No project is too tough for Doosan excavators and wheel loaders. Doosan heavy equipment delivers in extreme conditions in a variety of industries.
Read MoreDay: August 1, 2022
Construction Spending Up Year-Over-Year; Highways Down
The U.S. Census Bureau reported that construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1% (±1.0%) below the revised May estimate of $1,781.9 billion. The June figure is 8.3%(±1.5%) above the June 2021 estimate of $1,628.0 billion.
Read MoreSingle-Family Starts Fall to Two-Year Low
Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020, both single-family starts and permits fell below a 1 million annual pace.
Read MoreWeir’s Garib to Retire; Neilson to Become President
The Weir Group PLC announced that after 43 years of service, Ricardo Garib will retire as president of Weir Minerals effective Dec. 31. He will be succeeded by Andrew Neilson, who is currently president of Weir ESCO. Details of Neilson’s successor are pending.
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