Tag: industry: Page 5

Business

New York reviews methods to prepare, respond to future disasters

The NYS 2100 Commission, a panel put in place to issue recommendations for how New York should spend some of the $60 billion it received to recover from superstorm Sandy that hit October 29, released its preliminary report on ways to harden infrastructure in case of future emergencies, The Wall Street Journal reported. Rockefeller Foundation […]

January 8, 2013

Business

Construction job growth means hope for U.S. economy

A new report from the Washington Post calls the construction industry one of the “bright spots” in the recovering labor market, noting that the industry’s addition of 30,000 jobs in December accounted for one-fifth of all jobs added in the U.S. that month. The Post makes mention of the labor shortage that construction faces. Noting […]

January 7, 2013

Workforce

Construction adds 30k jobs in December

Preliminary figures from the U.S. Labor Department show that the construction industry added 30,000 jobs in the month of December. That’s the highest gain for the industry since September 2011 and makes for nearly 1/5 of all jobs added in the country during December. In all, construction companies employ 5.564 million Americans as of December. […]

January 4, 2013

Business

U.S. needs new bridges but states lack funding

The average age of the 600,000 bridges in the United States is 43 years old, according to a new report from the Washington Post. And considering that bridges are built to last about 50 years, that means a great deal of them will soon need to be replaced. In fact, as the Post reports, 70,000 […]

January 3, 2013

Business

Report: Road construction to see only slight improvement in 2013

Despite the ongoing economic recovery, the U.S. road construction market is tough going and will only slightly improve in the new year, according to a new report. SBI, a division of MarketResearch.com, recently released its U.S. Road, Bridge and Tunnel Construction Market report, which predicts “only slight growth through 2014” and a market growth over […]

January 3, 2013

Business

Morbark acquires Boxer Equipment product line

Morbark, a manufacturer of tree care, sawmill, recycling, forestry and biomass chipping and grinding equipment has finalized its acquisition of Boxer Equipment, a product line of Mertz Manufacturing that manufactures and markets compact utility loaders and attachments. As part of the transaction, Morbark has acquired all product designs, intellectual property and manufacturing tools, as well […]

January 2, 2013

Business

Construction spending up 7.7 percent in November

Construction spending increased by 7.7 percent in the year between November 2011 and November 2012, to nearly $866 million, according to seasonally-adjusted data released by the United States Census Bureau. Month-to-month, the preliminary spending figure of $865.9 million is down 0.3 percent from October 2012’s revised figure of $868 million. The slight month-to-month drop is […]

January 2, 2013

Business

National Trench Safety adds 18th Florida location

National Trench Safety (NTS) has acquired two of U.S. Shoring’s operating assets in Tampa and Miami, bringing the company’s network in Florida to 18 locations. Ernie Perez and Richard Hearn will continue to manage the locations in Miami and Tampa, respectively. NTS plans to open more branches in 2013 and 2014, though no details have been […]

January 2, 2013

Business

Congress passes fiscal cliff deal

With negotiations extended to the absolute deadline, Congress passed a deal on New Year’s Day that will that will prevent the U.S. from going over the so-called “fiscal cliff.” Early Tuesday morning, the Senate passed the measure 89-8. Late Tuesday night, the GOP-run House of Representatives approved the measure 257-167. Among House Republicans the vote […]

January 2, 2013

Business

Dallas transforms with $2.3 billion in development since 2002

Residents of Dallas, Texas have seen their city literally transform around them in the past decade thanks to $2.3 billion in investment and redevelopment since 2002, the Dallas Morning News reports. According to the News, the area is unrecognizable from 10 years ago. In fact, one oilman in the area says Dallas is experiencing a […]

December 31, 2012

Business

Architects Billing Index inspires confidence in 2013 construction

The latest round of the American Institute of Architects Billings Index should make for a bit more confidence in the construction industry in 2013. The billings index rose to 53.2 in November, the highest level the index has reported since November of 2007. Any reading above a 50 indicates an increase in demand for design […]

December 31, 2012

Business

Construction fuel consumption index up 3.6 percent over 2011

WEX and IHS have released results of the WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 3.6 percent in November year-over-year. The WEX Construction FCI measures national fuel consumption statistics for the construction industry to provide an up-to-date indication of construction activity in the United States. For November 2012, the WEX Construction […]

December 21, 2012