Latest news with #AECOM
CBC
a day ago
- General
- CBC
Red Hill Valley Parkway curve to be rebuilt to make it safer, says city staff
Social Sharing A tight curve along Hamilton's Red Hill Valley Parkway will be reconstructed in the coming years to make it safer, says the city. Engineering firm AECOM Canada ULC made the recommendation last month, after reviewing the design of the municipal highway that was the subject of a years-long judicial inquiry. The city released the report Friday. "We know there is more work to do to rebuild trust," said Mayor Andrea Horwath in a news release. "Releasing this report and acting on its recommendations is a critical step in our ongoing commitment to transparency and accountability." Hundreds of collisions, some where people were killed, took place on the Red Hill between 2008 and 2017. In 2013, a city engineering director commissioned a report that found serious safety issues with the Red Hill, but those findings weren't made public until 2019. Council ordered the judicial inquiry to establish the facts of what happened and make recommendations. Justice Herman J. Wilton-Siegel, the inquiry's commissioner, recommended 36 "action items" in late 2023, including for a design review. Work to fix 'superelevation' of curve to go ahead AECOM completed the review and found the Red Hill's "superelevation" between King Street and Greenhill Avenue is not high enough. Superelevation, also known as banking, refers to the tilting of a road so the outer edged is higher than the inner edge — like on some racetracks — to help drivers navigate turns safely. The 2006 design of the Red Hill specified the superelevation of the turn to be six per cent, but AECOM found it built with a lesser tilt. AECOM also determined the curve should be slightly wider — 440 metres instead of the current 420 metres. However, changing the curve width would mean realigning the road, which isn't proposed at this time, said a staff report at general issues committee May 21. AECOM recommended the city do the superelevation work, but noted there is no imminent danger to the public, the report said. The city said that work will go ahead and it will include construction costs in next year's capital budget, which are expected to be between $4 million and $5 million. Nine of the judicial review's 36 action items have been implemented, staff told councillors at a March meeting. They said most of the others will be done by early 2026. They range from improving traffic safety on the Red Hill and Lincoln M. Alexander Parkway to the culture within the public works department to how staff communication with the public.
CTV News
5 days ago
- Business
- CTV News
Officials break ground on south-side LRT expansion project
Officials and politicians take part in a ceremonial ground breaking on May 29, 2025, at the site of a future LRT station off Ellerslie Road on Edmonton's south side. Officials and politicians helped break ground Thursday on the construction project that started earlier this year for a southern extension of Edmonton's LRT system. The $1.38 billion, 4.5-kilometre addition to the Capital Line being managed by Ledcor started earlier this year. Workers have begun major construction work on the line that runs south/southwest from Century Park to the Desrochers and Allard neighbourhoods. Bruce Ferguson, the branch manager for the city's LRT expansion renewal, said demand for more LRT service on the south side spurred the project. 'The city does have an LRT network plan that has LRT going to all corners of the city, (and) south Edmonton is definitely the fastest growing part of the city,' said Ferguson, who is responsible for leading the team building all Edmonton LRT expansion projects. 'When funding was available, council prioritized it because this is where we see the growth. This is where we see the largest increase in planned ridership.' Capital Line LRT south expansion Edmonton's Capital Line LRT map with south expansion. (City of Edmonton) Ferguson said the city expects 15,000 people will use the line expansion daily when it opens. Ledcor subsidiary Capital Line Design-Build Ltd. and design partner AECOM hold the contract for Phase 1 of the project, which will extend the Capital Line from Century Park to north of Ellerslie Road. They are finishing detailed design plans. The second phase will continue work to take the line to Desrochers and Allard. The route will run south alongside 111 Street, cut west just south of Anthony Henday Drive then continue southward west of 127 Street and run along James Mowatt Trail to 41 Avenue SW. Major work is expected to take four to five years to complete followed by testing. Future Twin Brooks LRT station A rendering of the future Twin Brooks LRT station on Edmonton LRT's Capital Line. (City of Edmonton) Phase 1 work will include: • An underpass at 23 Avenue; • Bridges crossing Blackmud Creek and Anthony Henday Drive; • A new operations and maintenance facility south of Anthony Henday Drive; • An LRT station at Twin Brooks; • A multi-modal LRT station north of Ellerslie Road connecting to the Heritage Valley Transit Centre.
