Category: Business
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Strategies to Navigate Construction Labor Market Challenges
As someone who’s spent over two decades studying workforce dynamics, I’ve never seen a more complex talent landscape than what we’re facing in construction today. With open jobs plummeting 40% year-over-year, you might think we’re simply dealing with another cyclical downturn. But this isn’t your typical market correction — it’s a wake-up call for an…
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Why Ammonia Engines Haven’t Taken the Lead Yet
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in Business, Business Services, Construction Safety, Construction Technology, Diesel Engines, Equipment, Equipment Management, Featured, Fleet Maintenance, Gasoline Engines, Heavy Trucks: Class 7 & 8, Management Standards, Medium Duty Trucks: Class 4 – 6, Other Components, Trucks, Trucks & Accessories, Utility Vehicles, Worksite EquipmentStarting from 1933, ammonia engines began to be made. While slight advances were made before the 2000s, there was not the same motivation to have a working and efficient ammonia engine as there is now. Although there is an incentive to improve the ammonia engine and fuel capabilities and to create a better ammonia engine…
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Volvo Adds Hybrid Technology to New-Gen Excavators
Volvo Construction Equipment has announced the addition of hybrid models to its newest generation of excavators. These models ranging from 26 tons to 50 tons include the EC260 Hybrid, EC300 Hybrid, EC370 Hybrid, EC400 Hybrid, and EC500 Hybrid, making them the biggest models in Volvo’s hybrid portfolio. These new models deliver up to 20% better fuel efficiency than the previous series’ conventional models…
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Gordian Reveals Construction Industry Cost Insights for Q1 2025
As a provider of data-driven solutions for the building lifecycle, Gordian released its 2025 RSMeans Data. The RSMeans Data is updated quarterly to reflect the state of cost lines in the industry. Gordian reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of…
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ABC Economist Shares 2025 Construction Outlook
To assess emerging trends and both current and future concerns of the construction industry, the Equipment Today (ET) team team spoke with experts throughout the industry. In our conversation below, Zack Fritz, Economist, Associated Builders and Contractors (ABC), offers insights into today’s challenges and tomorrow’s opportunities. ET: What are the most critical construction industry challenges…
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What’s Coming This Year? AEM President and CEO Offers Forecast
Megan Tanel, President and CEO, Association of Equipment Manufacturers (AEM)Association of Equipment ManufacturersTo assess emerging trends and both current and future concerns of the construction industry, the Equipment Today (ET) team team spoke with experts throughout the industry. In our conversation below, Megan Tanel, president and CEO at Associated Equipment Manufacturers (AEM), offers insights into…
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AGC Chief Economist on Construction Challenges in 2025
Ken Simonson, Chief Economist, Associated General Contractors of America (AGC)Associated General Contractors of AmericaTo assess emerging trends and both current and future concerns of the construction industry, the Equipment Today (ET) team team spoke with experts throughout the industry. In our conversation below, Ken Simonson, chief economist, Associated General Contractors of America (AGC), offers insights…
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Industry Analyst on 2025 Prospects and Market Conditions
Alastair Hayfield, Vice President – Commercial Vehicles, Interact AnalysisInteract AnalysisTo assess emerging trends and both current and future concerns of the construction industry, the Equipment Today (ET) team team spoke with experts throughout the industry. In our conversation below, Alastair Hayfield, vice president of commercial vehicles at Interact Analysis, offers insights into today’s challenges and…
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Industry Analyst on 2025 Prospects and Market Conditions
Alastair Hayfield, Vice President – Commercial Vehicles, Interact AnalysisInteract AnalysisTo assess emerging trends and both current and future concerns of the construction industry, the Equipment Today (ET) team team spoke with experts throughout the industry. In our conversation below, Alastair Hayfield, vice president of commercial vehicles at Interact Analysis, offers insights into today’s challenges and…
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What the Steel and Aluminum Tariff Could Mean for Construction
In an effort to protect America’s steel and aluminum industries, on February 11, President Trump signed proclamations to close loopholes, restoring a “true” 25 percent tariff on steel, raising the tariff from 10 to 25 percent on aluminum. As quickly as President Trump addressed these tariffs on what are vitally imported construction materials, it didn’t…