News

Crude oil production in the United States is rising at the fastest rate in history, the U.S. Energy Information Administration (EIA) said recently, as the shale oil revolution pushes output toward a 20-year high this year.

The Association of Equipment Manufacturers (AEM) announces the 2012 inductees into the AEM Hall of Fame, which recognizes and celebrates outstanding individuals in the off-road equipment industry, and their legacy of innovation, service and leadership.

Ten years ago, CNH Global, Burr Ridge, IL, and Kobe Steel, Japan, signed a 10-year deal that limited Kobe’s Kobelco Construction Machinery marketing and sales to the Asia-Pacific region and made CNH the exclusive North American distributor for Kobelco Construction Machinery. The two companies have decided to let that deal expire.

Traci Read, Managing Editor

The year 2012 proved to be another strong year of growth and expansion for the North American Society for Trenchless Technology (NASTT), reports George Ragula who is wrapping up his two-year term as the NASTT chairperson and as representative for the society’s international affiliate, the ISTT.

United States demand for large diameter pipe is projected to rise 6.2 percent annually through 2016 to 197 million feet. Growth will benefit from the repair and replacement of wastewater infrastructure, as many pipe projects, which were put on hold during the 2006-2011 period due to state and municipal budget concerns, move forward.

The Charles Machine Works Inc. welcomed American Augers’ employees into the CMW family of companies at the celebration held Dec. 3, 2012 at the West Salem, OH, facilities.

Over the past decade, Florida Power & Light Company (FPL) has reduced its use of oil by 98 percent by investing in new, highly efficient power plants that use clean, U.S.-produced natural gas as a fuel to produce electricity. In 2001, FPL used more than 40 million barrels of oil to power customers; in 2012, the company used less than one million barrels.

Direct investment in North American fiber to the home (FTTH) deployment will grow to $4.7 billion annually by 2017 or a total of $18 billion during the next five years, according to the market research firm RVA LLC.

Jeff Griffin, Senior Editor

The members of the Power & Communication Contractors Association (PCCA) enjoyed a stable year through 2012, said Tommy Muse, the association’s president.

Robert Carpenter, Editor

As the old saying goes, money makes the world go round. From the municipal perspective, the world stopped going round about four years ago. But there is emerging a legitimate undertone of hope for improvement emerging from many municipal personnel.

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