Yahoo
5 days ago
- Business
- Yahoo
If You Invested $1000 in Aecom Technology a Decade Ago, This is How Much It'd Be Worth Now
For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries. Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks. What if you'd invested in Aecom Technology (ACM) ten years ago? It may not have been easy to hold on to ACM for all that time, but if you did, how much would your investment be worth today? With that in mind, let's take a look at Aecom Technology's main business drivers. AECOM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities, government, as well as those in environmental, energy and water specializes in providing integrated services for planning, construction and maintenance of infrastructures that include consulting, architecture, engineering as well as managing the requirements for energy, water and environment to various private and public clients. The company primarily focuses on providing fee-based services and is driven by knowledge-based reports through three operating segments — Americas (which accounted for 77.5% of fiscal 2024 revenues), International (22.5%) and AECOM Capital or includes planning, consulting, architectural and engineering design, and construction and program management services to commercial and government clients in major end markets of the United States, Canada, and Latin unit involves planning, consulting, architectural and engineering design services, and program management to commercial and government clients in major markets of Europe, the Middle East, Africa, India and the Asia-Pacific includes investments primarily in real estate Engineering News-Record's (ENR's) 2023 Design Survey, AECOM is the second-largest general architectural and engineering design firm in the world, ranked by 2022 design revenue. Also, it is the global leader in transportation design, facilities design, environmental engineering, environmental consulting and environmental science. Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Aecom Technology, if you bought shares a decade ago, you're likely feeling really good about your investment today. According to our calculations, a $1000 investment made in May 2015 would be worth $3,309.36, or a 230.94% gain, as of May 29, 2025. Investors should keep in mind that this return excludes dividends but includes price appreciation. Compare this to the S&P 500's rally of 177.66% and gold's return of 166.27% over the same time frame. Going forward, analysts are expecting more upside for ACM. AECOM's second-quarter fiscal 2025 earnings topped the Zacks Consensus Estimate by 8.7% and grew 20% year over year. The bottom line during the quarter was backed by benefits received from high-returning organic growth initiatives. Furthermore, the company's consistent focus on high-margin markets and operational improvements positions it to fulfill its long-term adjusted operating margin target, a minimum of 20-30 bps annual expansion. Strong demand for comprehensive design, program management and advisory services across its varied geographies aided its backlog growth, which grew 3% year over year. AECOM's shares have outperformed the industry year to date. However, the revenues missed the consensus mark by 1.7% and declined 4% year over year. Ongoing macro risks, high costs and currency fluctuations are headwinds to its prospects. Shares have gained 9.63% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2025 compared to none lower. The consensus estimate has moved up as well. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AECOM (ACM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
6 days ago
- Business
- The Sun
AECOM ‘On Track to the Future' at Asia Pacific Rail 2025 with Digital and Sustainable Rail Solutions
BANGKOK, THAILAND - Media OutReach Newswire - 28 May 2025 - AECOM, the world's trusted infrastructure consulting firm, is proud to participate as Gold Sponsor and Operators Lounge Sponsor at Asia Pacific Rail 2025. This premier industry event, held at BITEC, Bangkok from May 28-29, 2025, brings together visionaries and innovators to shape the future of rail transport. Ranked 1st in both the Transportation and Mass Transit and Rail categories by Engineering News-Record, AECOM will showcase innovative digital solutions and sustainable practices in delivering complex rail infrastructure projects. Leaders from our Transportation team will provide insights into green strategies, cross-border collaborations, and emerging technologies. Tim Wong, Technical Director & ESG and Sustainability Hub Lead in Hong Kong, will share how digital tools like AECOMzero and innovative construction materials are helping projects lower carbon emissions. C Kamalesen Chandrasekaran, Technical Director, will focus on the Johor Bahru-Singapore Rapid Transit System (Johor section), a model of international cooperation powered by digital transformation. Meanwhile, Wilson Wong, Associate Director, will discuss intermodal transportation with regional leaders and how this is helping overcome the last mile hurdle in many Asian cities. 'We are delighted to take part in Asia Pacific Rail 2025 as a sponsor and an active participant again, to showcase our world leading role in transportation infrastructure,' said Ian Chung, chief executive of AECOM's Asia region. 'It has been our mission at AECOM to deliver a better world, using the most innovative and digital solutions to serve our clients across Asia and advance sustainable rail infrastructure. We look forward to further collaborating with the industry to drive positive change for urban and regional transport in Asia Pacific.' Our team will be at Booth E39 to highlight our projects in Asia and beyond, including the Orange Line West in Bangkok, one of the largest rail projects in Thailand, and the Northern Link project in Hong Kong, a major transportation infrastructure for the development of the strategic Northern Metropolis. We will also showcase our work on the Strategic Study on Railways beyond 2030, charting Hong Kong's long-term transportation strategy, and the Smart and Green Mass Transit System for one of the city's new development areas. AECOM provides rail services through our Metro Hub in Malaysia and our multi-discipline transportation teams in Hong Kong and Singapore, delivering professional services throughout the project lifecycle. Learn more about our presence at the conference here. For more information about AECOM's rail capabilities and how we create sustainable legacies, please visit Delivering a better world through transit.
