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Home » Topics » Business

Business
Business RSS Feed RSS

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Jobsite Fatality

Double Fatality Halts Construction Work at JFK International Airport

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Scott Van Voorhis
April 3, 2023
No Comments

Authorities are probing a trench collapse that killed two construction workers, who were identified by The Port Authority of New York and New Jersey as Francisco Reyes, 41, and Fernando Lagunas Pereira, 28.


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Legal

Justice Dept. Sues Norfolk Southern Over Ohio Train Derailment

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Annemarie Mannion
March 31, 2023
No Comments

Federal lawsuit seeks seeks penalties and injunctive relief for unlawful discharge of pollutants under the U.S. Clean Water Act, related to Feb. 3 accident rhat toppled 38 cars carrying hazardous chemicals


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Court Dismisses Suit Seeking Use Limits on Bonnet Carre Spillway

Daniel Tyson
Daniel Tyson
March 30, 2023
No Comments

Legal action was brought by communities that claimed business and environmental damage when the US Army Corps of Engineers opened the Louisiana spillway for 123 days in 2019. 




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Methodology

2023 1Q Cost Report: Materials Costs Remained Elevated Overall at Year’s End

Alisa Zevin
Alisa Zevin
March 29, 2023
No Comments

Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement.


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Equipment

2023 1Q Cost Report: Demand for Heavy Equipment Remains Strong as Prices Show Signs of Stabilizing

Pandemic jitters give way to seasonal price trends, but new iron is still on backorder
Jeff Rubenstone
Jeff Rubenstone
March 29, 2023
No Comments

Pandemic jitters give way to seasonal price trends, but new iron is still on backorder.


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Labor

2023 1Q Cost Report: Executive Pay Saw Significant Increase Throughout 2022

Bonuses, however, trended down over the same period
Bruce Buckley
March 29, 2023
No Comments

As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.


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Confidence Index

2023 1Q Cost Report: Construction Execs Are Wary, But Their Confidence Still Rises

Jonathan Keller
Jonathan Keller
March 29, 2023
No Comments

With the economy so far navigating through recession risks, ENR’s Construction Industry Confidence Index shot up 11 points this quarter to a cautiously pessimistic 44 rating, with 68% of survey respondents seeing the current market as either stable or improving, up from 62.7% last quarter.


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a crew working near the capital building

ENR 2023 1Q Cost Report

March 29, 2023
No Comments

Recession fears continue to loom as the first quarter comes to a close. Inflation remains an ongoing issue, while recent failures in the banking sector pose additional threats.


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Economics

2023 1Q Cost Report: Bank Failures, High Interest Rates Stoke Recession Fears

Manufacturing and infrastructure construction remain strong spots for the industry
Alisa Zevin
Alisa Zevin
March 29, 2023
No Comments

Manufacturing and infrastructure construction remain strong spots for the industry.


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Infrastructure Act

Industry Groups Say Inflation, 'Buy America' Hamper IIJA Impact

Concerns voiced during House committee hearing March 28
Tom Ichniowski
Tom Ichniowski
March 29, 2023
No Comments

Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace. 


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