In a scathing report on America’s infrastructure, the venerable CBS News program 60 Minutes, as part of its Sunday, Nov. 23 broadcast, illustrated in the gravest terms the dire conditions of America’s roads and bridges – and indicted congressional inaction on this major issue.
Read MoreDay: November 24, 2014
October Construction Backs Off
The value of new construction starts settled back 4 percent in October to a seasonally adjusted annual rate of $589.8 billion, according to Dodge Data & Analytics (formerly McGraw Hill Construction). The decline followed the 10 percent increase reported in September, which was the strongest month for total construction starts so far in 2014.
Read MoreSingle-Family Housing Up Again in October
Single-family housing production in October reached its highest level since November 2013 while the more volatile multifamily sector brought combined nationwide starts activity down 2.8 percent to a seasonally adjusted annual rate of 1.009 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreJohn Deere Loaders Meet Final Tier 4 Emissions Standards
Three updated models join John Deere’s industry-leading K-Series Four-Wheel Drive Wheel Loader lineup. The 744K-II, 824K-II, and 844K-II meet Final Tier 4 emissions standards while bringing added durability, productivity, increased uptime and lower daily operating costs to the jobsite. “Advancements to the K-Series-II loaders came from the brightest minds in the industry – our Customer Advocate Group,” said John Chesterman, product marketing…
Read MoreVolvo CE Touts North American Sales Increase
Volvo Construction Equipment (Volvo CE) saw stable market growth in North America dented by a faster decline in China and a loss of momentum in Europe in its third quarter results – while earnings rose strongly in the period, thanks to effective cost control measures and currency tailwinds.
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