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Electrical & Construction Industry News

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Electrical & Construction News Blog 
Thursday, 29 September 2011

A team of engineers began a daredevil inspection of the Washington Monument on Wednesday that will include them rappelling down the obelisk to look for damage from last month’s earthquake...

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Connexion Connexion AT 07:12 am   |  Permalink   |  0 Comments  |  Email
Tuesday, 27 September 2011

Mike Johnston, NECA executive director, standards and safety, added his expertise on electric vehicle supply equipment to an article in the fall issue of American Garage magazine, “Do-It-Yourselfers for EV Charging Stations: Not the Same as Learning How to Lay Tile.” The article focused on the Level 2 charging stations to be installed by EV owners at home, and how those installations are probably not the right place for homeowners to exercise their “can-do spirit...”

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Connexion Connexion AT 11:50 am   |  Permalink   |  Email
Tuesday, 27 September 2011
Indicator/Frequency Reading Month Previous Year Ago Source

Construction     
Architecture Billings Index 51.4 Aug. 45.1 n/a AIA
Construction Spending YTD $435.54 July $357.49 $451.17 Census
Dodge Index 83 July 92 87 MHC
Single-Family Housing Starts 38.300 Aug. 40,100 39,100 Census

Shipping     
Air Freight Demand -0.4% July -3.0% n/a IATA
Baltic Dry Index (weekly) 1,920 9/23 1,814 2,461 Bloomberg
For-Hire Truck Tonnage 114.0 July 115.5 -1.30% ATA
Inbound Shipping (TEUs) 267,198 Aug. 290,314 311,240 Pt of Long Beach
Railcar Loadings (weekly) -1.4% 9/17 0.1% n.r. AAR
Outbound Shipping (TEUs) 184,231 Aug. 165,135 147,609 Pt. of Los Angeles

Other Indicators     
EC Field Employees 586,700 July 567,300 575,500 BLS
Electrical Distributor Employees 138,600 July 137,900 136,800 BLS
Manufacturing Capacity Utilization 75 Aug. 74.7 72.6 FRB
S&P 500 (weekly) 1,136 9/23 1,216 1,146 Yahoo! Finance
Steel (spot price) $865 July n/a $688 Locker
* Dodge Index: 2000 = 100
         
** railcar loadings - year ago = '08
         
Notes: Baltic Dry Index, Railcar Loadings, and S&P 500 index are the only three data points updated weekly. All other data updated as information becomes available. Year-ago data for Non-Residential Starts and for-hire Truck Tonnage is on a comparable basis (percentage up/down for this month’s number vs. one year ago).

TEUs = “twenty-foot equivalent units,” a measure of shipping containers used by ports.

Sources:
AAR = American Association of Railroads, www.aar.org
AIA = American Institute of Architects, www.aia.org
BofC = Bureau of the Census, www.census.gov
Bloomberg = www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND
BLS = Bureau of Labor Statistics, www.bls.gov
FRB = Federal Reserve Board, www.federalreserve.gov
IATA = International Air Transportat Association, www.iata.org
Locker = Locker Associates, www.lockerassociates.com
MHC = McGraw-Hill Construction, www.construction.com
Port of Long Beach = www.polb.com/about/port_stats/latest_monthly_teus.asp
Port of Los Angeles = www.portoflosangeles.org/maritime/stats.asp
Connexion Connexion AT 11:39 am   |  Permalink   |  0 Comments  |  Email
Tuesday, 27 September 2011

On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending...

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Connexion Connexion AT 11:37 am   |  Permalink   |  0 Comments  |  Email
Wednesday, 21 September 2011
Indicator/Frequency Reading Month Previous Year Ago Source

Construction     
Architecture Billings Index 45.1 July 46.3 n/a AIA
Construction Spending YTD $435.54 July $357.49 $451.17 Census
Dodge Index 83 July 92 87 MHC
Single-Family Housing Starts 40,200 July 44,600 40,700 Census

Shipping     
Air Freight Demand -0.4% July -3.0% n/a IATA
Baltic Dry Index (weekly) 1,814 9/16 1,838 2,737 Bloomberg
For-Hire Truck Tonnage 114.0 July 115.5 -1.30% ATA
Inbound Shipping (TEUs) 267,198 Aug. 290,314 311,240 Pt of Long Beach
Railcar Loadings (weekly) 0.1% 9/10 -0.4% n.r. AAR
Outbound Shipping (TEUs) 184,231 Aug. 165,135 147,609 Pt. of Los Angeles

Other Indicators     
EC Field Employees 586,700 July 567,300 575,500 BLS
Electrical Distributor Employees 138,600 July 137,900 136,800 BLS
Manufacturing Capacity Utilization 75 Aug. 74.7 72.6 FRB
S&P 500 (weekly) 1,216 9/16 1,154 1,149 Yahoo! Finance
Steel (spot price) $939 May $920 $770 Locker
* Dodge Index: 2000 = 100
         
** railcar loadings - year ago = '08
         
Notes: Baltic Dry Index, Railcar Loadings, and S&P 500 index are the only three data points updated weekly. All other data updated as information becomes available. Year-ago data for Non-Residential Starts and for-hire Truck Tonnage is on a comparable basis (percentage up/down for this month’s number vs. one year ago).

