Tag: business: Page 8

Dealers

Tax overhaul benefits dealers, but uncertainty for future remains

Construction equipment dealers will be able to take advantage of full expensing – for both new and used equipment – under the final tax bill. There’s also a lower rate for most pass-throughs, including trusts and estates. And business interest deductibility is initially capped at 30 percent of earnings before interest, tax, depreciation and amortization (EBITA), […]

December 19, 2017

Dealers

Boost year-end equipment sales with Section 179 marketing push

2016’s  long-term bill extending Section 179 removed the previous end-of-the-year uncertainty as to whether the bonus depreciation break would be continued, but that doesn’t mean dealers shouldn’t be motivated to use the tax incentive as a sales tool this year. Of particular note for dealers, Section 179 tax breaks apply to new, used and leased […]

December 19, 2017

Dealers

Business Roundup: Briggs & Stratton moves production; CJD becomes Terex Trucks’ Aus. national dealer; JCB taps Norlift as new dealer; 2018 Rental Show details

Targeting North American growth, Briggs & Stratton moves production from Japan to Ala., Ga. Briggs & Stratton is moving production of its V-Twin Vanguard engines from a joint venture partnership in Japan to its existing manufacturing facilities in Statesboro, Georgia, and Auburn, Alabama, the company says. To read more, click here. CJD becomes Terex Trucks’ […]

December 12, 2017

Workforce

Construction adds 24,000 jobs in November

The U.S. construction industry increased employment for a fourth consecutive month in November, with the addition of 24,000 jobs. Total construction employment rose to 6.955 million Americans during the month, a 2.7-percent improvement over the November 2016 total, according to preliminary data from the Labor Department. The November jobs data also brought a revision to […]

December 11, 2017

Dealers

Former Volvo CE chief Weissburg appointed president of Mack Trucks

Martin Weissburg has been named president of Mack Trucks beginning June 1. For the past three years, he’s been serving as president of Volvo Construction Equipment. He joined the Volvo Group in 2005 as president of Volvo Financial Services Americas, and in 2010 became global president of Volvo Financial Services. Weissburg will be headquartered in […]

December 8, 2017

Dealers

Equipment Roundup: Tesla electric Semi cuts costs; GMC tracked Sierra 2500HD All Mountain; Vermeer ECO75, VX75 vacuum excavators; Talbert trailer made to haul road equipment; Mack Pinnacle Test Drive; Gradall’s new XL 3300 V wheeled excavator

How much will Tesla’s electric Semi save on operating costs over diesel? How would you like to get an extra dollar for every five miles you drive? That’s one of many notable promises made by Tesla Motors at the unveiling of the electric Tesla Semi. The boast gets at the heart of what owner-operators care […]

December 5, 2017

Workforce

Hurricane recovery sends construction unemployment to record low

U.S. construction unemployment tied a record low in October, at 4.5 percent, with recovery from Hurricanes Harvey and Irma and other disasters appearing to lead the jobs increase, according to Associated Builders and Contractors. The last time construction unemployment reached 4.5 percent in October was in 2006, the ABC says. The October 2017 rate was […]

December 4, 2017

Dealers

Equipment Roundup: Cat unveils Next Gen excavators; Chevy unveils Colorado ZR2 AEV; <75 hp engine technology; Inside Cat 988K XE development; The best GM trucks of SEMA 2017

Cat unveils 3 20-ton Next Gen excavators: ‘Platform for the future’ boasts new hydraulic tech, remote start from phone app How cool is this: An excavator that you can start with an app on your smart phone. That’s just a tiny fraction of the digital razzle-dazzle Cat showed us last week in the most significant […]

November 28, 2017

Dealers

Business Roundup: Deere opens Miami parts center; Kobelco adds dealers, makes promotions; Former JCB CEO now at Terex; New Wash. H&E branch

Deere opens Miami parts center to serve Latin America John Deere has opened a Regional Distribution Center in Miami. The 115,000-square-foot parts facility will serve all Latin America countries, with the exception of Brazil, Argentina and Mexico, which have their own in-country centers. To read more, click here. Kobelco adds four mini-excavator-only dealers Kobelco Construction […]

November 21, 2017

Workforce

Construction adds 11,000 jobs in October

The U.S. construction industry added jobs for a third consecutive month in October. The industry added 11,000 workers to bring total employment to 6.930 million Americans, according to preliminary data from the Labor Department. October’s total employment figure represents a 3-percent improvement in the number of positions filled over the October 2016 figure. The October […]

November 7, 2017

Business

Construction spending dips 0.3% in September

U.S. construction spending increased 0.3 percent in September to $1.219 trillion and is up 2 percent over the September 2016 total. Total nonresidential spending rose 0.5 percent to $698 billion but remains down 3 percent from the year-ago total. Top percentage increases were conservation and development, up 12.3 percent to $7.4 billion; educational, up 5.4 […]

November 1, 2017

Roadbuilding

NRMCA hires Luke McHugh as senior director Northeast Region paving

The National Ready Mixed Concrete Association (NRMCA) announced the hiring of Luke McHugh as senior director, local paving, for the Northeast Region. In his new role, he will work with NRMCA partners and members to help deliver successful local concrete paving projects and implement strategies that increase the use of various forms of ready-mixed concrete […]

October 27, 2017