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.
Washington, D.C. (Dec. 17, 2013) -The Center for Green Schools at the U.S. Green Building Council (USGBC) announced its third annual “Best of Green Schools” list, which recognizes top educational institutions, individuals and initiatives across the country for environmental efforts.
As part of efforts to focus on its core business, the Volvo Group has agreed to sell Volvo Rents to the US private equity firm Platinum Equity for $1.1 billion. Volvo Construction Equipment will continue to sell products to Volvo Rents under the new ownership.
The Volvo Group has announced that it is to sell its Volvo Rents business in North America to private equity company Platinum Equity for $1.1 billion (approx. SEK 7.2 billion).
WASHINGTON (December 16, 2013) – A pronounced shift in housing and neighborhood preferences has occurred during the last decade, with strong and growing demand for infill development, mixed-use projects, access to public transportation and high-density development. There is also an emerging desire for communities that promote a healthy lifestyle through more pedestrian-friendly design and increased access to recreational activities.
NEWPORT BEACH, Calif., (December 13, 2013) – ENR magazine named The Bill Holmes Tower at CHOC Children’s Hospital a 2013 Best Health Care Project. Design and construction team members from CHOC Children’s, McCarthy Building Companies, Jacobs and FKP Architects accepted the award Dec. 5 at the Long Beach Marriott during ENR’s annual award ceremony.
GREENVILLE, S.C. (Dec. 12, 2013) – Michelin held an event to mark the opening of its newest manufacturing facility in South Carolina. Michelin executives and employees were joined by dozens of dignitaries from across the state to celebrate the milestone just 17 months after breaking ground on the Anderson County facility, which will produce large tires for earthmoving equipment.
WASHINGTON (December 12, 2013) – Investment in equipment and software is expected to grow 3.1 percent in 2014 as economic conditions solidify and business confidence continues to recover, according to the Annual 2014 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. Equipment investment is expected to grow across most verticals, as underlying economic fundamentals continue to improve.
RALEIGH, N.C. (December 4, 2013) – FMI, a provider of management consulting and investment banking* to the engineering and construction industry, announced the release of the 2013 Fourth Quarter Nonresidential Construction Index report. The NRCI shows a 2.9 point drop in the fourth quarter to 57.4. However, the score is still ahead of fourth quarter 2012 by 1.9 points.
WASHINGTON (December 3, 2013) – Current federal contracting laws are discouraging talented architects from competing for federal contracts, depriving government and, by inference, taxpayers of the best design expertise available, according to AN AIA testimony presented on Capitol Hill.
WEST FARGO, N.D. (December 3, 2013) — Doosan has kicked off the CONEXPO-CON/AGG VIP contest, offering customers the opportunity to win a trip to the 2014 CONEXPO/CON-AGG trade show in Las Vegas, Nev.
To enter, customers must visit http://www.doosanequipment.com/dice/VIP/Contest_Form.page before Jan. 31, 2014, and answer the question, “Why should I be chosen as the Doosan VIP?”
ARLINGTON, VA. (DEC. 2, 2013) - An unusual surge in public construction in October pushed total construction spending to its highest level since May 2009 despite a dip in both private residential and nonresidential activity, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make water and surface transportation investment a top federal priority.
RALEIGH, N.C. (December 2, 2013) – FMI, a provider of management consulting and investment banking to the engineering and construction industry, announces the release of the 2013 Fourth Quarter Nonresidential Construction Index report. The NRCI shows a 2.9 point drop in the fourth quarter to 57.4. However, the score is still ahead of fourth quarter 2012 by 1.9 points.
WASHINGTON (Nov. 25, 2013) -- Turner Construction Company and the National Building Museum are pleased to announce the selection of the Lean Construction Institute as the recipient of the 2013 Turner Prize. The Prize, established in honor of the company's founder, Henry C. Turner, recognizes significant achievement, innovation, and exemplary leadership.
WORCESTER, PENN. - (November 26, 2013) - American Infrastructure,a heavy construction company and materials supplier, announced that its Allan A. Myers division received the Associated Builders & Contractors (ABC) Eastern Pennsylvania Chapter's Award of Excellence for its Pennsylvania Turnpike new electronic interchange project at Exit 320 in Great Valley, Pa. Phil Scala, superintendent at Allan A.
WASHINGTON (November 25, 2013) — 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 $827 billion equipment finance sector, showed their overall new business volume for October was $7.6 billion, unchanged from new business volume in October 2012.
(November 22, 2013) - Construction employment increased in 39 states during the past 12 months, the most widespread gains since April 2012, according to an analysis today by the Associated General Contractors of America of Labor Department data. Association officials said action on needed infrastructure investments for water and transportation projects would help support continued employment growth for the industry.
PHILADELPHIA (November 20, 2013) — The U.S. Green Building Council (USGBC) announced that LEED v4, the newest version of the LEED green building program, launched at the annual Greenbuild International Conference and Expo in Philadelphia on Nov. 20. LEED has been a benchmark for the design, construction and operation of high-performance green buildings since 1998.
WASHINGTON (November 20, 2013) – The U.S. Environmental Protection Agency (EPA) has made available $2 million in funding for rebates to help public and private construction equipment owners replace or retrofit older diesel construction engines. The rebates will reduce harmful pollution and improve air quality in local areas.
WASHINGTON (November 19, 2013) – Associated Builders and Contractors (ABC) filed a request for an injunction in the U.S. District Court for the District of Columbia against an Aug. 27 rule from the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) that drastically alters federal contractors’ existing affirmative action and nondiscrimination obligations for individuals with disabilities.
NEW YORK (November 19, 2013) – A spike in construction-related fatalities coupled with a looming labor shortage highlight the need for a renewed focus on safety and leadership within the construction industry, Marsh said in a new report. According to the U.S. Bureau of Labor Statistics (BLS), private construction sector deaths in the U.S. increased 5 percent to 775 in 2012, marking the first annual increase in work-related fatalities since 2006.
NEW YORK (November 15, 2013) - U.S. construction firms on average paid more for their insurance in the first half of 2013 as underwriters continue to seek price increases across the breadth of their contractor portfolios, according to a report published by Marsh.
