Caterpillar Financial Picture Strengthens in Q2

Caterpillar Inc. announced second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an equity investment in IronPlanet, second-quarter 2017 adjusted profit per share…

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Single-Family Housing Starts Bounce Back in June

Nationwide housing starts rose 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 6.3 percent to a seasonally adjusted annual rate of 849,000 units from a below-trend May reading of 799,000, while multifamily starts…

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Volvo Celebrates 75,000th Articulated Hauler

More than half a century after it invented the concept, Volvo Construction Equipment recently celebrated the production of the 75,000th articulated hauler. Having produced more than half of the articulated haulers ever made, a staggering 50,000 Volvo haulers are still in regular use around the world. The 75,000th machine – one of the new generation A45G full-suspension models – rolled…

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Construction Sector Adds 16,000 Jobs in June

Construction employment increased by 16,000 jobs in June to the highest level since October 2008, signaling a new burst of hiring after three months of pause, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged federal, state and local lawmakers to enact measures to make it easier for school officials, local…

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