TEUs = “twenty-foot equivalent units,” a measure of shipping containers used by ports.

Sources:
AAR = American Association of Railroads, www.aar.org
AIA = American Institute of Architects, www.aia.org
BofC = Bureau of the Census, www.census.gov
Bloomberg = www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND
BLS = Bureau of Labor Statistics, www.bls.gov
FRB = Federal Reserve Board, www.federalreserve.gov
IATA = International Air Transportat Association, www.iata.org
Locker = Locker Associates, www.lockerassociates.com
MHC = McGraw-Hill Construction, www.construction.com
Port of Long Beach = www.polb.com/about/port_stats/latest_monthly_teus.asp
Port of Los Angeles = www.portoflosangeles.org/maritime/stats.asp
RCD = Reed Construction Data, www.reedconstructiondata.com
Connexion Connexion AT 10:26 am   |  Permalink   |  0 Comments  |  Email
Monday, 19 September 2011

Evidence of the increasing interest in green construction can be seen in the numbers from ENR's Top 100 Green Contractors list. As a group, the Top 100 generated $44.41 billion in contracting revenue in 2010 from projects registered with, and actively seeking certification from, third-party ratings groups under objective sustainable-design standards, such as the U.S. Green Building Council's Leadership in Energy and Environmental Design standards...

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Connexion Connexion AT 06:47 am   |  Permalink   |  0 Comments  |  Email
Friday, 16 September 2011

It’s a mixed bag of commercial construction news for shopping center developement. On one hand, retail sales continue to show improvement from last year, yet the suburban shopping mall – or at least the traditional enclosed shopping mall – seems to be on the way out. So what’s a successful shopping center developer to do with his or her empty mall..?

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Connexion Connexion AT 10:45 am   |  Permalink   |  0 Comments  |  Email
Friday, 16 September 2011

The negative economic news continues to flow. The health of Euro zone finances remains in question. Gold prices hover close to all time highs. The United States economy treaded water in August, netting no new jobs. U.S. consumers are more pessimistic than ever. Private construction spending fell in July...

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Connexion Connexion AT 09:00 am   |  Permalink   |  0 Comments  |  Email
Tuesday, 13 September 2011

According to Vertical Research Partners analyst Jeffrey Sprague, "Cooper keeps shrinking in relative size in the consolidating electrical industry and Eaton still has a misunderstood identity with investors which leads to a subpar valuation -  “The merger of the two companies could solve both these problems and create significant shareholder value...”

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Connexion Connexion AT 04:34 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, 13 September 2011
Indicator/Frequency Reading Month Previous Year Ago Source

Construction     
Architecture Billings Index 45.1 July 46.3 n/a AIA
Construction Spending YTD $435.54 July $357.49 $451.17 Census
Dodge Index 83 July 92 87 MHC
Single-Family Housing Starts 40,200 July 44,600 40,700 Census

Shipping     
Air Freight Demand -0.4% July -3.0% n/a IATA
Baltic Dry Index (weekly) 1,838 9/2 1,740 2,988 Bloomberg
For-Hire Truck Tonnage 114.0 July 115.5 -1.30% ATA
Inbound Shipping (TEUs) 290,314 July 271,113 293,878 Pt of Long Beach
Railcar Loadings (weekly) -0.4% 9/3 -0.8% n.r. AAR
Outbound Shipping (TEUs) 165,135 July 163,137 146,369 Pt. of Los Angeles

Other Indicators     
EC Field Employees 586,700 June 567,300 575,500 BLS
Electrical Distributor Employees 138,600 July 137,900 136,800 BLS
Manufacturing Capacity Utilization 75 July 74.6 72.4 FRB
S&P 500 (weekly) 1,154 9/9 1,174 1,126 Yahoo! Finance
Steel (spot price) $939 May $920 $770 Locker
* Dodge Index: 2000 = 100
         
** railcar loadings - year ago = '08
         
Notes: Baltic Dry Index, Railcar Loadings, and S&P 500 index are the only three data points updated weekly. All other data updated as information becomes available. Year-ago data for Non-Residential Starts and for-hire Truck Tonnage is on a comparable basis (percentage up/down for this month’s number vs. one year ago).

TEUs = “twenty-foot equivalent units,” a measure of shipping containers used by ports.

