Nearly 20 percent decline in construction spending will cost more than 430000 jobs next year for hard hit Construction industry and other fields. Federal investments in highways and transit systems are expected to decline by over $15 billion in 2010 compared to this year according to analysis of transportation spending trends conducted by the Associated General Contractors of America (AGC). The estimated 19.3 percent drop in federal formula and stimulus funding for transportation projects next year is likely to force more than 430000 layoffs throughout the economy the association predicted. Read More
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U.S. contractors have launched a multi-media ad campaign addressing President Obama’s national Jobs Summit today (Thursday December 3). The 28 national associations and labor groups of the Transportation Construction Coalition… Read More
On the eve of the 125th anniversary of its founding in 1885 Ellicott Dredge Enterprises LLC announced today that Markel Ventures a subsidiary of Markel Corporation has acquired a majority… Read More
The Western Dredging Association 29th Annual Meeting and Texas A&M 40th Dredging Seminar were held at the Buttes Resort in Tempe Arizona on June 14 through 17. The theme was The Importance of Dredging and 35 technical presentations on this theme were given. Read More
Ten months after 5.4 million cubic yards of wet fly ash burst an earthen containment pond owned by the Tennessee Valley Authority and spilled into the Emory Clinch and Tennessee Rivers and across 300 acres of land at Kingston Tennessee the cleanup is making good progress and has removed more than 1.5 million of the three million cubic yards of ash from the Emory River. The effort is headed for a target date of having all ash out of the river by April 2010. Read More
On November 3 Great Lakes Dredge & Dock Corporation NASDAQ:GLDD) reported financial results for the quarter and nine months ended September 30 2009. ARRA and beach projects are cited as two reasons for an unusually good quarter and nine months ended September 30. Read More
On November 5 Orion Marine Group Inc. (NYSE: ORN) reported net income for the three months ended September 30 2009 of $5.4 million ($0.22 diluted earnings per share). These results compare to net income of $3.8 million ($0.17 diluted earnings per share) for the same period a year ago. Read More
Royal Boskalis Westminster N.V. realized a net profit of 102.7 million in the first half of 2009 compared to 110.0 million in the first half of 2008 excluding a non-recurring gain relating to the hopper dredge W.D. Fairway ( 92.0 million). Read More
Cal Collins has been promoted to president of ESCOs Engineered Products Group. The announcement was made on September 3 by Larry Huget ESCOs president and chief operating officer. Read More
David C. Sanborn has joined Moffatt & Nichol as senior port consultant the company announced on November 2. Read More
