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Categories
Industry News / Infrastructure Funding
Senate EPW Leaders Call for FAST Act Rescission Repeal
Senate Committee on Environment and Public Works Chair John Barrasso (R-WY) and Ranking Member Tom Carper (D-DE) joined the call to repeal the rescission of $7.6 billion in federal highway program funding on July 1, 2020. ACEC has been working with AASHTO and dozens of other transportation stakeholders to eliminate the rescission in the context of any upcoming spending or budget deal.
Industry News
Department of Transportation Launches Port Infrastructure Development Program
The U.S. Department of Transportation (DOT) is accepting applications for $292.7 million in discretionary grant funding through the new Port Infrastructure Development Program.
ACEC News / President's Monthly Update
President's Monthly Update--June, 2019
Great to see so many of you at our Annual Convention in Washington, D.C., where we were thrilled to welcome over 1,600 attendees!
Industry News / Member Firms
Lamp Rynearson's Pridal Receives 2019 ICAN Leadership Award
Nancy Pridal, president/CEO of Lamp Rynearson in Omaha, Neb., is the 2019 recipient of the ICAN Leadership Award, which recognizes those who redefine leadership within their organization.
ACEC News
Ten Firm Leaders Elected to College of Fellows
At the 2019 ACEC Annual Convention and Legislative Summit in Washington, D.C. last month, the Committee of Fellows elevated ten members to Fellow status.
Boxwood Merger Corp. (Nasdaq: BWMC, BWMCU and BWMCW) (“Boxwood”), a publicly-traded special purpose acquisition company, and Atlas Intermediate Holdings LLC (“Atlas”) (combined together with Boxwood, the “Company”), a leading provider of professional testing, inspection, engineering and consulting services, announced today that they have entered into a definitive agreement whereby Atlas will become a wholly-owned indirect subsidiary of Boxwood. Immediately following the proposed transaction, Boxwood intends to change its name to Atlas Technical Consultants, Inc. (“Atlas Technical”) and its shares of Class A common stock are expected to continue to be listed on The Nasdaq Stock Market under the ticker symbol “ATCX.”
The joint venture of Gannett Fleming and Dewberry announced that it was awarded one of four five-year engineering/architecture indefinite delivery, indefinitely quantity (IDIQ) contracts issued by the U.S. Army Corps of Engineers (USACE) Jacksonville District.
WEST was awarded a 5-year Indefinite Delivery Architect-Engineer Contract worth up to $4.5 million from the U.S. Army Corps of Engineers (USACE), Los Angeles District for AE Hydrologic and Hydraulic Services for Civil Works Projects.
Indicators
ACEC Engineering Business Index (EBI)
62.6 (2Q, 2019)
62.2 (1Q, 2019)
Engineering Employment
1,521,800 (July)
1,517,500 (June)
Construction Spending
$1,286,997,000 (June)
$1,303,427,000 (May)
ACEC Stock Index
38.16 (August 5)
41.90 (July 29)
Dodge Momentum Index
138.9 (July)
145.6 (June)
Morrissey Goodale M&A Index
297 Deals year-over-year (August)
312 Deals year-over-year (July)
AIA Billings Index
49.1 (June)
50.2 (May)
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