Sources:
AAR = American Association of Railroads, www.aar.org
AIA = American Institute of Architects, www.aia.org
BofC = Bureau of the Census, www.census.gov
Bloomberg = www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND
BLS = Bureau of Labor Statistics, www.bls.gov
FRB = Federal Reserve Board, www.federalreserve.gov
IATA = International Air Transportat Association, www.iata.org
Locker = Locker Associates, www.lockerassociates.com
MHC = McGraw-Hill Construction, www.construction.com
Port of Long Beach = www.polb.com/about/port_stats/latest_monthly_teus.asp
Port of Los Angeles = www.portoflosangeles.org/maritime/stats.asp
RCD = Reed Construction Data, www.reedconstructiondata.com
Connexion AT 04:31 pm   |  Permalink   |  0 Comments  |  Email
Monday, 12 September 2011

Tablets on the jobsiteConstruction sites are now buzzing with tablets. How will they play into your mobile strategy? Tablets are offering construction users new ways to speed up communication, obtain client approvals, complete inspections, arrange logistics and manage other complications in a industry mocked for its glacial pace of tech adoption. Online Extra: Watch a video of a ready-mix operator in his iPad-centric workday...

Read the full story

Connexion Connexion AT 07:41 am   |  Permalink   |  0 Comments  |  Email
Thursday, 08 September 2011
Indicator/Frequency Reading Month Previous Year Ago Source

Construction     
Architecture Billings Index 45.1 July 46.3 n/a AIA
Construction Spending YTD $435.54 July $357.49 $451.17 Census
Dodge Index 83 July 92 87 MHC
Single-Family Housing Starts 40,200 July 44,600 40,700 Census

Shipping     
Air Freight Demand -0.4% July -3.0% n/a IATA
Baltic Dry Index (weekly) 1,740 9/2 1,541 2,835 Bloomberg
For-Hire Truck Tonnage 114.0 July 115.5 -1.30% ATA
Inbound Shipping (TEUs) 290,314 July 271,113 293,878 Pt of Long Beach
Railcar Loadings (weekly) -0.8% 8/27 1.1% n.r. AAR
Outbound Shipping (TEUs) 165,135 July 163,137 146,369 Pt. of Los Angeles

Other Indicators     
EC Field Employees 586,700 June 567,300 575,500 BLS
Electrical Distributor Employees 138,600 July 137,900 136,800 BLS
Manufacturing Capacity Utilization 75 July 74.6 72.4 FRB
S&P 500 (weekly) 1,174 9/2 1,177 1,110 Yahoo! Finance
Steel (spot price) $939 May $920 $770 Locker
* Dodge Index: 2000 = 100
         
** railcar loadings - year ago = '08
         
Notes: Baltic Dry Index, Railcar Loadings, and S&P 500 index are the only three data points updated weekly. All other data updated as information becomes available. Year-ago data for Non-Residential Starts and for-hire Truck Tonnage is on a comparable basis (percentage up/down for this month’s number vs. one year ago).

TEUs = “twenty-foot equivalent units,” a measure of shipping containers used by ports.

Sources:
AAR = American Association of Railroads, www.aar.org
AIA = American Institute of Architects, www.aia.org
BofC = Bureau of the Census, www.census.gov
Bloomberg = www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND
BLS = Bureau of Labor Statistics, www.bls.gov
FRB = Federal Reserve Board, www.federalreserve.gov
IATA = International Air Transportat Association, www.iata.org
Locker = Locker Associates, www.lockerassociates.com
MHC = McGraw-Hill Construction, www.construction.com
Port of Long Beach = www.polb.com/about/port_stats/latest_monthly_teus.asp
Port of Los Angeles = www.portoflosangeles.org/maritime/stats.asp
RCD = Reed Construction Data, www.reedconstructiondata.com
Connexion Connexion AT 02:19 pm   |  Permalink   |  0 Comments  |  Email
Monday, 05 September 2011

Associated Builders and Contractors (ABC) recently reported that its construction backlog indicator (CBI) rose 10% in the second quarter of 2011 to an average of 8.1 months, up from 7.3 months the previous quarter. The CBI is 12% higher than one year ago. CBI is a forward-looking indicator that measures the amount of construction work under contract to be completed in the future...

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Connexion Connexion AT 09:35 am   |  Permalink   |  0 Comments  |  Email
Monday, 05 September 2011

Contractors are shifting their focus to new and emerging markets, which can be seen in the Top 225's regional revenue breakdowns. International revenue fell 6.6% to $94.18 billion in Europe. It also fell 6.6% in the Middle East to $72.43 billion and 6.5% to $32.61 billion in the U.S...

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Connexion Connexion AT 09:32 am   |  Permalink   |  0 Comments  |  Email
Monday, 05 September 2011

The value of new construction starts dropped 10% in July to a seasonally adjusted annual rate of $394.7 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The decline followed a 15% gain in June, and returned total construction to the lower end of its recent range...

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Connexion AT 09:30 am   |  Permalink   |  Email
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