Uncertainty over infrastructure funding puts brakes on capital investment in equipment.
Wells Fargo Finance has released its Q4 2010 Construction Report. The Report features a guest column by By Toby Mack, President & CEO of the Associated Equipment Distributors (AED). In his remarks, Mack says, "We are starting from scratch in a very difficult fiscal environment, with new House leadership that appears to have zero interest in either spending or tax increases, a new-found revulsion of earmarks, and no consensus on a way forward.
"What we do have is a consensus, among the Congress, Administration, and even the general public, that our highway infrastructure is crumbling, inadequate, and unsafe; that it is an impediment to economic growth and global competitiveness; and that transportation construction is not only an investment in our future but also one of the fastest and most efficient ways to put people back to work."
The Wells Fargo report also includes an up-to-date review of construction industry activity, employment, equipment auction and rental activity and more.
Click here to download a free PDF of this 7-page report.