Yahoo
6 days ago
- Business
- Yahoo
ACM Stock Gains on Optimized Remediation Contract Win From USACE
AECOM ACM has been selected by the U.S. Army Corps of Engineers (USACE) Los Angeles District for a 10-year Optimized Remediation Contract (ORC).ACM stock climbed 1.6% during yesterday's trading hours. The optimized remediation contract outlines the scope of offering environmental remediation services at Vandenberg Space Force Base on California's Central Coast. With a value of $81.3 million, this contract win by AECOM highlights its strong position in offering mission-critical solutions the contract, the company will be offering various services, including a range of remediation and management activities at 60 sites throughout Vandenberg Space Force Base. Moreover, ACM will utilize top-tier digital tools to enhance data collection, analysis and reporting, resulting in an optimized approach to site Matt Crane, chief executive of AECOM's U.S. West region, 'By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base.' AECOM has been witnessing robust prospects in each of its segments. Currently, it has a good visibility of a strong backlog and pipelines for the upcoming quarters. Owing to the improving global scenario, which is fostering infrastructural demand, there has been an increase in demand for ACM's services. This improving trend is reflected in the company's backlog of the end of the second quarter of fiscal 2025, the total backlog was $24.27 billion, up 3% from $23.74 billion in the prior-year period. The current backlog level includes 54.9% contracted backlog, which grew 5% year over year. AECOM's ability to consistently secure large, complex projects underpins its competitive advantage. The company maintains a win rate of more than 50% for large pursuits, which rises further for projects exceeding $25 million. Image Source: Zacks Investment Research Shares of this provider of professional, technical and management solutions have gained 2.4% year to date against the Zacks Engineering - R and D Services industry's 0.6% decline. With the $1.2 trillion IIJA funding accelerating in the United States and the U.K. government prioritizing investments in infrastructure, led by the transportation and water markets, the company's growth prospects seem encouraging. AECOM currently carries a Zacks Rank #2 (Buy).Here are some other top-ranked stocks from the Construction Perini Corporation TPC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks company delivered a trailing four-quarter earnings surprise of 264.7%, on average. The stock has risen 52.5% year to date. The Zacks Consensus Estimate for Tutor Perini's 2025 sales and earnings per share (EPS) implies an increase of 17.3% and 158.8%, respectively, from a year Partners, Inc. ROAD currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 97.4%, on average. The stock has trended up 20.9% year to Zacks Consensus Estimate for Construction Partners' fiscal 2025 sales and EPS implies an increase of 53% and 60.9%, respectively, from a year Industries, Inc. ROCK currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 3.1%, on average. The stock has inched up 3.1% year to Zacks Consensus Estimate for Gibraltar's 2025 sales and EPS implies an increase of 9.3% and 15.8%, respectively, from a year ago. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AECOM (ACM) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Tutor Perini Corporation (TPC) : Free Stock Analysis Report Construction Partners, Inc. (ROAD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
