May 26, 2015 –On May 21, Rep. Pat Tiberi (R-Ohio) reintroduced legislation (H.R. 2510) to incentivize investments in new equipment by making 50 percent depreciation bonus permanent.
At the end of 2014, 50 percent accelerated depreciation once again expired. By making bonus depreciation a permanent part of the tax code, Tiberi hopes to add certainty and predictability so businesses can plan investments that result in jobs and growth.
Similar legislation has passed the House in previous Congresses and won’t encounter strong opposition in the chamber this session. However, Senate action is uncertain, as lawmakers will likely be cobbling together the traditional end of more »
May 26, 2015 –Prior to leaving Washington for the Memorial Day recess, both chambers of Congress passed legislation to extend federal highway and transit spending authority for two months, necessitated by MAP-21’s pending expiration. The House approved the short-term measure on May 19 and the Senate followed suit four days later. The president is expected to sign the bill ahead of the May 31 deadline. The stop-gap legislation prevents an abrupt halt in infrastructure projects heading into the busy summer construction season, but does nothing to provide the certainty necessary to bolster state investment in roads and bridges in the long-term. more »
May 26, 2015 –Sales of newly built, single-family homes rose 6.8 percent to a seasonally adjusted annual rate of 517,000 units in April, according to newly released data from HUD and the U.S. Census Bureau.
“Sales are moving forward and our builder members are telling us they are starting to see more activity as more buyers get off the fence and enter the marketplace,” said Tom Woods, chairman of the National Association of Home Builders (NAHB) and a home builder from Blue Springs, Mo.
“Following an unusually low sales report in March, today’s numbers are consistent with other data we’ve seen recently and more »
America’s rural transportation system is in need of repairs and modernization to support economic growth in the nation’s Heartland, which is a critical source of energy, food and fiber and home to an aging and increasingly diverse population that is heavily reliant on the quality of its transportation system. A new report released today by TRIP evaluates the safety and condition of the nation’s rural roads and bridges and finds that the nation’s rural transportation system is in need of improvements to address deficient roads and bridges, high crash rates, and inadequate connectivity and capacity. TRIP is a national non-profit transportation more »
May 26, 2015 — Vernon Hills, Ill. and Katy, Texas – Valuepart Inc. and KOBELCO Construction Machinery USA signed an aftermarket supply agreement covering Valuepart’s line of VTRACK by Passini undercarriage and repair parts components designed for use on “all makes” of off-highway construction machinery.
The agreement provides the large and growing network of KOBELCO dealer locations in the United States, Canada, Mexico, Central and South America preferred access to Valuepart’s broad line of aftermarket products and technical support. The agreement was signed by Ivano Passini, president and CEO of Valuepart Worldwide and Katsuhiko “Pete” Morita, president and CEO of KOBELCO more »
May 26, 2015 – The Equipment Leasing & Finance Foundation (the Foundation) released the May 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) May 20. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903 billion equipment finance sector. Overall, confidence in the equipment finance market is 67.5, slightly lower than the April index of 70.7.
When asked about the outlook for the future, MCI-EFI survey respondent Valerie Hayes Jester, president, Brandywine Capital Associates, Inc., said, “We are experiencing strong more »
May 26, 2015 – Riding a stretch of increasing levels of demand for 13 out of the last 15 months, the Architecture Billings Index (ABI) dropped in April for the second month this year. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the April ABI score was 48.8, down sharply from a mark of 51.7 in March. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was more »
May 26, 2015 –RMT, a North American distributor of onboard weighing and backup camera systems specially built for heavy equipment, has opened its new 6,000-square-foot head office and warehouse facility in Blainville, Quebec, near the international transportation hub of Montreal.
Designated as the North American headquarters for global manufacturing including VEI Loader Scales, TRACK-VISION Safety Backup Camera Systems, SciTronics belt scales and metal detectors, and BRT onboard truck scales, the Blainville facility integrates a wide range of resources for parts and service support, factory training and product development.
“The new RMT head office increases our warehousing space for products and parts inventories to more »
May 26, 2015 – The dramatic drop in oil and gas prices will lead to a 17 per cent fall in Alberta’s export earnings in 2015, but partial price recovery and volume gains will help overall exports rebound in 2016 to the tune of 19 percent growth.
The forecast was made May 20, by Export Development Canada (EDC), Canada’s leading provider of small business financing and insurance for companies with sales or business outside of Canada.
“This will be a difficult year for Alberta exports, but there is light at the end of the tunnel,” said Peter Hall, chief economist, EDC. “The continued revival ofmore »
“While we recognize that passing a short-term extension of the Highway Trust Fund through July was a necessary action, it was not a sufficient one. Continuing to kick the can down the road when it comes to funding our nation’s transportation infrastructure threatens the continuity necessary for economic development, international trade, and job creation.
“We need Congress to get its head out of a pothole and immediately turn to identifying and advancing a<img more »