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Here you will find the latest news and information from the construction industry. To keep up with the goings-on, don’t miss a thing by subscribing to our CBO Alert newsletter, as well as our all-product edition, the CBO Product Report.

  • Hyundai Construction Equipment North America Expands Dealer Network
    NORCROSS, Ga. (Apr. 7, 2025) — HD Hyundai Construction Equipment North America announced the addition to its dealer network of Johnson Tractor, Janesville, Wisconsin. Johnson Tractor will sell and service the
    Read More →: Hyundai Construction Equipment North America Expands Dealer Network

  • Economists Weigh in on Recession Fears
    WASHINGTON (April 7, 2025) — President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives and heightened many
    Read More →: Economists Weigh in on Recession Fears

  • ABC: Nonresidential Construction Spending Rises to Highest Level on Record in February
    WASHINGTON (April 1, 2025) — National nonresidential construction spending increased 0.3% in February, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On
    Read More →: ABC: Nonresidential Construction Spending Rises to Highest Level on Record in February

  • 27.2M Americans Planning Digging Projects Will Not Contact 811, Survey Finds
    WASHINGTON (April 1, 2025) — In observance of National Safe Digging Month in April, Common Ground Alliance (CGA) — the national association dedicated to protecting underground utility lines, people who dig
    Read More →: 27.2M Americans Planning Digging Projects Will Not Contact 811, Survey Finds

  • Russell Standard Aligns C-Suite With New COO, Signals Growth Strategy
    PITTSBURGH (March 24, 2025) — Russell Standard, a provider of asphalt materials and pavement preservation solutions, announced key executive leadership changes. After more than 12 years of dedicated service, Bob Huitt,
    Read More →: Russell Standard Aligns C-Suite With New COO, Signals Growth Strategy

  • Komatsu America Corp. Announces CEO Transition
    March 27, 2025 — Komatsu America Corp. has announced that Rod Schrader will step down from his chairman and CEO roles on March 31, and will fully retire effective June 30,
    Read More →: Komatsu America Corp. Announces CEO Transition

  • Architecture Firm Billings Continue to Decline; Broader Economy Remains Generally Positive
    WASHINGTON (March 19, 2025) — The AIA/Deltek Architecture Billings Index (ABI) continues to weaken posting a score of 45.5 for February, indicating that a majority of firms are still experiencing declining
    Read More →: Architecture Firm Billings Continue to Decline; Broader Economy Remains Generally Positive

  • New Holland Construction Promotes Brian Weisbaum to Head of North American Business
    NEW HOLLAND, Pa. (March 24, 2025) — New Holland Construction has appointed Brian Weisbaum, a CNH veteran who has led several initiatives for both CNH construction brands, as the new head
    Read More →: New Holland Construction Promotes Brian Weisbaum to Head of North American Business

  • BuildOps Closes $127M in Series C Funding
    LOS ANGELES (March 21, 2025) — BuildOps, an all-in-one software platform built for modern commercial contractors, announced $127 million in Series C funding led by Meritech Capital Partners. The round propels
    Read More →: BuildOps Closes $127M in Series C Funding

  • Shawmut Design & Construction Tops $1 Billion in Revenue, Expands Leadership Team
    BOSTON (March 20, 2025) —  Shawmut Design and Construction, a $2 billion national construction management firm, has reached a major milestone in New England, surpassing $1 billion in revenue in 2024
    Read More →: Shawmut Design & Construction Tops $1 Billion in Revenue, Expands Leadership Team

  • Lytx Highlights Top Drivers and Coaches in 12th Annual Awards Program
    SAN DIEGO (March 18, 2025) — Lytx Inc., a provider of video and safety-driven efficiency, announced the winners of its 2025 Driver and Coach of the Year awards and shared their positive
    Read More →: Lytx Highlights Top Drivers and Coaches in 12th Annual Awards Program

  • Universal Adds Joseph Loudermilk as Executive VP
    TRUSSVILLE, Ala. (March 19, 2025) — Universal, part of the Lexicon Inc. family of companies, has appointed Joseph Loudermilk executive vice president. In this role, Loudermilk will utilize his two decades
    Read More →: Universal Adds Joseph Loudermilk as Executive VP

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