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Industry News

U.S. Construction / Infrastructure Articles

Dodge Momentum Index shows improvement in January
The January Dodge Momentum Index rose 2.4 percent to 126.4 from its December reading of 123.4, reports Dodge Data & Analytics.
February 5, 2016 – Pit & Quarry

12 Nonresidential Subsectors Experienced Spending Decreases in December
Nonresidential construction spending dipped for a second consecutive month, falling 0.4% on a monthly basis in December, according to analysis of U.S. Census Bureau data released by Associated Builders and Contractors (ABC).
February 5, 2016 –

Indiana Toll Road targeted for $200M in improvements
The private company that operates the Indiana Toll Road will spend $200 million over the next two years to improve a 73-mile stretch of the highway.
February 4, 2016 – South Bend Tribune

Good Neighbor Award Winner: Cincinnati Asphalt Goes Above & Beyond for Ailing Veteran
It's always upsetting in our industry when we hear about people who fall victim to paving scams. This happened recently at the home of an ailing Vietnam Veteran, John Roush and his wife Carol.
February 4, 2016 –

US construction spending hit 8-year-high in 2015
U.S. construction spending rebounded slightly in December, helping push total spending for 2015 to the highest level in eight years.
February 1, 2016 – Myrtle Beach Online

South Carolina proposes $725 million plan to widen Interstate 27
The South Carolina Department of Transportation wants to upgrade sections of Interstate 26, but it's not going to be cheap.
January 29, 2016 – Equipment World

Bridge work the focus of Kentucky's $6 billion proposed highway plan
Kentucky Gov. Matthew Bevin this week released his administration's 2016 Recommended Highway Plan that details transportation projects and funding for fiscal years 2016-2022, representing $6 billion in "traditional revenues."
January 29, 2016 – Equipment World

2016 Nonresidential Construction Spending May Not Grow as Rapidly as 2015
Nonresidential fixed investment shrank by 1.8% in the fourth quarter, the first time the segment has contracted since the third quarter of 2012.
January 29, 2016 –

Architecture Billings Index Ends Year on Positive Note
There were a few occasions where demand for design services decreased from a month-to-month basis in 2015, but the Architecture Billings Index (ABI) concluded the year in positive terrain and was so in eight of the twelve months of the year.
January 28, 2016 – Compact Equipment

December Dodge Momentum Index Reflects 4% Increase in New Construction Starts
New construction starts in December advanced 4% to a seasonally adjusted annual rate of $591.6 billion, according to Dodge Data & Analytics.
January 22, 2016 –

Virginia's Commonwealth Transportation Board awards $194 million in transportation project contracts
Virginia's Commonwealth Transportation Board (CTB) has awarded seven road and bridge project contracts valued at $194 million in the Virginia Department of Transportation's Hampton Roads, Richmond and Staunton districts.
January 22, 2016 – Equipment World

Wells Fargo Says 2016 Could Be A Very Strong Year For Construction
Contractors and equipment distributors continue to show strong optimism about an increase in local construction activity for 2016.
January 21, 2016 – Construction Equipment

Texas set to approve extension to Texas 249 and US 290 in 2016
The Texas Department of Transportation is poised to give the go-ahead to US$1.27 billion worth of freeway to start this year.
January 18, 2016 – World Highways

GA Governor Announces 10-year, $10B Transportation Investment Plan
Georgia Governor Nathan Deal has announced a $10 billion, 10-year transportation investment plan that would be financed through a $900 million transportation funding bill passed in 2015.
January 13, 2016 –

ELFA Announces Top 10 Equipment Acquisition Trends for 2016
The Equipment Leasing and Finance Association (ELFA), which represents the $1 trillion equipment finance sector, has revealed its Top 10 Equipment Acquisition Trends for 2016.
January 12, 2016 –

Equipment Leasing and Finance Industry Confidence Remains Steady in December
The Equipment Leasing & Finance Foundation (the Foundation) recently released the December 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
January 8, 2016 – Compact Equipment

Minnesota DOT provides roughly $32 million in grants for state highway projects designed for economic development
The Minnesota Department of Transportation (MnDOT) has awarded approximately $32 million in grants for state highway projects that are designed to support economic development in addition to updating the states transportation system.
January 8, 2016 – Equipment World

11 Construction Industry Predictions to Keep on Your Radar for 2016
Construction software provider Newforma highlights 11 industry trends construction contractors should keep on their radar - or start incorporating into their businesses - for 2016 and beyond.
January 7, 2016 –

Kentucky governor cuts $112.5 million from transportation budget
Kentucky might see several road construction projects delayed after the governor ordered a $112.5 million cut - 5.6 percent - in the state's transportation budget.
January 7, 2016 – Equipment World

Single-family Residential Construction Spending Up, Multifamily Spending Decreases
National Association of Home Builders (NAHB) analysis of Census construction spending data shows that total private residential construction spending for November increased to a seasonally adjusted annual rate of $428 billion.
January 5, 2016 –

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