construction

Caterpillar Inc.'s stock price soared significantly on Tuesday, starting the day with a 2.83% increase and ending with an impressive 8.86% gain. The company's strong Q2 performance, with actual earnings per share (EPS) of 5.55, exceeded market expectations by a considerable margin. The...

Construction and mining equipment manufacturer Caterpillar Inc (NYSE: CAT) is set to report its fourth-quarter earnings on Tuesday before the opening bell, kicking off the earnings season for construction stocks, here’s what investors can expect. Earnings Outlook: The Street is...

While Ritchie Bros Auctioneers Inc (NYSE: RBA) is not a large cap stock, it has seen 39.6% gains in the past six months and has extremely strong support along the $50 levels. RBA is an asset management and disposition company, largely for industrial equipment and durable assets. Headquartered...

In Detroit, a city with multiple flagship construction projects underway and a housing stock in need of repair, a new program aims to solve the challenges faced by minority-owned contractors. What Happened: The Motor City Contractor Fund was announced Tuesday by the Rocket Community Fund, the...

Canadian bulk carrier Trimac Transportation announced late Monday the acquisition of Southern California cement hauler Double Eagle Transportation. Based in Hesperia, California, family-owned Double Eagle operates a fleet of 96 tractors and 124 dry bulk pneumatic trailers. With 132 employees, 105...

We're in the thick of summer, the prime season for road construction crews to get a lot of work done. With President Joe Biden striking a deal on his infrastructure plan and 40% of Americans planning on summer travel (similar to pre-pandemic levels), we may soon see a lot more workers out there....

While external factors limit the upside for Fastenal Company (NASDAQ: FAST), internal factors pose heightened risk over the next 12 months, according to Morgan Stanley. The Fastenal Analyst: Joshua Pokrzywinski downgraded the rating for Fastenal from Equal-Weight to Underweight, while reducing the...

Nooses found at an Amazon.com, Inc. (NASDAQ: AMZN) site in Windsor, Connecticut, are causing the company to halt construction there. What Happened: Amazon has temporarily halted construction site at the Windsor location after seven nooses were discovered at the site since April...

Power REIT (NYSE: PW) has acquired two Colorado parcels. The Old Bethpage, New York-based company purchased properties in Crowley County for a total of $150,000. The parcels span 2.37 acres and 2.09 acres, respectively. Powe REIT also entered into a triple-net deal with Monte Fiore,...

KB Home (NYSE: KBH) reported quarterly earnings of 55 cents per share on Wednesday, beating the analyst consensus estimate of 50 cents by a nickel. This is a 7.84% increase over earnings of 51 cents per share from the same period last year. The company reported quarterly sales of $914 million...

Homebuilders may be among the beneficiaries from low interest rates and federal stimulus packages aimed at buffering the economic strain from the coronavirus pandemic, according to BofA Securities.  “We believe current strength in new home, repair and remodeling and recreational vehicle...

The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department. “Due to recent events surrounding COVID-19, many governments and businesses are operating on a limited capacity or have...

Construction-focused companies Caterpillar Inc. (NYSE: CAT) and United Rentals, Inc. (NYSE: URI) have some of the highest exposure rates to U.S. non-residential construction, which is likely to enter a multi-year downturn cycle due to the coronavirus, according to Morgan Stanley. The Analyst...

HaulHub Technologies, a logistics startup serving the construction industry, announced Thursday it has secured $30 million in Series B funding to expand its transportation management platform. Led by funds and accounts advised by T. Rowe Price Associates and Durable Capital Partners LP, the...

Multimodal logistics service provider Europa Worldwide Group has appointed Alec Kirkbride, the former national building manager of supermarket chain Aldi Stores U.K., as the head of property for its new £60 million state-of-the-art logistics facility being built at Midlands Logistics Park in Corby...