RACINE, Wis. (Aug. 14, 2024) — CASE Construction Equipment has expanded its electric (EV) toolbox for municipal crews, utility teams, urban construction and other contractors with the commercial release of its 580EV, the industry’s first electric backhoe loader. CASE’s EV backhoe loader will soon be followed by the commercial availability of two additional EV machines — the CX25EV 2.5-metric ton mini excavator and the CL36EV 3.6-metric ton compact wheel loader.
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.
BEDFORD, Mass. (Aug. 7, 2024) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 from the revised June reading of 200.5. Over the month, commercial planning increased by 6.8%, and institutional planning expanded by 11.1%.
MOORE, S.C. (Aug.13, 2024) — Chris Burdette of Greenville, South Carolina, has been named director of operations at the Takeuchi-US compact track loader production facility in Moore, South Carolina.
CLEVELAND (July 31, 2024) — CBIZ Inc. a national provider of financial, insurance and advisory services, announced that it has entered into a definitive agreement to acquire the non-attest business of Marcum LLP, which will make CBIZ the seventh-largest accounting services provider in the U.S. with approximately $2.8 billion in annual revenue.
LINDON, Utah (Aug. 8, 2024) — PCF Insurance Services, a top 20 U.S. insurance brokerage, has acquired the insurance business of DLD Insurance Brokers, marking the company's ninth significant acquisition in 2024.
WASHINGTON (Aug. 2, 2024) — The construction industry added 25,000 jobs on net in July, 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 239,000 jobs, an increase of 3.0%.
VIRGINIA BEACH, Va. (Aug. 6, 2024) — Hampton Roads Sanitation District (HRSD) has chosen Garney as the design-builder for the Nansemond SWIFT Facility, an advanced water treatment facility in Suffolk, Virginia. Garney leads the project team, which includes Tetra Tech as the lead design engineer, Carollo Engineers specializing in advanced treatment design and MEB as a contractor partner.
KENNEDY TOWNSHIP, Pa. (Aug. 1, 2024) — Rosedale Technical College announced the launch of its new carpentry program, aimed at preparing students for employment in carpentry and construction. The new 16-month program equips students with the necessary knowledge, skills
WASHINGTON (July 17, 2024) — Spending on nonresidential buildings is projected to increase more than 7% this year, according to The American Institute of Architects (AIA) midyear Consensus Construction Forecast. The spending will slow to only 2% in 2025 as market challenges continue to impact the pace of growth.
ANAHEIM, Calif. (July 29, 2024) — Isuzu Commercial Truck of America Inc. has been awarded zero-emission certifications by the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA) for the Isuzu NRR-EV.
AUBURN, Ala. (July 24, 2024) — Stone Martin Builders (SMB), a homebuilder across Alabama and the region, announced a new division dedicated to providing commercial construction services. The Alabama builder will launch Stone Martin Commercial to meet the needs of developers seeking to build master-plan communities and small-scale construction projects that blend into the local community.
ATLANTA (July 25, 2024) — Takeuchi is demonstrating commitment to environmental preservation by developing and implementing sustainable technologies wherever and whenever possible. Takeuchi facilities have been transformed to carbon neutral was part of that plan, first in Japan and then in the U.S. Recently, Takeuchi-US put that plan into action by installing energy-efficient solar panels at its locations in Pendergrass, Georgia, and Moore, South Carolina.
NEW YORK (July 18, 2024) — New York-based Coast, which offers solutions for U.S. companies to manage fuel and fleet spending, has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures and Avid Ventures, as well as new investors Thomvest.
WASHINGTON (July 19, 2024) — Today, the National Labor Relations Board (NLRB) moved to withdraw its appeal of the U.S. District Court for the Eastern District of Texas’ decision to vacate the 2023 Joint Employer final rule, which means the court’s favorable decision will become final. The Board had appealed the decision on May 7.
GAINESVILLE, Fla. (July 17, 2024) — Infotech, a provider of infrastructure construction software solutions, was acquired by Diversis Capital Management LP, a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations.
MADISON, Wis. (July 16, 2024) — McShane Construction Company announced that Alison Gorham was promoted to vice president of the firm’s Wisconsin regional office in Madison.
Gorham joined McShane in 2012 as a project engineer and was subsequently promoted to project manager. In 2018, she established McShane’s Madison office and was promoted to director of Wisconsin operations.
BEDFORD, Mass. (July 9, 2024) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%.
KENOSHA, Wis. (July 12, 2024) — The newly founded National Equipment League is broadcasting its first events online in partnership with HD Hyundai Construction Equipment North America.
ATLANTA (July 11, 2024) — KAI announce the grand opening of its new office located just east of Downtown Atlanta at 659 Auburn Avenue. This strategic relocation to the Old Fourth Ward neighborhood near Inman Park signifies KAI's robust growth trajectory and commitment to deepening its engineering-focused practice in Atlanta's dynamic landscape.
DAHLONEGA, Ga. (July 9, 2024) — RefrigiWear, a manufacturer of insulated industrial workwear, accessories and personal protective equipment (PPE), announced the appointment of Leigh Stadelmeier as vice president of B2B outdoor sales. In this role, Stadelmeier will build sales strategies to drive growth and revenue his division.