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Ann Caruso joined Cross Management in 2004, became CEO in 2022, and last year facilitated a strategic partnership with Shimizu Corporation. She believes the construction industry is undergoing structural changes in office space demand, and that success hinges on trust and long-term relationships. She encourages women to stay curious, proactively learn, and embrace diverse career paths.
Canada has fulfilled its promise by imposing retaliatory tariffs ranging from 15% to 50% on a range of U.S. goods starting September 8, covering steel, dairy products, home appliances, agricultural equipment, electronics, seafood, and pulp and paper. The Canadian Finance Ministry adjusted the list on Wednesday, removing seafood and fish products. Meanwhile, the Canadian government announced a CAD 7.5 billion support plan to help affected workers and businesses.
In 2026, the construction industry will continue to rely on a few winning sectors, but five major trends—material prices, data center demand, infrastructure funding, manufacturing investment, and the interest rate environment—will determine the success or failure of contractors.
Artificial intelligence is moving from back-office operations to construction sites, becoming a key tool for improving safety. Skanska, Turner Construction, and Balfour Beatty are exploring AI applications in safety planning, instant Q&A, and personnel proximity alerts through self-developed assistants, industry-shared tools, and intelligent sensing systems, respectively.
The Tennessee Transportation Modernization Committee has approved the private consortium selected by the state's Department of Transportation to build the $9.2 billion I-24 Southeast Choice Lanes project. The team includes AECOM, Ferrovial, and its subsidiaries, covering approximately 26 miles, and will become the largest interstate choice lanes P3 concession project in the United States.
New York City announced it will invest $4 billion to repair the aging concrete and three cantilever structures of the central BQE section. The project is planned to start in 2030, with temporary detour structures set up during construction. Environmental review will begin this fall, and the environmental impact report is expected to be completed by summer 2028.
In an interview with Construction Dive, Mike Rinehart, president of Kiewit Nuclear Solutions, revealed that the company's nuclear revenue has doubled annually since 2022, with over 10 commercial nuclear projects and 12 Department of Energy projects under construction. He believes that electricity demand from tech companies and the federal government is driving a nuclear renaissance, and the company's nuclear business is expected to exceed $1 billion annually.
Pennsylvania Governor Josh Shapiro signed an executive order incorporating Responsible Grid Infrastructure Development (GRID) requirements into the state environmental agency's review of data center projects. Industry lawyers point out that the new rules will affect the pace of early-stage project development, drive up construction costs, and may prompt some developers to turn to other states, but they do not constitute a comprehensive construction ban.
Contractors FlatironDragados and Sukut Construction have begun work on the Anderson Dam seismic retrofit project in Morgan Hill, California, with a project cost of $190 million. The work will rebuild major portions of the dam to meet modern seismic standards, including the dam body, spillway, and outlet works. The total project cost is estimated at $2.8 billion, with seismic retrofit construction expected to begin in early 2027.
According to a forecast released by Gartner on Monday, AI data center spending will account for more than half of total semiconductor revenue over the next four years, driving global semiconductor revenue to exceed $1.6 trillion this year, nearly doubling year over year.