ATLANTA (Feb. 11, 2021) — Contracting giant Skanska Group released its 2020 earnings last week, reporting a record high in profits for 2020, even during a pandemic and despite the fact that its Q4 construction revenue was significantly down. Here's what you need to know:
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HAMILTON, N.J (Feb. 5, 2021) — The Dodge Momentum Index increased 3.1% in January to 139.4 from the revised December reading of 135.2. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
WASHINGTON (Feb. 1, 2021) — On Friday, the United States Congress approved a budget resolution that would pave the way for President Joe Biden's $1.9 trillion relief plan to pass — with some key adjustments. The Senate voted to approve early that morning in an even vote in which Vice President Kamala Harris cast the tie-breaking vote.
WASHINGTON (Jan. 24, 2021) — This week, the former South Bend, Indiana, mayor and Democratic presidential candidate Pete Buttigieg was sworn in as transportation secretary by the United States Senate. In a video he tweeted following his confirmation, Buttigieg noted the work to be done in the transportation sector, but said he was optimistic about the future.