Aggregates Manager Digital Magazine
Issue link: http://read.dmtmag.com/i/518784
W hile the recovery of the aggregates market has been much more on pace with the turtle, rather than the hare, opera- tor responses in a number of areas indicate that it is indeed well under way. In late 2014, operators responding to the annual Aggregates Manager Forecast Study reported the best business condi- tions results since 2006 responses. This spring, another exclusive Aggregates Manager survey shows that nearly one in two operators plan to increase their equipment spending throughout the next 12 months (see Investing in Iron, page 7). For some, it is a response to market demand. For others, it is need- based after delaying equipment purchases. Regardless of the driving reason, many operators are acquiring new equipment. These forward-looking responses are further supported by lagging data gathered through EDA, a Randall Reilly sister company that collects and tracks units of equipment that are financed. While the data does not include cash sales, it does provide meaningful insight into acquisition trends includ- ing sales, leases, and rentals. For example, EDA records indicate the following (based on industry-related SIC code searches): • The number of new crushing equipment financed in 2014 increased by 41 percent compared to 2013. • More new and used screening equipment was financed in 2014 than during any of the prior five years. • A total of 339 new and 456 used excavators were financed in 2014. • More new wheel loaders (595) than used ones (565) were financed in 2014; it was the first time new units outranked used units financed in more than five years. • For the last 12 months, Texas was the leading state for the number of buyers in each of the five equipment categories tabulated. Learn more about the various trends in a series of equipment-related snap- shots beginning on page 27. Whether you are one of the operators planning to increase new equipment expenditures this year or one who is looking to extend the life of your current mobile fleet, remember the lesson from Aesop's fable: slow and steady wins the race. AGING IRON? An End to JUNE 2015 VOL. 20, NO. 6 aggman.com /AggregatesManager @AggMan_editor Editorial Editor-in-Chief: Therese Dunphy Editorial Director: Marcia Gruver Doyle Online Editor: Wayne Grayson Online Managing Editor: Bobby Atkinson editorial@aggman.com Design & Production Art Director: Sandy Turner, Jr. Advertising Production Manager: Linda Hapner production@aggman.com Construction Media Vice President of Sales, Construction Media: Joe Donald sales@randallreillyconstruction.com 3200 Rice Mine Rd NE Tuscaloosa, AL 35406 800-633-5953 randallreilly.com Corporate Chairman: Mike Reilly President and CEO: Brent Reilly Chief Operations Officer: Shane Elmore Chief Financial Officer: Russell McEwen Senior Vice President, Sales: Scott Miller Senior Vice President, Editorial and Research: Linda Longton Vice President, Events: Stacy McCants Vice President, Audience Development: Prescott Shibles Vice President, Digital Services: Nick Reid Vice President, Marketing: Julie Arsenault For change of address and other subscription inquiries, please contact: aggregatesmanager@halldata.com. by Therese Dunphy, Editor-in-Chief tdunphy@randallreilly.com Aggregates Manager TM magazine (ISSN 1552-3071) is published monthly by Randall-Reilly, LLC copyright 2015. Executive and Administrative offices, 3200 Rice Mine Rd. N.E., Tuscaloosa, AL 35406. Subscription rates: $24 annually, Non-domestic $125 annually. Single copies: $7. We assume no responsibility for the validity of claims of manufacturers in any advertisement or editorial product information or literature offered by them. Publisher reserves the right to refuse non-qualified subscriptions. Periodical circulation postage paid at Tuscaloosa, Alabama and additional entries. