Business news 8/24/18

Aug. 24, 2018

ARA rental revenue forecast gains strength

Aug. 13, 2018—The American Rental Association (ARA), for the second quarter in a row, is projecting larger increases in revenue almost across the board for the equipment and event rental industry than it did in the previous five-year forecast released in May. The July 2018 forecast from ARA Rentalytics calls for total U.S. rental revenue of $53.04 billion in 2018, up 7.6%, and then growing 5.8% in 2019, 5.9% in 2020, 5.1% in 2021 and 4.7% in 2022 to reach $65.4 billion. The May forecast called for total U.S. rental revenue of $52.3 billion in 2018 growing to $64.1 billion in 2022.

Hunter Station Bridge receives regional America’s Transportation Award

August 10, 2018—Dewberry, a privately held professional services firm, has announced that the Hunter Station Bridge rehabilitation and replacement project in Tionesta Township, Penn., has been awarded the Best Use of Technology and Innovation in the medium category in the Northeast region of the 11th annual America’s Transportation Awards competition. Dewberry served as the prime consultant for the $24.2-million project that replaced the existing bridge that carries U.S. Rte. 62 over a designated wild and scenic stretch of the Allegheny River. The firm provided preliminary engineering services, including an in-depth inspection of the 1,050-ft-thru-truss bridge to evaluate rehabilitation versus replacement options and direction of the environmental studies necessary to secure NEPA approval. The completed project includes innovative safety measures such as high-friction surface treatment, which is a special asphalt mix that enhances traction, and a beveled pavement “safety edge” making vehicles less susceptible to road-departure crashes. Design features and construction techniques that reduced impacts to the sensitive aquatic habitat include a bridge deck drainage system that discharges to infiltration beds on the river banks and the use of single-shaft pier foundations. Prior to construction the endangered mussels located in the direct impact areas of the project were relocated to other suitable habitats within Pennsylvania and several other states.

Matt White joins BOMAG as manager for milling and reclamation

August 8, 2018—BOMAG Americas Inc. announces that Matt White has joined the BOMAG team as manager, milling & reclamation. In this newly developed role, White will work with North American territory managers, distributors and end-users to develop programs designed to achieve growth objectives and improve customer support for BOMAG cold milling machines, recyclers and stabilizers. White possesses an extensive “hands-on” customer support background, bringing to BOMAG nearly 10 years of asphalt equipment sales, application and after-sales support experience. Additionally, he has invaluable work-related experience with both an equipment distributor and manufacturer. White began his career providing service and after-sales support for milling machines, stabilizers and recyclers with a global equipment manufacturer. He then moved to a Texas-based distributor, where he had sales and service department leadership responsibilities, and most recently, served as product specialist for asphalt and road building equipment, with a strong emphasis in milling and reclaiming/stabilization.

Fleet Leasing Industry Veteran Jon Keller Named Fleet Advantage’s Senior Vice President of Sales

August 7, 2018—Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management announced today it has named Jon Keller as senior vice president of sales. Keller is a seasoned sales veteran with extensive knowledge and experience in fleet leasing, asset management, and lifecycle cost management. Keller comes to Fleet Advantage from Merchants Fleet Management where he most recently served as vice president sales, east, responsible for managing sales representatives in over a dozen states focused on business development and customer retention strategies. His expertise in fleet leasing will be valuable to Fleet Advantage clients who rely on the company for continuous strategic counsel on lifecycle asset management, cost reduction, financing and remarketing programs that maximize bottom line profit potential for their fleet organizations. A graduate of Ohio State University, Keller’s vast sales experience also includes ten years with GE Capital where he began as a sales representative and grew his role into multiple sales management positions.

USGS ranks CEMEX Quarries among top 3 crushed stone producers in U.S.: Balcones and FEC

August 6, 2018—CEMEX, a global building materials company, today announced the U.S. Geological Survey (USGS) identified CEMEX’s Balcones Quarry in New Braunfels, Texas, and FEC Quarry in Miami, Fla., as two of the top crushed stone production operations in the U.S., further demonstrating the company’s leadership position in aggregate production. The USGS also ranks CEMEX sixth overall in the U.S. as a company for crushed stone production volume. USGS statistics rank CEMEX’s Balcones Quarry first in the nation in terms of crushed stone production based on the latest volume figures from 2016. Balcones Quarry had previously captured the same top spot using 2015 volumes. CEMEX’s FEC Quarry moved up a spot in the USGS rankings, jumping to third on the list for crushed stone production operations processing more than 8 million tons annually. The award-winning quarry was previously fourth on the USGS list and provides critical aggregates for new buildings and infrastructure projects across Florida.