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CBO Editorial Staff

  • Resources

    FMI Predicts Construction Put in Place to Top $1 Trillion in 2014

    RALEIGH, N.C., (October 25, 2012) – FMI, a management consulting and investment banking firm in the engineering and construction industry, announced the release of its 2013 U.S. Markets Construction Overview. With construction put in place at the end of 2012 expected to be between $826 and $884 billion, researchers at FMI predict CPIP growth rates to be slightly ahead of GDP in 2013 and 2014. This would place the CPIP at more than $1 trillion by the end of 2014, nearly six percent of GDP. Other predictions include the following:• Residential CPIP will be back to double-digit growth in 2013• Transportation and healthcare CPIP will reach record levels by 2013• Education CPIP will continue to rise, achieving 2008 numbers by 2016 However, in 2013, commercial...

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  • Resources

    Terex Announces Takeuchi Skid Steer Loader Supply Agreement

    Southaven, Miss. (October 24, 2012) – Terex Construction, a business segment of Terex Corporation, announced  the completion of a new Supply Agreement with Takeuchi Manufacturing (U.S.), Ltd. for the supply of eight new models of Takeuchi Branded Skid Steer Loaders. This agreement will provide Takeuchi with a comprehensive range of high specification, high performance, vertical and radial lift Skid Steers Loaders to complement their existing line of Compact Equipment. Takeuchi’s current distribution and support channels will handle sales, rental and parts supply and customer support needs for the new skid steer loaders. Clay Eubanks, President of Takeuchi US said: “After an extensive review process, we selected Terex to supply us with these new skid steer loaders ranging in operating weight from 6,500 lbs. to 8,600...

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  • Resources

    David L. Richter of Hill International Named CMAA Fellow

    MARLTON, N.J., Oct. 24, 2012 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), a construction risk management organization, announced today that David L. Richter, Hill’s president and chief operating officer, was named a Fellow of the Construction Management Association of America (CMAA) at its recent National Conference held in Chicago, Ill. Richter is one of 58 Fellows to be so honored in CMAA’s 30-year history. Richter has more than 20 years of professional experience, primarily in the construction industry. He joined Hill in 1995 and has been the company’s President and COO since 2004. Since he joined the company, Hill has grown its revenues more than 20-fold. “The Fellow designation is the highest honor that CMAA bestows on an individual,” said Bruce D’Agostino, CMAA’s President and Chief Executive Officer....

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  • Resources

    Caterpillar Reports Best Third-Quarter Sales and Profit Yet Downgrades Outlook for Future Sales

    PEORIA, Ill.  (Oct. 22, 2012) — Caterpillar Inc. announced third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15.716 billion.  Profit per share for the third quarter of 2012 was $2.54, up 49 percent from $1.71 per share in the third quarter of 2011.  Third-quarter 2012 profit per share includes a pre-tax gain of $273 million from the sale of a majority interest in Caterpillar’s third party logistics business, which had previously been announced. “Last quarter and then again a month ago at MINExpo, we discussed economic and geopolitical headwinds facing the world, and we are certainly continuing to see the impact of those uncertainties in our business,” said Caterpillar Chairman and Chief Executive Officer Doug...

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