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Area of Practice: Lifting and material handling equipment, cranes (overhead, terrain, special), elevating platforms, conveyors. Off-road machinery, earth moving equipment, trench walls stability, drilling equipment. Construction equipment, concrete pouring and vibrating, precast concrete, prestressed concrete production, demolition. Steel structures fabrication, transportation, assembling and erecting, scaffolding. |
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Thursday, November 17, 2005
Shortage of Construction Machinery.
Tudor Hampton in his article “Shortage of Big Machinery Continues Amid Explosive Buying Spree” published in ENR blames low inventories in shortage of construction equipment. “Suppliers keep belts tight after previous recession” he writes.
Construction companies and rental firms bought tons of iron this year, giving vendors little chance to come up for air. "The good news is that I'm sold out," says one manufacturing executive. "The bad news: I'm sold out."
...Vendors love the explosive demand, but low inventories for tires, steel castings and other components have them "in a bit of a scramble mode," said Jim Owens, chairman of Caterpillar Inc., during a recent analyst meeting. Suppliers added little capacity after the market bottomed out in 2002.
AEM forecasts U.S. sales to rise 9.3% in 2006, following this year's 13.9%. Vendors agree that 2006 "looks to be a good year," says J. Neal Ferry, executive vice president of Astec Industries Inc. Others warn a downturn may come in 2007.
... not a surprise that rental rates are on the move. They gained 8% in 2004, 8% in 2005 and are expected to move another 5% next year, according to Daniel Kaplan, a rental industry consultant in Morristown, N.J. Used equipment is getting scarce, too, and producers continue to raise prices on new machines.
Construction companies and rental firms bought tons of iron this year, giving vendors little chance to come up for air. "The good news is that I'm sold out," says one manufacturing executive. "The bad news: I'm sold out."
...Vendors love the explosive demand, but low inventories for tires, steel castings and other components have them "in a bit of a scramble mode," said Jim Owens, chairman of Caterpillar Inc., during a recent analyst meeting. Suppliers added little capacity after the market bottomed out in 2002.
AEM forecasts U.S. sales to rise 9.3% in 2006, following this year's 13.9%. Vendors agree that 2006 "looks to be a good year," says J. Neal Ferry, executive vice president of Astec Industries Inc. Others warn a downturn may come in 2007.
... not a surprise that rental rates are on the move. They gained 8% in 2004, 8% in 2005 and are expected to move another 5% next year, according to Daniel Kaplan, a rental industry consultant in Morristown, N.J. Used equipment is getting scarce, too, and producers continue to raise prices on new machines.
