Category: Financial

April 14, 2024

Extreme weather is becoming more frequent and severe due to climate change and is causing increased damage to U.S. transportation systems and supply chains, which were primarily designed before climate impacts were taken into consideration. “From wildfires shutting down freight […]

April 11, 2024

The Miami-Dade County Water and Sewer Department selected Jacobs Solutions, along with two other firms, to design upgrades worth $15 million each for the county’s three wastewater treatment plants, according to a company announcement. The other two companies are New […]

April 11, 2024

Earlier this week, the consumer price index in March also rose more than forecast for the third straight month, according to the Bureau of Labor Statistics. Ken Simonson, chief economist at the Associated General Contractors of America, echoed Basu’s sentiment […]

March 21, 2024

February’s starts could preface a prolonged period of sluggishness over the remainder of the year, Branch said, following January’s stagnant readings that were only kept positive by a manufacturing surge. Branch predicted that interest rate struggles would continue for some […]

March 6, 2024

There was a time when construction seemed insulated from the economic malaise hitting other industries, especially during the COVID-19 pandemic. When officials deemed building as an “essential” sector and exempted it from lockdowns early in the crisis, crews could keep […]

February 8, 2024

After months of delay, the Senate commerce committee has approved a five-year Federal Aviation Administration bill that would boost FAA’s Airport Improvement Program infrastructure grants by 19%, to $4 billion a year. The measure, which the Commerce, Science and Transportation […]

February 7, 2024

Amtrak selected the Kiewit and J.F. Shea Construction joint venture to build the Frederick Douglass Tunnel in Baltimore, the rail agency announced in a Feb. 6 press release. It’s the second of three major components in an $6 billion program […]

February 2, 2024

After a revision flipped November’s 0.1% drop back to positive, December’s jump now marks the 19th consecutive month of growth, largely due to infrastructure and manufacturing activity, Basu said, noting big gains for spending overall last year. “Nonresidential construction spending […]

February 1, 2024

The Federal Aviation Administration has awarded $243.7 million for airport infrastructure grants around the country to improve runways and taxiways and expand or build terminals. In announcing the selections on Jan. 30, FAA said that its latest batch of awards […]

January 22, 2024

Most commercial construction businesses think about financial technology only when it comes to paying their large and often fragmented supplier base. But the right payment solution can make the payment process more efficient while addressing other critical business challenges and […]

January 12, 2024

The website features a map that spotlights numerous projects, from a solar energy storage site in Kings County north of Los Angeles to a new border crossing facility in San Diego and Bosch’s $1.5 billion investment in a chip fab […]

January 9, 2024

Although road and bridge construction costs continue to be high compared to pre-pandemic levels, the prices of key materials — like concrete, asphalt and diesel — have been coming down, providing some much needed relief for builders. However, that doesn’t […]

January 8, 2024

The decline in business tax rates vary from state to state. Of the half dozen state’s trimming their corporate income tax rates, Arkansas’s will drop to the lowest level, with top marginal rates of the state’s corporate income tax falling […]

January 2, 2024

Oregon and Washington state officials praised the new funding. “This is a big moment for the Pacific Northwest and demonstrates the national significance of this effort,” said Oregon Gov. Tina Kotek in the release. “Replacing the Interstate Bridge is a […]

December 1, 2023

Mixed activity levels within categories suggest the construction market is shifting, but still remains strong overall, according to a separate analysis of spending trends from the Associated General Contractors of America. Spending on manufacturing plants, the largest nonresidential segment, jumped […]

November 29, 2023

The TIDP receives $550 million over five years, or $110 million annually, and funds various transportation and highway research endeavors. The program has existed since 2013, and was continued by the FAST Act in 2016 and the IIJA in 2021. […]

November 6, 2023

The nation’s more than 300 coastal and inland ports get a B- grade from the American Society of Civil Engineers, meaning they’re adequate for now but require attention. While port funding has risen in recent years, there is still a […]

November 2, 2023

The largest nonresidential segments showed mixed results from August to September, according to the Associated General Contractors of America construction spending report. Commercial construction, which includes warehouse and retail projects, increased 0.7% in September, noted the AGC report. Meanwhile, investment […]

October 31, 2023

British Columbia Transportation and Infrastructure officials have shortlisted three teams to submit proposals for the $3-billion Fraser River Tunnel Project south of Vancouver, Canada. According to procurement documents, officials plan to sign a design early works agreement with the winning […]

October 24, 2023

The commercial real estate market has slumped in recent years as working from home grew in popularity and borrowing costs surged. Since March 2022 Fed policymakers, aiming to slow the worst inflation in four decades, raised the benchmark interest rate […]