Officials from the United States and Canada have finally reached an agreement to finance a key piece of the Detroit-Windsor Bridge project.
The New International Trade Crossing (NITC) had been held up over the cost of construction and operations of a customs and toll facility on the American side of the Detroit River. After months of negotiation, the U.S. inspection plaza will be developed as part of a public-private partnership (P3) that will design, finance, construct, operate and maintain the facility. When opened, the new crossing will ease pressure on the 85 year-old Ambassador Bridge, which is currently the busiest international border more »
On Feb. 13, the House approved legislation to permanently increase Sec. 179 expensing levels, a top priority for AED, 272-142.
Under current law, beginning in 2015, a taxpayer may immediately expense up to $25,000 of Sec. 179 property annually, with a dollar for dollar phase-out of the maximum deductible amount for purchases in excess of $200,000. The America’s Small Business Tax Relief Act of 2015 (H.R. 636)permanently increases the maximum amount and phase-out threshold to the levels in effect in 2010 through 2014 ($500,000 and $2 million respectively) and allow for inflation adjustments.
H.R. 636 also contains two measures specifically related to S more »
Iowa’s system of roads and bridges faces mounting challenges in the form of deteriorated roads and bridges, high rates of rural traffic fatalities, increasingly crowded roads, stifled economic development, and insufficient funding. Increased investment in transportation improvements at the local, state and federal levels could improve road and bridge conditions, boost safety, increase roadway efficiency and support long-term economic growth in Iowa, according to a new report released Feb. 18, by TRIP, a Washington, D.C.- based national transportation organization.
The TRIP report, “Iowa’s Top Transportation Challenges: Meeting the State’s Need for Safe and Efficient Mobility,” finds that throughout Iowa, more than a quarter more »
Andy Studdert, chairman & CEO of US-based NES Rentals, and deputy president of IPAF, had the full attention of a 100-strong audience at the recent IPAF ElevAÇÃO conference in São Paulo, Brazil, as he gave access companies valuable insights into safety, creating value and preparing for a downturn.
Drawing on his extensive experience in the airline sector when he was COO of United Airlines and led the company through the 9/11 crisis, Studdert said that the most critical lessons for the access industry were to have repeatable processes, a culture of intervention, and crisis preparation.
“The process of loading, fuelling, checking, and flying more »
FABCO Equipment Inc. (FABCO), of Milwaukee, Wis., and John Fabick Tractor Company (Fabick CAT), of Fenton, St. Louis County, Mo., are proud to announce that they are joining their two family-owned, independently-operated companies to create one of the largest and most dynamic Caterpillar dealerships in the nation.
The expanded organization will be led by Doug Fabick (currently president & COO of Fabick CAT) as CEO and dealer principal along with his cousin Jeré Fabick (currently president & CEO of FABCO) serving as president and co-dealer principal. The combined company will build on what each organization has achieved independently and provide an enhanced more »
Roads and bridges that are deficient, congested or lack desirable safety features cost Georgia motorists a total of $7.9 billion statewide annually – as much as $1,900 per driver in some areas- due to higher vehicle operating costs, traffic crashes and congestion-related delays. Increased investment in transportation improvements at the local, state and federal levels could relieve traffic congestion, improve road and bridge conditions, boost safety, and support long-term economic growth in Georgia, according to a new report released Feb. 18, by TRIP, a Washington, D.C.-based national transportation organization.
The TRIP report, “Georgia Transportation by the Numbers: Meeting the State’s Need for Safe more »
Following a nine-month stretch of positive billings, the Architecture Billings Index (ABI) showed no increase in design activity in January. 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 January ABI score was 49.9, down from a mark of 52.7 in December. This score reflects a very modest decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.7, down from a reading of 59.1 the previous month.
“This easing more »
The U.S. economy is expected to maintain solid growth throughout 2015, with real GDP forecast to grow at a pace of 3.1 percent, says a report issued Feb. 13, by BMO Economics. The positive growth prediction is a result of a variety of factors, namely lower oil prices, strong consumer spending, significant job growth, solid housing market momentum and significant business investment. “Consumer spending and housing look to lead economic growth this year, more than offsetting weakening net exports and ebbing business investment flows, particularly in the oil sector,” said Michael Gregory, head of U.S. Economics, BMO Capital Markets. “While wage trends more »
Cummins Shares Additional Details On Connected Diagnostics Solution
Cummins Inc. announced Feb. 16, details surrounding Connected Diagnostics, the first application within the Connected Solutions suite that has been designed to work seamlessly with leading telematics providers. Cummins Connected Solutions is an innovative group of products that utilize the connection of a Cummins electronic engine to a vehicle’s on-board telematics system.
Connected Diagnostics gathers engine data to provide customers with immediate expert recommendations in response to engine fault information. Connected Diagnostics utilizes Cummins expert guidance to provide thorough recommendations so customers can make the most informed decision at the time of the notification. more »
Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in the fourth quarter of 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released Feb. 19.
In all, 62.8 percent of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $63,900. This is up from the 61.8 percent of homes sold that were affordable to median-income earners in the third quarter.
The national median home price declined from $220,800 in the more »