Joe Szabo

If you think Artificial Intelligence (AI) in vehicles is only for Tesla drivers, you may be shocked to know that autonomous trucks are already making deliveries nationwide. Autonomous truck makers are experimenting with different approaches to making self-driving trucks a normal part of daily life. Currently, they are deploying the technology to test and perfect limited-use cases to prepare for more complex driving challenges and broader commercialization. Long Haul Limited-use cases provide a good testing […]

The dramatic government takeovers of Silicon Valley Bank (SVB) and Signature Bank and the imperiled position of First Republic have led to a crisis of confidence in the banking system. Despite the government’s actions to shore up the system and regain confidence, the impact on the construction business and home mortgages has yet to be determined.  The direct impact of SVB’s failure on construction should be insignificant, except that other regional banks are going to […]

We’re Hiring Driver-Operators! Job Description •    Drop off and pick up equipment for customers •    Operate construction equipment, such as semi-trucks and trailers (“low boys”) consistent with DOT classification CDL-A •    Maintain driver’s logs and complete pre-trip inspections •    Must also be able to operate Scissor lifts,  Boom lifts and Forklifts. •    Adhere to all safety requirements particular to equipment including Federal Motor Carrier Safety Regulations •    Other duties assigned as needed Benefits include medical, […]

Last year, after months of price increases, there was finally relief at the end of the year. Construction and nonresidential input prices recorded their biggest drop in over two years of 2.7% in December. * That decrease appears to be short-lived as January readings already indicated increases of over one percent. Contractors rank material costs as one of their top concerns for 2023. The Federal Reserve is also concerned about an elevated producer price index.  […]

A look at the most recent job numbers sheds light on what’s happening in the construction industry. Also, proposed legislation would empower immigrant workers. The Fed has been aggressively raising interest rates over the last year in order to tame inflationary pressures. Multiple large (.75%) rate increases have given way to the most recent and smallest quarter-point increase on Feb 15th. It’s the eighth straight increase since last March.  One of the Fed’s biggest concerns […]

Elite Construction Equipment is excited to announce the availability of advanced mobile surveillance systems for our customers! Construction-site theft and vandalism cost the industry millions every year. Now you can have access to affordable, proven solutions. Elite features surveillance units with remote video technology and advanced recognition software to identify, track, and evaluate potential security threats. And once a threat has been confirmed, these mobile surveillance solutions can take the next step by activating on-site […]

Anyone who’s followed the housing market in the last year knows that it’s been a particularly nasty environment for home sales. Last year’s rate hikes resulted in fewer mortgage applications and home purchases. Mortgage applications at the end of 2022 were at their lowest level in almost 25 years. Finally, there are new numbers that show that the story is starting to change. Mortgage rates have fallen by 0.93% from their Nov. high. The average […]

JLG has released a whitepaper that describes the five most significant trends that will impact the construction industry over the next five years.  This article will summarize the highlights of that whitepaper, but it’s well worth reading, so we encourage you to get a copy here.  In the post-pandemic world of the construction industry, the five biggest influences will be: #1 Shifts in Growth and Trade The supply chain has shifted and will continue to […]

This month you can buy a used 1230es from Elite for $4500 ONLY $3500! Today through Dec. 31st, you can purchase 2007 & 2008 models for $1000 less than our already great price. Purchase now to take advantage of the last days of the Trump-era tax break. See our article. The 1230es is a very small and versatile machine designed to get a single person up to a 12’ platform height. Limited quantities, Financing available! Key Specs SEE ALL […]

The “Bonus Depreciation” allowance instituted under the Trump administration has saved 23 big corporations about $50 Billion – so far. The “Bonus Depreciation” took their taxable revenue down into single digits. That tax break comes to an end on Dec 31st.  Federal tax rules have long permitted accelerated depreciation, which allows businesses to deduct the costs of equipment more quickly than it wears out. But the Tax Cuts and Jobs Act enacted under former President […]