Tag Archive for 'AEM'

AEM Reports:U.S. Construction Equipment Exports Drop 13 Percent in 2014

AEM_logo_wo_cmykExports of U.S.-made construction equipment ended 2014 with a 13.2-percent drop compared to 2013, with a total $17.26 billion shipped to global markets.

U.S. exports fell to all world regions for 2014. Business to Europe, South America and Australia/Oceania was the hardest hit, according to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data it uses in global markets reports for members.

Exports by World Region

Year-end 2014 U.S. construction equipment exports by major world regions compared to year-end 2013:

  • Canada dropped 2 percent, for a total $6.66 billion
  • South America declined 28.3 percent, for a total $2.57 billion
  • Asia decreased 7.1 percent, for a total $1.98 billion
  • Europe dropped 22.6 percent, for a total $1.98 billion
  • Central America fell 11.4 percent, for a total $1.95 billion
  • Africa decreased 5.2 percent to $1.23 billion
  • Australia/Oceania fell 32.4 percent to $889.5 million

Exports by Top 10 Countries

The top countries buying the most U.S.-made construction machinery during 2014 (by dollar volume) were:

  • Canada – $6.66 billion, down 2 percent
  • Mexico – $1.59 billion, down 11.3 percent
  • Australia – $808.3 million, down 34.9 percent
  • Brazil – $720.5 million, down 19 percent
  • South Africa – $669.5 million, down 1 percent
  • Chile – $617.4 million, down 38.2 percent
  • Belgium – $461.3 million, down 25.2 percent
  • Peru – $460.4 million, down 27.8 percent
  • China – $367.8 million, down 3.1 percent
  • Saudi Arabia – $326.9 million, up 10.7 percent

Market Analysis Overview

The fourth quarter of 2014 marked the eighth consecutive quarter that U.S. construction equipment exports experienced year-over-year declines.

While exports have been decreasing steadily since the second quarter of 2012, imports have been trending higher. The fast growth in the post-recession export figures (2009-2012) was a strong driver for domestic manufacturers, though it appears the domestic market has become one of the more robust growth engines for the industry.

The recent declines in total construction equipment exports, which were in line with regional development, have been partly due to:

  • A retrenching from accelerated spending earlier in the economic recovery
  • A strengthening dollar against the Japanese Yen
  • Declines in commodity prices, particularly oil, copper and coal

From a global perspective, the U.S. market remains strong, though somewhat affected by the oil price declines.

In the global markets:

  • South America, and specifically the Brazilian market, remain challenging
  • China also experienced a sluggish demand, despite government stimuli
  • Europe’s market remained uneven with growth in the United Kingdom
  • The Russian market declined significantly
  • The strong decrease in exports to Belgium can be attributed to the overall European market, as Belgium remains a through-put nation

More Economic Resources

AEM’s Construction Equipment Global Markets report (and select other reports) are available to the public online (www.aem.org) through the AEM store (www.safetymaterials.org). AEM members may access the report via the AEM website/Market Intelligence section.

Custom detailing exports by 10 Digit HS code to various countries worldwide, as well as an overview of export market opportunities by product, are available on request. For more information, contact AEM’s Benjamin Duyck, director of market intelligence (bduyck@aem.org).

Construction_022415

 

It’s Time To FixTheTrustFund NOW

The Following was recently received from Dennis Slater, President at Association of Equipment Manufacturers (AEM), regarding the highway trust fund. The included links are active; I encourage you to use them. It is time to fix the Trust Fund.

headerDear Greg,

The clock is ticking, and we need your help. In less than 100 days the highway trust fund runs out of money, and unless Congress acts, construction and manufacturing jobs would be put at risk due to another artificial crisis in Washington.

Take action now and tell Congress that it’s time to act.

America’s roads and bridges are crumbling and badly in need of repair. Unfortunately, the Highway Trust Fund, the only federal program that supports these investments, is running out of money. Instead of borrowing money from China to build roads right here in the United States, it’s time for Congress to give Americans the long-term solution we need.

