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In This Issue of Contractor's Tool Source
Equipment leasing and finance industry confidence at two-year high for second consecutive month PDF Print E-mail

The Equipment Leasing & Finance Foundation released its April 2014 Monthly Confidence Index for the equipment finance industry (MCI-EFI) April 21. The index reports a qualitative assessment of prevailing business conditions and expectations for the future. It’s based on insights from key executives from the $827 billion equipment finance sector. Overall, confidence in the equipment finance market is 65.1, remaining at the highest index level in two years for the second consecutive month.

When asked about the outlook for the future, MCI survey respondent Thomas Jaschik, President, BB&T Equipment Finance, said, “The first quarter of 2014 had positive results with respect to new business activity, and the economy is on a positive trajectory. The conclusion of the winter of 2013-2014 may be the catalyst for pent-up demand to begin to be released.  This will have a positive impact on the equipment finance market throughout 2014.”

The overall MCI-EFI is 65.1, unchanged from the March index.

 
Bosch launches 5.0 Ah Li-ion power tool battery PDF Print E-mail

Bosch 5.0 Li-ion batteryBosch boosts its ability to power cordless tools longer with its new BAT621 5.0 Ah 18V Lithium-ion FatPack battery. Bosch sources report it is the lightest, most compact and longest runtime FatPack style battery on the market. It features Bosch’s patented CoolPack technology for 100 percent longer recharge life and compatibility with the complete line of Bosch 18V Lithium-ion power tools.

 

 
High Roller observation wheel opens in Las Vegas PDF Print E-mail

The world has a new tallest Ferris wheel, and it's located in Las Vegas.

One full rotation of the 550-foot-tall High Roller takes 30 minutes. The wheel, made of 7.2 million pounds of steel and 112, 225-foot-long cables, is part of The Linq, an outdoor dining, retail and entertainment district on the Strip.

The High Roller opens for business, accommodating up to 1,120 passengers. Its construction was featured in a recent issue of Contractor's Tool Source magazine and "It's really an art piece on the Las Vegas skyline, from the dynamic lighting sequences to the overall engineering and architecture that it adds to the skyline," says Jon Gray, The LINQ's vice president and general manager.

Learn more about the opening

Learn more about the wheel's construction

 
FMI Construction Outlook: 8% growth in 2014 PDF Print E-mail

FMI (www.fminet.com), a leading provider of management consulting and investment banking to the engineering and construction industry, released its Q1-2014 construction outlook March 25, 2014. The forecast continues to show optimistic growth. As a whole, construction-put-in-place is predicted for an 8 percent increase for 2014, with continued growth over the next few years.

 
Construction-themed amusement park breaks ground PDF Print E-mail

Perhaps it’s a way to give the construction trades more exposure with youth. This summer, New Jersey will become home to the first ever construction-themed adventure park in the United States.

Sahara Sam's Oasis is continuing its expansion on Cooper Road in Camden County, adding a 14-acre Diggerland USA adventure park adjacent to its existing indoor and outdoor water park, according to a news release and reported in www.njbiz.com. The park will incorporate hands-on operation of machinery with other family-friendly attractions.

 

 

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