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.
WASHINGTON (Jan. 16, 2024) — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for December.
ATLANTA (Jan. 23, 2024) — Corpay, a FLEETCOR brand, announced the launch of Corpay Complete, a next-generation spend management platform for corporate payments and spending. The payment solution is now available to new customers in the United States and Canada and to eligible existing customers.
TOWSON, Md. (Jan. 18, 2024) — DEWALT, a Stanley Black & Decker brand and provider of total jobsite solutions, announced the launch of DEWALT POWERSHIFT, an equipment system to optimize the workflow of concrete jobsites through electrification.
WOODLAND, Wash. (Jan. 17, 2024) — Crewtek, an eight-week accelerator program designed to prepare students for entry level load handling positions, announced that its first cohort of students has graduated.
MESA, Ariz. (Jan. 16, 2024) — A recent research study has raised significant concerns about the dangers of asbestos exposure for workers in the construction industry. The study, published in the Annals of Work Exposures and Health, reveals that the installation and removal of asbestos cement products pose grave risks, with exposure levels far exceeding the occupational limits set in the United States.
CHICO, Calif. (Jan.10, 2024) — Work Truck Solutions has released its 2023 Annual Commercial Vehicle Market Analysis.
IRVING, Texas (Jan. 8, 2024) — Caterpillar Inc. announced it has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is an aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar.
ATLANTA (Jan. 11, 2024) — Sage, a software provider for small and midsized businesses (SMBs) in the construction industry, today announced the acquisition of Bridgetown Software, owner of BidMatrix — a cloud-native bid analysis tool for the construction industry. This is Sage’s second acquisition in the construction sector within a year.
BEDFORD, Mass. (Jan. 8, 2024) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, rose 3% in December to 186.6 (2000=100) from the revised November reading of 181.5. Over the month, commercial planning grew 1.0% and institutional planning improved 6.1%.
WASHINGTON (Jan. 3, 2024) — National nonresidential construction spending decreased 0.1% in November, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau on Jan. 2. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.143 trillion.
SALT LAKE CITY (Dec. 19, 2023) — Pacific West Environmental & Infrastructure, formerly known as Pacific West LLC, is launching a new brand and new messaging to reflect its enhanced capabilities and expanded service area.
CLARKSVILLE, Tenn. (Dec. 19, 2023) — JE Dunn Construction, Middle Tennessee’s largest general contractor, and LG Chem, a global science-oriented chemical company, broke ground on the new battery material manufacturing facility located in Clarksville, Tennessee. This project, kicking off with $1.6 billion injection for the first phase, represents one of the largest foreign direct investments in Tennessee’s history.
DALLAS (Dec. 18, 2023) — ISN, a global provider of contractor and supplier information management services, released its latest Serious Injuries and Fatalities (SIFs) White Paper. For the new edition, ISN added 2022 data to its previous five-year exploration of SIFs to provide an even more in-depth analysis, along with spotlights for five industries focused on 2022 data: transportation, oil and gas, manufacturing, mining and utilities.
WASHINGTON (Dec. 18, 2023) — Associated Builders and Contractors (ABC) issued the following statement in response to a proposed rule issued by the U.S. Department of Labor on Dec. 14 that would make significant and controversial revisions to the national apprenticeship system.
WALNUT CREEK, Calif. (Dec. 12, 2023) — The Water Research Foundation (WRF) is providing $125,000 in funding to Brown and Caldwell to develop scalable diversity, equity and inclusion (DE&I) best practices for water sector organizations.
DE&I is a critical and growing need in the water sector as utilities measure the health and well-being of their organizations and workforce while rethinking how they engage with their communities.
SAN FRANCISCO (Dec. 8, 2023) — Workorder, a provider of collaborative software solutions for the construction industry, announced a rebrand initiative and unveiled a new name for its platform, Workpack. This move marks a milestone in the company’s journey toward innovating the construction industry through working collaboratively as a “pack” using its artificial intelligence (AI) solutions.
HAMILTON, N.J. (Dec. 7, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components both fell 1%.
WASHINGTON (Dec. 5, 2023) — Portland Cement Association (PCA), which represents America’s cement manufacturers, announced new leadership for its board of directors after holding elections at its last meeting of 2023.
Massimo Toso has been elected PCA board chairman. Toso is the current president and CEO at Buzzi Unicem USA and has served the last year as vice chair to former Chairman Filiberto Ruiz.
SEOUL, South Korea (Dec. 7, 2023) — HD Hyundai announced that it will present its vision to create and encourage sustainability on land under the name Xite Transformation at CES 2024, the world’s largest electronics trade show.
SAN FRANCISCO (Dec. 6, 2023) — Motive, a fully unified integrated operations platform for the physical economy, announced a new study that shows companies in industries like trucking and logistics, and oil and gas experienced an average of over $1 million in losses due to economic instability, labor issues and operational inefficiencies.
