Tag: construction: Page 162

Business

Construction spending jumps 10% to 8-year high in 2015

Gains in homebuilding edged out losses in nonresidential spending, propelling total U.S. construction spending to an eight-year high in December. Total spending rose 0.1 percent during the month to $1.1 trillion, according to preliminary data from the Commerce Department. The total represents a 10.5-percent jump 2014 total and the largest amount of activity in the industry since […]

February 2, 2016

Roadbuilding

Minnesota road worker killed after being struck by SUV while clearing snow from road

A Minnesota worker died days after being struck by a vehicle while he was clearing snow from a road in Bloomington. According to KMSP, Bloomington Public Works Dept. employee Tyler Lenort was taken off of life support on Saturday and died soon after, two days removed from being hit by an SUV. Lenort had been clearing up snow near […]

February 2, 2016

Technology

Terex to light up equipment with ORBCOMM telematics

Terex Materials Processing, a division of Terex Corporation, announced that it will begin offering an ORBCOMM telematics solution on Powerscreen and Terex Finlay machines. The telematics system will be offered as standard equipment on Terex crushers initially, but will be expanded to the screeners as well, says Christian Allred, ORBCOMM’s general manager and senior vice […]

February 1, 2016

Roadbuilding

South Carolina proposes $725 million plan to widen Interstate 27

The South Carolina Department of Transportation wants to upgrade sections of Interstate 26, but it’s not going to be cheap. The department announced proposals for two new widening projects for the interstate—one located in Newberry, Lexington and Richland Counties and the other in Charleston County. The former is estimated to cost more than $241 million, while the […]

January 29, 2016

Business

Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Despite slashing its sales outlook in tandem with an October announcement of a sweeping cost reduction plan, Caterpillar’s full-year sales still fell below that most recent forecast after sales fell $3 billion year over year in the fourth quarter. The company reported 4Q sales and revenues of $11 billion, down 23 percent from the same quarter in 2014. Cat […]

January 28, 2016

Roadbuilding

Texas DOT pleased with initial iPad testing for inspections

Inspectors for the Texas Department of Transportation might soon have a new tool that could make their jobs a little easier. TxDOT has been testing out equipping each of the state’s roughly 1,100 inspectors with tablets loaded with software tailored for their work. According to the Houston Chronicle, the new tablets could help save time and money for the department […]

January 28, 2016

Technology

AI, robotics expected to claim nearly 500,000 construction jobs by 2020

An estimated 5.1 million jobs are expected to be lost in the next five years due to advances in technology, specifically those in artificial intelligence, machine-learning, 3D printing and robotics, according to a report from the World Economic Forum. Of those job losses, construction and extraction are anticipated to account for nearly 10 percent. The […]

January 25, 2016

Workforce

SCE&G working with schools statewide to fill 1,000 construction positions for new reactors

South Carolina Energy & Gas (SCE&G) will hire 1,000 workers over the course of this year as part of a large, ongoing project for two new nuclear reactors. According to a report from the Aiken Standard, SCE&G currently has 3,500 workers employed in Jenkinsville at the company’s VC Summer plant for construction of the reactors. The company […]

January 25, 2016

Business

December dip in home starts doesn’t derail market’s momentum, but concerns remain

Despite ending the year on an unexpected sour note, the U.S. housing market had its best year since 2007 in 2015. According to preliminary data released from the Commerce Department, U.S. home starts fell 2.5 percent in December to 1.149 million. The dip came as a surprise to industry analysts especially after a strong Novemeber […]

January 21, 2016

Workforce

Aging U.S. workforce carries both benefits and liabilities for construction companies

Many factors have caused older workers to remain on the job longer and the trend is only expected to increase. This change in demographics has several different effects on workplace safety trends. About one-quarter of all workers are expected to be 55 or older by 2022, according to Mitra Toossi, an economist with the Bureau […]

January 20, 2016

Roadbuilding

Man dies in Illinois construction zone crash

A man in Illinois died over the weekend after he hit a semi truck trailer parked in a road construction zone. According to the Daily Herald, David Bozowski was driving his car through a construction zone on an off ramp on Interstate 290 in Itasca, Illinois, when he struck the trailer parked on the left shoulder […]

January 20, 2016

Home

Rams’ move to LA will bring luxurious stadium, 22k construction jobs

With the National Football League agreeing to allow the St. Louis Rams to move to Los Angeles, the team is bringing a new stadium and thousands of jobs back to its original home, which it left after the 1994 season. According to the Sporting News, the $2.5 billion stadium will house 70,250 seats and as […]

January 19, 2016