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Section: Business > Industry Trends
Business
Q3 Update Forecasts 3.7% Expansion in Heavy Equipment
Equipment Leasing & Finance Foundation
Real equipment and software investment growth is projected to be 3.7% in 2024, with activity expected to pick up later in the year after the Fed lowers interest rates.
July 17, 2024
Training & Education
Construction Industry Spends $1.6B to Train, Upskill Workers
Associated Builders and Contractors Inc. (ABC)
ABC released its 2024 Workforce Development Survey, which found its member contractors invested $1.6 billion to provide craft, leadership and health and safety education to more than 1.3 million course attendees.
June 24, 2024
Coaching & Consulting
Construction Industry Shows Optimistic Signs
Baker Tilly
We’re experiencing an extraordinary time in U.S. history, and companies that follow prevailing wage and apprenticeship rules stand to gain additional benefits from federal funds.
June 21, 2024
Top Contractor Awards
Top 50 Paving Contractors 2024
Despite a small contraction in the market's overall grosses, as well as in the area of paving specifically, there might be a trend revealed within the data to explain why profit margins stay strong even in years when less asphalt goes down.
June 17, 2024
Expert Columns
Small Business Outlook for the Construction Industry in 2024
Kapitus
Although 2024 presents uncertainty for small business owners, there is optimism for a soft landing that will allow for continued economic growth and strong employment without a material increase in inflation.
June 9, 2024
Software Solutions
How Can Businesses Control Inflation in Construction Projects?
Management Controls explains how to use technology to manage high, inflation-driven costs affecting today's construction projects.
June 6, 2024
Construction Safety
Myth Busting Today’s Top Risk Management Trends
Avetta
To reduce contractor risk across their supply chain, businesses can turn to technology to reduce siloes, ensure the right controls and practices are in place, and overall minimize the number of workplace injuries and fatalities.
May 31, 2024
Rental Business
ARA Releases Q2 Economic Forecast for US & Canada
American Rental Association (ARA)
The quarter two rental industry forecast from the American Rental Association sees a slight increase for 2024.
May 21, 2024
Coaching & Consulting
Commercial Construction Segment Improved 12% in April
Dodge Construction Network
The Dodge Momentum Index shows data center demand has spiked the commercial segment, while other areas were down in April.
May 14, 2024
Financing, Insurance & Leasing
4 Keys to Construction Financial Management in 2024
UHY
Whether it is coping with fluctuating materials costs or navigating multi-state compliance demands, the financial management workflow within the construction industry is one of the most hectic throughout the business world.
May 8, 2024
Expert Columns
Twin Challenges for Construction in 2024: Technology and Policy Reform
Kojo
The $1 trillion federal infrastructure bill, growing investment in green power infrastructure, rising U.S. consumer demand, and initiatives to reshore manufacturing have all contributed to tremendous growth in commercial construction.
May 2, 2024
Labor & Workforce Development
Skilled Trade Labor Shortage: Time for Change
BILT released a research report that indicated that over 30% of the respondents said recent hires would resonate best with immersive digital training and yet it currently only makes up 2% of the present training methods.
April 29, 2024
Business Services
Construction Supply Chain and the Baltimore Bridge Collapse
Interact Analysis
How much will construction and other supply chains be impacted by the collapse of the Baltimore Bridge and the suspension of traffic through the Port of Baltimore? End users may temporarily face delays and increases.
April 11, 2024
Software Solutions
Crippling Effects of Inflation on Construction Contractors (and Solutions to Overcome it)
Alex Kablanian, VP and GM of Commercial and Construction at ServiceTitan, provides a real take on how inflation is ripping through the construction industry.
April 11, 2024
Construction Safety
How Baltimore Bridge Collapse Impacts Supply Chain
While the full extent of the impact is yet to be determined, the collision is likely to have far-reaching consequences for the Port of Baltimore and its role in the regional and national economy.
March 27, 2024
Plants
How Principio Asphalt Grew During Historic Labor Shortage
Astec Industries Inc.
Despite a once in a century global pandemic, national shutdowns, material and labor shortages, Principio Asphalt managed to expand it's operations over the last few years, and there's no sign of stopping.
March 18, 2024
Business
American Rental Association Adjusts Economic Outlook
American Rental Association (ARA)
In its latest economic forecast, the ARA indicates a "fairly positive" outlook.
March 12, 2024
Rental
Calculating the Total Cost of Ownership for Your Equipment
Propane Education & Research Council (PERC)
Rental businesses are increasingly finding their margins squeezed due to supply chain disruption and increased labor costs, while demand continues to grow. Here are the key categories to examine – and how propane can improve your total cost of ownership.
February 19, 2024
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