Concrete Products is the leading source for Concrete Plants, Concrete Mixers, Precast, and Ready Mix news.

Index finds labor driving construction costs more than materials, products

Source: Turner Construction Co., New York; CP staff

The Second Quarter 2015 Turner Building Cost Index, which measures non-residential building construction market activity and is widely subscribed among public and private project stakeholders, has increased to a value of 938, reflecting a 1.19 percent jump from the first quarter and 4.7 percent gain over the same period in 2014.

Read more: Index finds labor driving construction costs more than materials, products

Forecaster sees modest growth rate across key construction sectors

Source: FMI Corp., Raleigh, N.C.

Construction activity in 2015 is expected to grow at 5 percent, leveling off from the previous forecast of 8 percent in the first quarter of 2015, according to the Q2 Construction Outlook from lead management consultant FMI. “Construction spending continues to build on the rapid growth experienced in the industry last year,” says Senior Managing Director and President of Investment Banking Chris Daum. Although the Q2 Outlook is lower than last quarter’s, he adds, it still finds 2015 logging the highest total for construction put in place since 2008.

Read more: Forecaster sees modest growth rate across key construction sectors

Daimler Trucks takes stake in inspection report, HOS logging leader Zonar

Sources: Daimler Trucks North America (DTNA), Portland, Ore.

DTNA has announced an investment in Zonar Systems, Inc., whose heavy-duty truck telematic and connectivity devices support remote diagnostics and automated logging of driver hours of service and vehicle inspection results.

Read more: Daimler Trucks takes stake in inspection report, HOS logging leader Zonar