Irving, Texas (Oct. 31, 2019)—Fluor Corporation has announced financial results for its third quarter ended Sept. 30, 2019. Third quarter results were a net loss from continuing operations attributable to Fluor of $782 million, or $5.57 per diluted share, compared to net earnings of $69 million, or $0.49 per diluted share, one year ago.
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 of its 2019 Vision Awards. The award recognized Brightline for advancing the future of mobility and transit-oriented development in South Florida. One of five finalists, Brightline was awarded the honor during a ceremony Oct. 30, 2019, in Miami, Florida.
Dodge Data & Analytics released its 2020 Construction Outlook last week, which called for a slowing economy but no full-blown recession—and construction business owners everywhere breathed a sigh of relief. The outlook referenced the ongoing skilled labor shortage and trade wars as two of the main drivers behind a slight downturn in construction starts.
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.
A self-checkup, distress indicators & next steps to help you hedge against a recession
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.