MOLINE, Ill. (May 10, 2022) — Even with supply chain issues and labor shortages, U.S. equipment rental revenue, including both construction and general tool, is expected to grow by 11.1% to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by the American Rental Association (ARA). 

PORTLAND, Ore. (May 10, 2022) — KEEN Utility, the work boot division of KEEN Inc. (KEEN), launched the She Builds Grant Program to champion the next generation of tradeswomen. The program pledges $1M in much needed product and financial support over the next five years to trailblazing nonprofit organizations in the United States and Canada dedicated to the empowerment and education of women seeking a career in the skilled trades.

HAMILTON, N.J. (May 6, 2022) — The Dodge Momentum Index (DMI) moved 6% higher in April to 164.8 (2000=100), up from the revised March reading of 155.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year.

WASHINGTON (May 6, 2022) — The construction industry added 2,000 jobs on net in April, but nonresidential construction employment decreased by 2,000 positions, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 235,000 jobs, an increase of 3.2%. 

GREENVILLE, S.C. and CINCINNATI, Ohio (May 4, 2022) — AMECO, a leading provider of construction and maintenance Site Services planning and delivery, announced today that it has acquired F&M MAFCO, an international supplier of tools and equipment rental, sales and service programs.

IRVING, Texas, SANTA MONICA, Calif. and SCHAUMBURG, Ill. (May 3, 2022) — PrimeSource Brands, a North American provider of specialty branded residential building products backed by Clearlake Capital Group, L.P., announced that it has acquired Axxis, LLC, a provider of fastening tools and collated fasteners. The transaction is PrimeSource’s fourth acquisition during Clearlake’s ownership.

WASHINGTON (April 29, 2022) — Associated Builders and Contractors (ABC) today unveiled its 2022 Safety Performance Report, an annual, comprehensive study of the impact of the STEP Safety Management System and guide to safety best practices on construction jobsites. STEP is a proven system, more than 30 years old, that enables top-performing members to achieve incident rates 645% safer than the U.S. Bureau of Labor Statistics construction industry average.

FARMINGTON HILLS, Mich. (April 28, 2022) — The American Concrete Institute (ACI) has opened a second resource center, located in the Chicago metropolitan area, to serve Midwest communities in the concrete industry. This new ACI Resource Center — Chicago/Midwest will help meet the increased demand for ACI knowledge through hands-on training, educational offerings, and on–demand access to ACI Certification Programs.  

WASHINGTON (April 27, 2022) — The not seasonally adjusted (NSA) national construction unemployment rate dropped 2.6% in March 2022 from a year ago, down from 8.6% to 6%, while 45 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC).

WASHINGTON (April 26, 2022) — Associated Builders and Contractors (ABC) today applauded a letter sent to President Joe Biden by 16 Republican governors, led by Asa Hutchinson of Arkansas and Bill Lee of Tennessee, opposing the Biden administration’s policies promoting government-mandated project labor agreements (PLA) on taxpayer-funded construction projects.

MICHIGAN CITY, Ind. (April 26, 2022) — Sullair, a Hitachi Group Company, announced its long-term climate action strategy and goal to globally reach carbon neutrality. It will be achieved by undertaking capital expenditure projects to further facilitate CO2 reduction, transitioning to 100% renewable electricity through a voluntary green power program and implementing a voluntary carbon offset program.