Construction Industry News

APOPKA, Fla. (Aug. 27, 2024) — KENPAT and its affiliated companies announced the appointment of Etienne Wolmarans as group president.

WASHINGTON (Aug. 23, 2024) — The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in July:
•    New business volume (NBV) was $11.1 billion, up 13% from July 2023.

ENGLEWOOD, Colo. (Aug. 22, 2024) — Kodiak Building Partners, a leading building materials distribution company, announced today they have won the Denver Business Journal’s “Partners in Philanthropy” award for 2024. The prestigious award honors outstanding commitment to supporting metro Denver area nonprofit and charitable organizations. 

SCOTTSDALE, Ariz. (Aug. 20, 2024) — Arcoro, an HR software company for the construction and field services industries, announced that Megan Stillerman has been appointed as chief customer officer (CCO). The appointment marks a first for Arcoro.

WASHINGTON (Aug. 13, 2024) — Construction input prices increased 0.4% in July 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 released today. Nonresidential construction input prices also increased 0.4% for the month.

LIVERMORE, Calif. (Aug. 19, 2024) — Topcon Positioning Systems has announced that Ray O’Connor, president and CEO, will retire in September 2025 after over three decades of leadership. O’Connor will transition to the role of chairman of the Topcon Positioning Systems board of directors effective Sept. 1, 2024, providing guidance and support to the executive leadership team during this year of transition.

RACINE, Wis. (Aug. 14, 2024) — CASE Construction Equipment has expanded its electric (EV) toolbox for municipal crews, utility teams, urban construction and other contractors with the commercial release of its 580EV, the industry’s first electric backhoe loader. CASE’s EV backhoe loader will soon be followed by the commercial availability of two additional EV machines — the CX25EV 2.5-metric ton mini excavator and the CL36EV 3.6-metric ton compact wheel loader.

BEDFORD, Mass. (Aug. 7, 2024) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 from the revised June reading of 200.5. Over the month, commercial planning increased by 6.8%, and institutional planning expanded by 11.1%.   

MOORE, S.C. (Aug.13, 2024) — Chris Burdette of Greenville, South Carolina, has been named director of operations at the Takeuchi-US compact track loader production facility in Moore, South Carolina.

CLEVELAND (July 31, 2024) — CBIZ Inc. a national provider of financial, insurance and advisory services, announced that it has entered into a definitive agreement to acquire the non-attest business of Marcum LLP, which will make CBIZ the seventh-largest accounting services provider in the U.S. with approximately $2.8 billion in annual revenue.

LINDON, Utah (Aug. 8, 2024) — PCF Insurance Services, a top 20 U.S. insurance brokerage, has acquired the insurance business of DLD Insurance Brokers, marking the company's ninth significant acquisition in 2024.

WASHINGTON (Aug. 2, 2024) — The construction industry added 25,000 jobs on net in July, 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 239,000 jobs, an increase of 3.0%. 

VIRGINIA BEACH, Va. (Aug. 6, 2024) — Hampton Roads Sanitation District (HRSD) has chosen Garney as the design-builder for the Nansemond SWIFT Facility, an advanced water treatment facility in Suffolk, Virginia. Garney leads the project team, which includes Tetra Tech as the lead design engineer, Carollo Engineers specializing in advanced treatment design and MEB as a contractor partner.

KENNEDY TOWNSHIP, Pa. (Aug. 1, 2024) — Rosedale Technical College announced the launch of its new carpentry program, aimed at preparing students for employment in carpentry and construction. The new 16-month program equips students with the necessary knowledge, skills

WASHINGTON (July 17, 2024) — Spending on nonresidential buildings is projected to increase more than 7% this year, according to The American Institute of Architects (AIA) midyear Consensus Construction Forecast. The spending will slow to only 2% in 2025 as market challenges continue to impact the pace of growth.

ANAHEIM, Calif. (July 29, 2024) — Isuzu Commercial Truck of America Inc. has been awarded zero-emission certifications by the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA) for the Isuzu NRR-EV.

AUBURN, Ala. (July 24, 2024) — Stone Martin Builders (SMB), a homebuilder across Alabama and the region, announced a new division dedicated to providing commercial construction services. The Alabama builder will launch Stone Martin Commercial to meet the needs of developers seeking to build master-plan communities and small-scale construction projects that blend into the local community.

ATLANTA (July 25, 2024) — Takeuchi is demonstrating commitment to environmental preservation by developing and implementing sustainable technologies wherever and whenever possible. Takeuchi facilities have been transformed to carbon neutral was part of that plan, first in Japan and then in the U.S. Recently, Takeuchi-US put that plan into action by installing energy-efficient solar panels at its locations in Pendergrass, Georgia, and Moore, South Carolina.

NEW YORK (July 18, 2024) — New York-based Coast, which offers solutions for U.S. companies to manage fuel and fleet spending, has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures and Avid Ventures, as well as new investors Thomvest.

WASHINGTON (July 19, 2024) — Today, the National Labor Relations Board (NLRB) moved to withdraw its appeal of the U.S. District Court for the Eastern District of Texas’ decision to vacate the 2023 Joint Employer final rule, which means the court’s favorable decision will become final. The Board had appealed the decision on May 7.