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CBO Editorial Staff

  • Resources

    Wright Express Releases Monthly Construction Fuel Consumption Index Results for April

    SOUTH PORTLAND, Maine (May. 24, 2012) – Wright Express Corporation (NYSE: WXS), a leading global provider of value-based business payment processing and information management solutions, in collaboration with IHS, the leading global source of information, insight and analytics, released results of its Wright Express Construction Fuel Consumption Index (FCI), which indicated a decrease of 0.3% in April versus its level the previous year. The Wright Express Construction FCI measures national fuel consumption statistics for the construction industry, which provides an accurate and up-to-date indication of construction activity in the United States. “Considering the seasonally-adjusted index grew by 3.9% in the previous month, the results of the April 2012 Fuel Consumption Index may be a partial correction to the unusually strong growth in March,” said Michael...

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  • Resources

    United Rentals Completes Acquisition of RSC Holdings

    GREENWICH, Conn. and SCOTTSDALE, Ariz. — United Rentals, Inc. (NYSE: URI) (the “Company”) completed its previously announced acquisition of RSC Holdings Inc. (NYSE: RRR) (“RSC”) in a cash-and-stock transaction valued at $18.00 per share at the time of announcement, for a total enterprise value of $4.2 billion, including $2.3 billion of net debt. The combination of the two companies creates a leading North American equipment rental company with a more attractive customer mix, greater scale and enhanced growth prospects. The combination will accelerate the combined company’s potential for growth with industrial customers, as well as provide a lower cost base and a less volatile revenue profile that is expected to better position the combined company through all phases of the business cycle. The combined company...

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  • Resources

    VP Names Southwest Texas District Manager

    MEMPHIS, Tennessee (May 22, 2012) – Varco Pruden Buildings, a division of BlueScope Buildings North America, Inc., and one of the nation’s leading providers of metal building systems, has named Philip J. Hernandez III,  the company’s district manager of Southwest Texas. His responsibilities will be to maintain, develop and recruit new builders to increase market share in the metal system, retro fit roof, and mini storage market. He and his family live in New Braunfels, Texas.Hernandez has a 15-year career in the construction industry.  Before joining VP, Hernandez was a district sales manager with CoilPlus since 2007. Hernandez and his wife, Britney, have a son and two daughters who are identical twins. Varco Pruden Buildings is a division of BlueScope Buildings North America, Inc.  Through...

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  • Resources

    National Trade Groups Team Up to Create a Drug- and Alcohol-Free Construction Industry

    Washington, D.C. (May, 8, 2012)– Five of the nation’s largest construction trade associations have teamed up to form the Construction Coalition for a Drug- and Alcohol-Free Workplace (CCDAFW). The coalition’s mission is to create a drug- and alcohol-free construction industry by providing companies and organizations with the resources necessary to implement drug- and alcohol-free policies into their business practices. CCDAFW launched a nationwide effort urging construction-related firms and organizations to sign an online pledge signifying they will create and maintain a workplace free from substance abuse. In addition to listing current pledge signatories, the CCDAFW website, http://www.drugfreeconstruction.org/,  includes educational materials and state-by-state policies for substance abuse testing. The CCDAFW is comprised of Associated Builders and Contractors (ABC), The Associated General Contractors of America (AGC), Construction...

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  • Resources

    Construction Materials Prices Inch Up in April, While Contractors’ Prices for New Nonresidential Buildings Rise Moderately

    The cost of construction materials took a breather in April, while contractors showed slightly greater ability to roll past price increases into their bids, according to an analysis of producer price index figures released by the Associated General Contractors of America. Association officials noted that despite the temporary reprieve from materials price hikes, market conditions for construction remain difficult. “Contractors caught a bit of a break on major input costs in April, enabling some firms to make up for recent price spikes,” said Ken Simonson, the association’s chief economist. “However, workloads remain uneven by segment and geographical region, leaving many firms very vulnerable to unexpected price hikes for key materials.” Simonson noted that there was a rise of 0.1 percent in April and 2.5 percent...

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  • Resources

    Ritchie Bros. Auctioneers Announces Closing of AssetNation Acquisition

    VANCOUVER, BRITISH COLUMBIA AND HOUSTON, TEXAS (May 16, 2012)– Ritchie Bros. Auctioneers (NYSE and TSX:RBA), the world’s largest industrial auctioneer, announced that it has successfully completed the acquisition of AssetNation, a leading online marketplace and solutions provider for surplus and salvage assets. Ritchie Bros. intends to continue to grow AssetNation’s core business as well as to leverage their e-commerce expertise and technology platform to develop and launch unique new services for equipment owners whose buying and selling preferences may not be met by the Company’s live unreserved auctions. “We are very pleased to have completed the acquisition of AssetNation and are excited to be working together with their team to develop and launch new business solutions to help the world’s builders easily and confidently exchange...

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  • Resources

    Construction Business Owner White Papers

    Construction Business Ownerworks with our partners to provide informative white papers on a wide variety of industry topics. White papers are only featured for short time. Visit our site regularly to download new white papers from experts in the industry.   Interested in showcasing your white paper? Contact one of our account executives.

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  • Management

    GAFCON, SHAREPOINT360 ADDS PAUL NAJAR AS VICE PRESIDENT AND GENERAL COUNSEL

    SAN DIEGO, May 14, 2012 – Gafcon, Inc., a leading San Diego-based construction management and consulting firm, and sister company SharePoint360, a provider of business productivity consulting and hosting solutions, announce the hire of Paul Najar as vice president and general counsel. In this position Najar will build and maintain the legal infrastructure of both Gafcon and SharePoint360. Najar brings more than 23 years of corporate law and administrative management experience in a variety of industries including construction, financial services, healthcare and information technologies. Prior to Gafcon and SharePoint360, Najar was co-founder and principal of Mayfair European Advisors, an international consulting firm  that helps U.S. companies establish or improve  their operations in Europe. Before founding Mayfair European Advisors, Najar worked for more than 14 years...

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  • Resources

    SANY America Named 2012 Global Impact Awards Finalist

    PEACHTREE CITY, GA, May 9, 2012 – SANY America is pleased to announce that the Metro Atlanta Chamber of Commerce named the company a finalist in the Foreign Direct Investment category of the 2012 Global Impact Awards. Each year, the Metro Atlanta Chamber recognizes international companies making significant contributions to the local community and economy. Over the past five years, Sany America has invested more than $60 million in Georgia and currently employs more than 120 people. Last year, SANY announced its intention to build a new $25 million R&D facility alongside the company’s 400,000 square foot corporate headquarters in Peachtree City, Georgia. The new R&D site will employ roughly 300 hydraulic and mechanical engineers focusing on systems research. “We find tremendous value in the...

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  • Resources

    ISSA Identifies Potential Solutions To Current Industry Challenges

    Annapolis, MD – As it celebrates its 50th anniversary, the International Slurry Surfacing Association (ISSA) anticipates continued growth for pavement preservation in spite of the American Road & Transportation Builders Association’s (ARTBA) 2012 forecast for a six percent decline in the highway and bridge construction market. America’s highways are deteriorating because age and traffic volume have exceeded the original design of the roadways. Agencies are increasingly turning to pavement preservation because budgets are tighter than ever when considering the current state of the economy and the looming U.S. Highway Bill. Pavement preservation processes, specifically those promoted by ISSA, including slurry and micro surfacing, chip sealing and crack treatment, stretch budgets by extending the life of a road up to seven years when applied at the...

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