deere cuts 910 ag factory workers, adds 220 to construction equipment facilities

John Deere announced today that it would layoff 910 employees across five agricultural equipment factories in Iowa and Illinois as the company cuts costs in response to an ongoing global farming slowdown. The heavy equipment manufacturer said it would layoff 565 from three plants in Waterloo, Iowa, as well as 300 in Ankeny, Iowa and 45 […]

January 23, 2015

Business

Four red flags you’re ruining your construction crew’s productivity

“The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint enough to keep from meddling with them while they do it.” –Theodore Roosevelt Conventional wisdom tells us a strong business needs a strong leader. A decisive and dynamic leader is the most […]

January 23, 2015

Business

With December bump, U.S. home builders started 9% more homes in 2014

Despite an up and down year heavily-influenced by apartment construction, home builders in the U.S. began work on more new homes in 2014 than the previous year. During December, starts on both single-family homes and apartments rose 4.4 percent to a rate of 1.043 million, according to preliminary data from the commerce department. The final tally for […]

January 21, 2015