Tag: business: Page 47

Business

CNH Industrial profit up 10% despite sales declines in construction and ag equipment

A slight increase in revenues boosted profit 10 percent at CNH Industrial during the second quarter of the year as sales gains in the company’s powertrain segment offset decreases in both construction and agriculture equipment. CNH, makers of the Case Construction and New Holland equipment brands, saw revenues rise to $8.9 billion, up 0.9 percent from the […]

August 4, 2014

Business

Congressional showdown ends with Senate passing House’s $10.8 billion highway funding patch

The Senate on Thursday passed a 10-month funding bill that will prevent the Highway Trust Fund from going broke until the end of May. The bill was first passed by the House earlier this month, and is now just a presidential signature away from becoming law. The bill’s clearance in Congress comes after a showdown […]

August 1, 2014

Business

Construction adds 22,000 jobs in July; employment now at highest level in more than 5 years

The U.S. construction industry added jobs for a seventh-straight month in July, a streak that has propelled the sector’s employment to its highest level since May 2009. July saw a sizable gain of 22,000 workers bringing the number of Americans employed in construction to 6.041 million, according to preliminary data from the Commerce Department. The […]

August 1, 2014

Business

U.S. construction spending drops 1.8% in June with losses in nonresidential and government projects

Construction spending in the U.S. fell 1.8% in June for the first drop in one year. Construction spending fell to $950 billion in June from the revised May figure of $967.7 billion. Due to the revision of that figure, what was a 0.1-percent increase in May is now an 0.8-percent increase. Total spending is up 5.5 […]

August 1, 2014

Dealers

Quick Data: New and used wheel loader sales trends for August 2014

August 1, 2014

Business

How adding services helped J&S General Contracting grow during the recession

Neither lengthy winters nor a crippling recession slowed down Steve Mueller or Dan Thiel. Instead, they combined their business savvy, passion for the outdoors, honest work ethic and love for their community to create J&S General Contracting in Osceola, Wisconsin.   Getting started Mueller’s first industry experience came when he was 8 years old, mowing […]

August 1, 2014

Business

H&E Equipment Services rental revenues up 18%, equipment sales up 20% in 2Q

Integrated construction equipment distribution and rental firm H&E Equipment Services says its rental revenues increased 18 percent in its second quarter compared with the same time last year due to “strong physical utilization while continuing to expand the fleet” because of high demand. The average time utilization, based on original equipment cost, was up almost […]

August 1, 2014

Business

Senate passes highway bill with reduced funding; sends vote back to House with pressure for long-term solution

On Tuesday the Senate voted to pass a bill that would stave off the looming insolvency of the Highway Trust Fund (HTF) after making key changes to the legislation that will send it right back to the House for another vote. The HTF is the primary source of federal funding for road construction and repairs. The […]

July 30, 2014

Business

Komatsu sees slight boost in sales and profit during 1Q

Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]

July 29, 2014

Business

Terex sees big profit increase as AWP and MHPS segments boost sales

In its latest earnings report, Terex announced increases in both sales and profit during the second quarter of the year. The company’s net sales increased to $2.05 billion, up 10.4 percent from the second quarter of 2013 again mainly due to strong performances from the company’s Aerial Work Platform and Material Handling and Port Solutions (MHPS) […]

July 25, 2014

Business

Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast

Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit during the second quarter. The company today announced profits of $999 million, or $1.57 per share, for the second quarter ending June 30. That’s up 4 percent from the $960 million earned during the same […]

July 24, 2014

Business

In wake of safety manager’s death, California construction company continues to pay his salary; coworkers raise $120k to support family

A construction company in Milpitas, California is honoring a former employee by making sure his family is well taken care of after a tragic accident took his life more than five months ago. Lindsey Van Why, a 42-year-old husband and father to two young boys, was killed in a skiing accident on February 14 in […]

July 24, 2014