The recent analysis of U.S. Census Bureau data by the Associated Builders and Contractors (ABC) paints a detailed picture of the current state of the nonresidential construction sector, highlighting the critical role of federal infrastructure funding during a challenging economic period.
Caterpillar, a prominent heavy equipment manufacturer, has reported a 4% decline in revenue year over year in its third-quarter earnings for 2024. This revenue dip is primarily attributed to reduced construction demand in key markets such as North America and Europe. Within its Construction
Granite Construction's optimistic outlook on public market opportunities stems from the substantial revenue generated by the Infrastructure Investment and Jobs Act (IIJA) and its strategic plans to capitalize on this influx. According to CEO Kyle Larkin, only 40% of the allocated IIJA funds
In the competitive landscape of the U.S. construction industry, project awards are more than just accolades; they are lifelines for major firms like Gilbane, Kiewit, and Hensel Phelps. These contracts signal new work opportunities, ensuring financial stability and fostering long-term growth. Recent
Election uncertainty has had a noticeable impact on construction activity leading up to the 2024 presidential race. Business owners' anxiety is at an all-time high, influencing key sectors such as private construction, while public sector projects remain somewhat insulated from these concerns
Lane Construction Corp., a subsidiary of Webuild Group, has secured a $190 million contract to reconstruct the I-4 at State Route 33 Interchange in Lakeland, Florida. This project signifies Florida as a pivotal market for the Charlotte-based civil construction firm. A key objective is enhancing
