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May 31, 2014 • Vol. IX • No. 11 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215/885-2900 • Toll Free 800-523-2200 • Fax 215/885-2910
Inside
Colorado’s Meeker Airport Sees Blue Sky The project, which was awarded to Fiore & Sons Inc., Denver, Colo., was a two-stage project with a contract value of $12.5 million.
GOMACO Awards ROMCO and Closner...8
By Jeff Winke Terry Equipment Makes Top Ten List...8
CEG CORRESPONDENT
Located in Meeker, Colo., and
serving the area for air transportation is Meeker Airport, a CII (the FAA designation of C-II means the airport can accommo-
date aircraft with wingspan of less than 79 ft. [24 m]) general aviation airport. The airport is critical to residents and business-
es in Rio Blanco County, a small town tucked in the northwest corner of Colorado, which see AIRPORT page 22
JCB Delivers Third Honolulu Rail-Line Work Highest Profit Ever Delays Cost $76 Million Nearly 4,000 At tend Ritchie Bros. Sale...46
Table of Contents ............4 Truck & Trailer Section ...... ..................................11-13 Attachment & Parts Section ......................15-19 Recycling Section ....31-39 Auction Section ........43-51 Business Calendar ........49 Advertisers Index ..........50
JCB achieved its third most profitable year in its 68-year history in 2013, the company announced. Earnings stood at $529 million on an EBITDA basis (2012: $616 million) on turnover of $4.53 billion (2012: $4.56 billion). JCB’s machine sales stood at 66,227 (2012: 69,250). “The global market for construction equipment was more challenging throughout 2013, but I am delighted that, despite difficult market conditions, JCB delivered a strong performance and achieved the third highest profit in its history,” said JCB Chairman Lord Bamford. “Turnover remained virtually unchanged year-on-year, but volume and earnings were adversely affected by a slowdown in emerging markets, notably India, where JCB has a strong presence. This was further compounded by adverse currency movements in some economies. “Turnover growth in the UK, Middle East and Africa during 2013 helped to offset reductions in India, Europe and the Far East. see JCB page 28
HONOLULU (AP) Construction delays related to Honolulu’s awarding of rail contracts before it had all the necessary federal approvals have cost taxpayers $76 million so far. The costs are tied to three contracts awarded to Kiewit Infrastructure West Co. and its joint venture, Kiewit Kobayashi, between 2009 and 2011, the Honolulu Star-Advertiser reported. The firms hired staff, set up offices and acquired construction equipment after deals were signed. But they had to wait as long as 22 months to start work because it took the city until February 2012 to get all the federal approvals it needed. The city decided to award the construction contracts at an early stage in part because it wanted to “demonstrate
to the public that tangible progress was being made’’ on rail, according to a December 2011 letter from the city to the Federal Transit Administration. Honolulu Authority for Rapid Transportation board members agreed to pay Kiewit and Kiewit Kobayashi $34.4 million as part of the change orders. That brought the total for the delays to $76 million. The city had set aside $32.5 million, apart from its main contingency fund, to cover the most recent payouts, rail officials disclosed. Previously, officials had declined to reveal how much they had budgeted for those payments, citing negotiations with Kiewit. While the $32.5 million covers Kiewit’s claims for delays up until see DELAYS page 28