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January 23, 2013 • Vol. XXV • No. 2 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
ELFA Reveals 2013’s Trends in Acquisition
When Digging a Ditch Won’t Work…8
The Cliffs at Mountain Park Golf Course is in the final stages of grassing and is expected to open in the fall of 2013.
Martin & Martin Founder Dies…26
S.C. Golf Course Built to High Environmental Specifications By Cindy Riley CEG CORRESPONDENT
Vol vo Earns I nnova tion Award …3 4
Table of Contents ............4
Situated on the banks of the North Saluda River, The Cliffs at Mountain Park Golf Course will showcase the area’s natural beauty while incorporating the highest environmental standards when it opens next year. Located in Traveler’s Rest, S.C., the recently completed, Gary Player-designed 18-hole golf course is part of the 5,000-acre Mountain Park private residential community on the southernmost edge of the Blue Ridge Mountains. “Designing and building a golf course is much more complex than people might think,” said Scott Ferrell, president of Gary Player Design. “The fundamental key is putting together an experienced team with the client and establishing a vision for all to follow. There are so many technical issues, starting with routing the golf course on a given piece of land properly, to gradsee GOLF page 40
Business Calendar ........28 Paving Section ........45-57
The Equipment Leasing and Finance Association (ELFA), which represents the $725 billion equipment finance sector, revealed its Top 10 Equipment Acquisition Trends for 2013 on Jan. 14. Given that every year U.S. businesses, nonprofits and government agencies spend in excess of $1.2 trillion in capital goods or fixed business investment (including software), financing more than half of those assets, these trends impact a significant portion of the U.S. economy. Businesses considering acquiring equipment this year will consider numerous end-user benefits while weighing continued uncertainty related to economic conditions and fiscal policies. ELFA President and CEO William G. Sutton said, “Equipment acquisition plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors. We have distilled recent research data, including the Equipment Leasing & Finance Foundation’s 2013 Equipment Leasing & Finance U.S. Economic Outlook Report and U.S. Equipment Finance Market Study 2012-2013, industry participants’ expertise, and member input from ELFA meetings and conferences to provide our best insight for the top 10 Equipment Acquisition Trends for 2013.” see ELFA page 24
Construction Sector Adds 30,000 Jobs in Dec.
Parts Section ............59-60 Auction Company Profiles Section ......................63-81 Advertisers Index ..........82
Construction employers added 30,000 jobs in December while the industry’s unemployment rate hit 13.5 percent, according to an analysis of new federal data released Jan. 4 by the Associated General Contractors of America. Association officials noted that the
monthly increase was the largest in nearly two years, driven primarily by increases in private sector demand for construction. “Resurgent demand for new housing construction and modest growth in private commercial construction are helping create some
new construction jobs,” said Ken Simonson, the association’s chief economist. “Now that the threat of the fiscal cliff has been — temporarily — relieved, construction employment should continue to slowly rise in 2013.” Construction firms employed
5.564 million people in December, up from 5.534 million in November, Simonson noted, an increase of 0.5 percent. However, the sector's overall employment in December was only 18,000, or 0.3 percent, higher than one year earlisee EMPLOYMENT page 67