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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.



Manitou North America Names Stevenson Crane, J. Rene Lafond as First 'Partner Dealers'

Manitou North America has named Stevenson Crane Service LLC of Illinois and Indiana, and Quebec's J. Rene Lafond as its first ever "Partner Dealers" — a designation given to Manitou dealers who exhibit quantifiable excellence in product sales, parts support and service in its territory....


Jane Halfpenny Appointed Sales Director for EMEA, Southeast Asia

McCloskey International announced the appointment of Jane Halfpenny as sales director – EMEA and Southeast Asia. Halfpenny is responsible for sales activities in Europe, the Middle East and Africa, as well countries in the Southeast Asia region....


Bobcat Breaks Ground for Mexico Manufacturing Facility

Bobcat Company held a ceremonial groundbreaking June 13 for its new, $300-million manufacturing facility in Mexico. Located in the Salinas Victoria municipality, outside of Monterrey in the state of Neuvo Leon, Mexico, the 700,000-sq....


Genie Introduces New Sales Leader in North America

Ben Bradshaw, a veteran of the equipment and rental industry, has joined the Genie team as the new executive vice president of North America Sales. Bradshaw is a seasoned leader with more than two decades at leading rental companies, including his most recent role as a senior vice president....


Terex Launches MAGNA for Large-Scale Quarrying, Mining Operations

Terex has launched MAGNA, a new brand to provide equipment for large-scale operations in the quarrying, mining, construction and recycling industries. With decades of experience and a reputation for excellence across its Powerscreen, Finlay and EvoQuip brands, Terex has been at the forefront of providing innovative, high-quality equipment solutions for compact and mid-sized materials processing markets....


ABC: Construction Materials Prices Decrease in May for First Time Since December

Construction input prices decreased 0.9 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics' Producer Price Index data released June 13....


Chappell Tractor Opens New Location

For five generations, Chappell Tractor has been serving northern New England contractors with some of the most sought-after construction equipment products in the industry. Founded 69 years ago in Milford, N.H., the company expanded in the 90s and 2000s with locations in Brentwood and Concord, N.H....


Tractor & Equipment Company Keeps 'Going the Extra Mile'

'Going the extra mile' has been the company philosophy since Tractor & Equipment Company (TEC) first opened its doors back in 1943. Over the years, it has been paying dividends, and that continues today....


Caterpillar Inc. Donates $500,000 to Associated Equipment Distributor Foundation's Vision 2025 Campaign

Caterpillar Inc. announced a $500,000 donation to the Associated Equipment Distributors Foundation (AEDF) in support of AEDF's Vision 2025 Campaign. The campaign is designed to address the technician shortage within the equipment distribution industry....


ABC: Nonresidential Construction Adds 17,100 Jobs in May

The construction industry added 21,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 251,000 jobs, an increase of 3.1 percent....








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