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.
London, England (Oct. 31, 2019)—Total construction and real estate industry merger and acquisition (M&A) deals in September 2019 worth $13.52 billion were announced globally, according to GlobalData’s deals database.
The value marked an increase of 5.7% over the previous month and a rise of 13.7% when compared with the last 12-month average, which stood at $11.89 billion.
New York, New York (Oct. 30, 2019)—Construction workers are more likely to use drugs than workers in other professions, finds a study by the Center for Drug Use and HIV/HCV Research (CDUHR) at New York University (NYU) College of Global Public Health.
Atlanta, Georgia (Oct. 29, 2019)—Takeuchi-US, compact equipment innovator, held a ground-breaking ceremony Friday, October 11, for a new training facility set to open spring 2020. The new center will allow dealers from North America and around the globe to gain knowledge about Takeuchi products and offer year-round service training to its growing dealer network.
Tallahassee, Florida (AP) (Oct. 29, 2019)—Florida Governor Ron DeSantis urged lawmakers Tuesday to pass legislation that would require employers to use a federally operated electronic database to verify the immigration status of workers.
But it’s unclear if that effort will get any traction among lawmakers during next year’s legislative session, after a similar measure failed to make it to his desk earlier this year.
Portland, Oregon (Oct. 29, 2019)—Thursday, October 24, the Metro Council adopted a policy framework that lays the foundation for creating career pathways in construction for women and people of color in greater Portland.
Grand Rapids, Minnesota (Oct. 29, 2019)—ASV Holdings Inc., a manufacturer of all-purpose and all-season compact track loaders and skid steers, has announced Barda Equipment as the 2019 ‘Dealer of the Year’ and Barry Equipment as the 2019 ‘Rookie of the Year.’ ASV presented the awards at its annual dealer meeting.
Washington, D.C. (Oct. 28, 2019)—At Department of Homeland Security (DHS) headquarters in Washington, D.C., Acting Secretary of Homeland Security Kevin K.
Firefighters in California are currently battling 17 wildfires.
Findings from investigations in two different construction tragedies were recently announced: Miami’s Florida International University bridge collapse and the Seattle, Washington, crane collapse.
Feel like you’re not having the greatest year? Granite Construction can commiserate. The contractor recently reported a 63% decrease in its third-quarter net income year over year.
Scottsdale, Arizona (Oct. 29, 2019)—Restoration Builders Inc. announced today that it has signed an asset purchase agreement to acquire Mile High Restoration Inc. DBA Sorensen Roofing and Exteriors G.C., headquartered in Greeley, Colorado.
Monroe, Washington (Oct. 29, 2019)—Aquajet Systems AB, a manufacturer of hydrodemolition machines, has announced Keith Armishaw as a its first North American business development manager. Armishaw works closely with Aquajet’s regional sales teams to grow awareness of Aquajet’s hydrodemolition solutions in key markets across North America.
New York, New York (Oct 25, 2019)—To accommodate continuing record passenger growth at the Port Authority’s three major airports, the Board of Commissioners moved aggressively forward to invest approximately $4.5 billion in critical transportation projects to rebuild legacy airport facilities to 21st century, customer-friendly standards and to build new infrastructure, such as AirTrain LaGuardia and a new AirTrain Newark that are needed to provide travelers with a convenient,
Irving, Texas (Oct. 28. 2019)—Fluor Corporation announced today that the Dow Poly 6 project has been named a finalist for “Construction Project of the Year” for the S&P Global Platts Global Energy Awards.
Hartford, Connecticut (Oct. 27, 2019) (AP)—Work at dozens of constructions sites across Connecticut will be suspended in the coming days to draw attention to the problem of opioid abuse in the construction industry.
Pittsburgh, Pennsylvania (Oct. 22, 2019)—Mountain Valley Pipeline LLC (Mountain Valley), has announced total project work will be approximately 90% complete by year-end 2019, with an adjusted in-service date of late 2020 and a revised total cost estimate of $5.3 billion to $5.5 billion.
The National Transportation Safety Board (NTSB) determined, during a public board meeting, that load and capacity calculation errors made by FIGG Bridge Engineers Inc. are the probable cause of the fatal, March 15, 2018, Florida International University (FIU) pedestrian bridge collapse in Miami, Florida. Details of the determination here.
While architecture billings moderated in September, design activity shows signs of remaining sluggish at United States architecture firms, according to a new report released today from the American Institute of Architects (AIA). Details here.
LEED Fellows are shaping the future of green building and represent the top of their fields in green building design, engineering and development. Read about the impressive 2019 group of LEED fellows here.
The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts moderate growth for cement consumption through 2019 and into 2020. PCA market intelligence expects cement consumption will grow by 2.4% in 2019, 1.7 percent in 2020, and 1.4 percent in 2021. Details here.
