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, …

CHARLOTTE, NC — Choate Construction Company was recognized for having the nation’s best construction safety and wellness plan in 2021 by the Associated General Contractors of America (AGC).

"Safety and health is the No. 1 priority for the construction industry, and it’s important that we recognize our member companies for …

RIDGEWAY, SC — BOMAG Americas, Inc. and Linder Industrial Machinery announce their cooperation for the sale and support of BOMAG compaction, milling, paving, and reclaiming/stabilizing equipment for roadbuilding and other construction market segments throughout North Carolina, South Carolina, and most of Florida.

The collaboration will bring together two companies with …

MOORE, SC — Takeuchi-US is preparing to open its first North American manufacturing facility in Moore, South Carolina. The new Takeuchi facility will produce compact track loaders and is expected to employ around 100 people when fully operational.

Takeuchi’s new 156,000-square-foot production facility and stand-alone office building are close to …

NORCROSS, GA — At an event held in conjunction with this year’s Associated Equipment Distributors meeting, Hyundai Construction Equipment Americas, Inc., recognized NED (National Equipment Dealers) as its top dealer of 2021.

NED, through the recent merger of Four Seasons Equipment, May Heavy Equipment, Rob’s Hydraulics Inc. …

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 …

SPARKS, MD — KCI Technologies Inc., a multi-disciplined engineering firm with offices throughout the United States, announces the acquisition of the Geomatics practice of Weston & Sampson, a consulting firm with offices along the East Coast. The addition of the Geomatics team to KCI will further the firm’s …

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 …