Tag: industry: Page 3

Business

Time management, new strategies key to success in post-recession construction industry

Lately we’ve been hearing the recession is finally over. Whether you agree or not, some negative lingering effects have already begun. One of the most visible and immediate impacts is the uptick in workloads from the top down. Many construction companies out there are now dealing with smaller staffs, more work and less time. And […]

February 28, 2013

Business

Ritchie Bros. sees increased auction earnings, big boosts online in 2012

Ritchie Bros. Auctioneers announced today that it brought in net earnings of $82.6 million in 2012, a 12 percent increase from adjusted earnings in 2011. The company notes that without its purchase of AssetNation, which it used to build its new EquipmentOne equipment sales website, net earnings would have been an improvement of 17 percent. […]

February 26, 2013

Business

Ritchie Bros. president sees turnaround for construction; unsure on value of Tier 4

The Ritchie Bros. equipment auction is in full swing here in Kissimmee, Florida, and given the robust nature of the sales company, President Rob Mackay sees things getting better for the future of the construction economy. The company saw its sales increase worldwide to $3.9 billion last year and Mackay says recent auctions in Houston, […]

February 21, 2013

Workforce

Economists forecast housing-fueled construction job growth

Goldman Sachs economists recently forecasted a housing recovery-fueled increase to the pace of added jobs each month to between 25,000 and 30,000, CNBC reported. In 2012 that pace averaged out at 14,000 per month. Due to the 1.5 million jobs lost in residential construction between 2006 and 2011, the economists warn that even with the […]

February 20, 2013

Business

Following four-year high, U.S. housing starts drop 8.5% in January

After surging to a four-year high in December, much of the momentum in housing starts was lost in January though things remain markedly better than they were at the same point in 2012, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 890,000 […]

February 20, 2013

Business

Komatsu forecasts rebound of demand in China

Despite having seen sales in China fall for seven consecutive quarters, Komatsu President Kunio Noji told Bloomberg the company expects Chinese demand to increase between 5 and 10 percent in 2013. “Our company will see an immediate earnings improvement once demand recovers because we don’t have any excess stockpiles and are able to speed production,” […]

February 18, 2013

Business

Caterpillar CEO: Growth, immigration and tax code reforms key to job creation in U.S.

After receiving a mention during President Barack Obama’s State of the Union address, Caterpillar’s CEO Doug Olberhelman was invited to share his thoughts on the U.S. economy and job creation on CNBC’s Squawk Box. Olberhelman said he was “surprised” but “happy” to hear Obama’s kudos for bringing jobs back into the country from Japan. And […]

February 14, 2013

Business

John Deere reports record first quarter income of $650 million

John Deere released its first quarter earnings report this morning, announcing a record $650 million in income as of January 31. That’s a whopping 21 percent increase over profits for the same quarter last year. The big gains in income are largely due to a 16 percent sales increase in Deere’s Agriculture and Turf division. […]

February 13, 2013

Business

Dealers surveyed by GE Capital expect construction equipment sales to increase in 2013

An encouraging 75 percent of construction equipment dealers surveyed by GE Captial Equipment Finance said they expect retail sales of construction equipment to increase at least 3 percent this year. The finding is 10 percent better than last year’s and 24 percent said they expect their sales to increase betwen 6 and 8 percent. The […]

February 11, 2013

Business

Little change in Volvo Construction Equipment net sales for 2012

Volvo Construction Equipment (Volvo CE) has released its fourth quarter and year­-end results, which report net sales for 2012 remained the same as 2011, as well as a 15-­percent share in the Chinese wheel loader and excavator segment in 2012. Volvo CE also reported 78,491 machine sales for the year, the company’s second best ever […]

February 6, 2013

Business

Construction spending up 7.8 percent annually in December

Construction spending increased by 7.8 percent in the year between December 2011 and December 2012, to a three-year high of nearly $885 million, according to seasonally-adjusted data released by the United States Census Bureau. Month-to-month, the preliminary spending figure of $865.9 million was down 0.9 percent from November 2012’s revised figure of $877 million. The […]

February 1, 2013

Business

Economist forecasts construction to add 140k jobs in 2013

Piggybacking off of news earlier this month that the construction industry added 30,000 jobs in December, a report from the Associated Press cites a forecast that projects the industry adding 140,000 jobs in 2013. Patrick Newport, an economist at IHS Global Insight, made the projection, noting what a massive improvement it would be over 2012 […]

January 29, 2013