Prices across Europe are “broadly flat,” rising by around 2% in France and Germany and more slowly in southern European countries, says Simon Rawlinson, head of strategic research and insight at Arcadis LLP, London.
As President Obama’s signature was still drying on the Fixing America’s Surface Transportation Act, enacted Dec. 4, construction-machinery lobbyists were jumping for joy.
Construction is a cyclical industry. Industry executives enduring recessions console themselves with the knowledge that, sooner or later, the bad times will pass.
Royal Dutch Shell has lost $5 billion so far in 2015, TransCanada Corp. is staring at a $2-billion write-off following the U.S. rejection of its Keystone XL pipeline, and Baker Hughes said it took a 43% hit to earnings compared to last year, a measurement almost identical to the decline of North American oil-rig drilling over the same time.
Around the world, concerns related to stresses on water systems—availability, quality and impacts from intense storm events—are creating increasing demand for water and wastewater projects.
Several top global construction firms have stepped up their efforts to partner with tech providers to offer full-service packages for utility-sector clients, which need as many fuel options and generating technologies as possible.