AED News

Tax Extenders Moving with Bonus Depreciation, Increased Expensing

April 7, 2014 4:34 pm

On April 3, the Senate Finance Committee approved the Expiring Provisions Improvement Reform & Efficiency Act (EXPIRE Act) with strong bipartisan support.
 
The legislation, known inside the beltway as “tax extenders,” continues dozens of tax provisions that expired at the end of 2013, including important capital investment incentives such as bonus depreciation and increased Sec. 179 expensing levels.
 
Specifically, the bill includes a two-year extension of 50 percent bonus depreciation for qualified property purchased and placed in service before Jan. 1, 2016.  It also makes a conforming change to the percentage of completion rules for certain long term contracts.
 
Under current law, beginning in more »

CNH Industrial Chooses Leica Geosystems as Global Strategic Partner for its Construction Equipment Business

April 6, 2014 4:42 pm

CNH Industrial announced a new strategic partnership with Leica Geosystems, a provider of design, measurement and visualization technologies, specializing in machine control solutions for construction equipment.

The CNH Industrial – Leica Geosystems strategic long-term partnership will involve several collaboration areas to continuously drive CNH Industrial’s leadership in the construction business. Under this agreement, Leica Geosystems will initially provide CNH Industrial’s global brands Case and New Holland Construction with machine control solutions for Excavators, Dozers and Graders for both factory fit and aftermarket applications. This will eventually expand to CNH Industrial’s entire construction product line-up. In addition, the engineering departments for both companies more »

IronPlanet is Apparent High Bidder for U.S. Department of Defense Rolling Stock Surplus Contract

April 6, 2014 4:41 pm

IronPlanet announced on April 4, 2014, that it is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Bids for the Surplus Contract were based on a percentage of the sales price of the items, which IronPlanet estimates at $50-70 million of rolling stock annually. IronPlanet’s high bid was equal to 75.29 percent revenue share to the DLA. The Surplus Contract has a base term of two years with four one-year renewal options.

“We’re very excited more »

Wacker Neuson Remains on Expansion Path in 2014

April 6, 2014 4:40 pm

In spite of difficult market conditions, Munich-based light and compact construction equipment manufacturer Wacker Neuson managed to further increase group revenue and profitability in 2013. Having reached its target for 2013, the company now aims to remain on this growth path through 2014.


EUR 1.16 billion in revenue 
In keeping with its growth strategy, the group focused on increasing market penetration of light and compact equipment in its core European and U.S. markets, as well as actively developing specific new markets. Group revenue rose 6 percent to EUR 1,159.5 million (2012: EUR 1,091.7 million). These figures were dampened by currency fluctuations. Adjusted to more »

Volvo Recognized for Leadership in Energy Efficiency

April 6, 2014 4:39 pm

Building on President Obama’s Better Buildings Initiative and the Administration’s broader efforts to double energy productivity by 2030, the Department of Energy recognized Volvo Group North America on April 1, for its leadership in energy efficiency at the New River Valley assembly plant near Roanoke, Va. As a Better Buildings, Better Plants partner, the Volvo Group has already achieved 16 percent savings across its U.S. plants and continues working toward its goal of becoming 25 percent more energy efficient within 10 years.

“Partners in the Better Buildings, Better Plants program, such as Volvo, are committing to real change – breaking through barriers more »

United Rentals Completes Acquisition of National Pump

April 6, 2014 4:39 pm

United Rentals, Inc. announced April 1, that it has completed its previously announced acquisition of National Pump for a combined asset purchase price of approximately $780 million.

The purchase price was comprised of approximately $765 million in cash, funded through newly issued unsecured debt, and approximately $15 million in stock. The transaction structure also provides for additional cash consideration based on the achievement of certain financial targets. The stock consideration has been granted as awards to certain new employees in the form of unregistered restricted shares. The total number of unregistered restricted shares of the company’s common stock was 153,619.

The acquisition makes United more »

Atlas Copco Listed Among World’s Most Ethical Companies by Ethisphere Institute for Second Consecutive Year

April 5, 2014 4:47 pm

Atlas Copco was named one of the World’s Most Ethical Companies by the Ethisphere Institute for the second consecutive year. The prestigious ethical ranking, presented at the Global Ethics Summit in New York, recognizes companies that demonstrate leadership in ethics, corporate responsibility, sustainability and governance.

“Atlas Copco emphasizes a value-based culture that prioritizes long-term, ethical and sustainable business development, not only because it is the right thing to do, but because it also makes good business sense,” said Jim Levitt, president, Atlas Copco North America LLC. “We are honored to be recognized by the Ethisphere Institute for our dedication to ethical practices.”

Ethical more »

‘Transportation Moves Wisconsin’ Events in La Crosse and Madison

April 5, 2014 4:46 pm

Town hall meetings April 8 and 9 will focus on transportation funding needs.

“Transportation Moves Wisconsin” is the theme of a new initiative of the Wisconsin Department of Transportation (WisDOT). The goal is to get feedback from people around the state about transportation needs and how the state should finance those needs into the future.

“Transportation Moves Wisconsin is aimed at giving more visibility to the state’s multimodal transportation system and to engage people around the state in talking about how it impacts their lives,” said WisDOT Secretary Mark Gottlieb. “The feedback we receive will be important in the development of the next more »

'Transportation Moves Wisconsin' Events in La Crosse and Madison

April 5, 2014 4:46 pm

Town hall meetings April 8 and 9 will focus on transportation funding needs.

“Transportation Moves Wisconsin” is the theme of a new initiative of the Wisconsin Department of Transportation (WisDOT). The goal is to get feedback from people around the state about transportation needs and how the state should finance those needs into the future.

“Transportation Moves Wisconsin is aimed at giving more visibility to the state’s multimodal transportation system and to engage people around the state in talking about how it impacts their lives,” said WisDOT Secretary Mark Gottlieb. “The feedback we receive will be important in the development of the next more »

Manufacturing Expands in March for the 10th Consecutive Month

April 5, 2014 4:45 pm

Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, said the nation’s supply executives in the latest Manufacturing ISM Report On Business.

The report was issued April 1 by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. “The March PMI registered 53.7 percent, an increase of 0.5 percentage point from February’s reading of 53.2 percent, indicating expansion in manufacturing for the 10th consecutive month. The New Orders Index registered 55.1 percent, an increase of 0.6 percentage point from February’s more »

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