NAPA Relocates National Headquarters

New, Modern Office Space Incorporates Enhanced Teleconferencing
and Information Technologies to Improve Operations

The National Asphalt Pavement Association (NAPA) has moved to new offices in Greenbelt, Maryland effective September 13, 2019.

NAPA’s new home is a modern, dynamic space that will allow the association to better serve its national membership. With expanded meeting spaces and advanced teleconferencing capabilities, the new headquarters were designed to support greater collaboration between NAPA staff and member committees and task groups, as well as to enhance the quality of NAPA webinars and educational activities.

“This move is part of NAPA’s efforts to increase its operational efficiencies and strengthen its effectiveness,” said NAPA President & CEO Audrey Copeland, Ph.D., P.E. “We are making significant improvements in information technology for the association, and this new space supports those efforts. The asphalt pavement industry is always evolving to meet America’s needs for high-performing pavements, and we too, as an association, must innovate to meet the industry’s challenges and needs.”

“This state-of-the-art facility is built with the industry in mind,” said NAPA Chairman John Harper, Senior Vice President of Construction Partners Inc. in Dothan, Alabama. “The improved technological infrastructure, as well as the convenient location, will boost how NAPA staff connects with the association’s members nationwide.”

“From Greenbelt, NAPA is just minutes away from Capitol Hill and federal agencies, as well as our partner associations in D.C., Maryland, and Virginia,” said NAPA Second Vice-Chair Jim Mitchell, President of Superior Paving Corp. in Gainesville, Virginia, and leader of the task group overseeing the NAPA headquarters project. “Space itself was designed to reflect the industry. The project architects incorporated materials and elements that reflect the materials used by the industry, as well as asphalt pavement production through to the placement of asphalt roads.”

The new offices are located at 6406 Ivy Lane, Suite 350, Greenbelt, MD 20770-1441, with convenient access to the Capital Beltway/I-495, Baltimore–Washington Parkway, and the Washington Metrorail system. Telephone (301-731-4748 or 888-468-6499) and fax (301-731-4621) numbers for the association remain unchanged.

Founded in 1955, NAPA is the only national trade association focused exclusively on the needs and interests of asphalt pavement mixture producers and paving contractors. NAPA has been based just outside Washington, D.C., in Prince George’s County, Maryland, since 1963.

Serving more than 1,100 member companies, NAPA engages with federal lawmakers and regulators, leads research into pavement performance and technological innovations, develops and promotes best practices for safety and quality, and fosters opportunities for peer exchange, leadership development, and education for the industry and its customers.

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About the National Asphalt Pavement Association

The National Asphalt Pavement Association (NAPA) is the only trade association that exclusively represents the interests of the asphalt producer/contractor on the national level with Congress, government agencies, and other national trade and business organizations. NAPA supports an active research program designed to improve the quality of asphalt pavements and paving techniques used in the construction of roads, streets, highways, parking lots, airports, and environmental and recreational facilities. The association provides technical, educational, and marketing materials and information to its members; supplies product information to users and specifiers of paving materials; and conducts training courses. The association, which counts more than 1,100 companies as members, was founded in 1955.

 We Stand, We Salute, We Will Never Forget

We Stand, We Salute, We Will Never Forget

AEM Releases August Ag Equipment Sales Numbers

August 2019 saw increases in U.S. sales of self-propelled combines and 4-wheel-drive tractors as well as total U.S. 2-wheel-drive tractor sales compared to August of last year, according to the latest data from the Association of Equipment Manufacturers (AEM).

U.S. 4-wheel-drive tractor sales increased 19.3 percent in August compared to last year and U.S. August self-propelled combine sales increased 11.5 percent.

Total U.S. sales of 2-wheel-drive tractors in August increased 1.9 percent compared to August last year: under 40 HP 2-wheel-drive tractors increased 2.1 percent, while sales of 40-100 HP tractors decreased 1.4 percent, and sales of 100-plus HP tractors increased 13.6 percent.

For Canada, August 4-wheel-drive tractor sales were flat and self-propelled combine sales decreased 45.4 percent. August 2-wheel-drive tractor Canadian sales were mixed (9.1 percent increase for under 40 HP, 4.2 percent decrease for 40-100 HP, and .5 percent decrease for 100-plus HP).

“Although the numbers are flat to positive for the year, we and the industry remain cautious about the overall Ag economy,” said Curt Blades, senior vice president of Ag Services at the Association of Equipment manufacturers.

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

U.S.:  https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/

Canada:  https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.

As Summer fades

By Greg Sitek

It’s hard to believe that Summer 2019 is fading into history. We are one step closer to a new transportation bill as theSenate’s America’s Transportation Infrastructure Act (ATIA) Committee on July 30 unanimously approved the America’s Transportation Infrastructure Act (ATIA), legislation introduced July 29 by EPW Committee Chairman John Barrasso (R-Wyo.), Ranking Member Tom Carper (D-Del.), Transportation & Infrastructure Subcommittee Chairman Shelley Moore Capito (R-W.Va.) and Subcommittee Ranking Member Ben Cardin (D-Md).  If enacted, the measure would significantly increase funds for highway and bridge improvements from FY 2021 through FY 2025.

According to reports from the American Road & Transportation Builders Association, ARTBA, “The Senate proposal represents the first program reauthorization bill in nearly 15 years that would significantly increase federal investment in highway safety and mobility improvements.

“The committee’s early action is a critical first step in the lengthy legislative process.  It’s also a welcome departure from the series of extensions and years of delay that have plagued the last few surface transportation bills.

