Our baseline forecast for the American economy next year calls for a mild recession by the second half of the year as the impact of higher interest rates sets in.
For some time, our forecast has included a 65% probability of recession over the next 12 months. Next year, we …

WESTMINSTER, Colo. —Trimble (NASDAQ: TRMB) announced that the company has changed its headquarters from Sunnyvale, California to Westminster, Colorado.

Westminster is Trimble’s largest employment center in the U.S. and serves as a central business hub for several of Trimble’s core market segments including agriculture, construction and geospatial. In addition, …

CHICAGO, IL — A diverse coalition of industry groups praised the recent ruling by the Illinois Supreme Court that Cook County and other home-rule units of government must comply with the Safe Roads Amendment to the Illinois Constitution.

The Supreme Court heard this appeal arising from a case brought against …

LOMBARD, IL — Terracon, an employee-owned firm with a history of providing engineering consulting services, announces it has acquired Wang Engineering Inc. (Wang) of Lombard, Illinois, which specializes in geotechnical engineering, construction inspection, and materials testing services.

Over the past 39 years, Wang has provided geotechnical services to a …

With 50 years under its belt, Raimonde Drilling Corporation (RDC) has been providing drilling and subsurface sampling services since 1971. RDC’s services include vertical and angle drilling into soil and bedrock formations for a variety of purposes, from mineral exploration and environmental investigations to geotechnical engineering and offshore drilling. The …

Many of the most famous structures of ancient times were constructed from a material we often think of us as modern. The workers who built them needed a material that could be shaped into blocks and other forms more easily than carving from stone. Finally, someone concocted a mixture of …

CHESTERFIELD, MO — Yanmar Compact Equipmentrecognizes Vermeer Midwest as its 2021 Multi-Location Dealer of the Year.

“Vermeer Midwest took it to a new level this year. Their dedication to representing the Yanmar CE brand and sharing its value with their customers really sets them apart,” said Jeff Pate Director …

ASHLAND, WI — Kinperium Industries (Kinperium) announces it has acquired K.A. Group, consisting of K-Tec Earthmovers (K-Tec) and Ashland Industries (Ashland). Kinperium partnered with the owners and management of K-Tec and Ashland to acquire a majority stake of the company. K-Tec & Ashland are manufacturers of pull-pan earthmoving scrapers …

Companies develop safety programs for reasons that may seem obvious: they want to prevent injuries of all kinds, so workers don’t suffer the physical effects and both workers and companies don’t endure negative financial or operational impacts. In addition, safety programs can also minimize the potential for damage to facilities …

The future is looking bright for the construction industry, with project pipelines full and the promise of infrastructure spending infusing the industry with confidence and optimism. But as we face another year of supply chain issues and crippling workforce shortages, it’s possible that our industry’s biggest challenge could be too …