This Week’s Market Buzz

• Oil prices rose after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought. Benchmark Brent crude oil was up 63 cents, or 1.1 percent, at $60.78 per barrel while U.S. West Texas Intermediate light crude rose 74 cents, or…

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Cat Debuts High Drive Electric Dozer

The all-new Cat D6 dozer delivers new levels of efficiency and performance with a choice of Electric Drive or Fully Automatic power train. A redesigned purpose-built VPAT dozer offers best-in-class grading, while updated technology features help operators to be more productive from first pass to finish grade. Customer profitability is enhanced with up to 35 percent better fuel efficiency and…

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AED Partners with Heroes MAKE America

The Associated Equipment Distributors (AED) and The AED Foundation announced a partnership with the Manufacturing Institute’s new program, Heroes MAKE America (HMA). As an approved Department of Defense Skillbridge program, HMA is designed to help place military veterans into careers in the construction equipment industry. “Heroes MAKE America is building a pipeline from military to manufacturing. We are not only addressing manufacturing’s workforce crisis…

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Dodge Momentum Index Jumps Higher in November

The Dodge Momentum Index moved 5.3 percent higher in November to 159.7 (2000=100) from the revised October reading of 151.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. 

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MSHA Scofflaw Program Reclaims Unpaid Safety and Health Fines

Seven months after taking action to strengthen enforcement efforts regarding delinquent fines and mine violations, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced that 49 mine operators have either taken steps to enter into payment agreements or satisfied their delinquent debts, resulting in $5.2 million in recovered fines.

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