Construction Industry News

SUNNYVALE, Calif. (Aug. 31, 2021) — Trimble has announced  the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries.

CHARLOTTE, N.C., (Aug. 30, 2021) — Concrete & Materials Placement (CMP), a concrete pumping company serving the Carolinas, has announced the strategic acquisition of Febcon Concrete Pumping, a Michigan-based concrete pumping company as of Aug. 30, 2021. As an industry leader in concrete pumping, this step further expands CMP's footprint across the Southeast.  

SCOTTSDALE, Ariz. (Aug. 26, 2021)— Restoration Builders, Inc. has announced that it has added Hubert Bourque to its ESG and Technology Group. He will guide the design, operations and environmental performance of technologies that align with the company's sustainability and environmental policies.

WASHINGTON (Aug. 19, 2021) — The Equipment Leasing & Finance Foundation released the August 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector.

ARLINGTON, Va. (Aug. 20, 2021) — Construction employment in July remained below the levels reached before the pre-pandemic peak in February 2020 in 36 states, according to an analysis by the Associated General Contractors of America (AGC) of government employment data.

SUWANEE, Ga. (Aug. 19, 2021) — Aug. 20, 2021 is the official close and completion date of the Doosan Infracore (DI) sale to Hyundai Heavy Industries Holdings Co. (HHIH). 

WASHINGTON (Aug. 20, 2021) — The U.S. Department of Labor's Occupational Safety and Health Administration has issued updated guidance to help employers protect workers from the coronavirus. The updated guidance reflects developments in science and data, including the Centers for Disease Control and Prevention's (CDC) updated COVID-19 guidance issued July 27, 2021.

BOSTON (Aug. 18, 2021) — On Feb. 24, 2021, at a sewer repair worksite on High Street in downtown Boston, Jordy Alexander Castaneda Romero, 27, and Juan Carlos Figueroa Gutierrez, 33, died after a dump truck struck and pushed them into a 9-foot deep trench.

MOLINE, Il. (Aug. 15, 2021) — The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, has improved over the last quarter. The updated second quarter forecast released by the American Rental Association (ARA) now calls for equipment rental revenue to exceed $47.8 billion in 2021, nearly a 3.5 percent increase over 2020 and greater than last quarter’s forecast that called for a 3.1 percent increase this year.  

WASHINGTON  (Aug. 18, 2021) — The Architecture Billings Index (ABI) recorded its sixth consecutive positive month, according to a new report from The American Institute of Architects (AIA).

PROVIDENCE, R.I. (Aug. 17, 2021) — Gilbane Building Company has announced that it will be joining five other general contractors: DPR Construction, Turner, Mortenson, McCarthy and Clark Construction Group to announce the inaugural “Construction Inclusion Week,” which will be held Oct. 18 — Oct. 22, 2021. Gilbane is chairing the first Construction Inclusion Week with the theme of “Building the Foundation for Inclusion.”

IRVINE, Calif. (Aug. 17, 2021) — MAZO Capital Solutions, a leading full-service commercial finance company dedicated to serving America's small business community, has announced a significant strategic partnership with Heave, the Tampa-based heavy equipment platform built to provide contractors the easiest and fastest way to receive quotes from dealers.

HOUSTON (Aug. 16, 2021) — Last week Ritchie Bros. sold US$99+ million of pipeline construction equipment in its largest-ever single-owner auction, for Barrilleaux Inc. In less than two days, the company sold 3,100+ items from three Barrilleaux locations in New Mexico and Texas to thousands of online bidders from around the world.  

ARLINGTON, Va. (Aug. 12, 2021) — Extreme price increases continued in July for a wide range of goods and services used in construction, according to an analysis by the Associated General Contractors of America (AGC) of government data. Association officials urged President Biden to immediately end tariffs and quotas on steel, aluminum, lumber and other essential construction items to help stave off inflationary pressure in the construction industry.

GREELEY, Colo. (Aug 9, 2021) — The Hensel Phelps board of directors has announced the addition of Hydro Construction to Hensel Phelps. Based in Fort Collins, Colorado, Hydro Construction specializes in the construction of water and wastewater treatment facilities and related projects.

WASHINGTON (Aug. 2, 2021) — Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator remained unchanged at 8.5 months in July, according to an ABC member survey conducted July 20-Aug. 2, up 0.7 months from July 2020.

WASHINGTON (Aug. 10, 2021) — The United States Senate has passed the bipartisan Infrastructure Investment and Jobs Act in a 69 to 30 vote this week. The bill would provide $550 billion in new infrastructure investments and, according to a White House fact sheet, will supply approximately 2 million jobs per year over the next decade.

MOUNTAIN VIEW, Calif. (Aug. 4, 2021) — Egnyte has published a research report that analyzes reported ransomware incidents among its architecture, engineering and construction (AEC) industry customers.

MILWAUKEE, Wis. (Aug 6, 2021) — The Manitowoc Company, Inc., a leading global manufacturer of cranes and lifting solutions, announced today that it has entered into a definitive agreement to acquire the crane business of H&E Equipment Services, Inc., one of the largest rental equipment companies in the U.S. Under the terms of the agreement, Manitowoc is expected to pay approximately $130 million funded by a combination of cash on hand and existing debt availability.

WASHINGTON (Aug. 6, 2021) —The nation’s construction industry added 11,000 jobs on net in July, according to an Associated Builders and Contractors (ABC) analysis of data by the United States Bureau of Labor Statistics. Overall, the industry has recovered 886,000 (79.6%) of the jobs lost during earlier stages of the pandemic.