Category: Business Services
-
Vermeer Acquires Australian Vac Truck Industries
Vermeer recently announced it has acquired an Australian-based firm. According to the company: Vermeer Corp. has taken an ownership interest in Vac Truck Industries (VTI), based in Arundel, Queensland, Australia. Vermeer and VTI will partner together with current in-country manufacturing, branding, sales and support of innovative vacuum trucks, jetter systems, suction trucks and customized solutions.…
-
New Financing Model Benefits for Construction Companies
The construction market is experiencing an oversupply of equipment as dealers who previously purchased large quantities now hold excess inventory, creating a prime opportunity for buyers to acquire new machinery for their businesses. Additionally, the construction equipment market is grappling with a complex mix of economic pressure, supply chain challenges, regulatory changes, and shifting market…
-
40+ Companies Exhibiting at Work Truck Week for First Time
NTEA has announced that many companies will be exhibiting at the 2025 Work Truck Week and many of those will be at the show for the first time. According to the NTEA: New commercial vehicle bodies, propulsion systems, and equipment are among the dozens of products, technology and services launching at Work Truck Week 2025. Attendees…
-
Why Strategic Action is Construction’s Strongest Ally in 2025
In what appears to be a continuation of the previous year’s performance, the construction industry continued to see either growth or stability in all of its sectors. Anchored by a large thrust in the residential sector once again, businesses largely flourished. Most organizations have seen stability in both profitability and the competitive landscape, according to…
-
Caterpillar Launches Video to Celebrate Anniversary
Caterpillar is celebrating 100 years of creation this year and has put together a short video to display its decades of equipment — with a twist of a little midnight magic. Showcasing the evolution and power of the Cat lineup, the video playfully presents the company’s heavy machinery from various years coming to life after hours and…
-
American Concrete Institute Releases ACI Code-318-25 for Structural Concrete
The American Concrete Institute (ACI) today announced a new release of its ACI CODE-318-25: Building Code for Structural Concrete – Code Requirements and Commentary. According to ACI: This updated edition is now available to ACI 318 PLUS platform subscribers and will be offered for purchase in print and digital formats through the ACI Store in early…
-
Construction Industry Could Face Tariff Trouble
As the new year is starting up and U.S. citizens turn their sights to the 2025-2029 term president-elect Donald Trump’s new term and what it could mean, some of the construction industry is beginning to worry about the proposed tariffs. It has been anticipated that the Trump administration will place high tariffs on China, Mexico,…
-
ABC: Material Costs Down 0.2% in December, Up 0.9% YoY
One of the many economic indicators we’re all watching is the price of materials in the construction industry. With political and economic changes in the mix, what can contractors expect for prices in 2025? Associated Builders and Contractors (ABC) offers a glimpse. According to ABC: Construction input prices decreased 0.2% in December compared to the previous month,…
-
Peabody General Contractors and Horsepower Site Services Rebrand as HEI Civil
HEI Civil, a heavy civil construction company, announced the official rebranding of Peabody General Contractors and Horsepower Site Services to HEI Civil. Peabody General Contractors was acquired by HEI Civil in 2018, and Horsepower Site Services joined the company in 2019. “This rebranding marks a significant milestone in our journey to become the nation’s premier…
-
Defining ‘Five Stars’ in the Construction Industry
What’s the first thing we all do in a new city? Search Google or Yelp for places to eat. Then, we ask a few folks to see if the “five-star reviews” translate into meaningful experiences. In industries like ours, delivering world-class service every day is not only the norm but the entry price for civil…