by admin | Aug 13, 2016 | Constuction & Business News, Crane & Lifting News, Ports & Terminals
APM Terminals said it is accelerating cost-saving efforts at its headquarters and all controlled entities as profit fell 30 percent year-over-year in the second quarter to $112 million. The Netherlands-headquartered company booked an underlying profit excluding...
by admin | Aug 13, 2016 | Constuction & Business News, Ports & Terminals
High expectations can make something that is perfectly adequate feel like a failure. Films based on books are an example. A decently made movie can entertain someone who hasn’t read the book but disappoint those who did. In business, midlevel managers know to...
by admin | Aug 13, 2016 | Crane & Lifting News, Ports & Terminals
A week after the State Ports Authority received two new cranes capable of handling the world’s largest ships, the maritime agency on Friday sold two of its oldest — cranes, making the official end of cargo container traffic at the Columbus Street Terminal. The SPA’s...
by admin | Aug 12, 2016 | Constuction & Business News, Manufacturer News
Joy Global Inc. has sold a steel plate mill in Longview, Texas, for $29 million. Milwaukee-based Joy Global (NYSE: JOY) announced that it has sold the company to Charlotte, N.C.-based Nucor Corp. All steel mill employees have transitioned to Nucor employment. Joy...
by admin | Aug 12, 2016 | Heavy Equipment, Crane & Construction Accidents
A Felbermayr crane operator was seriously injured as the Kato truck crane’s boom reportedly lowered suddenly onto power lines in Germany. 380 kilovolt power line fried the operator cab and caused extensive damage to the crane. The operator was flown by air Graz...
by admin | Aug 12, 2016 | Constuction & Business News, Energy News, Manufacturer News
Caterpillar, Inc. expects no significant demand growth for its energy and transportation products for the rest of 2016 as oil prices stay weak, a senior executive said on Thursday. “Oil prices, drill rig counts and our customers’ fleet utilization rates...
by admin | Aug 12, 2016 | Crane & Lifting News, Workforce News
Firefighters used a helicopter to rescue a construction worker from the top of a 270-foot crane in downtown Los Angeles. Paramedics made their way up the crane, at 825 S. Hill St., to evaluate the construction worker’s injuries and determine the best method of safely...
by admin | Aug 12, 2016 | Crane & Lifting News, Heavy Equipment, Crane & Construction Accidents
Part of a crane struck a glass panel on the 3 World Trade Center Thursday night, according to authorities. A crane lowered materials to the ground around 8:30 p.m. It was bringing the cable back up when wind caused part of the crane to hit a glass panel, fire...
by admin | Aug 12, 2016 | Constuction & Business News, Manufacturer News
Caterpillar, Doosan look at secondhand market prospects Construction equipment makers are ramping up cooperation with auctioneers of secondhand equipment in China, because they are suffering from a prolonged sales slump amid this years’ slowdown of the...
by admin | Aug 11, 2016 | Constuction & Business News, Workforce News
The most dangerous job in the U.S. is construction laborer, while the safest is accountant/auditor, according to a study released Thursday by Carlsbad, CA based CareerCast. Construction laborers toil in high-risk construction sites and, as a result, have the highest...
