U.S. Department of Transportation Announces $338.5 Million Loan to Expand Virginia’s Chesapeake Bay Bridge-Tunnel
WASHINGTON - U.S. Transportation Secretary Anthony Foxx today announced that Department of Transportation’s Build America Bureau will provide a $338.5 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to finance the construction of a new tunnel at Thimble Shoal Channel on the Commonwealth of Virginia’s Chesapeake Bay Bridge-Tunnel. The Parallel Thimble Shoal Tunnel Project will construct a new 5,700 foot bored tunnel connecting two southbound trestles of the exist...
Tetra Tech Reports Fourth Quarter and Fiscal 2016 Results
PASADENA, Calif.-Tetra Tech, Inc. (NASDAQ: TTEK) today announced results for the fourth quarter and fiscal year ended October 2, 2016. Fourth Quarter Results Revenue in the fourth quarter totaled $729 million, up 26% year over year. For ongoing operations1, revenue totaled $713 million, and revenue, net of subcontractor costs2 (net revenue), was $526 million, up 27% and 25%, respectively, compared to the same period in fiscal 2015. Operating income for the fourth quarter was $47 million, a...
WSP Global Delivers Strong Results
/ / / WSP Global continues to perform in fiscal year 2016 and delivered strong results for its third quarter. The company announced revenues of $1,552.5 million and net revenues of $1,189.8 million for the three months ending September 24, 2016. The 3.3% and 5.8% growth, compared to the third quarter of last year, are mainly due to acquisitions. “This performance once again demonstrates the strength of our business model based on geograp...
U.S. Department of Transportation Will Provide a $285 Million Loan to Expand I-35E in the Dallas Metro Area
WASHINGTON - U.S. Transportation Secretary Anthony Foxx today announced that the Texas Transportation Commission will receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $285 million to finance the reconstruction and expansion of a section of I-35E in the Dallas metro area. The TIFIA loan program is now administered by the Department of Transportation’s new Build America Bureau (Bureau), a "one-stop shop" to help streamline credit and grant opportunities for co...
U.S. Department of Transportation Announces $1 Million for Emergency Repairs to Flood-Damaged Roads and Bridges in Pennsylvania
WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced the immediate availability of $1 million in Emergency Relief (ER) funds from the Federal Highway Administration (FHWA) to help begin repairs on flood-damaged roads and bridges in north and central Pennsylvania. “The flooding has caused significant damage to roads and bridges in central part of the state and Pennsylvanians are just beginning to pick up the pieces,” said Secretary Foxx. “This funding will help expedite the...
Fluor Corporation Announces Quarterly Dividend
IRVING, Texas - Fluor Corporation's board of directors has declared a quarterly cash dividend of $0.21 per share on the company's common stock, payable January 4, 2017, to shareholders of record on December 2, 2016. About Fluor Corporation Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has s...
Construction Climate Challenge Funds New Research Projects
The construction industry faces many challenges connected to climate change. The Construction Climate Challenge has now selected two new research projects that aim to come up with solutions on how to reduce CO2 emissions within the industry. The Construction Climate Challenge initiative (CCC) has been funding research studies since 2014. Through supporting and initiating research projects in relevant areas of construction, CCC acts as a bridge between the industry and sustainability research....
Trimble Reports Third Quarter 2016 Results
SUNNYVALE, Calif. - Trimble (NASDAQ: TRMB) today announced financial results for the third quarter of 2016. Third Quarter 2016 Financial Summary Third quarter 2016 revenue of $584.1 million was up 4 percent as compared to the third quarter of 2015. Engineering and Construction revenue was $332.4 million, up 2 percent. Field Solutions revenue was $77.9 million, up 6 percent. Mobile Solutions revenue was $138.5 million, up 5 percent. Advanced Devices revenue w...
Wisconsin Governor Announces $2 Million Emergency Grant to SS Badger
Governor Scott Walker approved a $2 million emergency grant for repairs needed at the S.S. Badger landing at the Manitowoc dock as a result of damage from last winter. Temporary repairs served for this year’s operating season but a long-term repair is needed for safe and reliable ferry docking and berthing. The dock is owned by the city of Manitowoc and the S.S. Badger leases the space. The cost of the full project is expected to be $3 million. The S.S. Badger is one of the state’s six ferry...
USDOT Announces $1.6 Million for Emergency Repairs to Flood-Damaged Roads and Bridges in Wisconsin
WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced the immediate availability of $1.6 million in Emergency Relief (ER) funds from the Federal Highway Administration (FHWA) to help begin repairs to roads and bridges damaged by flooding in Wisconsin. “These floodwaters have impacted the residents and businesses statewide,” said Secretary Foxx. “This money will ensure critical repairs are made to keep affected communities connected to vital services and emergency relief.”...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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