Volvo Construction Equipment (Volvo CE) announced that it is divesting its wholly owned British dealership to long-term distribution partner SMT. The deal was signed on July 4. The sale includes the distribution rights for Volvo-branded construction equipment machines, parts and aftersales in Great Britain, as well as Volvo Construction Equipment Great Britain’s headquarters in Duxford, Cambridgeshire, its nationwide operations, most…
Read MoreDay: July 5, 2017
Construction Spending Holds Steady
Construction spending during May 2017 was estimated at a seasonally adjusted annual rate of $1,230.1 billion, nearly the same as (±2.5 percent) the revised April estimate of $1,230.4 billion. The May figure is 4.5 percent (±2.5 percent) above the May 2016 estimate of $1,177.0 billion.
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