Our baseline forecast for the American economy next year calls for a mild recession by the second half of the year as the impact of higher interest rates sets in.
For some time, our forecast has included a 65% probability of recession over the next 12 months. Next year, we …

WESTMINSTER, Colo. —Trimble (NASDAQ: TRMB) announced that the company has changed its headquarters from Sunnyvale, California to Westminster, Colorado.

Westminster is Trimble’s largest employment center in the U.S. and serves as a central business hub for several of Trimble’s core market segments including agriculture, construction and geospatial. In addition, …

BOSTON/LOS ANGELES/NEW YORK — Shawmut Design and Construction, a national construction management firm, recently hosted its 13th annual Safety Week, focusing on physical and mental health, safety, and well-being. The week consisted of 602 events and training sessions held across 112 locations, including Shawmut’s jobsites and 11 offices around …

LOS ANGELES, CA — Webcor and Reaume Richardson announce a strategic alliance to provide general contracting and construction management services for a variety of projects across the Southern California area.

The strategic alliance combines Reaume Richardson's long-standing history and client relationships in the Los Angeles adaptive reuse market with the …

LOS ANGELES, CA — Shawmut Design and Construction, a national construction management firm, is celebrating its 40th anniversary in 2022.

Founded in 1982 as a small carpentry contractor with a handful of employees, Shawmut built its reputation on a willingness to take on the most complex and challenging projects. …

Many of the most famous structures of ancient times were constructed from a material we often think of us as modern. The workers who built them needed a material that could be shaped into blocks and other forms more easily than carving from stone. Finally, someone concocted a mixture of …

SACRAMENTO, CA — Yanmar Compact Equipment recognizes Meridian Utility Equipment Sales as the 2021 Single-Location Dealer of the Year.

“Meridian Utility took it to a new level this year. Their dedication to representing the Yanmar CE brand and sharing its value with their customers really sets them apart,” said Jeff …

ASHLAND, WI — Kinperium Industries (Kinperium) announces it has acquired K.A. Group, consisting of K-Tec Earthmovers (K-Tec) and Ashland Industries (Ashland). Kinperium partnered with the owners and management of K-Tec and Ashland to acquire a majority stake of the company. K-Tec & Ashland are manufacturers of pull-pan earthmoving scrapers …

Companies develop safety programs for reasons that may seem obvious: they want to prevent injuries of all kinds, so workers don’t suffer the physical effects and both workers and companies don’t endure negative financial or operational impacts. In addition, safety programs can also minimize the potential for damage to facilities …

The future is looking bright for the construction industry, with project pipelines full and the promise of infrastructure spending infusing the industry with confidence and optimism. But as we face another year of supply chain issues and crippling workforce shortages, it’s possible that our industry’s biggest challenge could be too …