Construction Equipment Industry Report- June 16, 2009

ConstructionEquipment.com Headlines

Sizing Up the Market for Compact Wheel Loaders
When compact wheeled machines load up with full-sized-loader features, the market continues to churn.
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CE Editors List 6 Innovative Attachments for Compact Wheel Loaders
From grapple buckets to mowers and angle brooms, attachments add seemingly unlimited versatility to compact wheel loaders.
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Caterpillar Forecasts Sales Rebound Within 5 Years
According to Caterpillar chief executive Jim Owens, recovery for the Illinois-based construction-equipment maker would be gradual, and a return to 2008 record-sales levels could happen around 2013.
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Fleet Masters Outsmart Recession
Disciplined data gathering allows AEMP's best fleet managers to shave costs without sacrificing productivity.
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How to Make Money from China's Stimulus Package
Unlike the U.S. and Japan, China has made investment in infrastructure a cornerstone of its stimulus package and there is ample opportunity for multinational construction equipment makers to balance weak demand in other markets.
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Follow Construction Equipment on Twitter
Construction Equipment’s Twitter page provides regular updates on new products, as well as news on such topics as clean-diesel funding, stimulus projects, and construction industry data.
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ConstructionEquipment.com New Products

Komatsu WA480-6 Wheel Loader
A newly-designed, large-capacity torque converter provides the 299-horsepower Komatsu WA480-6 wheel loader with increased tractive effort for added productivity in V-cycle applications, says Komatsu America.
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Volvo EW230C Wheeled Excavator
Designed for stability and heavy lifting, Volvo's EW230C wheeled excavator features a more robust platform.  Maximum digging reach and depth are 34 feet 6 inches and 22 feet 3 inches, respectively.
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JLG G10-43A Telehandler
The newest member to JLG’s line of telehandlers, the G10-43A model for commercial and residential construction features standard outriggers, a maximum capacity of 10,000 pounds, and a capacity of 7,000 pounds at the 43-foot maximum height reach.
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New Products
See what’s been introduced in the past month.

This Month's Economic Outlook

Construction Equipment Shipments
The plunge in construction equipment shipments continued through April. Sales are now 40 percent below last fall’s peak. More declines are ahead.
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Public Construction Spending
Public construction activity has been stalled for about a year with a small decline expected over the next year which is regained late in 2010. Only the power market is still expanding although sharp cutbacks are expected in power activity very quickly.
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Construction Employment
Contractors cut 59,000 jobs in May, the fewest since last September. At least 100,000 more layoffs are expected yet this year followed by more than 200,000 new jobs by the end of 2010.
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Commercial Construction Spending
Commercial construction spending declined 25 percent in the last eighteen months. The largest declines were for restaurants and large shopping malls. Only a marginal further decline is expected through year end followed by a 5 percent rebound next year.
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For more economic information for the construction industry, please visit Market Insights:
www.reedconstructiondata.com/market-insights