Economy News, Videos, and Information


Freight Bottlenecks Are a $42B Hidden Cost On U.S. Economy, Federal Data Shows

Freight bottlenecks cost the U.S. economy more than $42 billion in 2019 — a hidden tax on the American people that is only likely to increase as the country fully opens, according to a review of Federal Highway Administration (FHWA) data....


AED Leaders Embark on 'Driving for Dealers 2.0' — The Sequel

The Associated Equipment Distributors (AED) executive team embarked on a nine-day multi-city motor coach tour on April 21 to visit equipment dealers across the midwest and south central regions to underscore the need for a robust federal infrastructure bill....


Industry Battles Cost, Supply, Labor Issues Amid Construction Boom Gains

The good news: Construction project bottlenecks are loosening, work is ramping up and the industry can start to breathe a general sigh of relief. The bad news: The cost of construction materials is going through the roof....


AEM Voice of Customer Survey: Looking at COVID-19's Impact on Construction, Utility Sector Workforce

We're now six months into what can best be described as a "COVID state of being," and it's nearly impossible to overstate the fatigue that has set in as far as analyzing numbers and data and trying to be prepared for whatever comes next....


AED Embarks on 10-Day 'Driving for Dealers' Tour

Associated Equipment Distributors (AED) embarked on a 10-day multi-city bus tour to visit equipment dealers across the Midwest, Great Plains, Rocky Mountains and the West. Stops also included two in Illinois and one in St....


AEM Applauds Legislation to Strengthen Manufacturing in America

Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement supporting introduction of legislation to strengthen manufacturing by U.S. Senator Gary Peters of Michigan: "The Association of Equipment Manufacturers commends the introduction of the National Institute of Manufacturing Act to strengthen the manufacturing sector and ensure the future competitiveness of U.S....


AASHTO Asks Congress for $50B Fiscal Backstop for State DOTs

The American Association of State Highway and Transportation Officials sent a letter to Congressional leadership on April 6 requesting the immediate emergency injection of $49.95 billion to offset an estimated 30 percent loss in state transportation revenues over the next 18 months....


President Donald J. Trump Announces Great American Economic Revival Industry Groups

On April 14 President Donald J. Trump announced many of the esteemed executives, economists, scholars and industry leaders who together will form various Great American Economic Revival Industry Groups....


Equipment Manufacturers Call for National Manufacturing Strategy

The Association of Equipment Manufacturers (AEM) is calling on the federal government to develop and implement a comprehensive national strategy for manufacturing to strengthen the economy, create new jobs and opportunities, and ensure the United States is the best place in the world for equipment manufacturers to innovate, manufacture, and do business....


How to Reshape Our Country's Surface Transportation Financing Outlook

With the COVID-19 health crisis front and center, many people in the heavy construction industry see a U.S. Congressional stimulus package as a means of funding the nation's roads and bridges. Efforts to bolster an economy buckled by the coronavirus, as well an uptick in non-traditional funding partnerships, present opportunities to reshape our country's surface transportation financing picture....







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