Construction Industry News

NEW YORK (June 7, 2022) — COWI, in joint venture with CHA Consulting, Inc. (CHA) as the owner's engineer, provided quality oversight to support the Triborough Bridge and Tunnel Authority (TBTA) in the completion of five design-build contracts worth $123 million to rehabilitate the Hugh L. Carey and Queens Midtown Tunnels. The upgrade project has advanced current systems, enhancing public safety and reliability of the city’s transport network.

HAMILTON, N.J. (June 7, 2022) — The Dodge Momentum Index (DMI) jumped 7% in May to 176.2 (2000=100), up from the revised April reading of 165.2. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year. In May, the institutional component of the Momentum Index rose 9%, and the commercial component increased 6%.

BIRMINGHAM, Ala. (May 24, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with DivvyPay Inc.

The live, online event, “5 Ways Construction Businesses Can Cut Costs & Improve Cash Flow in 2022,” will take place June 16, 2022, at 1 p.m. CDT and will share how contractors can boost their bottom line by cutting costs, managing expenses and improving cash flow.

TOKYO (May 23, 2022) — According to Reuters, the White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an administration official said on Monday.

Diesel is essential for the U.S economy, powering farms and the construction sector along with the trucks, trains and boats that help move goods. Rising diesel prices will help drive up inflation, which has hit 40-year highs.

MILWAUKEE (May 19, 2022) — The Association of Equipment Manufacturers (AEM) released The Future of Building, a white paper detailing the drivers influencing how the construction industry could transform over the next 10 years in North America.

WASHINGTON (May 18, 2022) — According to Reuters, the United States will grant employers as many as 35,000 further H-2B visas for seasonal guest workers starting jobs between April 1 and Sept. 30.

The expansion of the H-2B visas, used to employ landscapers, housekeepers, hotel employees and construction and carnival workers, among others, for the busy summer vacation season comes amid record job growth and a U.S. labor crunch despite worries over some economic headwinds.

HAMILTON, N.J. (May 17, 2022) — Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%.

WASHINGTON (May 16, 2022) — The U.S. Department of Transportation (DOT) announced that the application process is now open for communities of all sizes to apply for $1 billion in Fiscal Year 2022 funding to help them ensure safe streets and roads for all and address the national roadway safety crisis.

MOLINE, Ill. (May 10, 2022) — Even with supply chain issues and labor shortages, U.S. equipment rental revenue, including both construction and general tool, is expected to grow by 11.1% to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by the American Rental Association (ARA). 

PORTLAND, Ore. (May 10, 2022) — KEEN Utility, the work boot division of KEEN Inc. (KEEN), launched the She Builds Grant Program to champion the next generation of tradeswomen. The program pledges $1M in much needed product and financial support over the next five years to trailblazing nonprofit organizations in the United States and Canada dedicated to the empowerment and education of women seeking a career in the skilled trades.

HAMILTON, N.J. (May 6, 2022) — The Dodge Momentum Index (DMI) moved 6% higher in April to 164.8 (2000=100), up from the revised March reading of 155.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year.

BIRMINGHAM, Ala. (May 5, 2022) — Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with LaborChart, a Procore Company.

WASHINGTON (May 6, 2022) — The construction industry added 2,000 jobs on net in April, but nonresidential construction employment decreased by 2,000 positions, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 235,000 jobs, an increase of 3.2%. 

DENVER (May 5, 2022) — Trilon Group (Trilon), a family of infrastructure consulting businesses backed by Alpine Investors, today announced new partnerships with DRMP Inc. (DRMP) and ESI Consultants (ESI) that continue to advance Trilon towards its vision of building the next Top 20 infrastructure services firm in North America. 

GREENVILLE, S.C. and CINCINNATI, Ohio (May 4, 2022) — AMECO, a leading provider of construction and maintenance Site Services planning and delivery, announced today that it has acquired F&M MAFCO, an international supplier of tools and equipment rental, sales and service programs.

WASHINGTON (May 3, 2022) — The construction industry had 396,000 job openings in March 2022, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics. Industry job openings increased by 13,000 in March and are up 60,000 from the same time last year.

IRVING, Texas, SANTA MONICA, Calif. and SCHAUMBURG, Ill. (May 3, 2022) — PrimeSource Brands, a North American provider of specialty branded residential building products backed by Clearlake Capital Group, L.P., announced that it has acquired Axxis, LLC, a provider of fastening tools and collated fasteners. The transaction is PrimeSource’s fourth acquisition during Clearlake’s ownership. Financial terms were not disclosed.

URBANDALE, Iowa (May 2, 2022) — Kerry Koberg, strategic accounts manager for DICA, was named chairman of the Specialized Carriers & Rigging Association’s (SC&RA) Allied Industries Governing Committee.  Koberg’s nomination was approved on April 26 during the association’s annual conference in Washington, D.C. 

WASHINGTON (April 29, 2022) — Associated Builders and Contractors (ABC) today unveiled its 2022 Safety Performance Report, an annual, comprehensive study of the impact of the STEP Safety Management System and guide to safety best practices on construction jobsites. STEP is a proven system, more than 30 years old, that enables top-performing members to achieve incident rates 645% safer than the U.S. Bureau of Labor Statistics construction industry average.

LAKE MARY, Fla. (April 28, 2022) — FARO Technologies, Inc., a global leader in 4D digital reality solutions, announced it has joined forces with Oracle to help architecture, engineering and construction (AEC) professionals create opportunities to solve their toughest challenges at the new Oracle Industry Lab.