Volvo CE and K-Tec Earthmovers Inc. have engaged in a strategic alliance to promote efficient methods of earthmoving world-wide. A Volvo Articulated Dump Truck (ADT) pulling a K-Tec ADT Scraper is recognized as an approved advancement in the Construction and Mining Industries.
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Bridgestone to Build Plant for Mining Tires in Thailand
Bridgestone Corp. announced it would build a new plant in Thailand that will produce off-the-road radial tires for construction and mining vehicles (ORRs).
Read MoreConstruction Industry Facing Labor Shortages
Nearly three-fourths of construction firms across the country report they are having trouble finding qualified craft workers to fill key spots amid concerns that labor shortages will only get worse, according to the results of an industry-wide survey released by the Associated General Contractors of America. Association officials called for immigration and education reform measures to help avoid worker shortages.
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ConExpo-Con/Agg 2014 Will Feature Easier Navigation, a New Outdoor Lot and a Demolition and Recycling Pavilion. ConExpo-Con/Agg 2014 will represent an immense unveiling of all the newest equipment, technology and product breakthroughs for the construction and aggregates industries. From earthshaking big iron to groundbreaking innovations, it’s all assembled in one place to help you work smarter.
Read MoreConstruction Spending Rises in June
The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2013 was estimated at a seasonally adjusted annual rate of $900.8 billion, 0.6 percent (±2.0 percent) above the revised June estimate of $895.7 billion. The July figure is 5.2 percent (±2.1 percent) above the July 2012 estimate of $856.3 billion.
Read MoreJuly Construction Recedes 2 Percent
New construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The nonbuilding construction sector, comprised of public works and electric utilities, pulled back in July after being lifted in June by several very large projects. At the same time, nonresidential building strengthened…
Read MoreU.S. Construction Machinery Exports Down 21 Percent
U.S. construction machinery exports dropped 21 percent during the first half of 2013, with $10.8 billion shipped to global markets compared to $13.7 billion at midyear 2012, according to the Association of Equipment Manufacturers (AEM). The AEM off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into global trend reports for members.
Read MoreNew Construction Starts to Climb 6 Percent in 2013
New construction starts are forecast to rise 6 percent this year to $506 billion, according to the Midyear Update to the 2013 Construction Outlook from McGraw Hill Construction, a division of McGraw Hill Financial. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8 percent gain that took place in…
Read MoreDeere Announces Third-Quarter Record Earnings
Net income attributable to Deere & Co. in the third quarter was $996.5 million, or $2.56 per share, for the third quarter ended July 31, compared with $788.0 million, or $1.98 per share, for the same period last year. For the first nine months of the year, net income attributable to Deere & Co. was $2.730 billion, or $6.97 per…
Read MoreHousing Starts Rise 5.9 Percent in July
Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to newly released figures from HUD and the U.S. Census Bureau. Meanwhile, single-family construction recorded a modest decline from a rate that was upwardly revised for the previous month.
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