With a self-imposed deadline looming, Terex Corp. has called off talks with Zoomlion Heavy Industry Science and Technology Co. for the China-based equipment maker to acquire the U.S.-based company. Terex had announced on May 16 that it would be selling its material-handling and port-solutions [MHPS] business to Finland-based Konecranes for $1.3 billion, and that deal is expected to close in January 2017.
Software that can show a video of a construction project assembling itself has been around for years, but an important change is afoot, say a wide range of industry leaders.
A Tennessee road and bridge builder has agreed to pay $2.25 million to settle a whistle-blower lawsuit that accused the firm of fraud by putting its own employees on the payroll of a disadvantaged business enterprise it used to get contracts for 12 projects in Tennessee.
Infrastructure boosters rallied for their cause earlier this month at a series of gatherings in Washington, D.C. and other U.S. locations to find ways to shrink the estimated $1.4-trillion funding gap to upgrade aging highways, bridges, water systems and other public works.
On a project decades in the making, crews will soon begin demolishing a defunct nuclear-reactor caisson in Eureka, Calif., at a site located only a few feet from the Pacific Ocean.
Fort McMurray, Alberta, the center of Canadian oil-sands crude production, was evacuated on May 5, when a wildfire swept through the city’s outlying forests and through the streets, destroying more than 2,400 structures.