We need your help. Click here to tell your member of Congress that there isn’t any time left to waste – it’s time to #FixTheTrustFund NOW…

Sincerely,

Dennis Slater

 

AEM statement on Obama’s Keystone veto

Dennis Slater, AEM President

Dennis Slater, AEM President

Statement from Association of Equipment Manufacturers (AEM) President Dennis Slater following President Obama’s Keystone Pipeline veto:

I was disappointed – but not surprised – to learn that President Obama has vetoed legislation that would have begun long-overdue construction of the Keystone XL Pipeline. By any measure, the Keystone Pipeline is good – good for the economy and good for the equipment manufacturing industry. It’s also the safer option for the environment, compared to alternatives.

At this point, Keystone has been relentlessly studied and scrutinized by the government and outside groups. And the evidence is in: Keystone would not pose a meaningful threat to the environment, and it would promise to create thousands of jobs in construction and manufacturing. The alternative to constructing this vital piece of U.S. energy infrastructure is the continued transportation of crude oil by rail. As we’ve seen recently in West Virginia, this is a volatile and potentially hazardous solution that further diminishes our national rail capacity

I urge Congress to redouble its efforts to pursue construction of the Keystone Pipeline and for President Obama to end his obstruction of this commonsense project.

From NBC:

Obama Vetoes Keystone XL Pipeline Bill
President Barack Obama has officially vetoed a bill to approve the Keystone XL pipeline, marking his third rejection of congressionally approved legislation during his six years in office.

The president notified the Senate of the veto on Tuesday afternoon.

The veto, which was long expected, came the same day that the GOP-dominated Congress formally submitted the bill to Obama, although it was passed by both chambers of Congress before the week-long Presidents Day recess.

The White House has said that the president opposes the bill because it would cut short an ongoing review process of the project by the State Department. Obama has also expressed some skepticism about how many jobs the pipeline would create.

Congress could override the veto if two-thirds of both the House and the Senate vote to do so, but lawmakers aren’t expected to reach that threshold.

Republicans have accused the president of bowing to pressure from environmental activists who oppose the project. These advocates say the pipeline could cause spills and argue that it would increase the nation’s dependence on fossil fuels.

New TCC Study Finds Two-Thirds of the Economic Benefits Created by Road & Transit Investment Occur in Non-Construction Sectors

New TCC Study Finds Two-Thirds of the Economic Benefits Created by Road and Transit Investment Occur in Non-Construction Sectors 1 New TCC Study Finds Two-Thirds of the Economic Benefits Created by Road and Transit Investment Occur in Non-Construction Sectors 2

AEM: Time for Leaders to Show Their Cards on Highway Funding

Dennis Slater, AEM President

Dennis Slater, AEM President

Dennis Slater, AEM President” width=”96″ height=”96″ class=”size-full wp-image-10824″ /> Dennis Slater, AEM President[/caption]Dennis Slater, president of the Association of Equipment Manufacturers (AEM), made the following statement following the release of President Obama’s 2016 budget, which would fund transportation projects for six years through a tax on repatriated corporate income:

The equipment manufacturing industry is pleased to see the Obama administration offering a budget that contains more specificity around how they would fund critically needed improvements to the nation’s transportation infrastructure. America’s continued economic growth demands that the Highway Trust Fund have a sustainable revenue stream that provides certainty and solvency for several years. AEM hopes President Obama’s budget will help to jump-start productive, bipartisan discussions as to how the United States can most effectively repair and revitalize the transportation system that is the lifeblood of its modern economy.

And time is of the essence. It’s time for leaders in Congress and the administration to lay their cards on the table and begin intensive negotiations toward a long-term highway bill. If there’s room for bipartisan cooperation, now is the moment to begin hammering through details. That would give lawmakers time to explore sound funding options — like modestly adjusting the gas tax — if bipartisan, bicameral negotiations on alternatives falter.

Equipment manufacturers and the broader transportation community can’t afford more uncertainty; another short-term extension of the Highway Trust Fund at the end of May shouldn’t be an acceptable outcome. If this Congress is able to come together to support American infrastructure, we need to find out sooner rather than later.