Construction Industry News

WASHINGTON (Oct. 1, 2024) — The construction industry had 370,000 job openings on the last day of August, 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). JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting.

Sept. 25, 2024 — To expand its artificial intelligence (AI) capabilities and help customers optimize their mining operations, Komatsu announced its intent to acquire Octodots Analytics, a Chile-based digital solutions provider. 

RALEIGH, N.C. (Sept. 19, 2024) — FMI Corporation, a provider of consulting and investment banking services to the built environment, released the 2024 Ownership Transfer and Management Succession Study focused on the engineering and construction industry. The report provides key insights and tactics to help owners and executives navigate their companies’ transitions. 

CLEVELAND (September 23, 2024) — Diversified Fall Protection (DFP), a turnkey fall protection integrator in the U.S. for regulatory-driven systems and services, has appointed Gabe Galvan as EBM Design Director. Galvan will play a key role in leveraging the company’s newly acquired California SIT (scaffold inspection and testing) license.

BOCA RATON, Fla. (Sept. 19, 2024) — Carbon Limit, a climate tech company specializing in sustainable technologies for the built environment, announced the debut of CoolCrete, a heat-reducing product addition to its line of sustainable concrete additives.

TORONTO (Sept. 18, 2024) — Augmenta, an artificial intelligence (AI) platform for the built environment, announced a partnership with ENG, a global building information modeling (BIM) company, to provide automated electrical design modeling solutions for the construction industry. As part of today’s partnership, Augmenta is announcing the commercial availability of an AI design solution that enables design automation for electrical subcontractors.

WASHINGTON (Sept. 12, 2024) — Construction input prices increased 0.1% in August 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 0.2% for the month.

ATLANTA (Sept. 12, 2024) — Bradley Arant Boult Cummings LLP announced that Partner John I. Spangler III has been elected a fellow of the American College of Construction Lawyers (ACCL). He will be among the 12 new fellows inducted at the 2025 ACCL Annual Meeting in St. Petersburg, Florida, from Feb. 13-16, 2025.

FORT WORTH, Texas (Sept. 9, 2024) — ECI Software Solutions, a global provider of cloud-based business management software and services, announced that Bolt, its trade contractor project management and scheduling software, has won the 2024 software-as-a-service (SaaS) Award for the "Best SaaS Product for Business Management" category.

SAN JOSE, Calif. (Sept. 9, 2024) — Rosendin, a large, employee-owned electrical contracting company, announced Rob Moreno, senior vice president (SVP), as the new leader for Rosendin’s Renewable Energy Group (RREG). SVP and member of the senior leadership team, Moreno will oversee operations, drive expansion and lead strategic planning for RREG, a renewable energy group in the U.S.

BEDFORD, Mass. (Sept. 9, 2024) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 2.9% in August to 220.4 from the revised July reading of 214.2. Over the month, commercial planning expanded 1.9% and institutional planning improved 5.7%.  

SUWANEE, Ga. (Sept. 6, 2024) — Develon celebrated the grand opening of the North American Customization Plant in Brunswick, Georgia, on Wednesday, Sept. 4. Executives from Develon Headquarters and North America and Wallenius Wilhelmsen attended the ceremony.

MONTREAL (Sept. 4, 2024) — CM Labs Simulations, a provider of simulation-based training in the utilities and construction industries, announced the launch of the Intellia Mini Excavator Simulator Training Pack. This new training pack is the first dedicated simulation training solution for mini excavator operator training.

MCCONNELLSBURG, Pa. (Sept. 4, 2024) — JLG Industries Inc., an Oshkosh Corporation business and a global manufacturer of mobile elevating work platforms (MEWPs) and telehandlers, announced that Oshkosh has completed the acquisition of AUSACORP S.L. (AUSA), adding the brand’s compact all-terrain machines for the transportation and material handling to the company’s Access segment.

WASHINGTON (Sept. 3, 2024) — National nonresidential construction spending decreased 0.2% in July, according to an Associated Builders and Contractors (ABC) analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion.

APOPKA, Fla. (Aug. 27, 2024) — KENPAT and its affiliated companies announced the appointment of Etienne Wolmarans as group president.

WASHINGTON (Aug. 23, 2024) — The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in July:
•    New business volume (NBV) was $11.1 billion, up 13% from July 2023.

ENGLEWOOD, Colo. (Aug. 22, 2024) — Kodiak Building Partners, a leading building materials distribution company, announced today they have won the Denver Business Journal’s “Partners in Philanthropy” award for 2024. The prestigious award honors outstanding commitment to supporting metro Denver area nonprofit and charitable organizations. 

SCOTTSDALE, Ariz. (Aug. 20, 2024) — Arcoro, an HR software company for the construction and field services industries, announced that Megan Stillerman has been appointed as chief customer officer (CCO). The appointment marks a first for Arcoro.

WASHINGTON (Aug. 13, 2024) — Construction input prices increased 0.4% in July 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 released today. Nonresidential construction input prices also increased 0.4% for the month.