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Cardinal's ALGC wins $40M contract for Walmart's Carnesville sorting facility infrastructure.

Market News
02 Sep 2026
PRNewsWire
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Bullish
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Cardinal Infrastructure Group's A.L. Grading Contractors (ALGC) secured a $40 million contract to provide full-site civil infrastructure services for Walmart's new sorting facility in Carnesville, Georgia. The project spans 164 acres and includes extensive grading, utility installation, and paving work, to be performed by ALGC and Allied Paving Contractors, a recent acquisition by Cardinal. This contract highlights Cardinal's strategic expansion into commercial and industrial markets and supports a major logistics client, Walmart, while also contributing to local job creation with over 1,000 jobs expected. The Allied Paving acquisition enhances Cardinal's vertical integration and operational capabilities in this growing sector.

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Nvidia returns $26B to shareholders with a 2,400% dividend hike, signaling more increases ahead.

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