USACE Mobile District Honors Brasfield & Gorrie for Safety Excellence

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BIRMINGHAM, Ala. — Brasfield & Gorrie recently announced that the company has received a quarterly safety award from the Mobile District of the U.S. Army Corps of Engineers. Presented through the Mobile District’s Celebrate Safety initiative, the award recognizes Brasfield & Gorrie’s safety achievements on its NASA Test Stands construction project at Marshall Space Flight Center in Huntsville, Alabama. This project consists of construction of two large stands at Marshall Space Flight Center for testing the fuel tanks and other key hardware for NASA’s new Space Launch System. This award is the fourth USACE quarterly safety award Brasfield & Gorrie … Read more

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ELFA Releases Survey of Economic Activity

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $903-billion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 20 percent from new business volume in December 2013. In a typical end-of-year spike, their new business volume was up 90 percent from November volume of $6.8 billion. Cumulative new business volume for 2014 rose 8 percent over 2013.   Receivables over 30 days were unchanged from the previous month and from the same period in 2013 … Read more

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Equipment Leasing, Finance Industry Confidence Reaches Three-Year High

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WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation recently released the January 2015 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903-billion equipment finance sector. Overall, confidence in the equipment finance market is 66.1, an increase from the December index of 63.4 and the highest level in the last three years.   When asked about the outlook for the future, MCI-EFI survey respondent Thomas Jaschik, president, BB&T Equipment Finance, said, … Read more

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Gilbane’s Report Finds Multi-Sector Gains in 2015 Growth & Profits

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PROVIDENCE, R.I. — Gilbane Building Company recently announced the findings from its in-house quarterly economics report: Building for the Future – Construction Economics: Market Conditions in Construction. Among its most notable findings, the report indicates 2014 construction spending will finish the year 5.4 percent higher than 2013, noting all sectors have contributed to growth. Further, most major nonresidential markets, including education, healthcare, commercial retail, office and manufacturing, along with residential construction will all realize much-needed spending increases in 2015. Still, favorable growth conditions in the coming year will be met with an ongoing shortage of available skilled workers, driving up … Read more

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Most Construction Firms Expect Growth this Year, Says AGC

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Eighty percent of construction firms plan to expand their payrolls in 2015 while only 7 percent expect to reduce headcounts according to survey results released by the Associated General Contractors of America. The survey, conducted as part of Ready to Hire Again: The 2015 Construction Industry Hiring and Business Outlook, indicates that most contractors are optimistic about the year ahead and ready to expand, but will have to cope with challenges including worker shortages and regulatory burdens. “Contractors are extremely optimistic about the outlook for 2015,” said Stephen E. Sandherr, the association’s CEO. “Indeed, if their predictions prove true, industry … Read more

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