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Business News

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.



Volvo Trucks North America Celebrates 2024 U.S. Dealer Group of the Year

Volvo Trucks North America recognized the outstanding achievements of South Texas Truck Centers as the recipient of the prestigious 2024 U.S. Dealer Group of the Year award. This recognition underscores their exceptional contributions in critical areas, including sales volume, market share, investments and commitment to exemplary customer service....


Takeuchi-US Celebrates Top Employees for 2024

Every year, Takeuchi-US recognizes outstanding individuals who go above and beyond in their commitment to excellence and the "Takeuchi Way" of creation, challenge and cooperation. Recently, the compact equipment manufacturer celebrated a special group of four employees who've demonstrated an unmatched commitment to the company, their coworkers and their customers....


New Leadership Named at S&B USA as Growth Initiatives Surge

Peter MacKenna, president and CEO of S&B Construction, was named as CEO of S&B USA, replacing Sharon Novak who is stepping down after serving in this role for the past 5 years. Lucas Lahitou, formerly head of origination & structuring, was promoted to CEO of S&B USA Concessions, reporting to MacKenna....


ABC: Construction Industry Must Attract 439,000 Workers in 2025

The construction industry will need to attract an estimated 439,000 net new workers in 2025 to meet anticipated demand for construction services, according to a proprietary model developed and released today by Associated Builders and Contractors....


United Rentals to Acquire H&E Equipment Services Inc.

United Rentals Inc. and H&E Equipment Services Inc. d/b/a H&E Rentals announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt....


Federal Highway Administration Officially Eliminates Its Domestic Manufacturing Waiver On Federally Funded Projects

In mid-January, FHWA published a final rule on the 1983 waiver of the regulation on the use of American-manufactured products on federal projects. The waiver limited application of the agency's Buy America requirements to iron and steel....


SMH Group Adds Komatsu Company Stores to Its Dealer Network

The SMH Group, a national distributor of Atlas and Mantsinen material handlers, announced a new dealer partnership with Komatsu Company Stores East. This strategic collaboration aims to enhance the availability and support of high-quality material handling equipment across the United States East Coast....


Monroe Tractor Welcomes Roger Melius as Parts Manager to Buffalo Location

Roger Melius is the new parts manager at Monroe Tractor's Buffalo location. With his extensive leadership experience and dedication to service, Melius is expected to be an ideal fit to help the company deliver on its promise to keep its customers at the heart of everything it does....


Monroe Tractor Hires Robert Willmore as Product Support Representative in Southern Connecticut

Monroe Tractor has hired Robert (Rob) Willmore as its newest product support representative in southern Connecticut. Willmore brings a wealth of experience in parts and service and a strong dedication to customer satisfaction....


Granite's Pat Kelly Elected AGC of California President

Granite Vice President of Operational Excellence Pat Kelly was elected president of the Associated General Contractors (AGC) of California for 2025. This appointment recognizes Kelly's extensive experience and dedication to the construction industry....






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