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.
EXTON, Pa. (July 1, 2024) — Following the CEO transition plan previously announced by Bentley Systems Incorporated, Nicholas Cumins is taking over as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes executive chair of its board of directors.
Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development.
CHICAGO (June 27, 2024) — Samsara Inc. has announced new products and solutions built to empower the physical operations leaders who run the world. The Beyond conference, taking place June 26-28 in Chicago, Illinois, gathers over 2,000 innovators across the industry, including Fortune 500 companies such as DHL, Sysco, SLB, and more.
BEDFORD, Mass. (June 20, 2024) — Total construction starts rose 10% in May to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network. Nonbuilding starts gained an impressive 49% during the month, driven by the start of an offshore wind project and an LNG facility, while residential starts lost 7% and nonresidential building starts were down 2%.
BIRMINGHAM, Ala. (June 24, 2024) — Go Build Alabama announced the launch of the Go Build Alabama Job Board, a platform designed to simplify the job search process for career seekers and Alabama-licensed commercial and industrial construction employers across the state. Offering a wide range of skilled trade job opportunities, from craft/field positions to administrative and sales roles, this centralized job board aims to strengthen Alabama’s workforce and economy.
LOS ANGELES (June 24, 2024) — ServiceTitan, a software platform built to power the trades, announced an exclusive partnership with Southland Industries, a commercial mechanical, electrical and plumbing (MEP) contracting firm. This new partnership will deploy ServiceTitan’s platform across Southland’s subsidiary, The Brandt Companies, followed by Southland’s service division.
HAMPSHIRE, Ill. (June 20, 2024) — Midwest Companies, an Illinois-based sustainable waste management company, announces its newly-built construction and demolition recycling facility in Hampshire, Illinois. Midwest Companies is a parent company operating a family of sustainable waste management brands, including Midwest Material Management (MMM), a business that provides demolition, recycling and industrial waste disposal for the construction and railroad industries.
CINCINNATI (June 19, 2024) — STACK Construction Technologies, a cloud-based construction software platform, announced the promotion of Ray DeZenzo to president, assuming responsibility for product as well as continuing to lead overall business operations.
Mammoet, a global provider in engineered heavy lifting and transport, has started assembling the world’s strongest land-based crane, the SK6000, at its Westdorpe facility in the Netherlands.
This project marks a new era in heavy lifting technology, offering unprecedented lifting capacity and reach, and opening up new construction methodologies for large projects.
The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges.
The index is produced by Marcum’s National Construction Services group.
SALINAS VICTORIA, NUEVO LEON, MEXICO (June 14, 2024) — Bobcat Company, a global equipment, innovation and worksite solutions brand, held a ceremonial groundbreaking June 13 for its new, $300-million manufacturing facility in Mexico.
Located in the Salinas Victoria municipality, outside of Monterrey in the state of Nuevo Leon, Mexico, the 700,000-square-foot facility is expected to be operational in 2026.
WASHINGTON (June 7, 2024) — The construction industry added 21,000 jobs on net in May, 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 increased by 251,000 jobs, an increase of 3.1%.
IRVING, Texas (June 11, 2024) — Caterpillar Inc. announced a $500,000 donation to the Associated Equipment Distributors Foundation (AEDF) in support of AEDF’s Vision 2025 Campaign. The campaign is designed to address the technician shortage within the equipment distribution industry. It is also focused on strengthening the industry’s future by improving programs offered to students across U.S.
ALACHUA, Fla. (June 5, 2024) — The National Center for Construction Education and Research (NCCER) released its 2024 Construction Craft Salary Survey, and the results reflect high earning potential for skilled craft professionals. NCCER received responses from 183 organizations representing nearly 323,000 employees from the industrial, commercial and residential construction industries across the U.S.
CLEVELAND (June 5, 2024) — Diversified Fall Protection (DFP), a turnkey fall protection integrator in the U.S. for regulatory-driven systems and services, has named Kynan Wynne as chief people officer. This marks the first time in the company’s history that an executive has been appointed to this role, a reflection of the company’s commitment to the ongoing support of its employees and dedication to building an empowering culture.
LOS ANGELES (May 22, 2024) — ServiceTitan, a software platform built to power the trades, released its second annual Commercial Service Report, highlighting current trends and market sentiment for the commercial industry in 2024.
HAMILTON, Ohio (May 29, 2024) — Hamilton Caster & Mfg. Co., a 117-year-old manufacturer of heavy-duty industrial casters, wheels, carts and in-plant trailers, announced the appointment of Andrew D. Stamp as its new director of sales and business development. In this role, Stamp will lead a dynamic team of outside and inside sales professionals, driving innovation and business development to enhance sales performance and elevate the customer experience.
WAUKESHA, Wis. (May 29, 2024) — Brady Chuckel, president of Paul Davis of Southeast and Fox Valley, Wisconsin, and Waukegan, Illinois, a provider of fire and water damage cleanup, restoration and remodeling services, has announced the launch of PD Construction, the company’s new commercial property construction services division. Chuckel also named Paul Scott as president of the new division.
FARMINGTON HILLS, Mich. (May 29, 2024) — The American Concrete Institute (ACI) announces the formation of a new committee whose mission is to develop and report information on concrete made with brackish, saline, and brine water and sea aggregates. ACI Committee 243, Seawater Concrete, will host its inaugural meeting on Sunday, Nov. 3, 2024, at the ACI Concrete Convention in Philadelphia, Pennsylvania.
WASHINGTON (May 14) — Construction input prices increased 0.5% in April compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices increased 0.6% for the month.
