Tag Archive for 'construction'

Ritchie Bros. and Caterpillar Inc. Announce Strategic Alliance

Ritchie Bros. to Become Preferred Provider to Caterpillar and Participating Dealers for Caterpillar Equipment Upon Closing of Ritchie Bros.’ Acquisition of IronPlanetStrategic Relationship to Accelerate Caterpillar’s IoT Connectivity Offerings for Used Equipment Owners
VANCOUVER and PEORIA, IL, Aug. 29, 2016 /CNW/ – Ritchie Bros., the world’s largest industrial auctioneer and a leading equipment distributor (NYSE & TSX: RBA), and Caterpillar Inc. (NYSE: CAT) today announced that they have entered into a strategic alliance agreement. The strategic alliance is expected to deliver significant benefits to both companies, Caterpillar’s independent dealers and their respective customers, continuing an accelerated delivery of Caterpillar’s Internet of Things (IoT) connectivity offerings to improve customer fleet utilization.
Under the terms of the agreement, Ritchie Bros. will become Caterpillar’s preferred global partner for live onsite and online auctions with respect to used Caterpillar equipment, and will complement Caterpillar’s existing dealer channels. Ritchie Bros. will provide Caterpillar and its dealers with access to proprietary auction platforms, software and other value-added services, thereby enhancing the exchange of information and services between customers, dealers and suppliers. The strategic alliance is also expected to strengthen Ritchie Bros.’ relationship with Caterpillar’s independent dealers around the world by providing them enhanced and continued access to a global auction marketplace to sell their used equipment.
Ritchie Bros. also announced today that it has reached an agreement to acquire IronPlanet®, a leading online marketplace for used heavy equipment and other durable asset sales, of which Caterpillar and its dealers own a minority position. The combined company, with its trusted brands, will deliver a multi-channel marketplace that will provide a full range of equipment asset management and disposition solutions. The new strategic alliance between Ritchie Bros. and Caterpillar replaces and expands on existing agreements in place between Caterpillar, its dealers and IronPlanet. The new strategic alliance will become effective when Ritchie Bros. completes its acquisition of IronPlanet, which is subject to regulatory clearances and the satisfaction of other customary closing conditions.
“Ritchie Bros. is proud to enter into this historic alliance, which will strengthen our relationship with Caterpillar, its dealers and end users, as well as help expand our global reach and footprint,” said Ravi Saligram, Chief Executive Officer of Ritchie Bros. “Our marketing capabilities, unrivaled suite of technology and powerful multi-channel transactional platforms will add tremendous value and make us a trusted strategic partner to the Caterpillar family.”
“A key element of our digital strategy is connecting more products in our customers’ fleets, allowing us to help improve their productivity, increase safety and drive sustainability. This alliance will ensure that more used equipment buyers have access to our best-in-class products, digital offerings and world class customer support through the Cat dealer network,” said Rob Charter, group president with responsibility for Caterpillar’s Customer and Dealer Support. “Ritchie Bros. and Caterpillar are beginning an exciting new chapter in our relationship to better serve our global customers.”
The strategic alliance between Ritchie Bros. and Caterpillar will have an initial five-year term. After completing the acquisition of IronPlanet, Ritchie Bros. will operate live onsite auctions at participating Caterpillar dealers’ locations under the Cat Auction Services brand and also encompass Ritchie Bros.’ other onsite and online brands.
About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world’s largest industrial auctioneer, and one of the world’s largest sellers of used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries. Ritchie Bros.TM asset management and disposition solutions include live unreserved public auctions with on-site and online bidding; EquipmentOneTM, an online auction marketplace; Mascus, a global online equipment listing service; private negotiated sales through Ritchie Bros. Private Treaty; and a range of ancillary services, including financing and leasing through Ritchie Bros. Financial Services. Ritchie Bros. has operations in 19 countries, including 45 auction sites worldwide. Learn more at rbauction.com, EquipmentOne.com, mascus.com, rbauction.com/privatetreaty and rbauction.com/financing.
About Caterpillar:
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2015 sales and revenues of $47.011 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
About IronPlanet:
IronPlanet is a leading online marketplace for selling and buying used equipment and other durable assets and an innovative participant in the multi-billion dollar used equipment market. Founded in 1999 to transform the global used equipment market, IronPlanet has built a database of more than 1.5 million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® equipment condition certification and family of brands, including IronPlanet®, GovPlanet®, TruckPlanet®, Cat Auction Services, Kruse Energy & Equipment AuctioneersSM, allEquip® and Asset Appraisal ServicesSM. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo. For more information, visit www.ironplanet.com.

