Volvo CE acquires Swecon, divests shares of Chinese OEM
Global manufacturer Volvo Construction Equipment acquired fellow Swedish OEM Swecon and divested its shares of Chinese OEM Shandong Lingong Construction...
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Construction
US homebuilder sentiment drops to lowest level since end of 2022
Confidence among US homebuilders fell in June to the lowest level since December 2022, with potential buyers deterred by high...
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Volvo CE invests $260M to expand excavator production
Volvo Construction Equipment has invested roughly 2.5 billion Swedish kronor ($260 million) to expand global production of crawler excavators at...
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US jobs report points to gradual moderation in labor market
US job growth moderated in May and the prior months were revised lower, indicating employers are cautious about growth prospects...
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Beige Book: Rising input costs strain construction sector
Rising input costs and tariff uncertainty are straining construction activity and loan demand in some regions. The construction equipment industry...
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Trump signs order doubling US steel, aluminum tariffs to 50%
President Donald Trump has raised steel and aluminum tariffs to 50% from 25%, following through on a pledge to boost US import...
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Sany America sees executive shakeup
A global equipment manufacturer, a dealership chain and several finance providers made leadership changes in May. Sany America welcomes new...
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Construction spending on downward trend
Construction spending continues to trend downward as market conditions remain tight. Construction equipment investment dropped during the start of 2025...
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