AED Chairman Don Shilling (General Equipment & Supplies, Fargo) will be in Washington, D.C. this week to participate in a series of events – including a Capitol Hill press conference – focused on saving the federal highway program.
The press event on Wednesday is being organized by Senate Environment & Public Works Committee Ranking Member Barbara Boxer (D-Calif.) to remind her congressional colleagues that authorization for federal highway spending expires at the end of May and the Highway Trust Fund will run out of money in late summer.
Shilling is one of a handful of construction industry leaders invited to participate in the more »
On April 15, the House of Representatives is scheduled to vote on legislation to scrap the onerous and growth-stifling federal estate tax once and for all.
The Death Tax Repeal Act of 2015 (H.R. 1105), introduced by Reps. Kevin Brady (R-Tex.) and Sanford Bishop (D-Ga.), has garnered 135 House co-sponsorships and was approved by the House Ways & Means Committee, 22-10. Sen. John Thune (R-S.D.) has identical Senate legislation and shepherded a successful amendment to the upper chamber’s fiscal year 2016 budget calling for full death tax repeal. While non-binding, the amendment was approved (54-46), demonstrating majority support.
According to AED’s most recent more »
John Deere has been named to the Forbes magazine list of America’s Best Employers. Deere was 38th among 500 companies included in the recently-announced ranking based on independent research of American employees working for large U.S. organizations or U.S. divisions of international firms.
Forbes reports survey participants were asked if they would recommend their employer or any other employers in their industry to a potential employee. The demographic mix of respondents in the sample is representative of the overall U.S. workforce.
“It is especially gratifying that this honor comes directly from employees of Deere and others who know about Deere,” said Sam Allen, chairman and more »
Essex Rental Corp.announced April 10, that it has retained RBC Capital Markets, LLC, a premier advisor in the heavy-lift rental equipment segment, to evaluate strategic alternatives for Essex Crane Rental Corp., one of the company’s two operating subsidiaries. The company’s Board of Directors authorized the initiative and the hiring of RBC Capital Markets in January of this year in order to assess alternatives for creating shareholder value. The company will provide periodic updates on the initiative as warranted.
The company also announced that two of its long-standing directors, John Nestor and Dan Blumenthal, will not stand for reelection at the upcoming 2015 annual more »
The Honourable Pierre Poilievre, minister of Employment and Social Development, minister for Democratic Reform and minister responsible for the National Capital Commission, and Royal Galipeau, member of Parliament for Ottawa-Orléans, announced federal funding for hundreds of students and dozens of faculty at Algonquin College and La Cité collégiale to develop new cutting-edge construction technology.
The research could allow home buyers to take a 3D tour of a house before it is built, produce infrared technology to measure where heat leaks out of homes or develop new pavement that will resist water erosion, while creating jobs for tradespeople. It will also help the more »
Third Acquisition in Seven Months Further Strengthens BlueLine’s Presence in Mid-Atlantic Region
BlueLine Rental, a full-service equipment rental company has acquired Area Equipment LLC, a rental company in Cheasapeake, Va. that serves customers in the industrial and non-residential construction markets. Terms of the transaction were not disclosed.
“Area Rental is a good strategic fit for BlueLine that will bolster our fleet and create an even stronger platform for us in the Mid-Atlantic region,” said BlueLine CEO Phil Hobson. “Area has a well-deserved reputation for reliability and customer service, which is a credit to the founders of the business and all the people who more »
To better capitalize on the growing importance and excitement of data analytics and to drive innovation to support customers, Caterpillar Inc. announced April 10, the formation of a new division, Analytics & Innovation (AI), which will be led by Caterpillar Vice President Greg Folley. The division will bring together the people and resources that will foster a culture with innovation at the core, form a broad and connected analytics ecosystem and manage strategic third party relationships with providers like Chicago, Illinois-based Uptake, a start-up with which the company recently announced a technology and predictive analytics agreement.
Caterpillar will co-locate key employees with the more »
LiuGong Machinery, China’s leading manufacturer of high quality heavy construction equipment, announced on Friday, March 20, during the opening ceremony of its first factory in Brazil, that it will invest R$ 120 million in the country. The plant is located in Mogi Guaçu – SP, a city located in the countryside, 180 kilometers from São Paulo.
The project is covered by Investe São Paulo, promotion agency for investments linked to the Department of Economic Development, Science, Technology and Innovation for the State of São Paulo. “We are helping LiuGong choose the ideal location for their plant and directing them with respect to more »
The Obama administration has released details of the GROW AMERICA Act 2.0, a six-year, $478 billion surface transportation reauthorization proposal that would increase annual highway and transit investment by over $21 billion annually.
The GROW AMERICA Act 2.0 is commendable for its desire to grow investment and provide long-term certainty. However, it’s unlikely to receive serious congressional consideration.
While most on Capitol Hill support long-term certainty and increased investment, identifying new revenue streams is proving to be politically difficult. Despite the business community’s widespread support for a modest increase in the federal fuel tax, the administration proposes to collect levies on corporate earnings more »
Founded in 1971, TRIP is a private nonprofit organization that researches, evaluates and distributes economic and technical data on surface transportation issues. AED supports TRIP financially and Christian Klein, AED’s vice president of government affairs, is a member of TRIP’s Board of Directors.
Among other tools, the group provides highway fact sheets in order to illustrate the circumstances of the federal highway program and to arm advocates and businesses nationwide in the fight to more »