Rosy View From the Operator’s Seat Equipment Financing On Uptick for Second Half of 2023

By Lucy Perry CEG CORRESPONDENT

The equipment finance picture is encouraging, six months after a report indicated it would be a so-so year.

The Equipment Leasing and Finance Association (ELFA) reports that June new business volume was up 6 percent year-over-year. That’s an excellent indicator of a healthy construction industry, one of the leading big-ticket financing sectors.

The association’s Monthly Leasing and Finance Index (MLFI) shows overall new business volume for June was $10.9 billion. Volume was up 15 percent from $9.5 billion in May.Year-to-date, cumulative new see FINANCING page 102

Features

8 AMERICAN SPEARHEADS $125M COMMERCIAL UPGRADE AT JFK

The Port Authority of New York and New Jersey, in partnership with American Airlines and Unibail-Rodamco-Westfield Airports, unveiled plans for a $125 million commercial redevelopment program at JFK International Airport.

12 Scotus Clears Way For Pipeline Construction To Proceed

The Supreme Court on July 27 cleared the way for construction of the Mountain Valley Pipeline to proceed, granting an emergency request from backers of the project that has the support of Congress and the Biden administration.

12 M-NCPPC BUYS VOLVO E- EQUIPMENT TO SUPPORT SUSTAINABILITY

The Maryland-National Capital Park and Planning Commission (M-NCPPC), which includes the Department of Parks and Recreation, Prince George’s County, is adding electric construction machines from Volvo CE to its fleet.

16 VDOT TO OPEN 10 MI. OF I-95 EXPRESS LANES IN AUGUST

The $970 million extension will continue the 95 Express Lanes north of Fredericksburg from the current terminus just south of Va. Highway 610/Garrisonville Road to near Va. 17/Warrenton Road in Stafford County.

16 CULTURE IN CONSTRUCTION: WHY IT MATTERS, HOW TO IMPROVE IT

There is a labor shortage in the construction industry — and it’s not exactly breaking news. Headlines declare that “nobody wants to work anymore” — but is this explanation really at the root of a longstanding, industry-wide issue?

22 Collision Protection To Be Built On Spans Over Delaware River

Construction on the new Delaware Memorial Bridge Protection System is under way, a $93 million effort designed to limit damage to each of the two spans’tower structures as a result of strikes from large, wayward ships and vessels.

22 Topcon Solutions Acquires Boyd Instrument And Supply In Horsham

Pre-construction work is under way on the Interstate 81 Susquehanna Bridges project in northeastern Pennsylvania, a 9-mi. stretch of rebuilding and repair work along I-81 from New Milford Borough north to the New York State border.

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28 CONSTRUCTION STARTS ON I-81 BRIDGES OVER SUSQUEHANNA RIVER

Pre-construction work is under way on the Interstate 81 Susquehanna Bridges project in northeastern Pennsylvania, a 9-mi. stretch of rebuilding and repair work along I-81 from New Milford Borough north to the New York State border.

36 TAKEUCHI ADDS BUTLER EQUIPMENT TO DEALER NETWORK

Butler Equipment is the latest addition to Takeuchi’s growing dealer network following its acquisition of the Takeuchi business previously held by Terry W. Kahle in Knox, Pa.

38 BOBCAT DONATES $250,000 TO PARKS TO PROMOTE SUSTAINABILITY

Bobcat Company has extended five grants, each worth $50,000, to parks across the nation as part of its partnership with the National Recreation and Park Association (NRPA).

106 KREIS RETURNS TO RITCHIE BROS. AS REGIONAL SALES DIRECTOR

In this role, Kreis will be overseeing all of the sales at the company’s Northeast Maryland; North Franklin, Conn.; Chicago, Ill.; and Columbus, Ohio, auction sites as well as assets consigned and sold on IronPlanet.

62 TEREX MP ANNOUNCES PURCHASE OF MARCO CONVEYORS IN MO.

68 VERMEER REIMAGINES DESIGN OF HORIZONTAL GRINDERS WITH HG4000

70 IS CONSTRUCTION INDUSTRY READY FOR DRIVERLESS VEHICLES?

72 EAGLE CRUSHER NAMES NEW MIDATLANTIC DISTRIBUTOR

74 METSO TO ACQUIRE HÄGGBLOM TO EXPAND LOADING, HAULING OFFERING

74 KOMATSU CHANGES MVT-II 600 SIZER AS PART OF REBRANDING STRATEGY

100 COMING

59 MIDDLE RIVER MARINE TAKES DELIVERY OF LIEBHERR LH110

62 FIRM PARTNERS WITH CDE TO MAXIMIZE MATERIAL RECOVERY

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Construction Equipment Guide Northeast Edition (ISSN 1058-787X) is published bi-weekly by Construction Equipment Guide Ltd. Advertising and Editorial Offices are located at 470 Maryland Dr., Ft. Washington, PA 19034. Toll Free 800/523-2200 or Fax 215/885-2910. Annual Subscription Rate $65.00. Call for Canadian and foreign rates.

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Call or write for advertising rates, publication schedule and media kit. The Construction Equipment Guide is not responsible for clerical or printer's errors, every care is taken to avoid mistakes. Photographs of equipment used in advertisements are not necessarily actual photographs of the specific machine. Similar photographs are used occasionally and every effort is taken to depict the actual equipment advertised. The right is reserved to reject any advertising.

SKID STEER LOADERS:

2021 KUBOTA SVL97-2 TRACK SKID STEER, CAB, HVAC, 905 HRS, STD FLOW HYD, HYD COUPLER, 78” BKT, BACKUP CAMERA $78,995

2019 NEW HOLLAND C245 TRACK SKID STEER, 775 HRS, CAB HVAC, 2 SPEED, PILOTS, LOW HOURS, HIGH FLOW, SELF-LEVELING, RIDE CONTROL, RADIO $67,995

2016 NEW HOLLAND L230 SKID STEER, 928 HRS, EXTRA SET OF TIRES & RIMS, CAB, HVAC, REAR CAMERA....................................................................................................................................$39,995

2020 KUBOTA SSU75 SKID STEER, 260 HRS, CAB, HVAC, LIKE NEW $44,995

TLB:

2021 NEW HOLLAND B95C TLB, 139 HRS, CAB, HVAC, 4 IN 1, EXT HOE $107995

UTILITY VEHICLE:

2015 BOBCAT 3650 UTILITY VEHICLE, CAB, HVAC, 205 HRS, HYD DUMP, SANDER & PLOW, NO BUCKET....................................................................................................................................$24,995

WHEEL LOADERS:

2013 DOOSAN DL250-3, 2050 HRS, PIN ON 3.5 YD BKT, NO COUPLER, CAB HVAC $74,995

MISCELLANEOUS:

CASE D450 CRAWLER LOADER, 4 IN 1 YEAR & HRS UNKNOWN $6,000 GROUSER TRACKS FOR SKID STEER, MODEL 14740F-9, FITS TIRE SIZE 12X16.5 $1,250

2009 HARPER DEWEZE 72LC SLOPE MOWER, 756 HRS, YANMAR DIESEL, 72” WIDTH,