The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges.
The index is produced by Marcum’s National Construction Services group.
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The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges.
The index is produced by Marcum’s National Construction Services group.
SALINAS VICTORIA, NUEVO LEON, MEXICO (June 14, 2024) — Bobcat Company, a global equipment, innovation and worksite solutions brand, held a ceremonial groundbreaking June 13 for its new, $300-million manufacturing facility in Mexico.
Located in the Salinas Victoria municipality, outside of Monterrey in the state of Nuevo Leon, Mexico, the 700,000-square-foot facility is expected to be operational in 2026.
WASHINGTON (June 7, 2024) — The construction industry added 21,000 jobs on net in May, 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 increased by 251,000 jobs, an increase of 3.1%.
IRVING, Texas (June 11, 2024) — Caterpillar Inc. announced a $500,000 donation to the Associated Equipment Distributors Foundation (AEDF) in support of AEDF’s Vision 2025 Campaign. The campaign is designed to address the technician shortage within the equipment distribution industry. It is also focused on strengthening the industry’s future by improving programs offered to students across U.S.
ALACHUA, Fla. (June 5, 2024) — The National Center for Construction Education and Research (NCCER) released its 2024 Construction Craft Salary Survey, and the results reflect high earning potential for skilled craft professionals. NCCER received responses from 183 organizations representing nearly 323,000 employees from the industrial, commercial and residential construction industries across the U.S.
CLEVELAND (June 5, 2024) — Diversified Fall Protection (DFP), a turnkey fall protection integrator in the U.S. for regulatory-driven systems and services, has named Kynan Wynne as chief people officer. This marks the first time in the company’s history that an executive has been appointed to this role, a reflection of the company’s commitment to the ongoing support of its employees and dedication to building an empowering culture.
LOS ANGELES (May 22, 2024) — ServiceTitan, a software platform built to power the trades, released its second annual Commercial Service Report, highlighting current trends and market sentiment for the commercial industry in 2024.
HAMILTON, Ohio (May 29, 2024) — Hamilton Caster & Mfg. Co., a 117-year-old manufacturer of heavy-duty industrial casters, wheels, carts and in-plant trailers, announced the appointment of Andrew D. Stamp as its new director of sales and business development. In this role, Stamp will lead a dynamic team of outside and inside sales professionals, driving innovation and business development to enhance sales performance and elevate the customer experience.
WAUKESHA, Wis. (May 29, 2024) — Brady Chuckel, president of Paul Davis of Southeast and Fox Valley, Wisconsin, and Waukegan, Illinois, a provider of fire and water damage cleanup, restoration and remodeling services, has announced the launch of PD Construction, the company’s new commercial property construction services division. Chuckel also named Paul Scott as president of the new division.
FARMINGTON HILLS, Mich. (May 29, 2024) — The American Concrete Institute (ACI) announces the formation of a new committee whose mission is to develop and report information on concrete made with brackish, saline, and brine water and sea aggregates. ACI Committee 243, Seawater Concrete, will host its inaugural meeting on Sunday, Nov. 3, 2024, at the ACI Concrete Convention in Philadelphia, Pennsylvania.
WASHINGTON (May 14) — Construction input prices increased 0.5% in April 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 0.6% for the month.
SAUK CENTRE, Minn. (May 21, 2024) — Laurie Engle, Felling Trailers’ inside trailer sales consultant, is retiring after 32 years. In the fall of 1991,Merle and Kathy Felling (founders of Felling Trailers) were in the midst of an office expansion. The local contractor running the expansion was Engle’s husband. Like in many family-owned businesses, Engle was lending a hand to complete the project, working on painting and staining.
MOLINE, Ill. (May 17, 2024) — In its updated forecast, the American Rental Association (ARA) indicates that the United States equipment rental industry’s growth projection has increased since last quarter. The most current projections indicate 9.7% increase in 2024, totaling $79.2 billion in construction and general tool rental revenue. This is an increase from last quarter’s projection of a 7.9% increase totaling $77.3 billion.
LAS VEGAS (May 20, 2024) — At the Advanced Clean Transportation (ACT) Expo, Hino Trucks announced that it is the exclusive distributor for Tern, a dedicated zero-emission truck brand, along with their inaugural truck model — the RC8, a battery-electric Class 8 tractor tailored for the U.S. market.
HOUSTON (May 14, 2024) — Skanska USA has been selected to construct a new $54.5 million building at Rice University for the Jones Graduate School of Business that will support the school’s growing student and faculty population. The university and project teams celebrated the new project with a groundbreaking on May 9 to unveil the design of the new facility.
Garner, Iowa (May 17, 2024) — Stellar Industries, a 100% employee-owned and -operated manufacturer of mechanic trucks, cranes, tire service trucks, hooklifts, trailers and service truck and van accessories, received the president’s “E” Award for Exports. This award was given to Stellar to recognize its significant contributions to an increase in U.S. exports. Stellar was one of 30 U.S. entities recognized at this year’s ceremony.
RICHFIELD, Wis. (May 16, 2024) — Hy-Brid Lifts, an industry provider of aerial lift equipment, announced Gary Coke as director of sales covering the south-central U.S. Coke’s responsibilities include providing customer support as well as continuing the growth and channel development of the Hy-Brid Lifts line of low-level scissor lifts.
CHICAGO (May 15, 2024) — The Council on Tall Buildings and Urban Habitat (CTBUH) announced its 2024 Award of Excellence winners, more than 100 of the most exemplary projects in the architecture, engineering and construction (AEC) industry and adjacent disciplines. Projects from across the globe were recognized in over 20 categories and subcategories, including Best Tall Building, Innovation, Urban Habitat, Repositioning and Equity, and Diversity and Inclusion.
WEST FARGO, N.D. (May 15, 2024) — Bobcat Company, a global equipment and worksite solutions brand, has enhanced two of its North Dakota manufacturing facilities with the installation of 14 stationary, natural gas-powered fuel cells from HyAxiom Inc., a global fuel cell and hydrogen solutions provider. These units will operate in parallel with the commercial power grid while carving a pathway to decarbonization by producing clean energy for the facilities’ operations.