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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.

  • Equipment Finance Industry Confidence Eases in August
    WASHINGTON (Aug. 19, 2021) — The Equipment Leasing & Finance Foundation released the August 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions
    Read More →: Equipment Finance Industry Confidence Eases in August

  • Construction Employment Lags Pre-Pandemic Peak in 36 States As Delta Variant Threatens to Hold Down Further Gains
    ARLINGTON, Va. (Aug. 20, 2021) — Construction employment in July remained below the levels reached before the pre-pandemic peak in February 2020 in 36 states, according to an analysis by the Associated General
    Read More →: Construction Employment Lags Pre-Pandemic Peak in 36 States As Delta Variant Threatens to Hold Down Further Gains

  • Doosan Infracore Sold to Hyundai Heavy Industries Holdings Co.
    SUWANEE, Ga. (Aug. 19, 2021) — Aug. 20, 2021 is the official close and completion date of the Doosan Infracore (DI) sale to Hyundai Heavy Industries Holdings Co. (HHIH).  Doosan Infracore will
    Read More →: Doosan Infracore Sold to Hyundai Heavy Industries Holdings Co.

  • OSHA Recommends Masks, Even for Vaccinated Workers
    WASHINGTON (Aug. 20, 2021) — The U.S. Department of Labor’s Occupational Safety and Health Administration has issued updated guidance to help employers protect workers from the coronavirus. The updated guidance reflects developments in science
    Read More →: OSHA Recommends Masks, Even for Vaccinated Workers

  • $1.3M in Penalties Proposed for Contractor After 2 Die at Boston Dig Site
    BOSTON (Aug. 18, 2021) — On Feb. 24, 2021, at a sewer repair worksite on High Street in downtown Boston, Jordy Alexander Castaneda Romero, 27, and Juan Carlos Figueroa Gutierrez, 33, died after
    Read More →: $1.3M in Penalties Proposed for Contractor After 2 Die at Boston Dig Site

  • ARA Forecast Shows Improved Outlook for Rental Revenue & Investment
      MOLINE, Il. (Aug. 15, 2021) — The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, has improved over the last quarter. The updated second quarter
    Read More →: ARA Forecast Shows Improved Outlook for Rental Revenue & Investment

  • Demand for Design Activity Continues to Expand
    WASHINGTON  (Aug. 18, 2021) — The Architecture Billings Index (ABI) recorded its sixth consecutive positive month, according to a new report from The American Institute of Architects (AIA). The ABI score for July
    Read More →: Demand for Design Activity Continues to Expand

  • Gilbane Building Company Joins With General Contractors to Launch ‘Construction Inclusion Week’
    PROVIDENCE, R.I. (Aug. 17, 2021) — Gilbane Building Company has announced that it will be joining five other general contractors: DPR Construction, Turner, Mortenson, McCarthy and Clark Construction Group to announce
    Read More →: Gilbane Building Company Joins With General Contractors to Launch ‘Construction Inclusion Week’

  • MAZO Capital Announces New Strategic Partnership With Heave
    IRVINE, Calif. (Aug. 17, 2021) — MAZO Capital Solutions, a leading full-service commercial finance company dedicated to serving America’s small business community, has announced a significant strategic partnership with Heave, the Tampa-based heavy equipment
    Read More →: MAZO Capital Announces New Strategic Partnership With Heave

  • Ritchie Bros. Sells $99+M of Equipment in its Largest-Ever Pipeline Construction Auction
    HOUSTON (Aug. 16, 2021) — Last week Ritchie Bros. sold US$99+ million of pipeline construction equipment in its largest-ever single-owner auction, for Barrilleaux Inc. In less than two days, the company sold
    Read More →: Ritchie Bros. Sells $99+M of Equipment in its Largest-Ever Pipeline Construction Auction

  • Contractors Struggle With Supply Challenges as Producer Prices Rise
    ARLINGTON, Va. (Aug. 12, 2021) — Extreme price increases continued in July for a wide range of goods and services used in construction, according to an analysis by the Associated General Contractors of
    Read More →: Contractors Struggle With Supply Challenges as Producer Prices Rise

  • Hensel Phelps Expands Water & Wastewater Capabilities with Addition of Hydro Construction
    GREELEY, Colo. (Aug 9, 2021) — The Hensel Phelps board of directors has announced the addition of Hydro Construction to Hensel Phelps. Based in Fort Collins, Colorado, Hydro Construction specializes in the construction
    Read More →: Hensel Phelps Expands Water & Wastewater Capabilities with Addition of Hydro Construction

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