Category: Financial

April 18, 2018

Over the past 90 days, the price of steel that Dallas-based DFW Grating buys from domestic mills to fabricate bar and plate grating has nearly doubled. C. Scott Netherton, DFW Grating’s Vice President of Business Development, added that steel distributors […]

April 10, 2018

Faced with a possible trade war erupting from a barrage of threats and counterthreats exchanged between the U.S. and China over tariff impositions, construction economists and equipment manufacturer representatives say the industry is growing increasingly edgy about the gathering unknowns […]

April 3, 2018

President Trump’s fiscal year 2019 budget request seeks deep cuts for many construction accounts and some increases. But if the proposal, released on Feb. 12, gets the same Capitol Hill reception as his 2018 plan did, Congress will go its […]

March 28, 2018

Construction spending remained flat in January, kicking off the year with a seasonally adjusted annual rate of $1,262.8. This is nearly identical to December’s estimate which has been revised up from $1,253.3 billion to $1,262.7 billion. November’s estimate of $1,245.1 […]

February 26, 2018

Total construction starts in the US grew by 11.1% in 2017 to reach $760bn, a modest slowdown from the 13.2% growth posted in 2016. Civil engineering was the main driver of growth, boosted by a number of mega-projects in the […]

February 14, 2018

The Trump administration and congressional Republicans pushed hard for a massive federal-tax overhaul in December that left virtually no segment of U.S. industry untouched, including construction. The $1.5-trillion Tax Cuts and Jobs Act (TCJA) of 2017, which went into effect […]

February 9, 2018

Los Angeles Union Station officials are considering a $2 billion expansion of the facility, which they said would improve the quality of service for riders and increase the station’s efficiency, according to Engineering News-Record. The Link Union Station (Link US) […]

February 8, 2018

As many of the nation’s bridges continue to fall into disrepair or obsolescence, some local authorities are coming up with innovative ways to make the necessary bridge upgrades without creating additional commuter logjams. Last month, the Oklahoma Department of Transportation […]

January 23, 2018

In June, the Greater Orlando Aviation Authority (GOAA) approved a $350 million increase to the terminal’s price tag, citing inflation and rising labor and material costs brought by a robust local construction economy, a high-priced baggage system and other high-end […]

January 22, 2018

Back in November 2016, OCTA awarded a $1.2 billion design-build contract for the project to low bidder OC 405 Partners, a joint venture led by OHL USA and Astaldi Construction. The contract was the first to be issued under a […]