84 Lumber Closes On $310M Loan To Fuel Expansion, Investment In IT
EIGHTY FOUR, Pa. (Nov. 14, 2019) — 84 Lumber Company announced the company has entered into a new 7-year $310 million Senior Secured Term Loan B Facility and 5-year $400 million Asset Based...
U.S. DOL Releases Updated Technical Assistance Guide for Construction Industry
WASHINGTON (Nov. 13, 2019) – The United States Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) has released a comprehensive Technical Assistance Guide (TAG) for...
Port of Alaska Gets $25M Federal Grant
Last week, the United States Department of Transportation awarded a $25 million grant to the Port of Alaska through the department’s Better Utilizing Investment to Leverage Development (BUILD)...
The AP's 2-Year Investigation Finds 1,680 Dams Pose Potential Risks
A 2-year investigation by the Associated Press found that at least 1,680 dams across the United States pose risks to the residents in the areas surrounding them. The AP reviewed federal data and...
Tutor Perini & Skanska Report Profit Gains in Q3
On Tutor Perini Tutor Perini released its third quarter results last week, announcing record quarterly operating cash of $222.9 million. The general contractor said the gains were driven by...
Dodge Momentum Index Moves Higher in October
New York, New York (Nov. 7, 2019)—The Dodge Momentum Index increased 6.9% in October to 152.6 (2000=100) from the revised September reading of 142.7. The Momentum Index, issued by Dodge Data...
Restoration Builders Inc. Continues Expansion With Acquisition of Roofscapes Exteriors LLC
Scottsdale, Arizona (Nov. 6, 2019)—Restoration Builders Inc. has announced the signing of an asset purchase agreement for the acquisition of Roofscapes Exteriors LLC, headquartered in Tulsa,...
ODOT Announces Nearly $105 Million in Grants for Public Transit
Columbus, Ohio (Oct. 27, 2019)—Public transportation agencies across Ohio will soon benefit from millions of dollars to help with operations and improve mobility throughout the state. Nearly $70...
AIA Calls for US to Reverse Withdrawal From Paris Climate Agreement
Washington, D.C. (Nov. 5, 2019)—The American Institute of Architects (AIA) issued a statement today following the decision by President Trump to officially withdraw from the Paris climate accord...
US Trade Deficit Falls 4.7% in September
Washington, D.C. (AP) (Nov. 5, 2019)—The United States trade deficit fell in September to the lowest level in 5 months, as imports dropped more sharply than exports and America ran a rare surplus in...
Global Construction & Real Estate Industry Deals for September 2019 Total $21.7B
London, England (Nov. 4, 2019)—Global construction and real estate industry deals for September 2019 totaled $21.7 billion, according to GlobalData’s deals database. The value marked a decrease of...
Brightline Wins 2019 Vision Awards’ Project of The Year From Urban Land Institute Southeast Florida/Caribbean
Miami, Florida (Nov. 1, 2019)—Brightline, soon to be Virgin Trains, has been selected as the “Project of the Year” by the Urban Land Institute Southeast Florida/Caribbean (ULI) as part...
Inside Dodge Data's 2020 Forecast: What Lies Ahead
The good news? Economists don’t expect a recession in 2020. The bad news? Construction starts will decline slightly. Dodge Data & Analytics released its 2020 Construction Outlook last...
Fluor Corporation Reports $782M Q3 Loss
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...
UK Construction Firms Demo Flex Scheduling Program
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...