Tag: construction business: Page 23

Former Iowa DOT head Trombino named president of McClure Engineering

Paul Trombino, the former Iowa Department of Transportation director who resigned from that position unexpectedly in November, will take over as president of McClure Engineering Company effective Jan. 3. The company, which was founded in 1956, reports that roughly 80 percent of its civil engineering services last year were in the public sector. Forty percent […]

December 27, 2016

A construction success story at 30, James MacKay likes “the jobs no one else wants”

When asked to describe how he started in construction, James MacKay laughs. “I got into a little bit a trouble when I was in high school,” he says. His father, a construction veteran, promptly dropped James off at a friend’s paving job…and that contractor, just as promptly, put him on a jackhammer. But rather than […]

December 22, 2016

Here are the 12 finalists for our 2017 Contractor of the Year award

While it came down to some tough decisions, the Equipment World editors have named the 12 finalists for the magazine’s 2017 Contractor of the Year award, now in its 17th year. Sponsored by Caterpillar since its inception in 2000, the Equipment World Contractor of the Year event honors 12 finalists during a weekend event that […]

December 9, 2016

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Caterpillar sales down again in 3Q as profit plummets 48%

Citing economic weakness and idle mining trucks around the globe coupled with an “abundance” of used construction equipment and idle locomotives in North America, Caterpillar reported another down period for earnings today. With total sales falling 16 percent to $9.16 billion in the third quarter and profit plummeting 48 percent to $481 million, the world’s no. 1 […]

October 25, 2016

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Contractor of the Year entry deadline extended to Oct. 14

The deadline for nominations for the Equipment World Contractor of the Year contest, which honors 12 finalists each year, has been extended. Contractors and peers who wish to nominate them now have until October 14, 2016, to apply to the program. To enter, go to Equipment World’s Contractor of the Year page, and click on the “Apply Now” […]

October 6, 2016

Caterpillar 318F with Dozer

Construction spending falls 0.7% in August

U.S. construction spending fell 0.7 percent in August as spending on both residential and nonresidential projects fell during the month. Construction spending is at a seasonally-adjusted annual rate of $1.142 trillion, according to preliminary data from the Commerce Department. With the August decrease, the spending rate has fallen 0.3 percent below the August 2015 rate. Spending in the private […]

October 3, 2016

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Builder confidence jumps in August despite 5.8% drop in home starts

The start of construction on homes in the U.S. fell 5.8 percent during August to a seasonally adjusted annual rate of 1.142 million, according to preliminary data from the Commerce Department. Declines in both single- and multi-family housing units brought on the monthly decline. However the rate remains 0.9 percent above the August 2015 figure. […]

September 20, 2016

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Construction spending down 0.6% in June

With declines in both residential and nonresidential spending, total U.S. construction spending fell for a third consecutive month in June. Spending fell 0.6 percent to a seasonally adjusted annual rate of $1.133 trillion, according to preliminary data from the Commerce Department, but remains up 0.3 percent over the June 2015 figure. Total residential spending fell […]

August 2, 2016

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“Whatever it takes” the philosophy behind resilient New York contractor Gorick Construction

“Whatever it takes” on the surface may bring up thoughts of driving a square peg through a round hole with an enormous hammer, but for Al Gorick, it signifies a philosophy that a job will be done the right way, no matter what resources are needed. The slogan is part of Gorick Construction’s logo, and […]

July 12, 2016

Construction spending falls 0.8% in May

With declines in nonresidential spending and a flat month for residential, total U.S. construction spending fell 0.8 percent in May, according to preliminary data from the Commerce Department. Spending is at a seasonally adjusted annual rate of $1.143 trillion. Despite two consecutive months of monthly declines, spending remains 2.8 percent above the May 2015 rate. […]

July 6, 2016

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Home starts down slightly in May but builders have optimistic outlook

Starts on new homes in the U.S. were down 0.3 percent in May from the previous month despite gains in both single- and multi-family homes. Total starts fell to a seasonally adjusted annual rate of 1.164 million in May but remain up 9.5 percent over the May 2015 mark. Single-family home starts rose 0.3 percent […]

June 17, 2016

Minn. bill would ease restrictions on construction material, aggregate hauling

Minnesota has laid the groundwork for a significant change in state transportation policy which would benefit everyone from companies to commuters, says Fred Corrigan, executive director of the Aggregate & Ready Mix Association of Minnesota, in a column published by the Mesabi Daily News. Currently, Minnesota businesses that haul construction materials are subject to restrictive […]

May 10, 2016

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