There are now 1,020,000 mobile elevating work platforms (MEWPs), also known as aerial work platforms (AWPs), in the worldwide rental fleet. This is up 6 percent from the previous year, mainly driven by growth in Asia and Latin America, reveals new research commissioned by the International Powered Access Federation (IPAF).
The U.S. AWP rental market rebounded with strong growth of 9 percent in 2013 to reach approximately $7.2 billion, according to the IPAF U.S. Powered Access Rental Market Report 2014. The U.S. AWP rental fleet expanded by 6 percent in 2013. U.S. rental companies used all levers to improve revenue in 2013: expanding more »
On May 1, a bipartisan group of senators, led by Sens. John Hoeven (R-N.D.) and Mary Landrieu (D-La.), introduced legislation (S. 2280) to grant final approval to the Keystone XL pipeline project.
The legislation, which has 55 co-sponsors (the entire Republican caucus and 11 Democrats), could receive Senate consideration later this week. Please visit www.AEDaction.org to urge your senators to support the Hoeven-Landrieu bill (S. 2280).
Congressional action to approve Keystone XL gained momentum after the U.S. State Department announced on April 19 another delay in the pipeline’s National Interest Determination (NID) phase due to the “uncertainty” created by a Nebraska judge’s February decision to invalidate more »
Despite partisan bickering and the upcoming midterm elections, lawmakers are demonstrating an ability to move forward on key infrastructure investment proposals.
Word on the Hill is the Senate Environment & Public Works (EPW) Committee’s surface transportation reauthorization bill and a Water Resources Development Act (WRDA) conference report are set for unveiling as early as this week.
The Senate highway bill is expected to be a multiyear bipartisan effort, supported by the EPW Committee’s surface transportation “big four” [Sens. Barbara Boxer (D-Calif.), David Vitter (R-La.), Tom Carper (D-Del.), and John Barrasso (R-Wyo.)]. No details about the bill have been released publicly, but it’s a more »
The World Economic Forum (Davos Forum) and Booz & Company held a joint press conference on April 16 in Beijing to issue their research report of “Best Practices of Chinese Enterprises’ Globalization”. As the sole representative of China’s construction machinery industry, LiuGong was included as one of the best-practice cases in the report. Mr.(Michael) Huang Jianbing, vice president of LiuGong, was invited to attend the conference and shared the experiences of LiuGong’s globalized operation.
As one of the earliest Chinese machinery companies to expand globally from the ground up, LiuGong has over 320 dealers across 130 countries, seven parts depots, and two more »
Nonresidential fixed investment decreased 2.1 percent and residential fixed investment fell 5.7 percent during the first quarter, according to an April 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) expanded just 0.1 percent (seasonally adjusted annual rate) during the first quarter of 2014 following a 2.6 percent increase in the fourth quarter of last year.
“While today’s GDP report was disappointing, economists knew the U.S. economy was significantly impacted during the year’s initial three months by harsh meteorological conditions as well as by diminished inventory investments from retailers,” said Associated Builders and Contractors Chief Economist Anirban more »
Cummins Inc. reported April 29, results for the first quarter of 2014. First quarter revenue of $4.4 billion increased 12 percent from the same quarter in 2013. The increase year-over-year was driven by stronger demand in on-highway markets and distributor acquisitions in North America.
Revenues in North America increased 25 percent while international sales were flat compared to the first quarter a year ago. Within international markets, weakness in India, Australia, Mexico and Brazil offset higher revenues in China and Europe.
Earnings before interest and taxes (EBIT) were $528 million for the first quarter or 12.0 percent of sales. This compares to $437 more »
Cummins Inc. has been named one of the Top 50 Companies for Diversity by DiversityInc for the eighth consecutive year.
Cummins, which ranks 15th in the 2014 annual list, was selected from more than 1,200 companies that participated.
“Diversity gives Cummins a competitive advantage in producing the best products with the best people from all over the world,” said Kelley Creveling, executive director, Global Diversity and Right Environment at Cummins. “Our ranking on DiversityInc‘s Top 50 Companies list is a nice recognition of how far along we are on our diversity journey and the work that’s been done so far. We’re fortunate to have exceptional commitment more »
Economic activity in the manufacturing sector expanded in April for the 11th consecutive month, and the overall economy grew for the 59th consecutive month, said the nation’s supply executives in the latestManufacturing ISM Report On Business.
The report was issued May 1, by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. “The April PMI registered 54.9 percent, an increase of 1.2 percentage points from March’s reading of 53.7 percent, indicating expansion in manufacturing for the 11th consecutive month. The New Orders Index registered 55.1 percent, equal to the reading in March, indicating growth in more »
Strongco Corporation rrecently reported financial results for the three months ended March 31, 2014. Compared to the first quarter of 2013, revenue increased by 7 percent to $104.4 million, while product support revenue was up 8 percent to $32.7 million. Gross margin increased by 1 percent to $18.9 million. Operating loss was $1.1 million compared to a loss of $0.1 million. ” Despite the worst winter in decades – which persisted across all of the regions in which we operate – we were pleased to achieve an overall improvement in sales across all areas of the business, extending our record of solid revenue growth through market share gains,” said Bob Dryburgh, more »
Associated Equipment Distributors (AED) President and CEO Brian P. McGuire released the following statement regarding the Obama administration’s draft reauthorization proposal for highways and surface transit, which was delivered to Congress by Secretary of Transportation Anthony Foxx on April 29, 2014.
“We’re pleased to see President Obama and Secretary Foxx playing an aggressive leadership role on road, bridge, and transit issues. With the federal highway program on the verge of collapse, we need innovative thinking about to how build, fund and finance America’s 21st century transportation system. We may have differences with the administration about some priorities and program specifics, but we’re more »