Wednesday, December 18, 2013

ELFA Produces 2014 U.S. Economic Outlook

ELFA Produces 2014 U.S. Economic Outlook | Industry News

Investment in equipment and software is expected to grow 3.1% in 2014 as economic conditions solidify and business confidence continues to recover, according to the annual 2014 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. Equipment investment is expected to grow across most verticals, as underlying economic fundamentals continue to improve. Overall in 2014, growth is forecast to be mixed, with some sectors outperforming others. The foundation’s report, which is focused on the $827 billion equipment leasing and finance industry, forecasts 2014 equipment investment and capital spending in the United States and evaluates the effects of various related and external factors in play currently and into the foreseeable future. The report will be updated quarterly throughout 2014.
William G. Sutton, CAE, president of the foundation and president and CEO of the Equipment Leasing and Finance Association, said: “Looking into 2014, businesses will be making financing decisions in a dynamic environment. While the threat remains that policy uncertainty could negatively impact the U.S. economy and capital investment, potential stability in the federal budgeting process and an increase in GDP growth will drive up demand for equipment finance.”
Highlights from the study include:
•  The U.S. economy is expected to grow 3.0% in 2014, the fastest pace since the 2008-09 recession. Assuming there is a solution to the current budget discussions, economic growth will be driven by a number of positive factors. Specifically, a strong housing market recovery, falling natural gas prices, robust auto sales, record high household wealth, steadily improving credit availability, and improving employment.  However, these positive trends are counter-balanced by high oil prices, slow international growth, moderating fiscal consolidation and the continued threat of policy uncertainty.
•  In 2014, more dependable economic growth will help to generate stronger overall investment in equipment and software. Additionally, a rising interest rate environment could induce companies to lock in lower rates. Overall, these trends could yield a positive result for the equipment finance industry.

Trends in equipment investment include:
•  Agriculture equipment investment is expected to remain weak on a quarter-to-quarter basis, and is projected to decline by 4% in 2014.
•  Computers & Software investment is expected to continue growing at the current below average rate.  Annual growth should be in the 2% to 4% range during Q4 of 2013.
•  As expected, construction equipment investment declined in Q3 of 2013, falling 2.8% year-over-year.  After reaching record-levels of investment in 2013, this vertical will likely decline by 5% to 10% in 2014.
•  Industrial equipment investment accelerated to 5.0% annual growth in Q3, and is expected to maintain a steady growth trend going forward.  Employment, new orders, and earnings data point to a positive 2014.
•  Medical equipment investment grew in Q3 but the sector’s leading indicators suggest little to no growth going forward.
•  Transportation equipment investment saw modest growth in the third quarter, and improving indicators point stronger momentum over the next six to 12 months.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economics and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six-month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook and key economic indicators. The report will be updated quarterly throughout 2014.

Thursday, October 24, 2013

Elevating Safety - Emerging Trends in Operator Training

Our friends over at Lift And Access offer these excellent safety training opportunities online:

The SAF-T Web Conference returns in October, bringing you information on powered access training and safety.

During this presentation, Scott Owyen, training manager, global marketing for Terex Aerial Work Platforms, will provide a realistic look at aerial work platform training requirements and the challenges of providing high-quality operator training in an extremely diverse culture. Challenges such as language barriers, literacy, and even comprehension can be overcome with the adaptation of simple concepts that will be discussed in this session. Owyen will discuss several new tools that have emerged that will make it even easier to ensure that operators receive a high quality training experience.

Webinar Registration

Tuesday, August 27, 2013

Critical lifting, training - 2013 Crane & Rigging Conference Canada

Conference Update 
Save the Date! CRC Canada will return to Edmonton, October 22-23, 2013
Learn about:

  • Critical and Heavy Lifting
  • Rigging
  • Overhead Cranes
  • Standards
  • Training and more

Sessions are suited for crane and rigging supervisors, facilities managers, safety personnel, and contractors.

MCM Events, the conferences and events division of Maximum Capacity Media, has announced that its third Crane & Rigging Conference (CRC) Canada will take place October 22-23, 2013 at the Edmonton Marriott at River Cree Resort, Alberta.

Competency dominated discussions during the second annual CRC Canada, at Edmonton’s Sutton Place Hotel in mid-September, which also featured the inaugural meeting of the Canadian Hoisting & Rigging Safety Council (CHRSC), which had its genesis at the first conference in the region the previous October.

Tuesday, July 30, 2013

iP Utility Safety Conference & Expo

Incident Prevention Utility Safety Conference & Expo

Louisville, KentuckyKentucky Exposition Center
9/30 - 10/2/2013
A must attend event for safety leaders:
  • Industry Expert Presenters
  • Co-located with ICUEE
  • Hands-on Education
  • Informative Panel Discussions
  • Utility Industry Networking
Register Here

Monday, July 15, 2013

Safe Access, Fall Protection & Training (SAF-T) Conference after SAIA 2013 Annual Convention

Join Us At The SAF-T Conference
               July 24, 2013 - Nashville, Tenn.                
 Live Safe Access, Fall Protection & Training (SAF-T) Conference 

In cooperation with the

The one-day SAF-T Conference is scheduled for July 24, 2013, immediately following the SAIA 2013 Annual Convention at the Renaissance Nashville Hotel in the heart of downtown Music City.

2013 SAIA Annual Convention and Exposition will be coming to you on July 21-24 in Nashville.