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by an information storage retrieval system, without written permission of the copyright owner. POSTMASTER: Send all UAA to CFS. (See DMM 507.1.5.2); NON-POSTAL AND MILITARY FACILITIES: send address corrections to Aggregates Manager, 3200 Rice Mine Road N.E., Tuscaloosa, AL 35406. W hile the recovery of the aggregates market has been much more on pace with the turtle, rather than the hare, opera- tor responses in a number of areas indicate that it is indeed well under way. In late 2014, operators responding to the annual Aggregates Manager Forecast Study reported the best business condi- Aggregates Manager Forecast Study reported the best business condi- Aggregates Manager Forecast Study tions results since 2006 responses. This spring, another exclusive Aggregates Manager survey shows that nearly one in two operators plan to increase their Manager survey shows that nearly one in two operators plan to increase their Manager equipment spending throughout the next 12 months (see Investing in Iron, page 7). For some, it is a response to market demand. For others, it is need- based after delaying equipment purchases. Regardless of the driving reason, many operators are acquiring new equipment. These forward-looking responses are further supported by lagging data gathered through EDA, a Randall Reilly sister company that collects and tracks units of equipment that are financed. While the data does not include cash sales, it does provide meaningful insight into acquisition trends includ- ing sales, leases, and rentals. For example, EDA records indicate the following (based on industry-related SIC code searches): • The number of new crushing equipment financed in 2014 increased by 41 percent compared to 2013. • More new and used screening equipment was financed in 2014 than during any of the prior five years. • A total of 339 new and 456 used excavators were financed in 2014. • More new wheel loaders (595) than used ones (565) were financed in 2014; it was the first time new units outranked used units financed in more than five years. • For the last 12 months, Texas was the leading state for the number of buyers in each of the five equipment categories tabulated. Learn more about the various trends in a series of equipment-related snap- shots beginning on page 27. Whether you are one of the operators planning to increase new equipment expenditures this year or one who is looking to extend the life of your current mobile fleet, remember the lesson from Aesop's fable: slow and steady wins the race. AGING IRON? AGING IRON? An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to An End to AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? AGING IRON? An End to AGING IRON? An End to JUNE 2015 VOL. 20, NO. 6 aggman.com aggman.com /AggregatesManager /AggregatesManager @AggMan_editor @AggMan_editor Editorial Editor-in-Chief: Therese Dunphy Therese Dunphy Editorial Director: Marcia Gruver Doyle Marcia Gruver Doyle Online Editor: Wayne Grayson Wayne Grayson Online Managing Editor: Bobby Atkinson Bobby Atkinson editorial@aggman.com Design & Production Art Director: Sandy Turner, Jr. Sandy Turner, Jr. Advertising Production Manager: Linda Hapner Linda Hapner production@aggman.com Construction Media Vice President of Sales, Construction Media: Joe Donald Joe Donald sales@randallreillyconstruction.com 3200 Rice Mine Rd NE Tuscaloosa, AL 35406 800-633-5953 randallreilly.com randallreilly.com Corporate Chairman: Mike Reilly President and CEO: Brent Reilly Chief Operations Officer: Shane Elmore Chief Financial Officer: Russell McEwen Senior Vice President, Sales: Scott Miller Senior Vice President, Editorial and Research: Linda Longton Vice President, Events: Stacy McCants Vice President, Audience Development: Prescott Shibles Vice President, Digital Services: Nick Reid Vice President, Marketing: Julie Arsenault For change of address and other subscription inquiries, please contact: aggregatesmanager@halldata.com. by Therese Dunphy, Editor-in-Chief tdunphy@randallreilly.com Aggregates Manager TM magazine (ISSN 1552-3071) is published monthly by Randall-Reilly, LLC copyright 2015. Executive and Administrative offices, 3200 Rice Mine Rd. N.E., Tuscaloosa, AL 35406. Subscription rates: $24 annually, Non-domestic $125 annually. Single copies: $7. We assume no responsibility for the validity of claims of manufacturers in any advertisement or editorial product information or literature offered by them. Publisher reserves the right to refuse non-qualified subscriptions. Periodical circulation postage paid at Tuscaloosa, Alabama and additional entries. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by an information storage retrieval system, without written permission of the copyright owner. POSTMASTER: Send all UAA to CFS. (See DMM 507.1.5.2); NON-POSTAL AND MILITARY FACILITIES: send address corrections to Aggregates Manager, 3200 Rice Mine Road N.E., Tuscaloosa, AL 35406. EDITORIAL • 5