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WSP Completes the Acquisition of Parsons Brinckerhoff

MONTREAL, Quebec -- WSP Global Inc. announced it has completed the acquisition of all of the issued and outstanding capital stock of the entities comprising the business of Parsons Brinckerhoff Group Inc., the professional services division of Balfour Beatty plc.

Construction Employment Increases Amid Growing Demand, Worker Shortages

Construction employment expanded in 236 metro areas, declined in 53 and was stagnant in 50 between September 2013 and September 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that as firms expand their payrolls, many are finding a limited supply of available qualified workers.

American Concrete Institute Releases the Reorganized ACI 318-14

FARMINGTON HILLS, Mich. -- The American Concrete Institute officially released the completely reorganized ACI 318-14: Building Code Requirements for Structural Concrete. The 2015 International Building Code will reference 318-14.

Architecture Billings Index Shows Robust Conditions Ahead for Construction Industry

WASHINGTON, D.C. -- With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the September ABI score was 55.2, up from a mark of 53.0 in August. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 64.8, following a mark of 62.6 the previous month.

Tocci Building Companies Begins Construction of Rock Chapel Marine Headquarters in Massachusetts

Tocci 2WOBURN, Mass. -- Tocci Building Companies, a Boston, Massachusetts-area construction manager announced that it has broken ground on a new headquarters for Rock Chapel Marine located in Chelsea, Massachusetts. The two-story, 5,349 square-foot office space will provide an architecturally appealing base for the company.

OSHA Provides Direction for Inspecting Cranes, Derricks on Construction Worksites

WASHINGTON, D.C. -- The Occupational Safety and Health Administration recently issued a directive for enforcing requirements of the cranes and derricks in construction standard. The new directive provides OSHA-compliance personnel with direction on performing inspections where power-operated equipment, covered by Subpart CC – Cranes and Derricks in Construction, is present on a construction worksite.

ELFA’s Survey of Economic Activity Reports on Leasing and Finance Sector

WASHINGTON, D.C. -- The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector, showed their overall new business volume for September was $9.4 billion, up 21 percent from new business volume in September 2013. Month over month, new business volume was up 31 percent from August. Year to date, cumulative new business volume increased 8 percent compared to 2013. 

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