Reman Solutions will offer additional components through this service in the future, including electronic components. For more information, contact an Ingersoll Rand road development dealer.
Producer Prices Drop in September
AGC: ‘Inflation vacation' likely to be short-lived
"Inflation took a vacation in September for most of the economy but remains a problem for construction materials," Ken Simonson, chief economist for The Associated General Contractors of America (AGC), says. Simonson was commenting on the October 17 producer price index (PPI) report from the Bureau of Labor Statistics.
"Plunging petroleum prices drove down the overall producer price index and moderated the increase in the PPI for construction materials and components," Simonson comments. "The PPI for finished goods plunged 1.1 percent for the month, before seasonal adjustment, and was up only 0.9 percent compared to September 2005. But the PPI for construction materials and components rose 0.3 percent, the same as in August, and had a year-over-year increase of 8.1 percent, nine times as much as the overall index.
"The 12-month increase for most construction inputs was milder than in the August report but still hard for contractors to either absorb or pass on," Simonson says. "For instance, the PPI for copper and brass mill shapes soared 75 percent from September 2005 to September 2006. Other large gains included asphalt paving mixtures, 33 percent; steel mill products, 23 percent; and gypsum and plastic construction products, 19 percent each.
"But two factors leave construction vulnerable to greater upward price pressure than the economy as a whole," Simonson explains. "First, the industry must generally use a fixed quantity of materials, unlike manufacturers that can make products smaller and lighter, or service businesses that use few materials. These materials are often in high demand worldwide, with limited supplies. Second, materials must be physically delivered, making them subject to high freight and fuel costs, as well as transportation bottlenecks.
"At the moment, falling diesel prices are helping contractors," Simonson concludes. "But I expect construction materials costs over the next year to rise at least 6 to 8 percent, versus 2 to 4 percent for the overall economy."
Maintenance Solution Available
TMTsoftware and Qualcomm integrate
Qualcomm Inc., a provider of business-to-business wireless enterprise applications and services, and TMTsoftware, a provider of fleet maintenance software, have announced the full integration of TMT's TRANSMAN, a maintenance management solution, with Qualcomm's GlobalTRACS equipment management system and OmniTRACS mobile communications system, creating a complete and automatic maintenance management solution that helps to manage the entire fleet maintenance process.
With the integration, TMTsoftware's TRANSMAN system receives hours and location details from the GlobalTRACS system and miles and location details from the OmniTRACS system on a scheduled basis. This integrated solution provides companies complete control over both their assets and workflow processes and significantly improves organizational efficiencies and profitability, because maintenance can be scheduled in a timely manner and only when needed.
The integrated solution is compatible with the GlobalTRACS and OmniTRACS systems already used by businesses worldwide, so construction equipment and transportation fleets can easily add this tool without changing their mobile systems.
Benefits include accurate hour meters and odometer readings for equipment, hours/miles maintenance predictions, automatic maintenance scheduling and timely information. TRANSMAN seamlessly works with back-office applications and is available in Microsoft Windows, iSeries and Internet environments. It also removes redundancies and cuts unnecessary costs such as manual maintenance tracking or logs.