Tag: business: Page 67

Business

Father and sons team up for growth and diversity at R.L. Caudill Construction

Stuart Caudill, owner of R.L. Caudill Construction,  Owingsville, Kentucky, and his brothers Robert and Shannon learned to operate equipment from their dad, Robert L., when they were barely old enough to reach the pedals. They also inherited a tenacious work ethic, the kind of daily get-it-done mentality that provoked one of their operators to say: […]

March 27, 2013

Construction Equipment

Financed equipment volume down 6% in February

Overall new business volume in heavy equipment financing was down 6 percent annually to $4.7 billion in February, according to the latest data from the Equipment Leasing and Finance Association. The ELFA’s Monthly Leasing and Finance Index reports activity from 25 companies and showed a month-over-month decrease in new volume of 20 percent from January. Year […]

March 26, 2013

Business

Caterpillar opens 24th Chinese factory

Again underlining that success in China “is an important part” of the company’s long-term strategy, Caterpillar announced that it has opened its 24th factory in China as the company continues to expand its presence in the country. The new, nearly 23,000-square-meter facility in Wuxi, China produces axles, transmissions and final drives “for use in a […]

March 26, 2013

Business

Smart, skilled class of contractors necessary to navigate worst recovery in modern history

In this era of partisan news both sides will spin any facts any way to make their side look better. So getting any kind of macro-level read on the real state of the economy is difficult if not impossible. But from what I’ve seen with my own two eyes and heard with my own two […]

March 26, 2013

Business

Caterpillar global dealer sales down 13 percent

According to recent SEC filing, Caterpillar reported that its global dealer sales dropped 13 percent in the three month period ending in February when compared to the same period last year. The Asia/Pacific region dealt much of the blow with sales there down 26 percent during that time period. Here in North America, the company’s […]

March 22, 2013

Business

Recession-weary Ala. construction firm auctions $26 million in earthmoving equipment

Tomorrow, one of the largest auctions of construction equipment in the state of Alabama’s history will be held in Tuscaloosa, where struggling Racon Inc. will sell off $26 million worth of machines. In all, 675 pieces of equipment will be auctioned off including 300 to 350 earthmoving machines and 45 pickup trucks. You can view […]

March 19, 2013

Home

All-American-made homes would provide economic boost, but are they feasible?

Is it possible to build a home from 100 percent American materials? That’s the question Anders and Jake Lewendal decided to try and find out with a recent build, as chronicled by Builder. Anders Lewendal Construction Inc., a custom builder based out of Bozeman, Montana, set out to build a home made completely of materials […]

March 18, 2013

Workforce

Maryland light rail projects expected to create 7,000 construction jobs

Two Baltimore light rail projects are expected to create nearly 7,000 construction jobs in the area and state officials are rushing to prepare the state’s workforce. The Baltimore Purple and Red Line light rail systems, estimated to cost $2.15 billion and $2.5 billion respectively, will create jobs for "equipment operators, electricians, cement and brickmasons, carpenters […]

March 18, 2013

Business

Construction companies, AGC lobby Congress to spare programs from sequester cuts

With an estimated $4 billion in federal construction projects in jeopardy due to the sequestration cuts that took effect March 1, construction companies have begun lobbying the government to spare their projects, the New York Times reports. The Associated General Contractors of America has flooded Congress with e-mails and letters protesting the cuts. The sequester […]

March 14, 2013

Business

Sany taps Dallas-Forth Worth’s Landmark Equipment as first Texas excavator dealer

Sany has named its first Texas excavator dealer. Landmark Equipment has been selected as the Sany America excavator dealer for the greater Dallas-Fort Worth area. Landmark was founded in 1989 by Mike Lyle and has four Dallas-Fort Worth area locations: Irving, Fort Worth, McKinney and Waxahachie. Landmark sells, rents and services heavy equipment, including excavators, backhoes, […]

March 14, 2013

Business

Astec Industries taps Benjamin G. Brock to succeed father as CEO

Astec Industries announced that it will tap Benjamin G. Brock as the company’s next CEO and President. Brock is the son of Dr. J. Don Brock, the current CEO. J. Don Brock will continue to serve as the Executive Chairman of Astec’s board of directors. Meanwhile, Richard J. Dorris will become the company’s Chief Operating […]

March 12, 2013

Business

Contractors, equipment dealers optimistic about construction activity, rental fleet growth

The latest round of the Wells Fargo Equipment Finance Construction Optimism Quotient registered at a 106, indicating that contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2013. The Optimism Quotient is a piece of the Wells Fargo 2013 Construction Industry forecast used to gauge contractors and equipment distributors’ feeling […]

March 11, 2013