Corporate News: Page 22
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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 -
Explore the Trendline➔
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TrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
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 -
Sponsored by Unanet
Is the seller-doer model right for your AEC firm?
Read on to find out what factors to consider before making the switch and how to set your seller-doers up to thrive.
May 23, 2022 -
Balfour Beatty Communities faces new scrutiny for military housing as parent company wins DOD contract
A Senate subcommittee report alleged untreated mold growth, cracked floor tiles held together by packing tape and broken appliances.
By Leslie Shaver • May 18, 2022 -
Clark announces expansion in mid-Atlantic
The country's 13th largest contractor will add office space in Virginia and Maryland this year to help expand its regional footprint.
By Jennifer Goodman • May 17, 2022 -
The top 10 residential builders of 2022
Dallas, Texas-based D.R. Horton remains at the top of the list for the 20th year in a row with 81,981 homes closed last year.
By Mary Salmonsen • May 16, 2022 -
WSP beats earnings expectations, maintains guidance
The Canadian contractor saw strong backlog growth in the first quarter and said its 2022 plans already account for inflation.
By Julie Strupp • May 13, 2022 -
Ikea to invest more than $3B in stores
Ikea's largest franchisee, Ingka Group, will work to update its physical locations across 32 markets to support the retailer's online operations.
By Caroline Jansen • May 12, 2022 -
Bechtel launches division targeting manufacturing, tech
The company's former CFO, Catherine Hunt Ryan, will lead the new unit that eyes markets such as semiconductors, electric vehicles and data centers.
By Sebastian Obando • May 11, 2022 -
AECOM earnings rise, shares fall on maintained guidance
The Dallas-based contractor posted higher profits and slightly lower revenue for the first three months of 2022, but investors flinched when it didn't raise guidance for the rest of the year.
By Joe Bousquin • May 10, 2022 -
Shawmut expands in Florida amid growing demand
The West Palm Beach location is the company’s second South Florida office and its 11th nationwide.
By Matthew Thibault • May 10, 2022 -
Revenue, backlog drop but Fluor maintains guidance
The Texas-based global contractor continues to reduce its outstanding debt, but past declines in oil prices and lockdowns in China weigh on its operations.
By Sebastian Obando • May 9, 2022 -
Despite $21.6M loss, Tutor Perini sticks to its guidance
The Los Angeles-based infrastructure giant reiterated its full-year outlook, even though it went into the red in the first quarter.
By Joe Bousquin • May 5, 2022 -
Jacobs posts higher profits, backlog in second quarter
While the company maintained its midrange guidance, it lowered the high end of its projected profits, citing geopolitical concerns.
By Sebastian Obando • May 4, 2022 -
Sponsored by Oracle
New Industry Lab drives construction innovation
Join us to turn construction ideas into innovations at the Oracle Industry Lab.
May 2, 2022 -
Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects
The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.
By Julie Strupp • April 29, 2022 -
Top firms land new infrastructure, government deals
Companies such as AECOM and WSP have recently pulled in big-ticket contracts including work for NASA, the Navy and the Department of Energy.
By Jeffrey Steele • April 22, 2022 -
LeChase Construction acquires Albany, New York, contractor
The procurement of Sano-Rubin Construction Services will allow LeChase to pursue a wider range of projects including healthcare, education, hospitality and multifamily.
By Matthew Thibault • April 19, 2022 -
Q&A
ABC's Young Professional of 2022: Attitude more valuable than skill
Honoree Luke Perry, vice president at Perry Contracting, spoke to Construction Dive about getting the next generation of workers excited about the trades.
By Zachary Phillips • April 11, 2022 -
Sponsored by Merchants Bonding Company
Hurry Up and Wait: Bid bond claims arising from a delayed award
Bid bonds protect project owners against the cost of rebidding a project if the low bidder does not accept the contract. But what if the owner's delays in selecting a contractor are the catalyst for the claim?
By Gina Lockwood, Director of Claims, Merchants Bonding Company • April 11, 2022 -
Contech companies' revenue booms amid pandemic, supply chain issues
Firms of all sizes have prospered since COVID-19 challenges pushed contractors toward wider tech adoption.
By Matthew Thibault • April 6, 2022 -
Sponsored by Unanet
Like it or not, you're leaving a legacy: How AEC leaders can impact clients and workforce
What is an AEC legacy? Whether you plan on retiring, selling or merging, your legacy is unavoidable.
March 28, 2022