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Keep up to date on the latest construction industry trends, in the US and internationally, and how it may impact your business. Stay informed with press releases, research, and opinions to help get the most out of your investment. We highlight small and large projects to keep you abreast of the happenings in the industry, and construction industry statistics to help your company avoid mistakes and find the best solutions to problems that arise.



Taylor Group Announces Acquisition of Controlling Shares of CVS Ferrari

The Taylor Group of Louisville, Miss., announced the acquisition of 85 percent of the shares of CVS Ferrari (CVS) from NEIP III and BP. The Taylor Group is a large group of subsidiary companies ranging in goods and services from material handling equipment and container handlers to generators to construction equipment to parts and service centers and fleet management....


Steel River Acquires WHECO, Broadening Reach, Capabilities to Build Comprehensive Lifting Platform

Steel River, a catalyst for the next generation of industrial services, announced that the company has acquired WHECO, a global provider of crane and heavy-equipment repair, restoration and inspection....


VIDEO: Caterpillar Reports Fourth-Quarter, Full-Year 2023 Results

Caterpillar Inc. announced fourth-quarter and full-year results for 2023. Sales and revenues for the fourth quarter of 2023 were $17.1 billion, a 3 percent increase compared with $16.6 billion in the fourth quarter of 2022....


ABC: Half of State Construction Unemployment Rates Down in December 2023 From a Year Prior

The not seasonally adjusted national construction unemployment rate at 4.4 percent was unchanged in December 2023 from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors....


Volvo Trucks Celebrates 2023 U.S., Canada Dealer Groups of the Year

Volvo Trucks North America recognizes the outstanding achievements of TEC Equipment and Calmont Truck Centre as the recipients of the prestigious 2023 U.S. and Canadian Dealer Groups of the Year awards, respectively....


Sebastian Ward Named Key Accounts Manager of TOMRA Recycling Sorting

Global leading supplier of sensor-based sorting solutions, TOMRA Recycling Sorting, announced Sebastian Ward as the key accounts manager of North America. In his new role, Ward is tasked with working closely with larger recycling operations throughout the United States and Canada to provide sorting solutions unique to the needs of customers with multiple systems working at different locations....


Volvo Completes Acquisition of Battery Business From Proterra Inc., Proterra Operating Company

The Volvo Group has completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proterra Operating Company Inc. The acquisition, which was made at a purchase price of USD 210M before adjustment for inventory level at closing, includes a development center for battery modules and packs in California and an assembly factory in Greer, S.C....


ABC: Nonresidential Construction Spending Increases 0.4% in December

National nonresidential construction spending increased 0.4 percent in December, according to an Associated Builders and Contractors analysis of data published Feb. 1 by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.174 trillion....


Gregory Poole Cat Celebrates Its Latest N.C. Store Opening

Gregory Poole Equipment Company, a Raleigh-based construction equipment company, held a grand opening of its newest store Jan. 22, 2024, in Sanford, N.C., the distributorship's ninth construction location in the eastern half of the Tarheel State and its first location in Sanford....


NAPA Announces Award Winners

NAPA's 2024 Annual Meeting has just concluded in Orlando, where the Association celebrated winners of the Sheldon G. Hayes Award; the Larry H. Lemon Awards; the Ray Brown Award; and Operational Excellence Awards....






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