Category: Construction News
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Volvo CE to Divest Stake in SDLG, Refocus Strategy in China
Volvo Construction Equipment has announced plans to sell its 70% ownership stake in Chinese construction equipment manufacturer SDLG. The shares will be transferred to a fund primarily owned by Lingong Group (LGG), the existing minority shareholder in SDLG. The move marks a strategic shift for Volvo CE, which intends to narrow its focus in the…
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Volvo CE to Divest Stake in SDLG, Refocus Strategy in China
Volvo Construction Equipment has announced plans to sell its 70% ownership stake in Chinese construction equipment manufacturer SDLG. The shares will be transferred to a fund primarily owned by Lingong Group (LGG), the existing minority shareholder in SDLG. The move marks a strategic shift for Volvo CE, which intends to narrow its focus in the…
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Command Alkon Acquires Digital Fleet to Expand Fleet Management Capabilities
Command Alkon has acquired Digital Fleet, a company specializing in fleet management solutions for the heavy building materials industry. The acquisition includes Digital Fleet’s full product suite and team and marks an expansion of Command Alkon’s efforts to strengthen its technology offerings across logistics and operations. Digital Fleet, previously owned by Ozinga Ventures, brings experience…
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Teletrac Navman Expands Partnership with HERE to Boost Fleet Safety Analytics
Teletrac Navman has extended its partnership with HERE Technologies to improve the accuracy and reliability of driver safety data for fleet operators. The agreement will support continued integration of HERE’s mapping and location services into the TN360 platform, helping customers monitor and assess driver performance across vehicle fleets. Through the partnership, Teletrac Navman uses data…
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DOGE Reforms Trigger Surge in Federal Construction Contract Terminations
The Department of Government Efficiency (DOGE) has launched sweeping reforms aimed at eliminating waste, streamlining procurement and reallocating federal funds away from underperforming or redundant programs. While DOGE’s mission focuses on government operations, government contractors – including in the construction industry – are feeling the ripple effects of the department’s actions. One of the most…
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Industrial Construction Drops 63% Across Largest U.S. Markets
The industrial real estate market across the U.S. is entering a new phase of balance after years of explosive growth. According to Colliers, the 25 largest U.S. industrial markets now account for 76% of the country’s total industrial inventory, continuing to drive national trends despite a notable slowdown in construction and leasing activity. Supply Shrinks,…
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Concrete Repair Mortars Market to Reach $6.5 Billion by 2034 Amid Rising Infrastructure Demand
Concrete remains one of the most widely used construction materials worldwide, but even the most robust structures are subject to damage over time. Concrete repair mortars offer a practical solution for restoring worn or damaged concrete surfaces. This article explores what these materials are, their common types, applications and why they’re increasingly important in construction and…
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Volvo and Daimler Launch Coretura for Truck Software Platform
Volvo Group and Daimler Truck have officially launched Coretura AB, a joint venture focused on developing a standardized software-defined vehicle platform for the commercial vehicle industry. The new company, based in Gothenburg, Sweden, aims to support future digital applications across trucks and buses by separating core software infrastructure from brand-specific features. The venture follows binding…
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Skanska USA Promotes Three Texas Leaders to Project Executive Roles
Skanska USA Building, one of the world’s leading construction and development firms, has announced the promotion of three people in its Texas market — Blake Beran, Tom Hull and Ben Johnson — to Project Executive. All three exhibit exceptional leadership and relationship skills, ensuring building projects are properly managed, start to finish. Since joining Skanska…
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FAYAT Acquires LeeBoy: What the Paving Industry Needs to Know
The news dropped late on a Tuesday night, June 24: French construction giant FAYAT Group signed an agreement to acquire LeeBoy, one of the most recognizable names in American blacktop industry. By Wednesday morning, Marvin Joles and I were already live, unpacking what it means for contractors, for the industry, and for the future of…