News - Page 575 | Engineering News-Record

Revenue Recognition

Contractors Begin Year With New Accounting Standard

Big project revenue and change orders will be recorded differently than in the past

Scott Van Voorhis

January 10, 2018

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The changes come with new complications that require more specificity.

Contractors Anticipate Ongoing Market Strength in 2018, AGC Outlook Says

Mark Shaw

January 10, 2018

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The nation’s contractors expressed a surprisingly optimistic view of the industry’s prospects for 2018 in a recent outlook survey conducted by the Associated General Contractors of America and Sage Construction and Real Estate.

Executive News

NJ Taps Veteran to Run DOT; Obituary: Architect-Developer John Portman

Debra K. Rubin

January 10, 2018

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Diane Gutierrez-Scacchetti returns to state from Florida DOT role; Maverick design-builder helped restore urban cores around the world

FERC Rejects DOE Rule as Winter Storm Proves Grid Resiliency

Peter Maloney

January 9, 2018

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While proponents of a grid resiliency measure said it would bolster the system during bad weather, the recent winter storm proved such efforts unnecessary.

Transportation

Chinese Firm Makes Prototype for First Carbon-Fiber Railway Car

Springfield, Mass., factory will produce Orange Line carriers

Saibal Dasgupta

January 8, 2018

2 Comments

World’s first carbon fiber subway car is more durable and requires less energy than traditional metal cars.

Energy

Appalachian Gas Storage Proposal Clears First Hurdle

A $1.9-billion DOE loan guarantee could catalyze the creation of petrochemical investments

Thomas F. Armistead

January 8, 2018

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Appalachia Development Group LLC says its program would support more than 100,000 new, long-term jobs.

Construction Employment

Construction Adds 30,000 Jobs in Dec., Jobless Rate Falls Vs. 2016

Rate dips to 5.9% from year-earlier 7.4% but rises from November's 5.0%

Tom Ichniowski

January 5, 2018

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Specialty trade contractors added 23,800 jobs but nonresidential building and heavy-civil categories posted declines.

Government

Zimbabwe's New Government Promises Infrastructure Investment

Finance minister offers program based on Chinese funding

December 28, 2017

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Meet the new boss, same as the old boss. President Emmerson Mnangawa's Finance Minister Patrick Chinamasa held the same job under deposed strongman Robert Mugabe.

Operations

Power Utility Questioned About Atlanta Airport Fire Causes, Prevention

The Georgia Public Safety Commission posed 20 questions aimed at determining the exact sequence of events that led up to the blaze

Jim Parsons

December 28, 2017

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Along with questioning Georgia Power about measures to prevent similar incidents from occurring including, the commission is also asking whether a microgrid have minimized the fire’s effects.