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Economy News, Videos, and Information


Million-Dollar Deal Shows Hope During Down Economy

On August 21, Low Country Machinery, Pooler, Ga., delivered six new 14-ton (12.7 t) 426Z wheel loaders to its long-standing customer, Coastal Concrete, a deal worth $1 million. The six new machines update Coastal Concrete’s fleet and marks its 18th JCB machine purchase....


Plasterer Equipment Sponsors Discussion on Economy

Against a backdrop of what some say is the worst recession since the Great Depression, Robert L. Morgan, a Conshohocken, Pa.-based, nationally known investment advisor, spoke to approximately 200 paving and excavating contractors and landscapers at a recent dinner for the Inter County Contractors Association at the Shady Maple Farmers Market and Smorgasboard in East Pearl, Pa., in Lancaster County....


Manufacturing Leaders Discuss State of Economy

The recession of 2009 has construction industry manufacturers fine-tuning their business plans to ensure that when the economy bounces back, sales of their product lines will rebound as well. Three manufacturing executives who accepted a request by Construction Equipment Guide (CEG) for a question-and-answer exercise, are, of course, keenly interested in the impact of the Obama administration’s infrastructure stimulus policy....


Tips to Survive a Down Economy

Some general contractors across the United States are facing a strategic dilemma: Slim down in the face of a potentially deep recession, or beef up and bid on big public works projects. The very survival of their companies could depend on the decisions they make....


Denver to Speed Up City Construction to Boost Economy

DENVER (AP) Denver will speed up city construction, including three libraries and a crime lab, to pump the local economy. Mayor John Hickenlooper said Dec. 11 the city will complete approximately 200 improvement projects in four years instead of five....


Corzine: Rebuild Bridges, Roads to Boost N.J. Economy

By Tom Hester Jr. Associated Press WriterTRENTON, N.J. (AP) New Jersey Gov. Jon S. Corzine has an idea in mind to lift the state from the economic doldrums — a massive statewide initiative to repair aging roads, bridges and mass transit that would create thousands of new jobs....


Deficit Balloons to $10 Billion Amid Slowing Economy

SACRAMENTO (AP) Four years after a fiscal crisis helped precipitate the recall of former Gov. Gray Davis, California once again faces a staggering budget shortfall that could force deep cuts in spending for schools, roads, health care and welfare programs....


Tough Michigan Economy Affects Highway Builders

LANSING, Mich. (AP) Some companies that build highways in the state say they are laying off workers as a weak Michigan economy in part has left less money available to fund infrastructure projects. Slagter Construction, a Grand Rapids-based road builder, has cut its work force to 66 from 102 in the past five years and plans to open a Florida office for the first time, President Brian Slagter said....


New Holland’s New W170B, W190B Offer Better Fuel Economy

The all-new W170B and W190B wheel loaders from New Holland have more power, improved functionality and larger, more accommodating cabs than previous models. Tier-III compliant engines are rated at 195 gross hp (145 kW) for the W170B and 227 hp (169 kW) for the W190B....


Komatsu’s PC2000-8 Excavator Offers Two Economy Modes

Komatsu America Corp.’s new PC2000-8 hydraulic excavator boasts 956 net hp (713 kW), an operating weight between 440,920 to 450,000 lbs. (199,998 and 204,117 kg) and has a bucket range of 15.7 cu....








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