August 4, 2015 – On Monday, President Obama announced the final version of the EPA’s Clean Power Plan, which aims to fight global warming and increase renewable energy usage. The greenhouse gas emissions rules targeting coal-burning power plants are more aggressive than any other climate rules in U.S. history.
The energy industry believes requiring power plants to lower carbon dioxide emissions by 32 percent by 2030 will be too expensive to implement and will raise energy bills for Americans. The plan pushes power plants fired by coal to either shut down their operations or use natural gas and renewable resources instead. The plan more »
August 4, 2015 — With the Highway Trust Fund (HTF) running desperately low on cash and authorization for federal highway and transit construction programs expiring July 31, Congress approved measures to keep transportation money flowing to the states (at least temporarily) before leaving for August Recess. Though the Senate had mustered the votes to pass a six-year bill, both houses eventually settled for yet another short-term extension to the federal highway program in time to break for Congress’ extended August recess.
A lot can happen in three days in Washington:
Senate shows some DRIVE
Late on July 27, the Senate voted to invoke cloture more »
To help build the workforce of the future, for the construction equipment industry and the economy as a whole, AED members need to share a bit of their insight and experience. Visit http://bit.ly/aedsurvey to begin the survey.
August 4, 2015 – June auction sales of rental and construction equipment tracked by Rouse averaged 9.2 percent lower than Rouse May FLV values. In the month of June, Rouse recorded 5,106 units that sold at 39 separate auction sales conducted across North America. The units represented a combined FLV (as of May 31st) of $138.6 million and generated $125.8 million of gross auction proceeds. Although the recent three months of auction results indicate softening equipment values, the year-to-date total is balanced at 2.9 percent below Rouse FLV values (YTD FLV $701.8 million, gross auction proceeds $681.8 ). APRIL ROUSE RATE INDEX UP more »
August 4, 2015 – CDK Global, Inc. announced July 30, the launch of a brand new interface for Komatsu America (KAC) dealers, which makes OEM factory campaign details easily available right from the CDK Dealer Management System (DMS). Created for CDK Global Heavy Equipment dealers, the Factory Campaigns interface will provide fast access to essential OEM equipment data, allowing dealerships to quickly recognize known issues for specific units. When a unit is brought in for repair, Service employees can search by a unit’s serial number to identify if any potential problems exist and need to be fixed.
“We know that our Komatsu partners rely on more »
August 4, 2015 – Research and Markets has announced the addition of the “Heavy Construction Equipment Market by Type, Application and Industry – Forecast to 2020″ report to their offering.
The global heavy construction equipment market is estimated to reach USD 166.05 Billion by 2020, with a projected CAGR of 6.80 percent, signifying a steady increase in the demand for heavy construction equipment.
Heavy construction equipment is a critical tool for any construction project. They are used extensively at construction sites to reduce labor cost and time. The high construction and infrastructural growth, technological developments and their adaptations, and rapid urbanization have fueled more »
Double digit spending increases expected in commercial sector in 2015 and 2016
August 4, 2015 — Despite the adverse weather conditions that curtailed design and construction activity in the first quarter of the year, the overall construction market has performed extremely well to date. The greatest amount of activity was seen in the building of commercial properties – most notably offices and hotels – with an unusually high spike in manufacturing construction spending triggered by the surge in domestic oil and natural gas production.
The American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is more »
August 4, 2015 – Representatives from Cummins Inc. and Schneider Electric signed a joint declaration July 30, to partner on community improvement projects across the globe.
“This partnership will improve how Cummins provides resources and engages employees in corporate responsibility projects around the globe,” said Mark Levett, vice president of Corporate Responsibility and CEO of the Cummins Foundation. “Working together, Cummins and Schneider Electric can use our global footprint, and the strength of our employee’s skills, to drive even greater change in our communities.”
Schneider Electric’s Francois Milioni, director Training – Program “Access to energy”, concurs. “We share a belief with Cummins that as organizations more »
Valor Econômico, one of Brazil’s leading financial newspapers, issued its list of the country’s 100 most innovative companies. CNH Industrial made the top five in the Capital Assets category and placed 30 out of 100 in the general ranking. This achievement confirms the company’s leadership in the field of new technologies, as it continues to pioneer projects across all of its operational segments
August 4, 2015 – CNH Industrial has been included in the prestigious annual ranking of Brazil’s 100 most innovative companies. The list is compiled by prominent financial publication Valor Econômico. The company came in 30th and ranked in the more »
August 4, 2015 – New business volume grew 6.7 percent in the equipment finance industry in 2014, according to the 2015 Survey of Equipment Finance Activity (SEFA) released July 28, by the Equipment Leasing and Finance Association (ELFA). The rise in new business volume marked the fifth consecutive year that businesses increased their spending on capital equipment. The SEFA report, now celebrating its 40th year, covers key statistical, financial and operations information for the $903 billion equipment finance industry, based on a comprehensive survey of 100 ELFA member companies. The report, which includes an expanded executive summary, is available at www.elfaonline.org/SEFA. ELFA will more »