CED

February 2015

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February 2015 | Construction Equipment Distribution | www.cedmag.com | 17 February 2015 | Construction Equipme me me me ment nt D nt n istribution | www.cedmag.com om m m m m | 17 in the news Michael D. Brennan has been named president and chief operating of Bramco. Brennan has served Bramco in the capacity of executive vice president since 2001 with increasing responsibilities including his appointment as COO in 2013. Brennan is a Board member of Bram- co, Inc., a retiring board member of AED, and serves on the board of the Trinity High School Foundation. Bramco has 14 full-service branches throughout Kentucky, Indiana, Tennessee and northern Mississippi. Wajax Corporation, recently appointed omas Alford to its Board of Directors. He is an independent businessman and former senior execu- tive with over 34 years of experience in the western Canadian oil and gas industry. Wajax also announced that Richard Plain, senior vice president, Power Systems, has elected to leave the corporation to pursue other oppor- tunities and that Michael Gross has been appointed to succeed him. Gross is a senior executive with 30 years of experience in industrial sales, manu- facturing and service. He began his business career in 1984 with Siemens AG Germany, and then went on to hold increasingly senior positions within the Siemens group of compa- nies in Germany and Canada. Kobelco Construction Machinery Co., Ltd. announced it will construct a hydraulic excavator production factory in South Carolina. e new factory will be incorporated into its North American subsidiary, Kobelco Construction Machinery U.S.A. Inc. (KCMU). e construction timeline calls for site preparation to begin in April 2015 and construction to be completed in December. In January 2016, annual production of 1,800 units of the 20t model is expected to begin. Special machines and mini excavators will continue to be supplied from Japan. Kobelco Construction Machinery re-entered the U.S. market in late 2013, and its distribution network has grown to include 62 companies, 52 in North America and 10 in South America. Kubota Tractor Corporation will open a 450,000 square foot, state-of-the-art Parts Distribution Center in Edgerton, Kan. e new Parts Distribution Center is expected to streamline our operations and improve parts delivery support. e Edgerton site for the new facility was a strategic decision by Kubota management, given its central location within the U.S. Kubota's current divisional parts operations located in Suwanee, Ga., Fort Worth, Texas, Columbus, Ohio, and Lodi, Calif., which will continue to provide regional support to local Kubota dealers. Kubota plans to have the facility opera- tional during the third quarter of 2015. DLL, a provider of asset based finan- cial solutions, recently announced its Global Program Agreement with Astec Industries and its family of companies. is arrangement strengthens DLL's presence in the Energy, Infrastructure and Aggregate/ Mining markets. On. Dec. 22, Caterpillar Inc. Chair- man and CEO Doug Oberhelman rang the opening bell on the New York Stock Exchange (NYSE) to mark the 85th anniversary of the company's listing on the NYSE. Of the approxi- mately 3,200 companies listed on the NYSE, Caterpillar is among only 2 percent that have been listed for 85 years or more. Caterpillar celebrates its 90th anniversary in 2015. (continued on next page) Michael D. Brennan Industry Scores Victory – Hours of Service Restart Provisions Placed on Hold Buried in t he 1,6 03 -page, $1.1 trillion legislation keeping most of the government funded well into next year is a special present for groups concerned with the Federal Motor Carrier Safety Administration's (FMCSAs) new hours of service (HOS) regulations. e so-called "CRom- nibus," avoided another government shutdown and contained relief from the HOS "restart rule." e legislation reverts back to the restart provisions in effect from 2003 to 2013. Specifically, the legislation suspends the requirement that all qualifying restarts contain two consecutive rest periods of time between 1 a.m. and 5 a.m., and that a restart may only be used once every seven or eight days, depending on the how the work week is measured. Drivers may once again restart their weekly hours by taking at least 34 consecutive hours off- duty, regardless of whether or not it includes two periods of time between 1 a.m. and 5 a.m. A driver can also utilize the restart more than one time per week, if necessary. e new provision went into effect Dec. 16, 2014, and will last until Sept. 30, 2015, the end of the fiscal year. AED will continue to work with our allies at the American Trucking Associations and on Capitol Hill to ensure equipment distributors aren't adversely impacted by the HOS regulations.

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