Business: Page 182

Infrastructure
Historic Level of Funding Dedicated to Strengthen Port Infrastructure and Supply Chain Resiliency
U.S. Department of Transportation
Under the Bipartisan Infrastructure Law, Port Infrastructure Development Program Grants will receive $450 million, its largest investment ever.
Shunya Koide Y Of 2l Bbg U Unsplash
Infrastructure
What Construction Contractors Need to Know About EV Infrastructure
Building a network of 500,000 electric vehicle charging station by 2030 across the U.S. is the goal set by President Biden. Delivering on that goal will be state agencies and contractors to bid, plan and complete the infrastructure work.
EV charging station at the Visitors Center in Palm Springs, CA.
Business
Volvo Group Invests in Expanded U.S. Uptime Center, Co-Location of Volvo Financial Services HQ
Volvo Group
The $41 million investment will expand the building housing the Uptime Center, as well as serve as new global headquarters for Volvo Financial Services.
Volvo Group North America chairman and Mack Trucks president Martin Weissburg (right) and Volvo Financial Services president Marcio Pedroso (left) announced a $41 million investment to purchase and expand the building housing its U.S. Uptime Center.
Lifting Equipment
Industry Veteran Named Director for JLG Scissor Lifts, Vertical Lifts and Low-Level Access Lifts
JLG Industries Inc.
Bob Begley has joined the company as director of product management for scissor, vertical and low-level access lifts.
Bob Begley
Business
Cummins to Acquire Meritor
Cummins Inc.
The transaction aims to strengthen Cummins’ range of powertrain components and accelerate development of electrified power solutions.
Cummins Meritor
Rental
ARA Predicts Double-Digit Equipment Rental Revenue Increase in 2022
American Rental Association (ARA)
The latest updated quarterly American Rental Association forecast for equipment rental revenue now calls for a 10.2% increase in 2022 to reach $52.7 billion in the United States.
American Rental Association
Rental
Fairchild Equipment Announces New Location in Stevens Point
Fairchild Equipment
Van Clarkson, president of Fairchild Equipment, announced a new location in Stevens Point, Wis., opening Feb. 21.
Fairchild Equipment Stevens Point
Digging Deeper
Caterpillar Expert Examines Equipment’s Ability to Grow Productivity & Close Workforce Gaps
Caterpillar - Cat
Caterpillar’s Jason Hurdis discusses the role construction equipment and related technologies can play in helping to address the industry’s labor and skills gaps by allowing existing workers to do more using these tools.
Digging Deeper Logo
Infrastructure
Industry Fights Potential Federal Gas Tax Suspension
The potential Gas Prices Relief Act would undermine the recently enacted and bipartisan Infrastructure Investment and Jobs Act (IIJA)
La Pol Ca Gas Tax Increase Political Battle 20171031 5a85a75cb23ea
Business
Construction Backlog and Contractor Confidence Both Slide Lower in January
Associated Builders and Contractors Inc. (ABC)
Although the last two months have indicated declining backlog, ABC's chief economist says "the dips are not cause for particular concern."
02172022 Abc Confidence
Equipment
Caterpillar Global Operator Challenge Is Now Bigger and Even More Competitive
Caterpillar - Cat
The three-round contest seeking to identify the world’s best machine operator will incorporate a wider range of construction equipment and take place in nearly 40 countries.
Cat Operator Challenge
Business
Takeuchi Welcomes New Southeast Regional Business Manager
Takeuchi-US
Wenzel will be responsible for managing all sales activity in Alabama, Florida, Georgia and Mississippi.
Eric Wenzel, Southeast regional business manager
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