News
MDU to spin off giant contractor Knife River
The independent companies would both offer construction services, with MDU crews contracting in utilities and Knife River working with products of its Top 10 US aggregates operations
Bobcat brings big new telehandlers to round out R Series
Rated at 9,000 pounds and 7,056 pounds, the TL923 and TL723 are designed for faster boom speeds and heavier lifting
July employment ‘shock’ refutes recession rhetoric, encourages a September rate hike
Even construction employers hadn’t yet read the recession memo, and broad hiring and wage increases narrow the Fed’s inflation-fighting options
Top 10 U.S. construction companies in 2022
The U.S. has 33 of the world’s top construction firms, which have a combined total sales of $246 billion, or 12.5% of the world’s sales
New Chevy Colorado offers big-truck power at a lower cost
New tunings of a Silverado-proven engine deliver towing and off-road capability that could cut the cost of some field managers’ trucks
Researchers concur: 2023 will bring construction cost relief
IHS Markit’s June cost index suggests price momentum easing, forecasts six-month slowdown up to Linesight’s 2023 price-drop forecast
Construction slowdown, inflation, interest rates and shrinking GDP don’t guarantee recession
Economists agree U.S. growth is slowing from its 2021 surge but construction activity and larger economic factors balance the bad news
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Volvo CE to showcase machines and services to help contractors succeed at CONEXPO-CON/AGG 2023
Attendees can expect to see Volvo’s lineup of electric construction equipment, as well as more opportunities to hop in and operate machines than ever before
Registration opens for CONEXPO-CON/AGG 2023
Don’t miss the industry’s biggest family reunion, join 130,000 others and sign up today to visit 1,800 exhibitors March 14-18, 2023 in Las Vegas
Texas DOT implements digital delivery initiative for new bridge projects
The new program will help Texas maintain and improve its more than 80,000 centerline miles of highway, the largest highway system in the U.S.
Construction employment climbs in June, but record number of unfilled positions remain
The number of jobseekers with construction experience plunged to a record low as demand for projects is outpacing the supply of workers
What cities have the world’s highest-paid construction workers?
Hint: North America currently has the highest average labor cost at $68, but it has shown little growth from 2021
Nonresidential building hits 14-year high
The Dodge Momentum Index was 9% higher in June than one year ago; the commercial component was 11% higher, and the institutional component was 5% higher 
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