In a significant turn of events for Alaska's infrastructural landscape, the procurement process for the much-anticipated Port of Nome expansion project has been paused, following bid prices that exceeded available funding. This ambitious initiative, spearheaded by the U.S. Army Corps of Engineers
The Federal Railroad Administration (FRA) has taken a significant step forward in enhancing the United States rail infrastructure through the allocation of $2.4 billion in grants. These grants are part of the Consolidated Rail Infrastructure and Safety Improvement (CRISI) Program, aimed at
The United States is on the cusp of a solar energy revolution, driven by significant growth over the past decade and bolstered by recent federal legislation and sustainability initiatives. Advances in technology have dramatically reduced the costs associated with solar energy, making it an
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 are
