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December 25, 2013 • Vol. XXV • No. 26 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
Volvo Group Agrees to Sell Volvo Rents
The entire project is slated to last 28 months, or until the middle of August 2015.
weekdays. In order to improve the situation, albeit to a small degree, the Virginia Department of Transportation has begun working on a 7-mi. (11.3 km) stretch of I-95 in Prince William County, approximately 25 mi. (40.2 km) south of the nation’s capital. Work began in April on a project designed to construct auxiliary lanes and widen the shoulders of the
As part of efforts to focus on its core business, the Volvo Group has agreed to sell Volvo Rents to the U.S. private equity firm Platinum Equity for $1.1 billion. Volvo Construction Equipment will continue to sell products to Volvo Rents under the new ownership. Volvo Rents offers rental of a range of machines intended for the construction and engineering industry, including Volvo Construction Equipment (Volvo CE) products. Volvo Rents has operations in the United States, Canada and Puerto Rico and 2,100 employees. Platinum Equity is a Californiabased investment firm with experience of investing in the equipment rental market. “We looked at different alternatives to grow Volvo Rents’ business and concluded that the best alternative is to sell the operation to another owner,” said Olof Persson, Volvo group president and CEO. All Volvo Rents’ employees will remain with the company and Volvo
see I-95 page 70
see VOLVO page 91
Powerscreen Mid-Atlantic Hosts Demo Events…8
Drillers’ Choice Expands With Komatsu Purchases…12
I-95 Set to Relieve Mind-Numbing Traffic Delays for Washington, D.C. By Eric Olson CEG CORRESPONDENT
Linder Celebrates 60 Years in Business…37
Table of Contents ................4 Underground Utility, Trenchers & Trench Boxes Section ..........................45-48
Anyone who has ever had to drive into or out of Washington, D.C., in particular along the I-95 corridor, has experienced the almost mind-numbing traffic backups and delays common to the area. Bumper-to-bumper traffic can be found at every compass point in and around the city, particularly on
U.S. Supreme Court Rules in Favor of ASA
Paving Section..............53-66 Parts Section ....................67 Business Calendar ............84 Auction Section ..........86-97 Advertisers Index ..............98
In a victory for construction subcontractors, the U.S. Supreme Court preserved the 24 state laws limiting the validity of forumselection clauses in construction contracts in its ruling on Dec. 3 in Atlantic Marine Construction Co. Inc. v. United States District
Court for the Western District of Texas, et al. The American Subcontractors Association filed an amicus brief in the case in August, telling the Supreme Court that a poor decision “… would compel federal courts to disregard: (1) the law of the state where the project was
located, and (2) the legitimate policy concerns those laws were designed to address.” The Supreme Court said that when a federal court considers the forum for a case, “the court should not consider the parties’ private see ASA page 91