Airports face an annual $10-billion shortfall to meet their rising infrastructure needs, which total $99.9 billion over the next five years, an airport group says in a new report.

Volvo Construction Equipment reported improved profitability through 2016, but uneven sales growth among its key markets.

Specialty trade contractors lead jobs gains, adding 36,400.

Rail sector rates the best, with a grade of B; transit ranks at the bottom, with a D-minus.

An annual survey, released on March 6 by consultant Arcadis, once again found New York City to be the world’s most expensive urban construction market, due to the availability and cost of real estate and site-access challenges.

Thomas F. Prendergast, who stepped down on Jan. 30 as chairman and CEO of New York City’s Metropolitan Transportation Authority (MTA), has joined consulting firm STV.