“We urge the Senate Commerce, Banking and Finance Committees to take timely action early this fall on their respective policy and financing components of the measure.  Final passage of a bill this year provides a meaningful opportunity for members of Congress and the Trump administration to deliver on the infrastructure investment promise they have been making since the 2016 elections.”

The current FAST Act highway and transit investment law expire Sept. 30, 2020.

There have been reports from Washington that Senate is anxious to have the ATIA passed this year. In some of the articles, I’ve read a target date as early as this September has been suggested. Hopefully, it will get through Congress faster than the FAST Act.

In addition to transportation infrastructure getting attention, the Trump administration recently  announced three regulatory measures with significant impact for highway and heavy construction:

  • The Occupational Safety and Health Administration published a request for information asking the regulated community to help clarify various aspects of the crystalline silica rule.
  • The Federal Motor Carrier Safety Administration (FMCSA) released proposed changes to the federal Hours of Service (HOS) rules, which govern the amount of time truck drivers can spend on the road.
  • An overhaul of the Endangered Species Act includes new limits to where the government can block development by declaring land as “critical habitat.”

“These three developments highlight the administration’s continued focus on removing unnecessary regulatory burdens from the project delivery process,” said ARTBA Vice President of Regulatory & Legal Issues Nick Goldstein. “ARTBA will continue to work with federal agencies to keep advancing beneficial regulatory reforms.”

ARTBA also expects in the coming weeks to hear from the U.S. Department of Transportation about the potential repeal of a federal regulation that prohibits state and local governments from using patented or proprietary products on highway and bridge projects that receive federal funding unless those products qualify for limited exceptions. The rule was adopted in 1916 by the U.S. Department of Agriculture, which then managed the emerging federal-aid highway program.

To address the transportation problems on the local level, there will be higher taxes in some states: The fuel price news will be compounded in a handful of states where excise taxes where hiked just as folks were finalizing their July 4th travel plans.

Drivers in California, Connecticut, Illinois, Indiana, Maryland, Michigan, Montana, Nebraska, Ohio, Rhode Island, South Carolina, Tennessee, Vermont and along one major highway in Virginia will pay more for fuel, primarily gasoline, due to tax increases that took effect on July 1, 2019the start of their fiscal years.

Some were already in the works as phased-in incremental fuel tax hikes. Others are new, large bumps in the fuels’ prices. And a few apply to vehicles that run on diesel instead of gasoline. (Dontmesswithtaxes.com)

This fall could prove to be “legislatively interesting.” You will want to keep informed.

ASV Stockholders Approve Acquisition By Yanmar

ASV Holdings, Inc. (“ASV” or the “Company”) (NASDAQ: ASV), a leading provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, announced that at a special meeting of stockholders held earlier today, ASV’s stockholders voted to adopt the merger agreement pursuant to which ASV will be acquired by Yanmar America Corporation in an all-cash transaction, which was first announced on June 27, 2019. 

7,998,119 shares were voted in favor of the proposal to adopt the merger agreement, representing approximately 80.7% of the outstanding shares of ASV’s common stock entitled to vote at the special meeting and approximately 99.9% of the shares voted at the special meeting. ASV will file the final voting results with the Securities and Exchange Commission on a Current Report on Form 8-K. 

Under the terms of the merger agreement, each share of ASV common stock will be converted into the right to receive $7.05 in cash, without interest. The transaction is expected to close on September 11, 2019, subject to customary closing conditions. Upon the closing of the transaction, ASV common stock will be de-listed from the Nasdaq Capital Market. 

About ASV Holdings, Inc. 

ASV Holdings, Inc. is a designer and manufacturer of compact construction equipment. Its patented Posi-Track rubber tracked, multi-level suspension undercarriage system provides a competitive market differentiator for its Compact Track Loader (CTL) product line with brand attributes of power, performance and serviceability. Its wheeled Skid Steer Loaders (SSLs) also share the common brand attributes. Equipment is sold through an independent dealer network throughout North America, Australia, and New Zealand. The Company also sells OEM equipment and aftermarket parts. ASV owns and operates a 238,000 square-foot production facility in Grand Rapids, MN. 

About Yanmar 

With beginnings in Osaka, Japan, in 1912, Yanmar was the first to succeed in making a compact diesel engine of a practical size in 1933. Then, with industrial diesel engines as the cornerstone of its enterprise, Yanmar has continued to expand its product range, services, and expertise to deliver total solutions as an industrial equipment manufacturer. As a provider of small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine equipment, machine tools, and components, Yanmar’s global business operations span seven domains. 

On land, at sea, and in the city, Yanmar’s mission of “providing sustainable solutions focused on the challenges customers face, in food production and harnessing power, thereby enriching people’s lives for all our tomorrows” is a testament to Yanmar’s determination to provide us with “A Sustainable Future.” 

For more details, please visit the official website of Yanmar Co., Ltd.: https://www.yanmar.com/global/about/ 

Forward-Looking Statements 

This release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “intends” or “continue,” and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or other comparable terminology. Forward-looking statements in this release include, without limitation: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect ASV’s business and the price of the common stock of ASV, (ii) the failure to satisfy the conditions to the consummation of the transaction, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on ASV’s business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of ASV and potential difficulties in ASV employee retention as a result of the transaction, (vi) risks related to diverting management’s attention from ASV’s ongoing business operations, and (vii) the outcome of any legal proceedings that may be instituted against ASV or Yanmar related to the merger agreement or the transaction. Our actual results may differ from information contained in these forward looking-statements for many reasons, including those described in the section entitled “Risk Factors” in our Form 10-K for the year ended December 31, 2018 and Form 10-Q for the quarter ended June 30, 2019, which are available on our EDGAR page at www.sec.gov. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, after the date of this release, we are under no duty to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. 

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