Corporate News

Wieland chalks up productivity gains to paperless project

At a rural Ohio jobsite, Wieland Construction and its subcontractors are managing progress entirely from mobile devices — an investment they say has been offset by hours of time saved and countless mistakes avoided.

By Kathleen Brown • Nov. 12, 2018

Tutor Perini's Q3 income, revenue fall

The contractor attributes 4% income and 6% revenue declines to continued delays on the California High-Speed Rail and other projects, but said that its $8.5 billion backlog is just shy of its record high.

By Laurie Cowin • Nov. 09, 2018

Fluor, McDermott post declines in Q3 earnings

Fluor Corp. earmarked $9.6 billion in new awards for the quarter, but its earnings were down around 20%, while McDermott International Inc.'s income dropped almost 98% due largely in part to tax and merger expenses.

By Laurie Cowin • Nov. 06, 2018

Skanska bowed out from certain types of P3s. How will that affect the market?

Avoidance of certain high-risk-high-reward projects is understandable for Skanska, legal experts said, and while the move may slightly reduce competition, it could also serve as a "wake-up call" for other contractors.

By Kim Slowey • Nov. 05, 2018

3 cities in 'late-stage' talks to win Amazon HQ2

Reports suggest the winning location could end up in Dallas, New York or Northern Virginia — but Amazon remains tight-lipped.

By Kristin Musulin • Nov. 05, 2018

Plaza Construction hired for $540M SkyRise Miami entertainment tower

At 1,000 feet, the amusement and observation tower is on track to be the tallest building in Florida.

By Kim Slowey • Nov. 02, 2018

Column

Digital Deals abound with integrations, new products and 3D printing breakthroughs

The first firm to receive a U.S. building permit for a 3D-printed home was backed by D.R. Horton, America’s biggest home builder, to kick off two weeks in which more than a dozen deals were signed. Here are the highlights.

By Joe Beeton • Oct. 31, 2018

Carpenters union, Related strike deal for Hudson Yards

The developer of the $25 billion project in Manhattan said the agreement secures millions of man-hours for the New York City District Council of Carpenters, at rates that are up to 10.5% lower than the prevailing wage rate.

By Kim Slowey • Oct. 29, 2018

Strike teams up with Sentinel Energy to form $854M business

Pipeline infrastructure contractor Strike's operations are expected to generate $1.8 billion in revenue this year.

By Kim Slowey • Oct. 26, 2018

Skanska quits US P3 market, replaces civil division chief

President and CEO Anders Danielsson said the potential rewards of future U.S. public-private partnerships did not rise beyond the level of risk.

By Kim Slowey • UPDATED: Oct. 26, 2018 at 1:09 p.m.

Fluor stock falls 17% on disappointing Q3 revenue estimates

The firm said that multimillion-dollar charges on two troubled projects put a dent in its projected third-quarter revenue, which falls short of analysts' forecasts.

By Kim Slowey • Oct. 12, 2018

Covestro announces EU1.5B investment in Houston-area plant

The German polymer supplier chose to expand its Baytown, Texas, site — which already employs 1,000 — due to the area's low costs and existing infrastructure.

By Kim Slowey • Oct. 12, 2018

North American Construction Group buys Aecon mining assets for CA$199M

Aecon, the Canadian construction giant, is selling its mining assets as its focus turns to infrastructure and industrial work.

By Kim Slowey • Oct. 04, 2018

What you need to know about talent management

The most underestimated tool in the HR toolbox may be your front-line managers — and forward thinking HR pros are making manager development a key part of their business strategy.

By Kathryn Moody

5 joint ventures vie for $650M New York lab project

Teams that include Skanska, AECOM Tishman, McCarthy, Turner and more have until Jan. 15 to submit proposals for the state Department of Health's new public health lab.

By Kim Slowey • Sept. 18, 2018

Tutor Perini's Q2 backlog a record $8.7B

Although its earnings declined 14.5% to just under $28 million, its current and future contracts value increased 15% from the same quarter last year. 

By Kim Slowey • Aug. 15, 2018

AECOM hit record $5B revenue, earned $61M in Q3

Despite the sales boost, the construction giant's income was down nearly 40% from the prior year's third quarter. An executive said the firm is trying to narrow its focus rather than "being all things to all people."

By Laurie Cowin • Aug. 10, 2018

Jacobs posts strong Q3, touts last year's acquisition of CH2M Hill

The December absorption, which chairman Steven Demetriou said is surpassing expectations, has been a factor in the engineering-focused construction firm's year-over-year revenue gains of 65%.

By Laurie Cowin • Aug. 09, 2018

LafargeHolcim acquires Denver-based concrete company

With the absorption of Metro Mix, the international cement and concrete giant aims to cash in on a building boom in the acquiree​'s regional market.

By Kim Slowey • Aug. 08, 2018

WSP to buy Louis Berger for $400M

The acquisition will be a merging of international giants in the engineering professional services field.

By Kim Slowey • Aug. 01, 2018

Skender plans Chicago modular manufacturing facility

The contractor-turned-modular builder said the plant will help merge design, manufacturing and construction into one process and shave up to 40% off schedule and 20% off costs.

By Kim Slowey • July 27, 2018

Katerra plans more advanced, autonomous prefab plant

Robotics and automation will play a big part in the Tracy, California, plant's capacity to deliver the equivalent of 12,500 modular multifamily units annually.

By Kim Slowey • July 13, 2018

Brasfield & Gorrie offers hands-on construction tech program

The contractor partnered with the University of Alabama to provide real-world experience with 3D printing, modeling and modular manufacturing methods.

By Kathleen Brown • July 11, 2018

Populous introduces sports venue design-build service

The architecture firm's design-build service is tailored to meet the relatively short off-season in which venue owners can make changes.

By Kim Slowey • July 10, 2018

Fortive to buy software firm Gordian for $775M cash

Fortive expects the construction software and data firm to generate $130 million this year and anticipates a 10% return on capital within five years. 

By Kim Slowey • July 06, 2018