Backlog drops to lowest level since Q1 2022

“Many smaller contractors are feeling the sting of weaker economic fundamentals in struggling commercial real estate segments,” said Anirban Basu, ABC chief economist.

By Sebastian Obando • Nov. 14, 2023

Biden announces $6B for climate resilience as report warns of ‘insufficient’ adaptation

The funding is for projects that reduce flood risk, strengthen the electric grid and address communities’ environmental justice needs.

By Ysabelle Kempe • Nov. 14, 2023

WSP’s US CEO to retire

The Montreal-based firm has initiated a search to replace Lou Cornell, a construction industry veteran who has also worked at Jacobs and AECOM.

By Jennifer Goodman • Nov. 14, 2023

US manufacturing boom unlocks ‘once-in-a-lifetime’ opportunity for contractors

Here are ways construction firms can cash in on the country’s $500 billion onshoring surge and the ancillary projects it is spurring. 

By Sebastian Obando • Nov. 14, 2023

LA’s I-10 to reopen in 3 to 5 weeks, no demo required

After emphasizing that demolition was still an option late Monday, California Gov. Gavin Newsom said Tuesday new core samples indicated “surgical repairs” would suffice.

By Joe Bousquin • Nov. 14, 2023

Infrastructure progress may depend on 2024 election: White House

Public investment and civil projects can fall victim to the short-term political cycles of democracies, according to a new report.

By Julie Strupp • Nov. 13, 2023

Tutor Perini’s loss widens on continued legal disputes

The Los Angeles-based heavy civil contractor said it is working to resolve most of its outstanding litigation by the end of 2024.

By Joe Bousquin • Nov. 13, 2023

Insurance market update: Property coverage in South Florida

While many are quick to blame the macro trend of inflation for property insurance increases, there are actual events with consequences inherent to the Florida market, that should be credited for the recent developments.

By Max Lehman, Associate Broker American Global • Nov. 13, 2023

$532M Leavenworth Penitentiary replacement breaks ground

Clark Construction is building the facilities that will update the 126-year-old federal prison in Kansas.

By Julie Strupp • Nov. 10, 2023

WSP’s profit, revenue, backlog up in Q3

The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

By Julie Strupp • Nov. 9, 2023

$3B in construction projects fuel downtown Detroit’s growth

Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

By Matthew Thibault • Nov. 7, 2023

Feds award $653M for 41 port projects

The funding from the IIJA is aimed at bolstering supply chain infrastructure around the country.

By Julie Strupp • Nov. 6, 2023

Amtrak Northeast Corridor projects get $16B in federal funding

Major bridge and tunnel projects will make the nation’s busiest passenger railroad “safer, faster and more reliable,” U.S. Transportation Secretary Pete Buttigieg said.

By Dan Zukowski • Nov. 6, 2023

IUPAT FTI training center announces ambitious plan for country’s first training program

IUPAT FTI uses water tank for groundbreaking West Virginia apprenticeship program.

Nov. 6, 2023

Fluor earnings rise as legacy projects wind down

Strength in its energy and urban solutions segments built on the positive momentum from the previous quarter.

By Sebastian Obando • Nov. 3, 2023

Granite posts lower profits on increased revenue, record backlog

The California-based contractor continues to work through its old, less profitable jobs, but is booking new ones at a faster rate than last year.

By Joe Bousquin • Nov. 1, 2023

Israel-Hamas war could spike fuel prices, World Bank says

The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.

By Jennifer Goodman • Oct. 31, 2023

$2.7B Minneapolis Green Line advances

A Lunda/McCrossan joint venture is building the light rail extension, which has doubled in cost and is nine years behind schedule.

By Jen A. Miller • Oct. 31, 2023

AECOM to pay $11.8M to settle Katrina relief allegations

The Justice Department alleged that the Dallas-based contractor violated the False Claims Act during its hurricane recovery work in New Orleans.

By Julie Strupp • Updated Oct. 30, 2023

October 2023 wins: 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 • Oct. 27, 2023

Boston’s year-old $2.3B Green Line Extension needs repairs

GLX Constructors — composed of Fluor, The Middlesex Corp., Herzog and Balfour Beatty — finished the light rail project last year and will regauge the faulty tracks.

By Julie Strupp • Oct. 26, 2023

Work stops at $500M US-backed battery plant

Owner Li-Cycle Holdings paused construction at the Rochester, New York, hub due to escalating costs and is reviewing its future plans.

By Matthew Thibault • Oct. 26, 2023

Billions in deferred maintenance projects coming to US facilities

A nationwide push to address delayed upkeep on public buildings and infrastructure will create myriad opportunities for contractors, according to a consultant.

By Mary Scott Nabers • Oct. 25, 2023

Is Phoenix’s construction market hot? Depends on who you ask.

With few natural disaster risks, a stable climate and business-friendly practices, the Arizona metropolis has experienced a burst in industrial building.

By Matthew Thibault • Oct. 25, 2023

Granite lands $45M Utah highway widening

The California contractor is once again flexing its roadbuilding might with a reconstruction and expansion of State Route 108 near Salt Lake City.

By Joe Bousquin • Oct. 25, 2023