Duane L. Kenagy, a former senior vice president of design firm Moffat & Nichol, will become interim CEO of the Port of Long Beach, Calif., as of Oct. 31.
As the U.S. power industry evolves toward cleaner energy sources, the construction industry is following the trend by diversifying into new markets and, in some cases, getting out of traditional ones.
Across the U.S., experts are seeing a rising influx of work in the water, wastewater and stormwater markets, as many projects that were previously postponed due to a lack of funding are now moving forward.
With limited prospects for a rebound in oil and gas prices in the near future, contractors in the sector say many clients are reducing capital expenditures and keeping budgets tight.
Though it may be another year before the full effects of the Fixing America’s Surface Transportation (FAST) Act are felt nationwide, the $305-billion funding measure enacted in December 2015 already has provided many of the sector’s contractors with something they have not experienced in quite a while: a sense of stability.
As the general building market continues to show strength, several top contractors have boosted their revenues, thanks in part to an increase in megaprojects.
The fatal collapse of an underground parking lot in a Tel Aviv commercial district just weeks before construction was due to be completed has not only focused attention on the lack of safety and inspection in Israel’s construction industry but also raised question over potential engineering issues.
Efforts are under way to repatriate, and hopefully repay, thousands of workers left stranded as Saudi firms reel in the country's oil price-battered economy.