News

WASHINGTON (Nov. 2, 2023) — The not seasonally adjusted national construction unemployment rate was 0.4% higher in September 2023 from the previous year, up from 3.4% to 3.8%. According to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors (ABC), 16 states had lower unemployment rates over the same period, five were unchanged and 29 states were higher.

SCOTTSDALE, Ariz. (Nov. 7, 2023) — Foresight Intelligence, a data analytics software provider for the construction industry, has introduced new artificial intelligence (AI)-powered features for its Fleet Intelligence solution that can be controlled by voice in English and Spanish.

HAMILTON, N.J. (Oct. 18, 2023) — Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%.

NEW YORK (Oct. 25, 2023) — Schimenti Construction, a construction services firm, announced its transition to an employee stock ownership plan (ESOP).

Dubai, United Arab Emirates (Oct. 26, 2023) — Online crane rental platform Mycrane has appointed Jason Brough as President, USA to lead its growth in the U.S.
 
Based in Birmingham, Alabama, Brough will use his extensive industry expertise in revenue generation, project management and sales and marketing to drive take-up of the world’s first online crane rental service in the U.S.

SAUK CENTRE, Minn (Oct. 25th, 2023) — Felling Trailers Inc. conducted its eleventh annual online auction of an FT-3 drop deck utility trailer to benefit a nonprofit organization: Pockets of Hope. A winning bid of $5,505.00 won the auction that ended at noon on Sept. 15. The bid winner was Joe Kostreba of Sauk Centre, Minnesota.

WASHINGTON (Oct. 11, 2023) — Construction input prices increased 0.2% in September 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. Nonresidential construction input prices increased 0.2% for the month as well.

NEW YORK (Oct. 19, 2023) — WINT Water Intelligence, a provider of water management and leak-prevention solutions for construction, commercial, residential and industrial applications, has been selected for the ESG Impact innovation program for 2023. ESG Impact is run by RealTechX, the programs arm of real asset technology investor, Taronga Ventures.

WASHINGTON (Oct. 17, 2023) — After a strong second quarter, equipment and software investment growth is expected to slow over the remainder of the year, according to the Equipment Leasing & Finance Foundation’s Q4 update to the 2023 Equipment Leasing & Finance U.S. Economic Outlook. The report revised its annual estimate for equipment and software investment growth to 3.0%, most of which occurred during the first half of the year.

KATY, Texas (Oct. 17, 2023) — Kobelco Construction Machinery USA, a global crawler excavator and crawler crane manufacturer, announced the retirement of Greg Ballweg.  

ATLANTA (Oct. 10, 2023) — Sage, a software provider for small and midsized businesses in the construction industry, announced the expansion of its construction cloud suite.

MOBILE, Ala. (Oct. 12, 2023) — Thompson Engineering, a multidisciplined engineering firm with offices in eight Southeastern states, announced Kendall Kilpatrick will be the company’s CEO effective Jan. 1, 2024. Kilpatrick succeeds John Baker, who will remain CEO and chairman of Thompson Holdings, the parent company of Thompson Engineering.

NASHVILLE, Ill. — On Thursday, Sept. 28, Montabert USA celebrated the launch of its new in-house repair and remanufacturing capabilities at the company’s North American Operations facility in Nashville, Illinois, about 50 miles east of St Louis.

BIRMINGHAM, Ala. (Oct. 12, 2023) — Construction Business Owner (CBO), the leading business magazine for contractors, is pleased to announce the eight finalists of its Outstanding Women in Construction (OWIC) 2023 honor.

HAMILTON, N.J. (Oct. 6, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 3% in September to 182.5 (2000=100) from the revised August reading of 178.0. Over the month, the commercial component of the DMI fell 1%, while the institutional component increased 9%.

FAIRFAX, Va. — Trench safety is the top priority of the National Utility Contractors Association (NUCA) and the American utility construction industry. Intense, realistic training for first responders is required to support successful trench rescues, and a new trench training site opened Oct.

WEST FARGO, N.D. (Oct.

WASHINGTON (Oct. 3, 2023) — The construction industry had 350,000 job openings on the last day of August, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting.

WEST LAFAYETTE, Ind. — Purdue University and Trimble are establishing the Trimble Technology Lab at Purdue, focused on teaching and research for construction management technology.

The lab is hosted by the School of Construction Management Technology within the Purdue Polytechnic Institute and will bring Trimble’s industry-leading construction technologies into a dedicated learning environment for Purdue students to learn and innovate. 

HAMILTON, N.J. (Sept. 20, 2023) — Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively.