Ritchie Bros. Acquires Controlling Stake in VeriTread

Ritchie Bros. has acquired a controlling stake in VeriTread, a leading transportation technology and services company. This acquisition will accelerate Ritchie Bros.’ marketplace strategy, which brings services, insights and transaction solutions together to improve the overall customer experience. VeriTread, founded in 2013, brings a legacy of experience in building heavy haul transportation platforms and solutions for industrial equipment, vehicles, and…

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Reality Check on Purported Global Sand Shortage Sensationalism

By Mark J. Krumenacher, PG “Reality Check on a Purported Global Sand Shortage: Sensationalism Extrapolated From Isolated Occurrences to Global Phenomena,” was written by Mark J. Krumenacher, PG, and originally published in the Electronic Green Journal, Volume 1, Issue 47. – Ed. This essay presents how an almost sidebar reference in the back pages of a book, became the topic…

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Feds Fund Transportation, Add Flexibility

Jan. 5, 2023 – The California Construction and Industrial Minerals Association (CalCIMA) reports that with the President’s signature on the recently passed Omnibus Spending bill, it ensures that funds for the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA) will go to state and local governments this year. In addition, the legislation adds an amendment from Sens. Alex…

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Trimble Acquires Ryvit

Trimble has acquired Ryvit, an integration Platform-as-a-Service (iPaaS) provider for the construction industry. Launched in 2016, Ryvit builds connections between commonly used applications and data sources, enabling information sharing both within and across organizations so that project teams can use the right information to make the right decisions at the right time. 

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Construction Spending Up Slightly for Month; Significantly for Year

According to the U.S. Census Bureau, construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2% (±0.8%) above the revised October estimate of $1,803.2 billion. The November figure is 8.5% (±1.3%) above the November 2021 estimate of $1,665.2 billion. 

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