News (23)

London Tops Expensive Construction Cities List

Global design and consultant organization Arcadis has released its International Construction Cost report, with London narrowly hitting the top spot as the most expensive city for constructi...

Industry Witnessing Red Sea Supply Chain Effects

In what has been dubbed the largest disruption to global trade since the COVID-19 pandemic, the supply chain is showing signs of strain following attacks on commercial shipping vessels in th...

Survey: Contractors Struggling to Find Skilled Workers

An Associated General Contractors of America survey from the beginning of the year found that construction firms have a mixed outlook for 2024.

FHWA Reports Construction Inflation Costs

The U.S. Department of Transportation’s Federal Highway Administration recently announced that inflation has caused certain highway project costs to increase 53.8% from 2020 to the first qua...

Marine Highway Grants Target Supply Chain

The U.S. Department of Transportation’s Maritime Administration recently awarded almost $12 million in grants to support efficient supply chains in marine highways.

Vegas MSG Sphere Lights Up for First Time

Earlier this month, the new MSG Sphere in Las Vegas lit up for the first time, after a series of construction price hikes due to inflation and supply chain delays doubled the estimated proje...

June Input Prices Unchanged as Inflation Slows

The latest analysis of the U.S. Bureau of Labor Statistics Producer Price Index from the Associated Builders and Contractors has found that construction input prices remained unchanged in Ju...

‘Barbie’ Movie Exacerbates Pink Paint Shortage

Not all “life in plastic is fantastic,” according to reports, as the production designer for the upcoming “Barbie” movie says that the film has led to a global pink paint shortage.

Vegas MSG Sphere Costs Climb to $2.3B

After already experiencing a price hike at end of last year, the cost of the ongoing MSG Sphere project in Las Vegas has been reported to rise once more.

Paint Supply Delays Cricket Grounds Restoration

Work on a $2.3 million upgrade project at the Arnos Vale cricket facility in the Caribbean has been pushed back due to the unavailability of rust protective paint.

RPM International Scaling Back Paint Production

On a recent financial report call, global coatings company RPM International leadership said they would be decreasing production at some of its plants due to reduced demand, the supply chain...

Resin Prices Could be Impacted by Winter Freeze

At the end of last month, the American Chemistry Council released its November 2022 resin production and sales statistics, showing that year-to-date production in November totaled 85.3 billi...

Inflation Affecting WI Rising Construction Costs

Wisconsin Department of Transportation Secretary Craig Thompson recently spoke with reporters about how inflation is affecting the construction industry, including increased bid costs.

Covestro Constructing Two New Production Facilities

Global manufacturer of material solutions Covestro (Pittsburgh) broke ground last month for two new plants in Shanghai to meet the rising demand for polyurethane dispersions (PUD) and elasto...

Report: Construction Demands Slowing Down

Earlier this month, the Federal Reserve released its Beige Book, also known as the Summary of Commentary on Current Economic Conditions, revealing slowed construction activity in various reg...

Ongoing Inflation Impacting Infrastructure Projects

Rising costs for materials are continuing to impact infrastructure projects across the United States, shrinking the effect of the bipartisan infrastructure law with officials scaling back, d...

AkzoNobel Increasing In-House Resin Production

Global coatings manufacturer AkzoNobel recently announced that it plans to invest in the expansion of in-house resin manufacturing.

NV Venue Project Avoids Supply Chain Issues

According to reports, construction crews at the $1.9 billion MSG Sphere have yet to be plagued by ongoing supply chain issues. However, officials are preparing for potential problems as LED ...

WV Water Tank Bids Face Cost Increases

City officials in Wheeling, West Virginia, recently solicited bids for the repainting of two water tanks and were surprised by the increase in costs for the work.

Resin Shortage, Price Increases Continue

The industry has continued to see an increase in costs for raw materials that are becoming even more difficult to find due to supply shortages.

New Partnership Announced for CA Ports

Last week, California and the U.S. Department of Transportation announced a partnership to facilitate projects and financing opportunities for infrastructure improvements.

Paint Shortage, Prices on the Rise

Due to a variety of factors, aside from the ongoing COVID-19 pandemic, the industry is witnessing a shortage and price surge in, you guessed it: paint.

AkzoNobel Adds, Subtracts in China

AkzoNobel has announced plans to invest an additional €65 million ($84.4 million U.S.) in China, to boost capacity and “improve operational excellence” at its Surface Chemistry plants in Box...


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