Tag: business: Page 63

Business

Forecast expects global demand for construction equipment to reach $189 billion by 2017

Citing growth in Asia, primarily in China, a new forecast expects global demand for construction equipment to rise at a click of 6 percent per year, reaching $189 billion by 2017. The report, put together by market research firm the Freedonia Group, says the Chinese market “will climb at a double-digit annual rate” while the […]

August 13, 2013

Business

Caterpillar to lay off 125 workers at Indiana Large Engine Center

Due to slumps in demand and earnings in the first half of this year, Caterpillar has confirmed to the Layfayette, Indiana Journal & Courier that it will lay off 125 workers at the Large Engine Center there. The indefinite layoffs will take effect August 26. About 1,800 employees work at the plant. In a statement to […]

August 8, 2013

Business

74 tips for reducing equipment costs (1-10)

One thing I learned long ago was the bottom-line impact of reducing costs.  I don’t mean cutting costs—I mean reducing costs.  There is a significant difference. One brings immediate relief to the bottom-line while the other brings more sustainable results. Over the next several posts, I will share 74 tips to help you reduce costs. […]

July 31, 2013

Business

Caterpillar sees second quarter profits fall 43 percent, cuts outlook

Caterpillar reported $14.621 billion in sales and revenues for the second quarter of this year with $960 million in profit. Both numbers are down significantly from last year due to a slump in mining demand, as they were in the first quarter, and the heavy equipment manufacturer has again cut its outlook for sales and […]

July 25, 2013

Business

Want to boost jobsite productivity? Let your employees set their own hours

Did you know we shouldn’t be working 40-plus hours per week? Apparently, economists of old predicted that, with advances in technology, our workday would be so efficient we would have trouble filling our leisure hours. Ha. Everyone is working longer hours. When they finish at the office, they take more work home. (If you really […]

July 22, 2013

Business

Listening and respect: Building success in the construction industry with 6 management actions (PART 2)

In my first post in this series, I talked about the importance of providing positive reinforcement. Following are the next two management actions to take if you want to build success in the construction industry. Action No. 2: Ask what questions, problems and concerns people have and ask how you can help I believe this is […]

July 19, 2013

Home

Peter Mayr named president of Liebherr Construction Equipment

Peter Mayr has been named the new president of Liebherr Construction Equipment. Mayr has been with Liebherr for 12 years, beginning his career in Austria over the sales and support of Leibherr dozers and crawler loaders sold in Spain. Mayr’s most recent position in the company was managing director of Liebherr-Great Britain Ltd. and Liebherr […]

July 11, 2013

Business

Construction spending up 0.5% in May to nearly 4-year high behind rise in government spending

Spending on construction projects in the U.S. saw a second consecutive month of gains in May, rising 0.5 percent to a nearly four-year high, according to new data released by the U.S. Commerce Department Monday. Spending rose from the revised April figure to a seasonally adjusted annual rate of $875 billion. That mark is 5.4 percent higher […]

July 1, 2013

Success Stories

West Virginia contractor inspires devotion through his own loyalty to others

In today’s fickle world, many are often willing to abandon what they know and like for the latest and greatest, especially when it comes to the job market. Construction is no different; many contractors will tell you half their labor will leave and work for someone else for a seemingly tiny pay increase. That’s one […]

July 1, 2013

Construction Equipment

Financed new equipment unit sales increase 8 percent in May

The number of financed new construction equipment unit sales in May increased 8 percent compared to April, according to Equipment Data Associates. In contrast, used financed sales declined by 9 percent  during May compared to the month before. Top new equipment contractor buyers for the month included a Wisconsin-based pipeline firm buying 65 machines, including […]

June 28, 2013

Construction Equipment

Manitowoc lawsuit against Sany based on counterweight patents to be used in two future cranes

As Sany attempts to offset the dwindling sales the company is seeing in its home country of China by attracting new business here in the U.S., the company’s most aggressive tactic to date has landed it squarely in the sights of a lawsuit from Manitowoc Cranes. The lawsuit, filed June 12 in Wisconsin, is accompanied […]

June 24, 2013

Business

How did Stalco Construction triple its project volume during the recession? Adaptability and marketing.

Kevin Harney started Islandia, New York-based Stalco Construction in 1992 with only $1,700. Fast forward to 2012 and the company made $64 million in revenue and was able to achieve monstrous growth during the recession. Just what kind of growth? Before the 2008 recession, annual project volume at Stalco was $40 million. Now, it’s at […]

June 24, 2013