Construction Spending Rises; Highways Slide

The U.S. Census Bureau reported that total construction spending during July 2020 was estimated at a seasonally adjusted annual rate of $1,364.6 billion, 0.1% (±1.2%) above the revised June estimate of $1,362.8 billion. The July figure is 0.1% (±1.6%) below the July 2019 estimate of $1,366.0 billion. 

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Motion Industries Acquires AMMC

Motion Industries Inc., a distributor of maintenance, repair and operation replacement parts, and a wholly owned subsidiary of Genuine Parts Co. has completed the acquisition of Applied Machine and Motion Control Inc. (AMMC), a Kentucky-based supplier of motion control and automation products and services. The transaction closed with an effective date of Sept. 1, 2020. Founded in 1995, AMMC is headquartered…

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