Check out some interesting headlines around the industry this week.
Global Construction Equipment Rental Market to Exceed $110 Billion by 2019 According to Technavio (Business Wire)
"According to Technavio’s latest report, the global construction equipment rental market is expected to exceed USD 110 billion by 2019 growing at a CAGR of over 7% during the forecast period." Read more
Terex Asks Zoomlion to Up its Offer
"According to an exclusive Reuters report, Terex has asked Zoomlion to increase its initial $3.3 billion offer if the Chinese company wants Terex to walk away from its merger agreement with Finland’s Konecrane." Read more
Women and Minorities Dwindling in Construction Industry (Commercial Observer)
"The number of women and minorities in the New York City construction industry has dropped, a report released today shows. Those identifying as either white or Hispanic dominated the demographic makeup of the construction industry, as the share of minority workers decrease, according to an analysis by the New York Building Congress of the most recent census data. White workers accounted for 41 percent, while Hispanics were close behind at 38 percent. Both the share of blacks as well as Asians each dropped a percentage point between 2013 and 2014 to 12 percent and 9 percent, respectively." Read more
Winnipeg's Construction Industry Not Affected by Economic Downturn (CTV News Winnipeg)
"In a time when much of Canada is facing an economic downturn, Winnipeg is announcing and breaking ground on new multi-million dollar projects. In his State of the City address, Mayor Brian Bowman announced his support to demolish and redevelop Winnipeg’s Public Safety Building and Civic Centre Parkade. Read more
City's Crane Ban is Crippling Construction, Industry Argues (Crains New York Business)
"Construction sites across the city are being frequently paralyzed by stricter rules on crawler cranes enacted after a deadly accident earlier this month, prompting construction industry leaders to appeal to City Hall." Read more
