Welcome to our Construction Industry News page, where we bring you the latest updates on mergers and acquisitions, key new hires, and significant industry shifts. Stay informed with breaking news and in-depth reporting to keep up with the fast-paced changes shaping the construction business.
RALEIGH, N.C. (Dec. 29, 2014)—In the most recent white paper released by FMI, author Mike Rose shares an analysis of executive pay trends for the engineering and construction industry from 2008 through 2013. Key takeaways include:
SUNNYVALE, Calif. (Jan. 6, 2015)—Trimble announced Trimble ProjectSight, a cloud-based solution for construction field management that simplifies the creation, access and sharing of project information between the field and the office. The new solution provides mobile workers with access to up-to-date project information and smart workflows for increased productivity and more informed decision-making.
NEWPORT NEWS, Va. (Jan. 5, 2015)—Alaskan company Delta Industrial Services Inc. becomes a new dealer for the full line of Liebherr earthmoving and material handling equipment. Delta Industrial Services Inc. was founded in 1997, and brings invaluable arctic experience to Liebherr contractors and customers involved in large-scale earthworks, oil fields, mining, road construction and equipment logistics.
DALLAS, Texas (Dec. 29, 2014)—For the fourth year, World of Concrete is recognizing the accomplishments of crews in the commercial construction/masonry industry with the "Crews That Rock" competition, sponsored by BASF. The contest recognizes crew members for teamwork and contribution to the industry and their communities.
PERRYSBURG, Ohio (Dec. 22, 2014)—Asta Development, maker of the construction project scheduling software Asta Powerproject, is further expanding its North American network of resellers and distributors with the addition of Critical Business Analysis Inc. (CBA) to its roster.
PLEASANTON, Calif. and EAGAN, Minn. (Dec. 19, 2014)—IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent Cat dealers that operates under the name of Cat Auction Services, confirmed today that they have signed an agreement to merge the two companies.
TEMECULA, Calif. (Dec. 12, 2014)— GPSTrackIt.com is sponsoring a Christmas party for U.S. Marine Corps Wounded Warriors and their families on Saturday, Dec. 20th. The party will be held at the Western Eagle Foundation facility in Temecula, and will feature games, a reptile petting zoo, a bouncy house, a DJ, pictures of the kids with Santa and a raffle.
WASHINGTON (Dec. 15, 2014)—Investment in equipment and software is expected to grow 6 percent in 2015, driven by a steadily improving economy, according to the Annual 2015 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
WASHINGTON (Dec. 15, 2014)—The American Institute of Architects (AIA) today praised congressional passage of the National Defense Authorization Act.
The language reforms military procurement rules so that design and construction firms can deliver projects that are safe, productive and sustainable—without fear of losing money in the process. The bill now goes to President Obama for his expected signature.
ATLANTA (Dec. 11, 2014)—Tekla, a Trimble company, has announced the winners of its 2014 Tekla Global BIM Awards.
The winners were chosen by a jury of international BIM experts and by public vote. Competition entries included winners of regional Tekla BIM competitions held by Tekla area offices and resellers during 2014.
HOUSTON (Dec. 12, 2014)—“The demise of the shale revolution is greatly exaggerated,” cites FMI in an analysis of the U.S. oil market given the recent drops in crude oil pricing. In its Q4 Oil and Gas Advisor, FMI notes per rig, per day earnings in the Bakken oil basin, among others, are nearly double that of 2012.
WASHINGTON (Dec. 9, 2014)—Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. The reasonably brisk industry recovery in 2014 should continue in 2015, with momentum especially growing in segments closely related to the current American energy and industrial production resurgence.
DALLAS (Dec. 8, 2014)—International Risk Management Institute, Inc. (IRMI) is now accepting registrations for the IRMI Energy Risk & Insurance Conference on March 16–18, 2015, in Houston, Texas.
This conference brings together insurance buyers, risk managers, agents, brokers, underwriters, adjusters, attorneys, and others who must understand, mitigate, or insure the complex exposures of oil and gas exploration, production and servicing.
FULLERTON, Calif. (Dec. 4, 2014)—The design-build team of Petra Integrated Construction Strategies (Petra ICS), McCarthy Building Companies Inc. and Taylor Design recently completed construction of the St. Jude Medical Center Northwest Tower in Fullerton, California. The new $228 million healthcare facility, which opened in November 2014, was completed five months early and more than 10 percent under the original construction budget.
NEW YORK (Dec. 2, 2014)—Microdesk shared the top trends that will shape the architecture, engineering and construction (AEC) industry in 2015. The company surveyed its executive management team, customers and technology partners to gain their insights and perspectives on the coming year, and as a result, they have identified the following major trends as those that will directly impact the AEC industry in the coming year and beyond.
WASHINGTON (Dec. 3, 2014)—The 2014 U.S. Capitol Christmas tree was lit in a special ceremony attended by thousands of people on the Capitol’s West Front Lawn. This year marks the 50th anniversary of the traditional Capitol Hill Christmas tree ceremony, which was first begun by U.S. House Speaker John W. McCormack in 1964.
COVENTRY, England (Dec. 1, 2014)—Terex Construction announced the launch of a new distributor support application and responsive website. Both initiatives are part of a strategic focus on digital marketing technologies to improve the customer experience by providing easier access to information.
ESSEN, Germany (Nov. 27, 2014)—ThyssenKrupp’s latest offering, MULTI, represents a landmark revolution in the elevator industry and a new and efficient transport solution for mid- and high-rise buildings. The operation of multiple cabins in the same elevator shaft is made possible by applying linear-motor technology.
WASHINGTON (Nov. 24, 2014)—The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $903 billion equipment finance sector, showed overall new business volume for October was $8.3 billion, up 9 percent from new business volume in October 2013. Month over month, new business volume was down 12 percent from September.
RALEIGH, N.C. (Nov. 21, 2014) – FMI, provider of management consulting and investment banking* to the engineering and construction industry, announced the release of the 2014 Fourth Quarter Nonresidential Construction Index report. The NRCI shows a slight increase from 62.5 in the third quarter to 62.8 in the fourth quarter of 2014. This is nearly 5.5 points ahead of fourth quarter 2013. An NRCI greater than 50 indicates improvement or expansion.
