Seeking to beef up construction capacity in California and nearby states following passage of recent large infrastructure-funding ballot issues, AECOM has inked an agreement to acquire Oakland, Calif.-based Shimmick Construction Co. Inc. for $175 million.
Looking for the bright side of the construction crane market has taken considerable effort in the last few years, but an uptick in sales in the first half of 2017 and an increased level of interest from customers has crane manufacturers reevaluating their product lines and rental firms shoring up their distribution channels.
Odebrecht executives began the task of rebuilding the scandal-ridden Brazilian company’s reputation at its business and engineering conference in New Orleans last month.
Despite President Trump’s re-tightening U.S. policies toward Cuba, construction industry firms and heavy-equipment makers still hope there will be avenues to provide products and services there.
The construction market remains strong, but construction firms that were excited about the pro-business agenda of President Trump immediately after his election in November are now moderating their long-term outlook.
With high demand nationwide for talent in major metro areas—as well as in many secondary and tertiary markets—construction salary gains continue a steady rise.