There is a common misconception that vehicle-installed and cell phone GPS tracking systems are practically the same technology, but they are actually very different. There are many GPS-enabled applications, like field service and workforce management software, that use GPS data from cell phones as their main source of location information. It is important to recognize that cell phone tracking information is not the same as what you will receive from vehicle-installed GPS tracking devices. Continue »
Overall, confidence in the equipment finance market is 73.4, an increase from the December index of 67.5, according to the Equipment Leasing & Finance Foundation’s January 2017 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). January marks the highest index since the MCI was launched in May 2009 to track recovery after the 2008 downturn.
OSHA to Increase Crane and Derrick Operator Requirements Construction Contractors Must Prepare and Train Employees Now on Safe Equipment Operation
This time next year, OSHA’s new certification requirements for crane operators goes into effect. The new requirements revise the current Cranes and Derricks Standard to detail work practices and qualifications necessary for employees to safely use cranes and derricks, according to OSHA.
Eight Tips for Complying With New Lease Accounting Rules Construction Contractors Must Start Now to Implement New FASB Standard
Though many contractors are aware of the upcoming changes to lease accounting, many are unsure of how to transition to the new accounting standard, known as Accounting Standards Codification Topic 842 (ASC 842).
More than 40 percent of all medium and heavy-duty diesel commercial trucks in operation in the United States—4 million of 9.5 million total—are now equipped with newer technology clean diesel engines, according to new Diesel Technology Forum (DTF) analysis of IHS Automotive vehicles in operation statistics.
Steel Costs Predicted to Rise After Hitting Record Low Contractors Must Prepare for Increasing Costs of Steel and Steel-Based Construction Equipment
In March, the price of steel in the United States hit record lows, bottoming out after several years of volatile declines. In fact, during the past three years alone, IBISWorld estimates the price of steel has dropped at an annualized rate of 7.1 percent.
Portable truck scales are an accurate, efficient and reliable solution for construction companies that need to weigh finished goods and waste to minimize scrap, monitor material input and maximize investments. Modern truck scales are tailored to withstand the harsh and adverse environments of the construction industry.
Leasing is a way of life for the construction industry, whether it’s heavy equipment such as trucks and cranes or less durable items such as scaffolding for sidewalk sheds. The Financial Accounting Standards Board (FASB) recently released new guidance on lease accounting standards. Though some might think, “Piece of cake, we just need to put all long-term leases on the balance sheet,” the devil for many construction executives will be in the details.
If used properly, 12V lead-acid battery testing, charging and maintenance products using a scientifically validated desulfation technology can significantly reduce a fleet’s annual battery consumption.
The approval of the new lease accounting standard by the Financial Accounting Standards Board (FASB) means construction companies can now move forward and prepare to adopt it. The new standard will not impact the ability of companies to acquire productive equipment to grow their businesses or to obtain financing.
Much of the dollar volume of a construction project is spent on the purchase of materials and equipment from third-party vendors. These purchases are routinely made using purchase orders.
Business owners may be completely sold on the benefits of GPS tracking for fleet operations. After completing a pilot with a selected provider, owners have seen firsthand how using a GPS tracking solution will reduce costs, reduce risk and increase revenue. Continue »