News

GREENVILLE, S.C. (April 16, 2024) — Gordian, provider of data-driven solutions for all phases of the building life cycle, announced the appointment of Jonathan Miller as the new vice president of human resources. Effective immediately, Miller will spearhead Gordian's human resources strategy, focusing on nurturing a dynamic talent ecosystem and fostering a culture that supports business growth and enriching employee experiences.

SALT LAKE CITY (April 12, 2024) — CP Build Enterprises, an interior subcontractor specializing in large multifamily and commercial projects, announced the acquisition of Precision Carpentry and Design, based in Phoenix, Arizona.

LIVERMORE, Calif. (April 11, 2024) — Topcon Positioning Systems has announced strategic agreements with Bentley Systems and Worldsensing to integrate its advanced global navigation satellite system (GNSS) technology into the companies’ software and connectivity solutions.

MONTREAL (April 10, 2024) — CM Labs Simulations, a vendor for simulation-based training in the construction, utilities and ports industries, announced the launch of the Earthmoving Fault Injection feature for its training management tool, Intellia Instructor.

WASHINGTON (April 5, 2024) — The construction industry added 39,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 270,000 jobs, an increase of 3.4%.

CHANTILLY, Va. (April 4, 2024) — Cape Fox Corporation (CFC) announced that Jason Brown has joined the Cape Fox team as the senior vice president of construction services. Brown brings over 20 years of experience leading strategic growth in construction and infrastructure modernization.

KIRCHDORF AN DER ILLER, Germany (April 8, 2024) — Liebherr is launching a new portal specifically for the sale of used machines. On this digital platform, customers can find a wide range of used construction and material handling machines, used attachments and accessories as well as used spare parts – directly from certified Liebherr sales and service partners.

CINCINNATI (April 8, 2024) — Stack Construction Technologies, a cloud-based construction software platform, announced the launch of Stack Assist, its newest artificial intelligence (AI) functionality automating takeoff tools for contractors. The new component will first incorporate floor plan focused utility, powered by AI software and new integration partner, Workpack.

LOS ANGELES (April 2, 2024) — ServiceTitan, a software platform built to power the trades, announced that it has entered into a definitive agreement to acquire Convex, a sales and marketing platform purpose-built for the commercial services industry.

PORT ORANGE, Fla. (March 25, 2024) — Thompson Pump and Manufacturing Company was recognized with two  Florida business awards: University of Florida’s (UF) 2024 Gator100 Honoree and GrowFL Florida Companies to Watch 2023 Honoree.

Thompson Pump’s more than 50 years of experience in manufacturing heavy-duty bypass and dewatering pumps have earned the company a reputation for high-quality pumping equipment, innovation and entrepreneurship.

BEDFORD, Mass. (March 20, 2024) — Total construction starts fell 8% in February to a seasonally adjusted annual rate of $1.07 trillion, according to Dodge Construction Network. Nonresidential building starts dropped 16%, while nonbuilding starts lost 3%, and residential starts fell by 2%.

Oklahoma City (April 1, 2024) — Carpenters in Oklahoma City are preparing for a Days of Action event to bring attention to the growing problem of employer tax fraud in the construction industry. Oklahoma carpenters, along with other carpenters across the U.S. and Canada, will be protesting fraud in the construction industry from April 13-19.

WASHINGTON (March 28, 2024) — Associated Builders and Contractors (ABC) and its Florida First Coast chapter filed suit in federal court to stop the Biden administration’s plan to mandate project labor agreements on construction contracts procured by federal agencies.

BALTIMORE (March 26, 2024) — A cargo ship lost power and rammed into a major bridge in Baltimore early Tuesday, destroying the span in a matter of seconds and plunging it into the river in a terrifying collapse that could disrupt a vital shipping port for months. Six people were missing and presumed dead, and the search for them was suspended until Wednesday morning.

DENVER (March 24, 2024) — ConstructReach, a construction industry workforce development initiative and consultancy, will host an “I built this!” event in partnership with Procore Technologies on April 9 from 9 a.m. to 2 p.m. at the Stockyards Event Center. With construction underway next door, local high school students are invited to observe and learn more about the construction industry.

NEW YORK (March 21, 2024) — Coast, which offers a way for companies in the United States to manage fuel and fleet spending, has raised $92 million in new funding. The round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners and Better Tomorrow Ventures, as well as new investor Vesey Ventures.

March 21, 2024 — Effective April 1, José Cuadrado has been appointed Global CEO at Yanmar Compact Equipment (Yanmar CE), and Chairman of the Board at Yanmar Holdings Co., Ltd. Cuadrado replaces Giuliano Parodi, who is now transferring to manage the Yanmar Group’s Strategy Division as chief strategy officer.

WASHINGTON (March 14) — Construction input prices increased 1.4% in February compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 1.3% for the month.

TIGARD, Ore. (March 14, 2024) — Studson, a safety helmet developer that recently launched the Full Brim ANSI Type II Safety Helmet, announced the completion of a $2.48 million USD funding round and a strategic collaboration with Blaklader, one of Europe’s largest producers of workwear.

NEW ORLEANS (Feb. 19, 2024) — In its updated forecast released at The ARA Show, the American Rental Association (ARA) indicates that the U.S. equipment rental industry’s growth has a fairly positive outlook. Last quarter, the year-over-year growth was expected to be 7.6% in 2023 and 3.1% in 2024. The most current projections indicate a 7.9% increase in 2024 totaling $77.3 billion in construction and general tool rental revenue.