AED News

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House Votes to Halt EPA Overreach

May 18, 2015 8:09 pm

May 19, 2015 — On May 12, the House approved legislation to mandate withdrawal of the Environmental Protection Administration (EPA) and Army Corps of Engineers’ (the Corp) controversial proposed rule redefining “waters of the U.S.” and dramatically expanding the Clean Water Act’s (CWA) scope.

The Regulatory Integrity Protection Act (H.R. 1732) passed 261-155, as 24 Democrats joined a united Republican caucus supporting the bill.  The legislation requires the proposed rule’s withdrawal and mandates greater public engagement, including holding a federalism consultation with the states and local governments and soliciting recommendations from all stakeholders and impacted parties, before EPA and the Corp put forward more »

Congress Prepares to Move Two-Month Highway Extension

May 18, 2015 8:07 pm

May 19, 2015 –With spending authorization for federal highway and transit programs set to expire on May 31 and the Memorial Day congressional recess looming, Congress this week is expected to pass a short-term extension to keep transportation money flowing through the end of July.

In recent days House and Senate lawmakers have scrambled to build consensus around extending the program through either mid-summer or the end of the year.  Senate Environment & Public Works (EPW) Committee Chairman Jim Inhofe (R-Okla.) and other House and Senate committee chairman said they favored a year-end extension to give Congress time to complete work on more »

Kubota Tractor to Move Headquarters to Texas

May 18, 2015 6:15 pm

May 18, 2015 — Kubota Tractor Corporation (KTC) and Kubota Credit Corporation (KCC) recently announced that they will relocate their headquarters to Grapevine, Texas. Both companies are U.S. subsidiaries of Kubota Corporation, based in Osaka, Japan, and have been planning for increased efficiencies on the heels of recent expansions and an aggressive growth strategy. The move will affect about 180 employees and is expected to happen within the next 18 months.

“This restructuring and relocation to Texas aligns with our strategic business objectives to strengthen Kubota’s brand in the U.S. marketplace, enter new industry segments, and to position our company for long term, sustainable more »

Potash Production and Agriculture to Support Saskatchewan Economy After Dip in Oil

May 18, 2015 2:59 pm

May 19, 2015 – Saskatchewan’s economy is being tripped up by the slide in oil prices, but other resource sectors are expected to provide a buffer, according to the BMO Blue Book released May 4,  by BMO Capital Markets Economics and BMO Commercial Banking.

Much like the U.S. Federal Reserve’s Beige Book, the BMO Blue Book combines the expertise of BMO’s economists with information on current business conditions provided to BMO’s commercial bankers by local businesspeople.

“Saskatchewan’s business owners are adopting a new level of caution given the recent drop in oil and gas prices,” said John MacAulay, senior vice president, Prairies and Central more »

Folcomer Equipment Awarded Takeuchi Top Volume Dealer of the Year

May 18, 2015 2:56 pm

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(L to R) Dave Folcomer, president of Folcomer Equipment and Clay Eubanks, president of Takeuchi US.

May 19, 2015 -Takeuchi-US, a manufacturer of compact equipment, has awarded Folcomer Equipment Corp. as the 2014 Top Volume Dealer of the Year for their successful sales efforts in 2014. Takeuchi President Clay Eubanks was on hand at Folcomer Equipment to present the much-deserved accolade.

Folcomer Equipment was named Takeuchi Total Volume Dealer of the Year after being ranked number one in total sales volume for Takeuchi products in 2014. The full-service construction dealer has four locations throughout Maryland, including Aberdeen, Baltimore, Frederick, more »

New Holland North America Vice President Testifies Before Pennsylvania House Majority Policy Committee

May 18, 2015 2:53 pm

2015_AbeHughes_CommitteeMay 19, 2015  – Abe Hughes, New Holland’s vice president in North America, testified before the Pennsylvania House Majority Policy Committee to provide insight into New Holland Agriculture’s and New Holland Construction’s view of Pennsylvania’s economy and business climate.

The hearing, held at Spooky Nook Sports Complex in Manheim, Pa., was part of a statewide jobs tour in which local business owners and statewide business associations were offered the opportunity to discuss challenges facing Pennsylvania’s businesses. The business leaders provided testimony to the Pennsylvania House Majority Policy Committee on state taxes and regulations, how to improve the state’s business climate, the preparedness more »

AEM Hall of Fame Nominations Due June 5

May 18, 2015 2:27 pm

May 19, 2015 – Nominations for the AEM Hall of Fame are due June 5. Nominees are judged on the same five guiding principles crucial to the health of the off-road equipment manufacturing industry:  innovation, industry contributions, leadership, corporate citizenship/social responsibility and sustainability.

Several AEM Hall of Fame judges revealed what they look for in a winning nomination:

  • Documentation and clear communication of the nominee’s “above and beyond” qualities and accomplishments
  • Information that demonstrates that not only did they know how to administrate well, but they actively contributed to industry knowledge and advancement
  • Qualities of honesty, fairness, and supportiveness
  • The individual’s contribution to his/her vocation and more »

Mortgage Rates Higher for Third Consecutive Week

May 18, 2015 1:22 pm

May 19, 2015 –  Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) May 14, showing average fixed mortgage rates following 10-year Treasury yields higher and rising for the third consecutive week. At 3.85 percent, the average 30-year fixed-rate mortgage is just below the high for 2015.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.85 percent with an average 0.6 point for the week ending May 14, 2015, up from last week when it averaged 3.80 percent. A year ago at this time, the 30-year FRM averaged 4.20 percent.
  • 15-year FRM this week averaged 3.07 percent with an average 0.6 point, more »

Survey Finds Residential Real Estate Investor Optimism Returns in 2015

May 18, 2015 1:20 pm

May 19, 2015 – Visio Financial Services, a  residential real estate marketplace lender in the U.S., revealed May 12,  in its Annual Residential Real Estate Investor Report, that investors are responding to a healthier housing market by expanding their property searches, buying in higher price bands and broadening their strategies in 2015. The report highlights growing trends in the multi-billion-dollar residential real estate investment market, indicating that this asset class is growing in popularity as alternative lending fills the financing gap left by traditional capital.

The report surveyed single-family real estate investors who purchase homes to fix-and-flip or to hold in their portfolio as more »

Komatsu Builds New Factory for Hydraulic Excavators in India

May 18, 2015 1:18 pm

Komatsu Plant in IndiaMay 19, 2015 – Komatsu Ltd.  held the opening ceremony of a new factory for hydraulic excavators at Komatsu India Pvt. Ltd. (KIPL) in Chennai, India on May 8.

Komatsu used to produce hydraulic excavators at L&T-Komatsu Limited (LTK), a joint-venture company with Larsen & Tourbro Limited (L&T), a leading general contractor of India. In April 2013, Komatsu sold its equity in LTK to L&T, proactively dissolving the joint-venture agreement. Since FY2013, Komatsu has been responsible for the development and production of Komatsu products made in India, while L&T has handled sales and service of those products in terms of the separation more »

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