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.

After nearly a year of research and development of the Felling Trailers Inc.’s documented real-time torquing procedure, 100% of the company's safety-critical attachments, couplers, actuators and lug nuts are torqued and documented in real time.

The Dodge Momentum Index increased 0.5% in March to 145.5 (2000=100) from the revised February reading of 144.8. The March uptick was due to a 2.8%-increase in the commercial component of the Momentum Index, while the institutional component fell 3.0%. More details here. 

The American Institute of Architects (AIA) and the American Library Association (ALA) are awarding six libraries with the 2019 AIA/ALA Library Building Award for excellence in architectural design. Complete details here. 

Kinshofer, global manufacturer of high-quality excavator and loader crane attachments, is expanding its product line to include hydraulic breaker excavator attachments following the acquisition of Hammer SRL, an Italy-based manufacturer of demolition, excavation, recycling and material-handling attachments.

Miron Construction Co. Inc. has announced the promotion of Tony Creten to vice president of Wausau operations. In his new role, Tony will manage Miron’s Wausau office and lead Miron’s efforts across all markets throughout Miron’s Northern Wisconsin operations.

The final piece of structural steel was recently installed at the Liebherr USA, Co. new headquarters building—a significant construction milestone. The $45 million expansion also includes state of the art warehouse and workshop facility and will add over 251,000 square feet to the campus. 

Case Construction Equipment celebrated 50 years of skid steer manufacturing with a ceremony on Wednesday, April 3, at its Wichita, Kansas, plant. Case first built skid steers in 1969 at its Burlington, Iowa, facility, before eventually moving production to Wichita. 

Engcon’s new computerized and fully robotized production facility, with nearly $10 million invested in new manufacturing equipment over the next 3 years, will triple its production capacity. Details here. 

Lucintel reports the global construction aggregate market is expected to reach an estimated $452.4 billion by 2024 with a compound annual growth rate (CAGR) of 2.7% from 2019 to 2024. The major growth drivers for this market are growth in residential and non-residential construction activities, increasing urbanization and rising per capita income.

Pitts Enterprises has named JP Pierson president of Pitts Trailers, effective immediately. Pierson, who also serves as president of Dorsey Intermodal, will now oversee both Pittsview, Alabama-based divisions. Find the details here.