The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for December was $12.1 billion, down 6 percent year-over-year from new business volume in December 2019. Volume was up [...]
Texas and Vermont Have Worst February-December Losses While Virginia and Alabama Add the Most; Arizona, Delaware Have Worst One-Month Job Losses As California, New Hampshire Top Other States Construction employment in December remained below pre-pandemic levels in two-thirds of the states even though 37 states and the District of Columbia added construction jobs from November to [...]
Based on data from website market intelligence firms Alexa and SEMRush, along with data from Google Analytics, here are the fastest-growing equipment marketplace websites in 2020. The list was compiled by tracking the December, 2019 to December, 2020 traffic growth of websites that sell used construction equipment. Fastest Growing Equipment Marketplace Websites In 2020 Here are [...]
WASHINGTON, DC – The U.S. Department of Labor has announced adjustments to Occupational Safety and Health Administration (OSHA) civil penalty amounts based on cost-of-living adjustments for 2021. In 2015, Congress passed the Federal Civil Penalties Inflation Adjustment Act Improvements Act to advance the effectiveness of civil monetary penalties and to maintain their deterrent effect. Under the [...]
Listing your used construction machines on multiple sites is an approach that many sellers use. Doing so makes sense for lots of reasons: More exposure for your machines, To reach a larger base of buyers, Because some buyers like one website over another, and to Quickly sell excess equipment. According to a poll carried out by [...]
CASE Construction Equipment partners each year with Construction Equipment Magazine to produce the Annual Report & Forecast, an in-depth look at how the previous year in the greater construction industry performed compared to expectations, and what the industry anticipates for the year ahead. It goes without saying that 2020 was not what anyone expected. While many [...]
Wheel loader prices are down in 2020 according to the latest Richie Bros. Used Equipment Market Trends Summary. Median pricing for wheel loaders declined through 2020, from its high of $40,000 in the first quarter to $33,000 in the second quarter, $32,750 in the third quarter, and with an expected price of $35,500 for the fourth [...]
Dozer Prices Rise in 2020 Pricing for dozers rose in 2020 according to the latest Richie Bros. Used Equipment Market Trends Summary. Quarterly median dozer pricing remained fairly stable through 2020 compared to previous years, starting at $48,000 in Quarter 1, rising to $50,000 in Q2, and declining to $47,000 in Q3. However, in November and [...]
Auction house Richie Bros. released a new report showcasing Multi-Terrain Loader Prices at auction for 2020. According to Richie Bros, prices reached record highs for multi-terrain loaders in 2020. Volume in the category was up to record highs, as well. In Q2 2020, Multi-Terrain Loader median pricing reached $23,000, up 8.7% from the previous record. However, [...]
New Industry Outlook Finds Most Contractors Expect Demand for Many Categories of Construction to Decline, Few Firms Expect the Industry to Recover to Pre-Pandemic Levels Soon, but will Sustain IT Investments Most contractors expect demand for many types of construction to shrink in 2021 even as the pandemic is prompting many owners to delay or cancel [...]
