Construction Industry News

PITTSBURGH (March 24, 2025) — Russell Standard, a provider of asphalt materials and pavement preservation solutions, announced key executive leadership changes.

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, 2025. Rod Bull will become CEO of Komatsu North America Corp. effective April 1. Bull currently serves as executive vice president of Komatsu’s North America region. He brings nearly 25 years of leadership experience in the heavy equipment manufacturing industry, including 14 years with Komatsu. 

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 firm billings.  

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 of New Holland Construction, North America.

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 the company to "unicorn" status, achieving a $1 billion valuation and accelerating its mission to become the world’s largest commercial contractor platform.

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 — driven by larger, more complex projects and strong partnerships with long-standing and new clients. In response to this growth, Shawmut has strategically expanded its regional leadership team to ensure continued excellence in execution and client service.

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 impact on today’s roadways. Implementing Lytx’s fleet safety solutions, each honoree showcased their commitment to excellence and exceptional performance.  

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 of leadership experience in construction and manufacturing to oversee operations and strategic growth for Universal.

RICHMOND, Va. (March 2025) — The Propane Education & Research Council (PERC) has hired Joel Stutheit as senior manager of business development for its on-road market portfolio.

CHICO, Calif.(March 5, 2025) — Work Truck Solutions announced a collaboration with Ford Pro to launch an online tool that enables customers to search for and locate road and work-ready trucks and vans available in Ford dealer inventory.

NORTHBROOK, Ill. (March 12, 2025) — Teletrac Navman, a connected mobility platform and Vontier company, announced the findings of its AI & Driver Safety survey, a new supplement to its 2025 Distracted Driving & Driver Safety Report — which found that 83% of fleets say that artificial intelligence (AI) is the future of safety. 

CARPINTERIA, Calif. (March 10, 2025) — Procore Technologies Inc., a global provider of construction management software, announced that Founder, President and CEO Tooey Courtemanche intends to transition to executive chairman upon the appointment of a successor. In this position, he will continue to be deeply involved in the business and lead the board. Until that time, there will be no changes to Courtemanche’s current role as CEO.

ORLANDO, Fla. (March 11, 2025) — RedTeam, a provider of software-as-a-service (SaaS) solutions, announced the promotion of Patrick Brien to the role of chief revenue officer. This strategic move underscores the company’s commitment to optimizing its revenue-generating functions and accelerating growth.

WASHINGTON (March 7, 2025) — The construction industry added 19,000 jobs on net in February, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 174,000 jobs, an increase of 2.1%. 

INDIANAPOLIS (March 6, 2025) — Today during Work Truck Week 2025, Ben Winter, vice chairman/business development at Transfer Flow (Chico, California), was installed as 61st Board chair of NTEA – The Work Truck Association. He accepted the position from immediate past board chair Jason Ritchey, president/owner of Curry Supply Co. (Altoona, Pennsylvania).

CLEVELAND, Ohio (March 6, 2025) — The Metal Building Manufacturers Association (MBMA) addedsix new members to the rolls of the metal building systems leader. Waldroop Steel joins as a Building System member, with ARCO Design/Build, Curber Manufacturing, John J.

BOSTON (Feb. 21, 2025) — Total construction starts fell 6% in January to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential building starts receded 18% and residential starts decreased 1%, while nonbuilding starts moved 4% higher. On a year-over-year basis, total construction starts were down 6% from January 2024.

ANNECY, France (March 3, 2025) — The Fayat and Mecalac Groups have signed an agreement for the acquisition of the Mecalac Group by the Fayat Group. 

The transaction is subject to regulatory approval by the relevant competition authorities and is expected to be completed by the end of the first half of 2025. 

GREENVILLE, S.C. (Feb. 25, 2025) — Gordian, provider of data-driven solutions for all phases of the building life cycle, reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of 4.1% over the past year. This analysis is based on today’s release of 2025 RSMeans Data.

URBANDALE, Iowa (Feb. 24, 2025) — DICA, a provider of engineered outrigger pads, crane pads and ground protection products, announced Matt Sargent as chief financial officer (CFO) and Integrator and John “Pinky” Jansen as director of marketing.