Construction Industry News

WASHINGTON (Feb. 13, 2025) — Construction input prices increased 1.4% in January compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.9% for the month.

LIVERMORE, Calif. (Feb. 18, 2025) — Topcon Corporation and FARO Technologies have announced a strategic agreement to develop and distribute innovative solutions in the laser scanning market. The agreement is expected to expand access to digital reality solutions and result in complementary product developments, such as the seamless integration of Topcon and Sokkia solutions with FARO’s solutions.

NEENAH, Wis. (Feb. 13, 2025) — To help companies perform their environmental due diligence when conducting commercial real estate transactions, J. J. Keller & Associates, Inc. — an industry provider of safety and compliance solutions — has launched its Phase I Environmental Site Assessment service. This new offering is designed to help reduce risk and uncertainty when companies sell, lease or finance industrial property.

INDIANOLA, Iowa (Feb. 17, 2025) — Cemen Tech, the world’s largest volumetric concrete mixer manufacturer, announced a new partnership with McCoy Construction & Forestry, a construction and forestry equipment dealer, to expand access to Cemen Tech’s concrete production solutions across Tennessee, Kentucky, Indiana and Illinois.

RICHFIELD, Wis. (Feb. 12, 2025) — Custom Equipment LLC, the manufacturer of Hy-Brid Lifts, announced a rebranding to AXCS Equipment. Its product line dramatically increased when it merged with ASKO Holding, a Turkish-based entity with holdings in construction, agriculture, energy and technology, in early 2024. This new merger offered resources to expand the product line beyond scissor lifts to include telehandlers, articulated booms and vertical masts.

SAN FRANCISCO (Jan. 30, 2025) — Motif, a startup founded in 2023 by design software experts Amar Hanspal and Brian Mathews, has secured $46 million in seed and Series A funding to develop a next-generation platform for buildings. The Series A was led by Alphabet’s independent growth fund, CapitalG, and the previously undisclosed Seed round was led by Redpoint Ventures. Pre-seed venture firm Baukunst participated in both rounds.

ARLINGTON, Va (Feb. 5, 2025) — In 2025, the Electrical Safety Foundation International (ESFI) collected information on fatal and nonfatal occupational electrical injuries from every available source. The U.S. Bureau of Labor Statistics (BLS) and the Occupational Safety and Health Association (OSHA) provide raw data that ESFI reviews and analyzes as it is released to identify electrical safety trends.

HENDERSON, Nev. (Feb. 6, 2025) — ANA Inc., a provider of mobile power and air solutions, has secured a $50 million strategic investment from S2G Investments (S2G), a multi-stage investment firm focused on sustainable solutions across the energy, food and agriculture, and oceans sectors.

NEWPORT NEWS, Va. (Feb. 7, 2025) — Liebherr has appointed Hirohito Imakoji as managing director of Liebherr USA Co., a mixed sales organization supporting 10 product segments throughout the U.S. Imakoji joins the Liebherr USA executive management team, working together with Kai Friedrich, the Managing director and divisional director of earthmoving and material handling technology.

NEW YORK (Feb. 5, 2025) — Skanska USA, a global construction and development firm, has launched Skanska Advanced Technology (SAT), a new specialized operating unit focused on high-tech and semiconductor manufacturing. Part of the company’s USA Building business unit, SAT will be led by Executive Vice President and General Manager Katie Coulson.

WASHINGTON (Feb. 4, 2025) — The construction industry had 217,000 job openings on the last day of December 2024, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 55,000 last month and are down by 217,000 from the same time last year.

ROSEMONT, Ill. (Jan. 28, 2025) — Last week at World of Concrete, the American Concrete Pavement Association (ACPA) delivered an assessment of where paving and infrastructure investment currently stands, the challenges state highway agencies and the industry will face in the near future, and steps toward addressing those challenges.

WASHINGTON (Jan. 14, 2025) — Construction input prices decreased 0.2% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased 0.2% for the month.

LAS VEGAS  (Jan. 21, 2025) — Sage, a software provider for small and midsized businesses (SMBs) in the construction industry, and Tractics, a provider of a cloud-native construction management platform for heavy civil contractors, announce a partnership that delivers a powerful integration between Sage Intacct Construction and Tractics.

BELLEVUE, Wash., (Jan. 21, 2025) — Acumatica announced strategic partnerships and product integration with JobPlanner, a collaborative project management solution, and STACK Construction Technologies, a cloud-based construction software platform, that will address market needs through continued productivity gains and enhanced end-to-end project life cycle support.

FAIRFAX, Va. (Jan. 16, 2025) — The National Utility Contractors Association (NUCA) announced that Caterpillar Inc. has achieved in 2025 the Gold Level status as a NUCA National Partner. This partner level underscores the company's significant contributions to the American utility construction industry, highlighting the company’s commitment to safety, education and the broader goal of enhancing public health through robust water infrastructure.

ATLANTA (Jan. 16, 2025) — Takeuchi-US has appointed Derek Koontz as its national accounts manager. Koontz will manage sales development and activity on existing national accounts as well as prospect for new accounts. Koontz will also be responsible for forecasting and achieving Takeuchi’s sales objectives in the U.S. and Canada.
 

BOSTON (Jan. 8, 2025) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 10.2% in December to 212.0 from the revised November reading of 192.3. Over the month, commercial planning increased 14.2% while institutional planning improved 2.5%. 

CHARLOTTE, N.C. and AUSTIN, Texas (Jan. 14, 2025) — HEI Civil, a heavy civil construction company, announced the official rebranding of Peabody General Contractors and Horsepower Site Services to HEI Civil. Peabody General Contractors was acquired by HEI Civil in 2018, and Horsepower Site Services joined the company in 2019. This rebranding solidifies HEI Civil's position in the industry by uniting these entities under a single brand. 

STAMFORD, Conn. and BATON ROUGE, La. (Jan. 14, 2025) ¬— United Rentals Inc. and H&E Equipment Services Inc. announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt.