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INDUSTRY-NEWS Results
August 14, 2019
States Report $1.2 Billion in Infrastructure Damage from 2019 Storms

Storms and floods in the first half of 2019 have caused more than $1.2 billion in damage to public infrastructure in 24 states, according to the Associated Press (AP).

August 16, 2019
ACEC's Howard Set To Be 2019-2021 FIDIC President at Interational Engineering Conference, Mexico City, September 8-10

Former ACEC Chair Bill Howard of CDM Smith will take the gavel as the 2019-2021 FIDIC President at the upcoming 2019 FIDIC International Infrastructure Conference in Mexico City, September 8-10.

August 12, 2019
Dodge Momentum Index Drops in July; Institutional Sector Takes Bigger Hit

The Dodge Momentum Index dropped 4.6 percent in July to 138.9, down from the revised June reading of 145.6. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

August 5, 2019
Former Energy Secretary Moniz Offers Framework for Deeply Decarbonized Economy

Former Energy Secretary Ernest Moniz unveiled the Green Real Deal (GRD) last week, calling it a practical plan to tackle the climate crisis.

August 5, 2019
Study Finds U.S. Water Infrastructure to be Inadequate for Increasingly Severe Weather

Current design standards for U.S. hydrologic infrastructure are not adequate for addressing the increased frequency and severity of extreme rainstorms, according to a report published last month in Geophysical Research Letters.

August 2, 2019
Engineering Update Podcast Focuses on Rapid Growth of Public-Private Partnership Projects

In the latest Engineering Update podcast, ACEC Senior Director of Private Market Resources Erin McLaughlin delves into the latest issue of ACEC Private Industry Brief, which focuses on Public-Private Partnerships.

August 2, 2019
Construction Spending Drops 1.3 Percent in June; Public Sector Spending Slows Dramatically

U.S. construction spending fell by 1.3 percent in June, the largest monthly decline since last November.

July 31, 2019
Guest Blogger: Kimley-Horn President/CEO Steve Lefton Looks at the Challenge of Integrating New Employees

Employee integration is a journey, not a destination, says Kimley-Horn President/CEO Steve Lefton.

July 25, 2019
EBI: Recruitment and Retention are Biggest Challenges for Firm Leaders

More than half of firm leaders (52 percent) participating in the 2nd Quarter ACEC Engineering Business Index survey reported that recruiting and retaining quality employees is their biggest challenge.

July 29, 2019
Engineering Influence Podcast Dives into the 2nd Quarter Engineering Business Index Survey Results

In the latest episode of ACEC's Engineering Influence podcast, Strategic Communications Director Jeff Urbanchuk and Senior Communications Writer Gerry Donohue discss the latest Engineering Business Index (EBI) results. To listen to the episode, click here.

Member Firm News
August 14, 2019

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.”

https://www.oneatlas.com/


August 6, 2019

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.

http://www.dewberry.com/n


July 24, 2019

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. 

https://www.westconsultan


Market Indicators
Indicators

ACEC Engineering Business Index (EBI)
Indicator Up image
62.6 (2Q, 2019)
62.2 (1Q, 2019)

Engineering Employment
Indicator Up image
1,521,800 (July)
1,517,500 (June)

Construction Spending
Indicator Down image
$1,286,997,000 (June)
$1,303,427,000 (May)

ACEC Stock Index
Indicator Down image
38.16 (August 5)
41.90 (July 29)

Dodge Momentum Index
Indicator Down image
138.9 (July)
145.6 (June)

Morrissey Goodale M&A Index
Indicator Down image
297 Deals year-over-year (August)
312 Deals year-over-year (July)

AIA Billings Index
Indicator Down image
49.1 (June)
50.2 (May)

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