Construction Industry News

ORLANDO, Fla. (Sept.

SAN JOSE, Calif. (Sept. 9, 2021) — EBay Inc., a global commerce leader that connects millions of buyers and sellers around the world, has announced  a strategic partnership and investment in bidadoo, a leading online remarketing and auction company of equipment, trucks and capital assets.

HOUSTON (Sept. 14, 2021) — HCSS, the leading supplier of estimating, operations and fleet management software, has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2021. Financial terms of the transaction were not disclosed.

CHATTANOOGA, Tenn. (Sept. 15, 2021)  — Jack Bowen, President of EMJ Corporation, has been appointed as Chief Executive Officer in addition to his current role. Burt Odom, EMJ's current CEO, will shift to the role of Chairman of the Board of Directors. 

This transition will take place on October 1, and is part of EMJ's strategic approach to executive succession, which is designed to develop and sustain strong leaders and ensure its success for years to come. 

SAN FRANCISCO (Sept. 14, 2021) — Autodesk, Inc. and management consulting firm FMI Corporation today released the results from a new study, "Harnessing the Data Advantage in Construction," which surveyed over 3,900 professionals across the global construction industry on their data practices in 2020.

WASHINGTON (Sept. 14, 2021) — Associated Builders and Contractors reports today that its Construction Backlog Indicator fell sharply to 7.7 months in August, according to an ABC member survey conducted Aug. 19 to Sep.1. The reading is down 0.8 months from July 2021 and down 0.3 months from August 2020.

SCOTTSDALE, Ariz. (Sept. 9, 2021) — In a strategic move to initiate its online sales efforts, Restoration Builders, Inc. has  announced it has completed an asset purchase agreement for the acquisition of Palazzo Restoration, LLC ("Palazzo Restoration" or "The Company"), headquartered in Carmel, IN. 

WASHINGTON (Sept. 9, 2021) — President Biden has announced a new effort to combat the ongoing COVID-19 pandemic.

ARLINGTON, Va. (Sept. 7, 2021) — The construction industry lost 3,000 jobs between July and August as ongoing declines in nonresidential segments offset a pickup among residential building and remodeling firms, according to an analysis by the Associated General Contractors of America (AGC) of government data.

WASHINGTON (Sept. 1, 2021) — National nonresidential construction spending expanded 0.1% in July, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $786.7 billion for the month.

NEW ORLEANS (Sept. 1, 2021) — Hurricane Ida has been downgraded to a tropical depression but not before leaving more than a million people, and the entirety of New Orleans, without power and causing massive damage to structures, homes and roads in Louisiana. Ida has been ranked as the fifth-largest hurricane to make landfall in the United States, with winds reaching speeds of 150 mph or more.

SUNNYVALE, Calif. (Aug. 31, 2021) — Trimble has announced  the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries.

CHARLOTTE, N.C., (Aug. 30, 2021) — Concrete & Materials Placement (CMP), a concrete pumping company serving the Carolinas, has announced the strategic acquisition of Febcon Concrete Pumping, a Michigan-based concrete pumping company as of Aug. 30, 2021. As an industry leader in concrete pumping, this step further expands CMP's footprint across the Southeast.  

SCOTTSDALE, Ariz. (Aug. 26, 2021)— Restoration Builders, Inc. has announced that it has added Hubert Bourque to its ESG and Technology Group. He will guide the design, operations and environmental performance of technologies that align with the company's sustainability and environmental policies.

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 and expectations for the future as reported by key executives from the $900 billion equipment finance sector.

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 Contractors of America (AGC) of government employment data.

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). 

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 and data, including the Centers for Disease Control and Prevention's (CDC) updated COVID-19 guidance issued July 27, 2021.

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 a dump truck struck and pushed them into a 9-foot deep trench.

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 forecast released by the American Rental Association (ARA) now calls for equipment rental revenue to exceed $47.8 billion in 2021, nearly a 3.5 percent increase over 2020 and greater than last quarter’s forecast that called for a 3.1 percent increase this year.