Construction Spending Rises; Highways Up

Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2% (±1.2%) above the revised September estimate of $1,594.8 billion, according to The U.S. Census Bureau. The October figure is 8.6% (±1.3%) above the October 2020 estimate of $1,471.7 billion. During the first 10 months of this year, construction spending amounted to $1,323.1 billion,…

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Doug Oberhelman

Doug Oberhelman, chairman and chief executive officer of Caterpillar Inc., was named the sole recipient of the American Road & Transportation Builders Association’s (ARTBA) highest honor – the “ARTBA Award.” It was presented to Oberhelman Oct. 6 during the association’s national convention, held in Tucson, Ariz. Established in 1960, the “ARTBA Award” recognizes individuals for outstanding contributions that have advanced…

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New Construction Starts Make Huge Jump

New construction starts in August soared 21 percent to a seasonally adjusted annual rate of $711.2 billion, according to Dodge Data & Analytics, following lackluster activity in July. The August rise for total construction starts featured an especially elevated amount for nonresidential building, which was helped by the start of a $3 billion petrochemical plant in Louisiana, the $1.7 billion…

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Industry Urges Congress to Tackle Worker Shortage

Construction employment slipped from July to August for the fourth time in five months. Year-over-year job gains and recently released spending data suggest the recent weakness is due to firms having a hard time finding workers rather than lack of demand, according to an analysis by the Associated General Contractors of America. Association officials said its recent survey that found…

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ConExpo-Con/Agg to Give You the Boot

June 27, 2016 – With summer construction work in full swing, ConExpo-Con/Agg has launched a social media sweepstakes that gives the hardworking men and women of the construction and aggregates industries a chance to win a new pair of work boots. Any eligible individual who likes ConExpo-Con/Agg on Facebook or Twitter and provides their email address on the sweepstakes page will…

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