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Equipment Update

RR111319 equipmentNov. 13, 2019 – According to Rouse's October 2019 Equipment Report, values through the third quarter of 2019 for general construction and heavy earthmoving equipment have softened in the auction channel. Conversely, there have been some bright signs in the retail channel where values have been between flat and slightly improved. This trend first surfaced in February’s major auction events. Heavy earthmoving products were the first to be impacted, with observed downward pressure on excavator values and – to a lesser extent – dozers and wheel loaders. As the year progressed, similar patterns have appeared across general construction products, namely aerial equipment, telehandlers. and light and medium earthmoving equipment. The downward trend in equipment values comes on the back of very strong results in 2018, which represented a market peak for many products. In addition to the price weakness in the used equipment markets, Rouse has observed a notable spike in volumes (units) of equipment that has been coming for sale into the auction channel.

Read more: Equipment Update

Hire a Vet

RR111119 VetNov. 11, 2019 – Today is Veteran's Day. Aggregates operations, construction companies and manufacturers are all in the same boat when it comes to labor. Finding good people is difficult. One idea is to explore the new world of veteran recruitment. If you think that you’ve tried it, it doesn’t work for you, or there is no one to recruit in your area, then you simply aren’t up to date, according to the Association of Equipment Manufacturers (AEM). Many companies find veterans to be more productive employees with lower turnover rates when compared to their non-veteran counterparts. Additionally, their past military background can give veterans distinctive capabilities and perspectives that can add insight and diversity to your team’s problem solving. Employers can also qualify for up to $10,000 in federal tax credits per veteran. And certainly the public relations benefits of caring for our veterans builds goodwill in the community. Read more about AEM's efforts to hire veterans here

Read more: Hire a Vet

Elevate was Great

RR110719 ElevateNov. 7, 2019  – Command Alkon's Elevate Conference in Chicago was a great experience, with plenty of technology to see and excellent face time with industry professionals. I had the privilege of leading a group discussion focusing on industry technology and the use of Command Alkon products at aggregates operations with IT specialists from Vulcan Materials, Graniterock and Midwest Concrete Materials. Look for a feature in an upcoming Rock Products magazine.

Read more: Elevate was Great

Wasserman to Speak at NSSGA Event

RR110619 WassermanNov. 6, 2019 – David Wasserman, U.S. House editor and senior election analyst for the non-partisan Cook Political Report, will speak at the the National Stone, Sand and Gravel Association (NSSGA) Legislative & Policy Forum General Session on Nov. 18. Wasserman notably authored in his pre-election analysis of 2016 how Trump could win the White House while losing the popular vote.

Read more: Wasserman to Speak at NSSGA Event

Summit: Behind the Numbers

RR103119 SummitLogoOct. 31, 2019 – Summit Materials reported third-quarter numbers, and aggregates net revenues increased by 25.5% to $137.5 million in the third quarter 2019, when compared to the prior-year period. Organic aggregates sales volumes increased 11.4% in the third quarter 2019, when compared to the prior-year period on higher organic volume growth in both the East and West segments. Operating income across product lines in those segments were discussed in the report.

Read more: Summit: Behind the Numbers