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Equipment group: 2019 capital outlay bump stands to best GDP rate

Source: Equipment Leasing & Finance Foundation, Washington, D.C.

Investment in equipment and software is projected to expand 4.1 percent in the new year, during which gross domestic product is set to increase 2.3 percent over 2018. The 2019 Equipment Leasing & Finance U.S. Economic Outlook notes that such investment increased at a robust rate in the first half of 2018, driven by more preferable tax treatment and a general upswing in the U.S. economy. However, growth slowed in the third quarter and recent federal government figures suggest a continuation of the trend, providing a weak jumping off point for 2019. 

Read more: Equipment group: 2019 capital outlay bump stands to best GDP rate

ACPA honors New Enterprise’s Detwiler, Oregon State’s Weiss

Source: American Concrete Pavement Association, Rosemont, Ill. 

Under the “Celebrating Concrete Victories” banner, the American Concrete Pavement Association named recipients of top annual honors during its 2018 meeting in Ft. Lauderdale, Fla. The Hartmann-Hirschman-Egan Award was presented to Don Detwiler, chairman of Pennsylvania-based New Enterprise Stone & Lime Co., for long-standing commitment to advancing technology and elevating concrete pavement quality; plus, a distinguished career and lifelong service to the association and industry. The award is named for past ACPA Secretary-Treasurers Harold Hartmann (1964-1974), Robert Hirschman (1975-1987) and Edward Egan (1988-2007), the latter two also serving as 1967 and 1986 chairmen. 

Read more: ACPA honors New Enterprise’s Detwiler, Oregon State’s Weiss

Cemex veteran Mack, well-traveled pavement engineer, chairs ACPA

Sources: American Concrete Pavement Association, Rosemont, Ill.; CP staff

Cemex Director of Market Development-Commercial Strategy Jim Mack was elected 2019 ACPA chairman during the group’s annual meeting in Florida. Based at Cemex USA Houston headquarters, he succeeds Chuck Niederriter, who during a traditional passing of the gavel noted how Mack is the first ACPA chairman to have served with a cement company, regional shipper’s group, ACPA-affiliated Chapter, ACPA National and the Portland Cement Association. 

Read more: Cemex veteran Mack, well-traveled pavement engineer, chairs ACPA

Cemex Ventures tech target takes 360-degree view of jobsite progress

Sources: Cemex Ventures, Madrid; CP staff

The venture capital unit of Cemex S.A.B. de C.V. has invested in StructionSite, a startup promoting digital worksite models to reduce time required to calculate construction progress—a function representing up to 2 percent of total project costs. 

Read more: Cemex Ventures tech target takes 360-degree view of jobsite progress

Florida leads ABC Merit Shop index as Michigan climbs, California swoons

Sources: Associated Builders & Contractors, Washington, D.C.; CP staff

The Sunshine State tops the ABC 2018 Merit Shop Scorecard, vaulting from ninth last year on the strength of free enterprise principles, open-competition approach to the construction sector, increased career and technical education opportunities, and job growth rates. Michigan saw the biggest year-over-year improvement in its ranking, rising from 24th to seventh after the repeal of its prevailing wage law, which will foster greater competition and lower construction project costs. 

Read more: Florida leads ABC Merit Shop index as Michigan climbs, California swoons