Construction Industry Economic Forecast for 2015

Posted by & filed under Industry News.

Toy Dump Truck Carrying Penny

2014 was a year of economic recovery in the United States. CNN Money reported that 2014 was the country’s strongest year of job growth since 1999, with more than 2.95 millions jobs added.

Edward Zarenski Author of Gilbane Economics ReportAs the new year begins, we asked economist Edward Zarenski to share his economic predictions for 2015, specifically as they relate to the construction industry. Zarenski is author of the Gilbane Construction Economics Report, which he prepares and publishes every quarter. As a 40-year construction veteran and Estimating Executive who has managed multimillion dollar project budgeting, he is uniquely positioned to forecast for the coming 12 months.

Tuffwerx is grateful to Edward Zarenski for taking the time to share his expertise. With this construction industry economic forecast in mind, we hope you’ll be able to make sound decisions for your work this year. Read more »

Are Heavy Equipment Auction Houses Seeing Their Last Days?

Posted by & filed under Equipment Listings, Heavy Equipment, Industry News, Tuffwerx.

Farm Heavy Equipment Auction

Equipment auction, 1988 (Credit: Kentucky Photo File via Flickr CC)

The Internet has changed the world. It’s challenging to think of any industry that hasn’t been touched by the capabilities it offers. In fact, some industries have been so revolutionized that companies unable to adjust and innovate have been forced to shut their doors (consider Netflix’ market grab from businesses like Blockbuster and Hollywood Video).

The heavy equipment sector is not immune to change. Though eBay may have started the shift to online sales as an alternative to classified ads and equipment auctions, equipment listings sites are now plentiful. Tuffwerx has accepted the Internet as a portal to opportunity, constantly improving its methods for buying, selling and financing heavy equipment online. Read more »

Association Profile: Association of Equipment Manufacturers (AEM)

Posted by & filed under Movers and Shakers.

Association of Equipment Manufacturers LogoThis feature is the sixth in a series profiling associations connected to the heavy equipment industry. These important associations are the collective voice of the people who manufacture, buy, sell, rent, and finance equipment, ensuring they have the resources they need and that their voice is heard.

Association Snapshot

Name: Association of Equipment Manufacturers (AEM)

Year Founded: 1894

HQ: Milwaukee, WI with branch offices in the world capitals of Washington D.C., Ottawa, Canada and Beijing, China


AEM offers membership to manufacturers of off-road equipment, and product and service providers in the agriculture, construction, forestry, mining and utility sectors.

Non-members can access a names-only list of AEM members online.

Membership Size: More than 850 companies representing more than 200 product lines across the U.S., Canada and worldwide. Read more »