May 2010 News

U.S. GDP rises 3% in Q1 2010
Corporate profits grow $81 billion; inventories increase $34 billion.

Topcon acquires InlandGEO
Expands product markets throughout Europe, Middle East and Africa.

New residential sales surge in April
Sales climb 14.8 percent over March 2010; 47.8 percent over April 2009.

Construction starts on Miami port tunnel
Controversial $1 billion project to be done by 2014.

Developer launches $500M NYC schools, residential project
Project is largest ever for Education Department construction fund.

Detroit bridge would create 10,000 construction jobs
Canada offers $550 million to help finance the project.

TVA recommends conventional reactor in Alabama
Construction would take a decade.

Baker Selected by VDOT for I-95 Rehab Project
Work will employ "accelerated bridge construction" techniques.

Northwest Florida Beaches International Airport Opens
Airport and adjacent 1,000-acre enterprise center design promise new business hub.

SawGear adds distributors in United States and Canada
Ace Tool and Riverhead now carry the line.

Steelmax completes acquisiton; begins releasing new tools
D2X mag drill is first out, with more to come in 2010.

ITW boosts revenues 19 percent
Construction product sales climb 20.3 percent.

Home Depot sales up 4.3 percent
Company projects year-over-year sales to grow 3.5 percent for 2010.

MAPI: The recovery is real
Forecast predicts GDP will expand by 3.3 percent in 2010.

Delmar and DEWALT publish HVAC code reference book
Book helps HVAC professionals understand and comply with code requirements.

Saint-Gobain Technical Fabrics facility earns ISO 14001:2004 certification
Midland, Ontario plant recognized for environmentally conscious manufacturing processes.

New residential construction in April 2010

Single-family starts climb 10.2 % month over month; privately-owned housing starts climb 40.9 % over April 2009.
Arbortech and Sommer’s Mobile Leasing pick Sonnhalter as new agency

Aussie power tool company and Ohio-based communications experts pick Sonnhalter for its construction industry expertise.
Bird-B-Gone expands manufacturing plant

New facility will allow expanded production capabilities and same-day turnaround.
Bosch Rexroth reports 2009 numbers; predicts stronger growth in Q3 and Q4

2009 sales slid 30 percent from 2008, to $5.7 billion; 2010 orders already exceed all of 2009's.
M. K. Morse launches new website

Site includes dramatic improvements in navigation, appearance and accessibility, video, downloads, user tips and much more.
Construction added 14,000 jobs in April

Industry has added 40,000 nationally jobs since February.

Voters to decide fate of proposed $937M 49ers stadium
A vote on whether to build a new stadium to house the San Francisco 49ers will likely come down to money. The stadium is projected to cost $937 million.

Military projects boost California construction industry
Pass the ammunition: Military contracts worth about $4 billion through 2012 are helping to reinvigorate Southern California's battered construction industry.

Axion installs first ever recycled plastic railroad bridge at Fort Eustis, Virginia
Successful initial testing of first ever railroad bridge made from milk jugs and car bumpers supports 120-ton locomotive for the U.S. Army Transportation Corps.

Miller Welders unveils biofuel-powered jet dragster, launches 14-city NHRA exhibition tour with Larsen Motorsports
Miller teams with famed jet car driver Elaine Larson and crew chief/husband Chris Larsen to build and race the Miller Jet Dragster; a custom-built vehicle that reaches speeds approaching 300 mph.

Clarkson joins JCB as V.P. of sales for Eastern region
Leading heavy equipment manufacturer JCB announces Van Clarkson is joining the company as its vice president of sales for the Eastern Region.

Knaack celebrates 50 years on the job
Year-long celebration includes Nifty Fifty Jobsite Storage Giveaway campaign.

Canadian manufacturing is taking off, eh!
MMTS 2010 survey finds 64.4% of manufacturers see business activity increasing in the near future.

U.S. Department of the Interior awards Ironclad Performance Wear's Eric Jaeger for development of KONG Oil & Gas Glove
Offshore Leadership Award recognizes Ironclad's KONG glove as a significant enhancement to worker safety.

March 2010 construction at $847.3 billion annual rate
Highway construction climbs month-over-month but other sectors slide.

Pending home sales on upswing
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors.

National Hardware Show finds market on upswing
2,300 exhibitors; strong major buyer activity reported.

Attendance up at ISA annual convention
Distributor delegate attendance was up 100 percent for the annual Industrial Supply Association event that concluded in Indianapolis on May 4.

The Marcellus Shale: How your company could get in on the action
Here are contacts for five leading companies involved in the development.

Audit: California high-speed rail zooming toward disaster without major changes
California's bullet-train project could careen off the tracks because the high-speed rail administration suffers from "weak oversight," "lax" management and a shaky funding plan, according to a scathing state audit.

Amtrak to spend $1 billion on infrastructure upgrades
Amtrak is launching a $1 billion construction program to fund capital projects designed to rebuild, upgrade and modernize its tracks, bridges, stations and other infrastructure along the Northeast Corridor and across the country.  

Pentagon withdraws objection to Oregon wind farm project; construction to begin
The Pentagon has withdrawn its objection to what promises to be the world's largest wind farm, allowing for construction to move ahead on the Shepherds Flat project in Oregon.