Construction Industry News

After a $555 million net loss in Q2 2019, Fluor Corporation’s earnings didn’t have good news to report in Q3 either. The contractor (No. 2 on ENR’s 2019 Top 400) reported a net loss of $782 million in Q3.

In the midst of a growing labor shortage, companies are looking to creative ways to get work done. For many, that also means taking a hard look at what the future of work will look like for employees across all industries.

Birmingham, Alabama (Nov. 5, 2019)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with Procore.

Chicago, Illinois (Oct. 31, 2019)—Dodge Data & Analytics has released its 2020 Dodge Construction Outlook, a tool for construction industry forecasting and business planning. The report predicts that total United States construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.

Washington, D.C. (Oct. 31, 2019)—CG/LA Infrastructure, through its flagship Blueprint 2025 initiative, has launched the National Infrastructure Performance Council, a new, wide-ranging group of national leaders focused tackling the country’s infrastructure development and investment.  Maurice R. “Hank” Greenberg, chairman and chief executive officer (CEO) at C.V. Starr & Co. Inc. and General (Ret) David Petraeus are founding members of the council.  

Washington, D.C. (Oct. 30, 2019)—The United States Green Building Council (USGBC) has announced the recipients of its 2019 Leadership Awards, an annual recognition of the outstanding individuals and organizations at the forefront of the green building community. This year’s recipients will be recognized at the USGBC Leadership Awards Ceremony taking place Wednesday, Nov. 20, 2019, during the Greenbuild International Conference and Expo.

London, England (Oct. 31, 2019)—Total construction and real estate industry merger and acquisition (M&A) deals in September 2019 worth $13.52 billion were announced globally, according to GlobalData’s deals database.

The value marked an increase of 5.7% over the previous month and a rise of 13.7% when compared with the last 12-month average, which stood at $11.89 billion.

New York, New York (Oct. 30, 2019)—Construction workers are more likely to use drugs than workers in other professions, finds a study by the Center for Drug Use and HIV/HCV Research (CDUHR) at New York University (NYU) College of Global Public Health.

Atlanta, Georgia (Oct. 29, 2019)—Takeuchi-US, compact equipment innovator, held a ground-breaking ceremony Friday, October 11, for a new training facility set to open spring 2020. The new center will allow dealers from North America and around the globe to gain knowledge about Takeuchi products and offer year-round service training to its growing dealer network. 

Tallahassee, Florida (AP) (Oct. 29, 2019)—Florida Governor Ron DeSantis urged lawmakers Tuesday to pass legislation that would require employers to use a federally operated electronic database to verify the immigration status of workers. 

But it’s unclear if that effort will get any traction among lawmakers during next year’s legislative session, after a similar measure failed to make it to his desk earlier this year.

Portland, Oregon (Oct. 29, 2019)—Thursday, October 24, the Metro Council adopted a policy framework that lays the foundation for creating career pathways in construction for women and people of color in greater Portland. 

Grand Rapids, Minnesota (Oct. 29, 2019)—ASV Holdings Inc., a manufacturer of all-purpose and all-season compact track loaders and skid steers, has announced Barda Equipment as the 2019 ‘Dealer of the Year’ and Barry Equipment as the 2019 ‘Rookie of the Year.’ ASV presented the awards at its annual dealer meeting. 

Washington, D.C. (Oct. 28, 2019)—At Department of Homeland Security (DHS) headquarters in Washington, D.C., Acting Secretary of Homeland Security Kevin K.

Firefighters in California are currently battling 17 wildfires.

Findings from investigations in two different construction tragedies were recently announced: Miami’s Florida International University bridge collapse and the Seattle, Washington, crane collapse.

Feel like you’re not having the greatest year? Granite Construction can commiserate. The contractor recently reported a 63% decrease in its third-quarter net income year over year.

Scottsdale, Arizona (Oct. 29, 2019)—Restoration Builders Inc.  announced today that it has signed an asset purchase agreement to acquire Mile High Restoration Inc. DBA Sorensen Roofing and Exteriors G.C., headquartered in Greeley, Colorado.

Monroe, Washington (Oct. 29, 2019)—Aquajet Systems AB, a manufacturer of hydrodemolition machines, has announced Keith Armishaw as a its first North American business development manager. Armishaw works closely with Aquajet’s regional sales teams to grow awareness of Aquajet’s hydrodemolition solutions in key markets across North America.

New York, New York (Oct 25, 2019)—To accommodate continuing record passenger growth at the Port Authority’s three major airports, the Board of Commissioners moved aggressively forward to invest approximately $4.5 billion in critical transportation projects to rebuild legacy airport facilities to 21st century, customer-friendly standards and to build new infrastructure, such as AirTrain LaGuardia and a new AirTrain Newark that are needed to provide travelers with a convenient,

Irving, Texas (Oct. 28. 2019)—Fluor Corporation announced today that the Dow Poly 6 project has been named a finalist for “Construction Project of the Year” for the S&P Global Platts Global Energy Awards.