HAMILTON, N.J. (Sept. 8, 2023) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 6.5% in August to 178.0 (2000=100) from the revised July reading of 190.3. Over the month, the commercial component of the DMI fell 1.6%, while the institutional component fell 14.8%.
Vroozi, the intelligent procure-to-pay platform, has announced that Modern Niagara, a multi-trade contractor and building solutions company in Canada, will partner with Vroozi to simplify their procurement process while providing central procurement teams with complete control and visibility.
Sept. 7, 2023 — Mats Sköldberg has been appointed head of technology at Volvo CE. Most recently, he was head of technology for Volvo CE in China and has held a number of other senior technology roles in recent years.
Scott Young has been appointed Head of Sales Region North America. Most recently, Young was head of the Volvo CE Uptime Center of Expertise and has held a number of other roles in strategy, technology and other functions within Volvo CE.
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Aug. 31, 2023 — Companies in North America sharply cut orders for robots in the second quarter, according to data compiled by the Association for Advancing Automation (A3), an industry group.
The slowdown in orders began at the end of last year, as rising interest rates and sagging economic growth curbed appetites for new robots, the group said.