Administration officials significantly underestimated the cost to construction employers of proposed new hiring quotas for federal contractors according to a new analysis released by the Associated General Contractors of America.
Ashtead Group Plc, the parent of A-Plant in the U.K. and Sunbelt Rentals in the U.S., reported a company recorded fiscal year-end, pre-tax profit of £130.6 million (US$203.5 million), up from £31.0 million (US$48.3 million) the year before.
United Rentals Inc. has named Matt Flannery as executive vice president and chief operating officer, effective with the closing of the company's merger with RSC Holdings Inc. announced in April. He previously served as executive vice president of operations and sales, and leads the RSC integration process.
The Toro Company has acquired light construction and hardscape product assets from Stone Construction Equipment, which manufactured concrete and hardscape equipment for rental and construction companies. Terms of the transaction were not disclosed.
Twenty-nine students’ educational goals just became a little easier to achieve, thanks to the $54,500 worth of ARA Foundation and affiliate scholarships awarded for the 2012/2013 academic year — including the new Bill Loomer Houston Rental Association Scholarship and the ARA of California Scholarships. The recipients are selected by the ARA Foundation scholarship committee.
In May, Lucid Energy celebrated the opening of its Center of Excellence in California at Riverside Public Utilities. Nearly 80 people attended the event, which marked the first installation of the LucidPipe Power System in the United States.
The Tennessee Department of Environment and Conservation recently announced a new pilot program designed to build efficiencies in how construction stormwater permits are issued, while satisfying the permit requirements at both the state and local levels and improving overall water quality.
National Equipment Register (NER), which provides information about equipment theft risk, has completed a data sharing arrangement with Vermeer Corp. to help Vermeer customers combat equipment theft. NER is a division of the Verisk Crime Analytics unit at Verisk Analytics.