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.
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.
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.
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.