Corporate News: Page 14
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Business, construction leaders urge quick resolution to looming debt ‘catastrophe’
President Joe Biden and congressional leaders met this week as the threat of a default on the country’s $31.4 trillion debt grows.
By Jennifer Goodman • May 11, 2023 -
AECOM reports record backlog as profits jump
CEO Troy Rudd said he expects infrastructure, resilience and energy transition opportunities to grow worldwide in the coming decades.
By Julie Strupp • May 10, 2023 -
Q&A
A&P project engineer on building the foundation of a successful career
Nathalia Mingo, whose path to construction started in high school, talks about what she likes most about working in the industry.
By Jennifer Goodman • May 10, 2023 -
Jacobs’ profits more than double due to IIJA, water projects
The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year.
By Sebastian Obando • May 9, 2023 -
Black & Veatch acquires Texas electrical contractor
Bird Electric will join the engineering firm’s portfolio and expand its capabilities in fields like electric vehicles and renewables.
By Matthew Thibault • May 9, 2023 -
Tutor Perini’s loss doubles as revenue sinks
Delayed impacts from the pandemic, an adverse legal ruling and accounting charges conspired to eat into the contractor’s top and bottom lines.
By Joe Bousquin • May 8, 2023 -
Fluor posts $107M loss, increased backlog
A combined $80 million in charges on legacy infrastructure projects obscured an otherwise healthy first quarter, an analyst said.
By Sebastian Obando • May 5, 2023 -
Blame it on the weather: Granite pegs Q1 loss, revenue dip to extreme storms
Despite delays, the California contractor boosted its backlog to a record $5.1 billion and said its shift to smaller, lower risk projects was bearing fruit.
By Joe Bousquin • May 2, 2023 -
April project wins: The country’s top contractors report their latest awards
Construction Dive rounds up the newest project wins from some of the country’s biggest builders.
By Construction Dive Staff • April 28, 2023 -
Gilbane creates new tech-oriented role
The contractor is bolstering its technology focus with the appointment of Rawle Sawh to the new position of director of operations technology.
By Matthew Thibault • April 25, 2023 -
Sponsored by NAWIC
Expert on equity issues to speak at NAWIC Annual Conference
Dr. Rhianna Rogers to speak on attracting more women to the construction industry.
April 24, 2023 -
Ikea invests $2.2B to fuel US growth
The investment, which is the retailer’s largest in the past four decades, will be used to open locations and strengthen its fulfillment network.
By Caroline Jansen • April 21, 2023 -
After competitor’s exit, Swinerton grows Carolinas team
The company announced that it is expanding following the closure of Indianapolis-based contractor Shiel Sexton’s Charlotte, North Carolina, office.
By Matthew Thibault • April 10, 2023 -
Executive Moves
Sundt taps new Northern California lead
Sacramento-area native Sean Falvey brings nearly 20 years of construction experience to the role.
By Joe Bousquin • April 10, 2023 -
Project Wins
Marines recruit Granite for $126M base project
The California contractor will help build Camp Blaz, the first new Marine Corps base in 70 years, in Guam.
By Joe Bousquin • April 7, 2023 -
Project Wins
Flatiron lands 4 California projects worth $704M
The Broomfield, Colorado-based contractor strung together two interstate wins, plus water and broadband infrastructure projects in the Golden State.
By Joe Bousquin • March 29, 2023 -
Sponsored by Merchants Bonding Company
Protect your surety credit through partnership
Three ways to include your surety partner in succession planning to avoid unexpected outcomes.
By Michael Reed, Regional Vice President, Contract Underwriting • March 27, 2023 -
Q&A
Despite labor shortages, construction in Texas is booming
Adolfson & Peterson’s new central Texas director of preconstruction also discussed how the industry has changed over the past three decades and how the role of tech is evolving.
By Julie Strupp • March 24, 2023 -
Retrieved from Raysonho.Executive Moves
WSP USA hires former Jacobs exec as rail business lead
Joseph Black’s 30 years of public and private transportation experience will inform his new role as senior VP for the rail operations and service planning team.
By Julie Strupp • March 21, 2023 -
CONSTRUCTION DIVE INVESTIGATION
Tutor Perini had the most OSHA violations among contractors during the past decade
Agency officials cited the company more often than any construction contractor in its database over a 10-year period.
By Matthew Thibault , Julia Himmel , Noelle Knox • March 21, 2023 -
Sponsored by Revizto
What’s next for Revizto: 5 highlights from RevUP 2023
See all the announcements from Revizto's global user conference, including a new phone app and certification program!
March 20, 2023 -
Tutor Perini ‘negatively impacted’ by legal issues, canceled work
The Los Angeles contractor also said in its earnings call that it lost billions in potential new jobs in 2022 when owners canceled projects.
By Julie Strupp • March 16, 2023 -
Gilbane Building Co. revenue up 8%
The Providence, Rhode Island-based contractor highlighted large projects and public-private partnerships in its recent annual report.
By Matthew Thibault • March 14, 2023 -
Project Wins
Jacobs wins $249M Navy contract
The contractor will provide multidisciplinary architect-engineer services at numerous Navy and Marine Corps installations in the Southwest.
By Sebastian Obando • March 13, 2023 -
Sponsored by Clune Construction
How to combat ongoing supply chain shortages in construction? Come equipped with options
Supply chain issues continue to plague the industry. Contractors must enact creative solutions to find a path forward.
March 13, 2023