Equipment managers indicated a drop in desire to rent in August, according to Construction Equipment's Equipment Manager Confidence Index. The Confidence Index, free to contractors and other users of construction equipment, was 108 on September 1. The rental trends dataset is one of nine additional datasets available to Construction Equipment members. Members were [...]
A strategic partnership between JLG Industries, Inc. and Associated Builders and Contractors (ABC) has resulted in enhanced equipment training at the ABC Keystone Chapter with the delivery of three pieces of equipment to the chapter training facility in Manheim, Pennsylvania. This training is focused on developing ABC’s employees at the Keystone Chapter to win work bids [...]
With several Terex plants still operating in the midst of the COVID-19 pandemic, there are some that are closed and eyeing an April comeback, according to the company. The list below shows the facilities expecting to reopen on April 13th: Oklahoma City, OK Moses Lake, WA Redmond, WA Rock Hill, SC In the meantime, there are [...]
Expansion in 3 Key Market Sectors to Fuel US Aerial Work Platform Demand The global aerial lift market is poised to grow substantially over the next few years due to rapid expansion in building & construction, rental, transportation and logistics, utility and mining industries. Several other factors will contribute, such as strong focus on smart city [...]
More Time Given for Lease Accounting Changes Accounting Standards Codification Topic 842 (ASC 842), for private companies and nonprofits has been delayed by one year, with implementation beginning after December 15, 2020. Leading construction spending indicator up 2.9% in November The Dodge Momentum Index moved 2.9% higher in November to 155.3 (2000=100) from the revised October [...]
Lift and Access Announces 2019 LLEAP Award Winners Lift and Access revealed its winners of the 14th annual Leadership in Lifting Equipment and Aerial Plaftorms (LLEAP) Awards, which recognize the most innovative new products in the access industry. The awards were featured in their November/December issue and on their site. Winners included: JLG Mobile Control App [...]
IronTek Solutions Transforms Construction Equipment Industry with a New Way to Make Profits, Pairing Traditional Services with New Technology CLEVELAND -- Rental yards, construction equipment vendors, and individuals looking to buy or sell used equipment have a faster, cheaper way to simplify fleet and inventory management with the launch of IronTek Solutions, https://ironteksolutions.com/. IronTek pairs traditional [...]
Construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion. The October figure is 1.1 percent above the October 2018 estimate of $1,277.4 billion. During the first ten months of this year, construction spending amounted to $1,086.5 billion, 1.7 percent [...]
The Marcum Commercial Construction Index for Q3, 2019 finds the construction industry in an OK postion as the year ends, despite a mounting drumbeat of negative news. On the positive side: A 1.5% increase in public construction spending in September and a 6.6% increase year-over-year. An average backlog of 10.4 months in the infrastructure category, outpacing [...]
Deere announces net income of $3.2 billion for 2019: Net sales increase 4% for fourth quarter and 5% for full year. Company's Construction & Forestry reports higher sales and profit for year. Full-year 2020 forecast calls for net income of $2.7 to $3.1 billion, reflecting uncertainties in our equipment operations. Deere’s worldwide sales of agriculture and [...]
