Corporate News: Page 19
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The image by Komzet is licensed under CC BY-SA 4.0
Global Infrastructure Solutions acquires Hill International for $173M
The merger will accelerate growth for Hill, one of the U.S.’s largest construction management firms, and expand GISI's consulting services.
By Julie Strupp • Aug. 19, 2022 -
Haugland Bowen, Katie. (2014). "Houston Skyline" [Photograph]. Retrieved from Flickr.
Bechtel to move Houston office
The No. 2 commercial contractor in the country will downsize its regional office by more than half its current space.
By Matthew Thibault • Aug. 16, 2022 -
Explore the Trendline➔
sandsun via Getty ImagesTrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Executive Moves
Skanska USA names new CEO for commercial development
As Murphy McCullough moves into a new position, Skanska looks to complete a $476 million office tower in the Seattle area.
By Zachary Phillips • Aug. 16, 2022 -
Project Wins
Turner completes $93.4M of work at the University of Georgia
The country’s largest contractor also kicked off construction at the school’s football and baseball stadiums.
By Joe Bousquin • Aug. 15, 2022 -
Sponsored by NCCER
Shining a light on careers in construction
Careers in Construction Month is held every October to increase awareness of construction careers.
By Nicole Needles, NCCER Communications Coordinator • Aug. 15, 2022 -
Procore to expand into fintech services, CEO says
The company’s new system would purchase materials for subcontractors, securing payment against the property itself using lien rights.
By Matthew Thibault • Aug. 10, 2022 -
AECOM raises guidance amid higher profits, lower revenue
Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.
By Joe Bousquin • Aug. 9, 2022 -
Sponsored by Unanet
Pitch perfect: An AEC marketer’s guide to winning proposals
Ready to raise your proposal game, increase win rates and fill your pipeline with more clients and projects your firm desires?
Aug. 8, 2022 -
Fluor misses on estimates, trims guidance
The Irving, Texas-based company reported an 11% revenue decrease and narrowed its high-end guidance.
By Sebastian Obando • Aug. 5, 2022 -
Tutor Perini posts wide-ranging loss, pulls guidance for 2022
The Los Angeles-based contractor blamed reduced project execution, COVID-19 impacts and a reversal of previously awarded legal damages for its results, which came in far below analysts’ expectations.
By Joe Bousquin • Updated Aug. 5, 2022 -
Amazon slows network expansion in response to cooling customer demand
The e-commerce giant estimates 40% of its capital investments this year will go toward warehouses and transportation capacity, down from 55% in 2021.
By Max Garland • Aug. 4, 2022 -
Project Wins
Granite chalks up 3 highway wins for combined $78M
The firm nabbed the projects in California and Texas as part of its new “home market” strategy.
By Joe Bousquin • Aug. 3, 2022 -
Jacobs reports higher profits, more backlog but forecasts weak fourth quarter
The Dallas-based technical, professional and construction services firm beat both earnings and revenue estimates, but lowered its guidance for Q4.
By Sebastian Obando • Aug. 2, 2022 -
Granite’s Q2 profit, revenue dip as company continues strategic shift
The Watsonville, California-based civil contractor said the infrastructure act remains a bright spot ahead as it battles labor woes and works through less profitable projects.
By Julie Strupp • July 29, 2022 -
Samsung proposes $191B Texas semiconductor project
A critical factor for this potential massive investment in Taylor, Texas, is the passage of the CHIPS Act, currently under consideration by Congress.
By Sebastian Obando • July 25, 2022 -
Jacobs wins $310M UK nuclear site project
The Dallas-based construction firm will deliver civil, mechanical and electrical engineering services for one of Britain’s most complex nuclear sites.
By Sebastian Obando • July 22, 2022 -
Not just warehouses: Amazon pulls back on office projects, too
The e-commerce giant said it's pausing buildouts on six office towers in Bellevue, Washington, as well as another in Nashville, Tennessee.
By Sebastian Obando • July 15, 2022 -
Fluor wins contract for Gulf Coast liquefied natural gas project
It’s the second offshore modular mid-scale LNG plant contract that Fluor has received from New Fortress Energy in 2022.
By Sebastian Obando • July 13, 2022 -
How a $55M Alaska highway win reflects Granite's new strategy
The Knik-Goose Bay Road project near Wasilla checks several boxes for the California contractor’s recent approach of pivoting away from high-risk, longer time frame projects.
By Joe Bousquin • July 8, 2022 -
Q&A
Webcor exec rotated through a range of roles to achieve her latest promotion
The senior vice president of planning urges other women in the industry to think long term and “bring their authentic voices to the table.”
By Jennifer Goodman • July 6, 2022 -
Amazon cancels, delays wave of warehouse projects as e-commerce demand cools
Shifts in plans have affected at least 13 facilities, including locations in Texas, Florida, Louisiana, Tennessee and California, according to local news reports.
By Max Garland • July 5, 2022 -
Court summons Microsoft, Skanska, Balfour Beatty in bias suit
A Black construction worker alleged in federal court documents that he found a sign that said "This is not a safe space" after a supervisor told him he didn't like Black people.
By Joe Bousquin • June 29, 2022 -
Why Amazon's warehouse pullback is good news for contractors
The e-commerce giant has slowed its building spree, freeing up hard-to-find materials and land for other projects in the booming sector.
By Sebastian Obando • June 13, 2022 -
Walmart plots 4 new 'next generation' fulfillment centers
The facilities incorporate an automated storage and retrieval system while also employing 4,000 new workers, and could serve 75% of the U.S.
By Ben Unglesbee • June 8, 2022 -
UK prefab design company targets US expansion
Bryden Wood's "kit-of-parts" approach leverages components that are similar on each project while also providing opportunities for customization.
By Sebastian Obando • May 25, 2022