Wells Fargo Construction Quarterly Report

Wells Fargo Equipment Finance

From the corner office

John Crum, National Sales Manager
Wells Fargo Equipment Finance — Construction Group

Well into the second quarter of 2017, the industry is moving along at a very brisk pace. How brisk depends on the particular sector that your business is focused, but on the whole, sales trends are positive for most companies.

Read more about construction activity

 

Business sense

Peter Gregory, Senior Vice President and Group Leader,
Inventory Finance and Manufacturer Programs

I wrote an article last fall for our Construction Quarterly newsletter with some comments on the construction market’s recovery since the great recession. Nine months later, and with a new administration in place, we thought it might be a good opportunity to look back on where we saw things then and where we see them now, with a look forward over the next 9 to 12 months.

Read more about recession recovery

Customer spotlight

Rock Road, a customer of Wells Fargo Equipment Finance

Founded in 1913, by William James Kennedy and his brother, the company now known as Rock Road Companies, Inc., began with a wagon and a team of horses, rented out to haul commodities along developing railroads in Kentucky and Indiana. During the Great Depression, with a farm located in Footville, Wisconsin, the company evolved to being a sand and gravel provider for public works projects at the federal and state level, while also boarding workers at the farm.

Read more about the Rock Road and WFEF relationship

2017 Construction Industry Forecast

The 2017 Construction Industry Forecast report shows contractors and equipment distributors have a positive outlook for 2017. View the full report to find out when they expect construction activity — from equipment purchase intentions to rental trends — to pickup.

View the full report