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News Stories (30 Results) - Construction

CIT, a division of First Citizens Bank, announced the Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm.The 10 items of heavy... Read Story
January 21, 2022, 07:15 AM

DCR Technologies and Construction Equipment Guide (CEG) announced they have entered a strategic partnership, combining DCR's origination technology with CEG's classified equipment listings for nearly 1,700 dealers nationwide.With technology playing... Read Story
October 25, 2021, 07:02 AM

Horizon Technology Finance along with lending partner Trinity Capital announced that they provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology company focused on creating environmentally-friendly... Read Story
September 14, 2021, 07:06 AM

Wells Fargo released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November 2020, the bank queried... Read Story
March 17, 2021, 07:10 AM

Aerial working platforms have been playing an invaluable role in infrastructural development in emerging economies, particularly the construction of high rises, which has gained traction in recent years, according to Global Market Insights. According... Read Story
September 25, 2020, 07:00 AM

NFS Leasing, Inc. and Valor Underground recently completed a third equipment finance agreement in as many months. Valor Underground is an underground construction startup founded three months prior to its first agreement with NFS Leasing. After... Read Story
August 12, 2020, 07:13 AM

EquipmentWatch, the leader in heavy construction equipment research, data and intelligence, released a new report titled "Future-Proofing the Construction Business: Equipment Trends, Insights, and Guidance,” which examines the key trends, challenges... Read Story
July 16, 2020, 07:17 AM

Nexseer Capital announced it had completed a $36.2 million equipment and project funding for a $3 billion revenue food products manufacturer. The financing included the construction and installation of a frozen food storage facility; furniture... Read Story
June 20, 2019, 07:25 AM

Rising disposable income, increasing government investments in infrastructure projects, and growing demand for residential construction are all driving hefty growth in the construction equipment manufacturing markets. In a new report, Construction... Read Story
January 04, 2018, 07:00 AM

Construction contractors and equipment distributors have continued optimism about local, nonresidential construction activity in 2015 and expect a strong rental market and increasing equipment acquisitions, according to a survey from Wells Fargo... Read Story
February 26, 2015, 07:14 AM

Activity in the construction industry continues its multi-year improvement trend with a notable change in 2014 compared to 2013, according to the latest Construction Executive Survey from Wells Fargo Equipment Finance. A much larger percentage... Read Story
October 02, 2014, 06:55 AM

Industry executives expect higher levels of non-residential construction, equipment purchases and rentals in 2014 Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2014... Read Story
February 26, 2014, 07:05 AM

The Third Quarter 2013 Construction Executive Survey from Wells Fargo Equipment Finance confirms that the construction industry continues on an upward path. According to the survey, 57.7% of the executives surveyed said activity was “somewhat higher”... Read Story
October 07, 2013, 07:00 AM

According to the GE Capital 2Q 2013 Construction Industry Research Monitor, the housing recovery strengthened in 2012 and is expected to experience additional but more gradual growth in 2013, supported by low mortgage rates.  The report notes... Read Story
July 09, 2013, 07:02 AM

The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2012 was estimated at a seasonally adjusted annual rate of $837.1 billion, 0.6 percent (±2.1%)* below the revised July estimate of $842.0 billion.... Read Story
October 02, 2012, 07:06 AM

Ritchie Bros. Auctioneers  sold more than $40 million of equipment items and trucks at an unreserved public auction in Fort Worth, Texas on September 25 - 26, 2012. More than 3,400 equipment items and trucks were sold in the auction—with each and... Read Story
September 27, 2012, 07:00 AM

The Q3 survey of construction executives conducted by Wells Fargo Equipment Finance reveals a sentiment that construction activity has been rising compared to a year ago. However, about 61% said they felt that the downturn in the construction... Read Story
September 26, 2012, 07:45 AM

Associated Builders and Contractors (ABC) released its newest construction economic measure, the Construction Confidence Index (CCI). The CCI reflects three aspects of the U.S. nonresidential construction industry – sales prospects, staffing levels... Read Story
August 23, 2012, 07:00 AM

Associated Builders and Contractors (ABC) today reports its Construction Backlog Indicator (CBI) rose 4.3 percent in the second quarter of 2012 after declining the two previous quarters. Despite the quarterly expansion, CBI is 0.3 months, or 4.2... Read Story
August 16, 2012, 07:32 AM

The U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2012 was estimated at a seasonally adjusted annual rate of $820.7 billion, 0.3 percent (±1.3%) above the revised March estimate of $818.1 billion.... Read Story
June 04, 2012, 07:30 AM

According to Wells Fargo Equipment Finance’s Construction Quarterly for Q2 2012, overall construction spending achieved a 7% gain compared to a year ago in spite of decreases in public infrastructure spending. Unseasonably warm weather and low... Read Story
May 30, 2012, 08:00 AM

Construction Equipment reported Ritchie Bros. sold more than 200 cranes in five weeks at its first unreserved public auctions of 2012 in North America, Europe and the Middle East. According to the report, each crane was sold to the highest bidder... Read Story
March 22, 2012, 08:00 AM

Construction contractors and equipment distributors are optimistic local non-residential activity will improve in 2012, according to a recent survey by Wells Fargo Equipment Finance Inc.In the company's 2012 Construction Industry Forecast, Wells... Read Story
February 01, 2012, 07:30 AM

GE Capital, Dealer Finance announced that it is doubling its sales force to support growing retail and wholesale demand for construction equipment financing. “This enhanced coverage ensures that we’re ready to assist dealers with financing options... Read Story
January 23, 2012, 08:00 AM reported the American Road & Transportation Builders Association (ARTBA) forecasts highway and bridge construction to contract 6%, to an estimated $72.6 billion in 2011 and remain flat through 2012. Subway and light-rail... Read Story
January 16, 2012, 07:00 AM

Construction equipment manufacturers anticipate overall business to close out 2011 with double-digit increases over last year in the U.S., Canada and worldwide. Growth is expected to continue but at a slower pace for 2012 through 2014, according to... Read Story
December 19, 2011, 07:00 AM

Proxibid, the world’s largest real auction marketplace, today announced that Cat Auction Services has selected the Company to provide online bidding for its new eQuipment Yard online timed auction service. Online bidding for eQuipment Yard’s... Read Story
November 29, 2011, 06:30 AM

Baird, in partnership with Rental Equipment Register published the results of its Q3 2011 survey of the rental equipment industry.  The report indicated construction equipment rental revenue growth of 10.1% year over year and an improvement from 9.3%... Read Story
November 02, 2011, 06:30 AM

Terex Corporation announced income from continuing operations for the third quarter of 2011 of $36.9 million compared to a loss from continuing operations of $90.9 million in the third quarter of 2010. Excluding the sale of shares of Bucyrus... Read Story
October 31, 2011, 07:00 AM

International Construction reported that Komatsu’s sales increased 15% for the six months ended September 30, 2011 to $13 billion and net income increased 48.5% to $ 1.2 billion. The company’s overall sales of construction, utility and mining... Read Story
October 28, 2011, 06:00 AM