AED News

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Ontario to Benefit From Infrastructure Investments

November 24, 2014 6:58 pm

BMO Economics recently noted the benefits of making investments in infrastructure, on the occasion of the release of the Government of Ontario’s Fall Economic Statement.

“There’s little question that Ontario can benefit from targeted infrastructure investments, especially at current low interest rates,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “Such investments will need to be managed in the context of historically-high levels of debt.

“Transit and transportation infrastructure in the Greater Toronto Area is one example that would help improve productivity in a city that accounts for almost 20 per cent of Canadian GDP,” noted Kavcic.

The Province said in the Fall Economic more »

Legislative Action Week Wrap: Well Positioned

November 24, 2014 6:55 pm

From Nov. 17-21, AED members engaged in one of the association’s broadest grassroots advocacy effort in years – the construction equipment industry’s 2014 Legislative Action Week.

Over the course of five days, industry stakeholders sent more than 200 letters to Congress. These messages made it clear to lawmakers what American businesses need to get the nation’s economy moving: approve Keystone XL, save the federal highway program, make capital investment incentives permanent and get control over regulatory overreach.

Legislative Action Week was more than a call to action in the waning days of the 113th Congress; it also positioned AED as the leader on more »

Capital Investment Incentives Unresolved as Congress Breaks for Thanksgiving

November 24, 2014 6:53 pm

Just when discussions on Capitol Hill regarding extension of numerous expired tax provisions were heating up, negotiations are now in flux as the Obama administration stirred partisan bickering with its recent immigration executive action announcement.

Most inside the Beltway observers were optimistic Congress could come to quick agreement on several “lame duck” priorities, including a continuing resolution to keep the government open well into next year and renewing tax extenders.  However, the status of both “must-pass” bills is now uncertain as immigration quickly sucked the air out of both congressional chambers.

Nonetheless, lawmakers are continuing to negotiate deals that would reinstate 50 percent more »

Hertz Equipment Rental Launches Flagship Used Equipment Sales Store

November 24, 2014 1:52 pm

Hertz Equipment Rental Corporation (HERC), officially opened its first HERC Equipment Sales location in Orlando, Fla. Multiple lines of equipment are on offer, including earth moving, aerial, material handling, air compressors, compaction, power generation and trucks. All equipment is immediately available in HERC Certified “Ready to Work” condition. The equipment for sale can also be viewed online at: https://hertzequipus.hertzequip.com/Sales/Location/9015.

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“We are enhancing our used equipment processes and offering for retail buyers, one of our primary used equipment sales channels,” said Robert G. Cowing, division vice president Sales, North America, Hertz Equipment Rental Corporation. “The new HERC Equipment Sales location offers customers a wide more »

Luby Equipment Acquires H Edwards Equipment Assets

November 24, 2014 3:07 am

Luby Equipment Services has acquired the assets of H Edwards Equipment, which had been the CASE dealer for light equipment in the Caseyville, Ill.  area for many years. With this acquisition, Luby is the authorized dealer for the full line of CASE products for Calhoun, Jersey, Randolph, Madison, Monroe and St Claire counties in Illinois. The entire staff of H Edwards Equipment, including service, sales and parts personnel, is now part of the Luby team.  “With this acquisition, we can sell all models in the CASE construction line,” said Bob Luby, president and CEO of Luby Equipment Services. “H Edwards Equipment more »

Forestry Powers BC Exports as Double Digit Growth Continues

November 24, 2014 2:59 am

British Columbia’s (BC’s) forestry industry is booming, boasting 11 percent export growth this year. A new forecast by Export Development Canada (EDC) sees the revival of the U.S. economy extending that trend with 12 percent growth in 2015.

EDC’s new forecast predicts BC overall export growth to be 10 percent in 2014 and 8 percent in 2015, making it one of Canada’s top performers.

The days of America’s housing surplus are over,” said Peter Hall, chief economist, EDC. We’re seeing a growing housing deficit in the U.S. right now. That, coupled with a lower Canadian dollar, will further boost demand for BC lumber in 2015.”

“The mountain pine beetle infestation continues to be a challenge for forestry in BC,” said Hall. “That<img more »

Higher Volumes Offset Sharply Lower Oil Prices, Rescues Alberta Export Forecast

November 24, 2014 2:55 am

The revival of the U.S. economy and a lower Canadian dollar are helping to propel oil export volumes in 2015, offsetting the impact on exports of sharply lower oil prices, according to a new report from Export Development Canada (EDC).

Fortunately, other export industries are also helping to shore up 2015 growth. For example, exports of industrial machinery are predicted to be the province’s highest growth sector in 2015 at 16 percent.

Oil is always a key driver in Alberta. As it absorbs the impact of huge price shifts, it is encouraging to see growth in other sectors taking the lead,” said Peter Hall, chief economist, EDC. “Impressive progress more »

Pace of Demand Slows Slightly, but Architecture Billings Index Continues to be Positive

November 24, 2014 2:52 am

Headed by the continued strength in the multi-family residential market and the emerging growth for institutional projects, demand for design services continues to be healthy as exhibited in the latest Architecture Billings Index (ABI). 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 October ABI score was 53.7, down from a mark of 55.2 in September. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was more »

Cummins Names Tracy Embree President of Components Group

November 24, 2014 2:48 am

Cummins Inc. last week named Tracy Embree president of the Components Group, effective Jan. 1. Embree will become a member of the Cummins Leadership Team, reporting to Chief Operating Officer Rich Freeland. Embree is currently President — Cummins Turbo Technologies (CTT).

Tracy Embree is replacing Anant Talaulicar, who has been serving in a dual role — president of the Components Group and leading the India Area Business Organization. Taulicar will continue be part of the Cummins Leadership Team helping to shape and guide future global decisions for the company. Effective Jan. 1, 2015, he will serve solely as chairman & managing director more »

Builder Confidence Rises Four Points in November

November 24, 2014 2:46 am

Builder confidence in the market for newly built single-family homes rose four points to a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Nov. 18.

“Growing confidence among consumers is what’s fueling this optimism among builders,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. “Members in many areas of the country continue to see increasing buyer traffic and signed contracts.”

“Low interest rates, affordable home prices and solid job creation are contributing to a steady housing recovery,” said NAHB Chief Economist David Crowe. “After a slow start to the year, more »

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