Use of rental equipment in everyday operations is gaining traction among asphalt contractors and producers, according to results of a recent survey.
Fully half of asphalt contractors and producers responding to the survey said they are considering or would maybe consider rental of equipment used on a daily basis. Just over 20 percent of the respondents said they only rent equipment when needed for a particular project, and a like percentage said they do not rent equipment at all.
The survey was conducted by AEM during and after the 2015 World of Asphalt Show and Conference in Baltimore.
Asphalt Business Doing Well
Benjamin Duyck, AEM market intelligence director, said the survey also showed that business conditions in the asphalt industry are good, based on workload reported by respondents for 2014 and estimated for 2015.
More than 60 percent of survey respondents said their workload increased in 2014 compared to 2013, while nearly 65 percent estimate their workload will increase in 2015, Duyck said. While over 10 percent said their workload decreased in 2014, only 7 percent expect their workload will decrease in 2015.
As further evidence of the asphalt segment’s health, Duyck said 55 percent of respondents reported they planned to add staff in the next 12 months while 28 percent said they would maintain current staff levels. Only 1 percent said they planned to reduce staff.
Long-Term Highway Bill Preferred
When asked about U.S. federal highway spending, 85 percent of survey respondents said they would prefer a long-term solution that actually fixes the Highway Trust Fund through a stable funding source rather than a short-term extension funded, for example, through a one-time tax.
For more information, contact AEM Market Intelligence Director Benjamin Duyck (firstname.lastname@example.org, tel: 414-298-4154).