Tag: business: Page 9

Workforce

The upside of construction’s aging workforce

Although much has been made of construction’s aging workforce, most of the emphasis has been on labor. But aging is nothing if not equal opportunity, the most egalitarian force of nature. So aging is not just a labor crew reality, but cuts across your entire organization: office, management, you. With all the angst about replacing […]

October 26, 2017

Roadbuilding

Six states awarded $15.5 million in federal grants to explore new ways to pay for highways

Six states have been awarded $15.5 million in federal grants to explore new ways to fund highway and U.S. bridge projects, which the Federal Highway Administration calls “imperative.” The agency points to the Highway Trust Fund’s “gradual inability to keep pace with increasing construction and repair costs nationwide” as the reason we need alternatives to […]

October 24, 2017

Business

Commercial construction planning drops for fourth month in a row

Planning for nonresidential construction projects continued to lose ground in September for the fourth consecutive month, according to the Dodge Momentum Index. The index declined 8.4 percent from August, with institutional building dropping the most, at 11.5 percent. Commercial building planning fell 6.1 percent. The index measures the initial report for nonresidential building projects being […]

October 9, 2017

Workforce

Construction adds 8,000 jobs in September

The construction industry added 8,000 jobs during September bringing total industry employment to 6.911 million Americans, according to preliminary data from the Labor Department. The September jobs report also brought a revision to the August jobs total. August employment was revised downward from the previously reported 6.918 million jobs to 6.903 million. The change brings what was […]

October 6, 2017

Home

Construction spending up 0.4% in August

U.S. construction spending increased 0.5 percent from July to $1.218 trillion and is up 2.5 percent over the August 2016 total. Total nonresidential spending rose 0.5 percent in August to $692 billion but remains down 3.4 percent from the year-ago total. Top percentage increases were public safety, up 5.7 percent to $8.3 billion; educational, up […]

October 3, 2017

Contractor of the Year

Whaley & Sons’ comeback required rebuilding this family construction co. from the ground up

Matt Whaley had a passion to run equipment from an early age, but had to constantly nag his father to let him to do it. His father, Ken Whaley, wanted his son to one day run the company he started in 1972 – not a bulldozer. Matt’s rise in the company was incremental. He started […]

September 18, 2017

Construction Equipment

Cat exiting “most severe downturn in 90-year history,” targets aftermarket services as key growth area

Between 2012 and 2016, Caterpillar experienced its most severe downturn in its 90-year history, with profits dropping by 40 percent. Now under the leadership of Jim Umpleby, who took over as company president this year, Caterpillar is focused on what it calls its “Operating & Execution” model. “Profitable growth will be at the center of […]

September 15, 2017

Business

Construction spending falls 0.6% in July

A decline in nonresidential brought down total U.S. construction spending in July. Total spending dipped 0.6 percent from June to $1.2 trillion but remains up 1.8 percent over the July 2016 total. Total nonresidential spending dropped 1.7 percent in July to $688 billion but is down 4.3 percent from the year-ago total. Top percentage declines […]

September 6, 2017

Business

Construction adds 28,000 jobs in August

The construction industry added its third largest monthly jobs total of the year in August with a gain of 28,000 jobs. The new jobs bring total U.S. construction employment to 6.918 million Americans, according to preliminary data from the Labor Department. The August jobs report also brought a revision to the July jobs total. July employment […]

September 1, 2017

Business

Mont. construction employee charged with embezzling $218k in rental scheme

A former division head of a Montana construction office has been charged with embezzling $218,000 from the company, according to the Bozeman Daily Chronicle. A sheriff’s investigation alleges that Kirk Hogan, who was the civil division head for Dick Anderson Construction’s Bozeman office, was renting construction equipment he owned to Anderson and pocketing rent on […]

August 31, 2017

Workforce

70% of contractors report hiring difficulties; Harvey’s damage likely to make it worse

Seventy percent of construction contractors in the United State report having a hard time finding hourly craft workers, and more than 35 percent are having a hard time hiring salaried office and field employees, according to a study released August 29 by the Association of General Contractors of America and Autodesk. The latest figure […]

August 29, 2017

Roadbuilding

Cemex supplies concrete for new Route 89 bridge in Arizona

Cemex announced that it supplied the concrete for the new Cameron Bridge, a part of the Route 89 reconstruction project in Arizona. With a span of more than 650 feet, the bridge includes four highway traffic lanes, a pedestrian underpass, and additional concrete flatwork that was done to improve traffic flow and road safety. Cemex […]

August 29, 2017