HammerTech, mobile provider of health, safety and quality software for the construction industry, announced today it has completed its Series A financin with an investment from Arrowroot. Read about the partnership here.
Lucintel reports the global construction aggregate market is expected to reach an estimated $452.4 billion by 2024 with a compound annual growth rate (CAGR) of 2.7% from 2019 to 2024. The major growth drivers for this market are growth in residential and non-residential construction activities, increasing urbanization and rising per capita income.
Pitts Enterprises has named JP Pierson president of Pitts Trailers, effective immediately. Pierson, who also serves as president of Dorsey Intermodal, will now oversee both Pittsview, Alabama-based divisions. Find the details here.
An update on the rate of construction insolvency & how your company can avoid it
ProPulse to supply hydraulic hose assemblies to John Deere's operations at multiple sites. Details here.
Rhumbix chosen to represent construction industry via Bicycle playing cards honoring veteran support. Details here.
Laurence Fishburne, host of "Information Matrix," to host new segment on job opportunities in the construction and building industries. Details here.
The ongoing US-China trade war could significantly impact the US construction industry if no deal between the two countries is reached in the coming months, says GlobalData. Details here.
Hudson Yards in New York City officially opened to the public March 15. To celebrate this milestone, EarthCam premiered its new 4K construction time-lapse movie. Watch it here.
Generac Holdings Inc., designer and manufacturer of a wide range of residential, commercial and industrial power products, has acquired Neurio Technology Inc. Details here.