Tom Ewing’s Environmental Update

Good Morning:

* Death by a thousand cuts. That’s the only way to describe the interminable, glacier-paced “progress” for Red Rock-Joule Biofuels, stuck in the kind of regulatory slow mo that likely requires RR’s health plan to have Ativan in the lunch room (don’t even mention shareholders). Last week, though, after about a year, RR’s new hometown of Lakeview, OR, approved a roughly 60-acre urban growth boundary revision, possibly making room for RR’s new biofuels refinery. That’s 60 acres in a county with 8,358 square miles (New Jersey: 7,419 sq. miles). The good-mood therapists likely have opened their own happy room at DOE HQs too because RR is one of the companies that’s supposed to be way out front in the manufacture of alternate jet fuels. You’ll recall DOE’s financing help for Red Rock, Emerald and Fulcrum announced back in 2014. So far – not one drop of fuel.

* Smoke too much? California is developing a comprehensive inspection and maintenance program for heavy-duty vehicles, gross weight over 14,000 pounds. Implementation starts “in the post-2020 timeframe.” Draft materials are out for review. The state offers a quick vehicle-assessment test: you look at a printed, grey-scale strip-chart indicating various exhaust opacity, from 20% to 70%. Then, a driver performs a “snap-acceleration engine test” and you check compliance by comparing the exhaust smoke to the chart on the page. Before starting the engine, though, you might want to read this manual, it’s a snap, really – just 43 pages.

* Time flies! October 1st is the due date for state governors to present to USEPA the status of county compliance with the new ozone standard. Ozone has been a non-issue in some areas this past summer. Elsewhere, it’ll be a nail-biter regarding the new standard of 70 ppb. This starts a new round of area designations: attainment or non-attainment, and, subsequently, new or different or more stringent controls on NOx and VOCs. But nobody will get to relax too much because the Govs will use summertime data from 2013, -14 and 15. The Administrator, however, making her/his judgement a year later, in Oct. 2017, will use different data – from 2014, -15 and 16. Got that?

 

Tom Ewing
tfewing1@yahoo.com

 

Tom Ewing: Environmental Update

Editors / Directors:

  • It started out as a sleeper but it’s moved close to the top of Regulation.gov’s “what’s trending” list: In June the Coast Guard proposed new anchorage grounds in the Hudson River from Yonkers, NY, upriver to Kingston, about 90 miles. The concerns: navigation safety and traffic flow. At this writing, over 1000 comments are in the docket, presenting a classic tangle about how a working river and freight corridor should be used – or not used, perhaps placed off-limits from activities considered, by some, as too risky and, well, too old-school. This is moving from NIMBY (not in my backyard) to DETAI (don’t even think about it).
  • Bird's-eye_view_of_Hudson_River_from_walkway_5
  • There’s no free lunch: EIA reports that CO2 from natural gas will soon surpass CO2 from coal, because of the big shift in fuel usage. (Proportionately, of course, there’s less CO2 because of the nature of the two fuels.) This raises questions – how long can natural gas bridge from coal and petroleum to _______ ? At last month’s National Petroleum Council meeting DOE Secretary Moniz placed a lot of faith in Big Innovation (his term: “mission innovation”, but it’s gonna have to be big..!) an international effort to double worldwide energy R&D from $15 to $30 billion in the next five years. It takes a lot of work to change the temperature of a planet…
  • Last week, DOE presented its “Federal Alternative Jet Fuels Research and Development Strategy,” an important document, hopefully not too late. It’s from the White House and it’s supposed to coordinate executive agency work. I first saw reference to it in a May, 2014, GAO report. To be honest the lengthy new doc recounts a lot of old work, work that so far hasn’t produced much fuel, just plenty of headlines. (More on this after a closer look.)

Need research/reporting/writing help?

Have a great Monday and a great week!

Tom Ewing

tfewing1@yahoo.com
513-379-5526 voice/text

Voters Feel Nation’s Infrastructure Needs Attention

Baby & GBy:  Greg Sitek

Days are flying by at a record-breaking pace as the presidential candidates race to the finish line in what, in my opinion, is the most vicious campaign since I was first eligible to vote. No, it wasn’t Lincoln vs. Douglas.

There are almost as many issues as there are dollars in our national debt. Among them is our infrastructure. A failing infrastructure is not conducive to growing a strong economy. Both parties recognize this face and have addressed it in campaign rhetoric.

With 90 days left before Election Day, a national poll released recently by the Association of Equipment Manufacturers (AEM) found that half of registered voters say the nation’s infrastructure has gotten worse over the last five years, and a majority of voters said roads and bridges are in “extreme” need of repair.

The findings were part of a new national poll commissioned by AEM to gauge voter perceptions and attitudes about the current and future state of U.S. infrastructure amid a high-profile election. The poll found that registered voters, regardless of political affiliation, recognize the declining state of the nation’s infrastructure as an issue that should be addressed and believe that the federal government should do more to improve infrastructure across the board.

“Americans across the political spectrum understand the dire state of U.S. infrastructure and believe that the federal government should do more to improve our infrastructure,” said Dennis Slater, president of AEM. “Voters recognized that increased federal funding for assets such as roads, bridges, and inland waterways will have a positive impact on the economy, and they are looking to the federal government to repair and modernize.”

The national poll identified a number of key findings, including:

• Nearly half (46 percent) of registered voters believe that the state of the nation’s infrastructure has gotten worse in the last five years.

• A significant majority (80 – 90 percent) of registered voters say that roads, bridges and energy grids are in some or extreme need of repairs.

• Half (49 percent) of the surveyed population feel that the federal government is primarily responsible for funding repairs to the nation’s infrastructure.

• Seven out of every 10 registered voters say increasing federal funding for infrastructure will have a positive impact on the economy.

• More than eight out of every ten Americans consider water infrastructure (86 percent), solar powered homes (83 percent) and smart infrastructure (82 percent) as the top three important innovations for the future of infrastructure.

• Voters across the political spectrum think that the federal government should do more to improve the nation’s overall infrastructure, with 68 percent of Republicans, 70 percent of Independents and 76 percent of Democrats sharing this sentiment.

Registered voters also feel that government across the board should be doing more to improve the nation’s overall infrastructure, with 76 percent of individuals surveyed wanting more from state governments, 72 percent looking to the federal government to do more and 70 percent expecting more from local governments.

“Both presidential nominees have voiced their strong support for infrastructure investment,” says Ron DeFeo, CEO of Kennametal and chairman of AEM’s Infrastructure Vision 2050 initiative. “The specific ideas and proposals they offer over the next 90 days will be critically important, and voters should consider them carefully on Election Day.”

Currently, there are 4.12 million miles of road in the United States, according to the Federal Highway Administration, including Alaska and Hawaii. The core of the nation’s highway system is the 47,575 miles of Interstate Highways, which comprise just over 1 percent of highway mileage but carry one-quarter of all highway traffic. The Interstates plus another 179,650 miles of major roads comprise the National Highway System, which carries most of the highway freight and traffic in the U.S. Most of the roads in the U.S., 2.94 million miles, are located in rural areas, with the remaining 1.18 million miles located in urban areas. Local governments are responsible for maintaining and improving 3.18 million miles of road or 77.3 percent of the total. State highway agencies are responsible for over 780 thousand miles of road, or 19.0 percent. The federal government is responsible for only 150 thousand miles of road or 3.7 percent, largely roads in national parks, military bases and Indian reservations. Of the 4.07 million miles of road, about 2.68 million miles are paved, which includes most roads in urban areas. However, 1.39 million miles or more than one-third of all road miles in the U.S. are still unpaved gravel or dirt roads. These are largely local roads or minor collectors in rural areas of the country. (Source: Highway Statistics 2013 Table HM-20, HM-10, HM-12, HM-15, VM-202)

You don’t like the way things are going?

Do something about it!

Vote!

Just because you vote don’t think your job is done. Keep track of your representatives in local, state and federal government.

Remember they work for you. You pay their salaries and benefits, and they are well paid. Make them accountable and communicate with them regularly. It is your country.

Additional information is available at: The Atlantic – Donald Trump’s Big-Spending Infrastructure Dream

FORTUNE – Both Republicans and Democrats Want More Infrastructure Spending Now

The Hill – Poll: Dems, GOP agree infrastructure worsening

AEM – www.aem.org

Site-K Construction Zone http://www.site-kconstructionzone.com/?p=12782

Washington Report By Sam Quigley

Washington Report