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CBO Editorial Staff

  • Resources

    U.S. Rental Revenue Continues to Outpace the Economy

    MOLINE, ILL. (Aug. 5, 2013) – The equipment rental industry in the United States continues to outpace gross domestic product (GDP) in the U.S. by four times in 2013, according to American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor. Revenues will reach $33.5 billion in revenue, representing a 7.0 percent increase over 2012 with revenue growth reaching 7.8 percent in the fourth quarter according to the latest quarterly forecast updated July 29, 2013. Economic data and analysis for ARA’s Rental Market Monitor is compiled by IHS Global Insight, one of the world’s most respected economic forecasting firms based in Lexington, Mass. In the U.S., the construction market and consumer spending continue to be the most important drivers of growth of the...

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  • Caterpillar Sponsors OCEARCH Expedition in Cape Cod

    (AUGUST 2, 2013) – OCEARCH is launching the largest Great White Shark expedition in U.S. history on July 30, 2013 off the coast of Cape Cod. The research expedition, led by OCEARCH Expedition Leader and Founding Chairman Chris Fischer, is scheduled to run through August 29, 2013. In February 2013 Caterpillar and OCEARCH agreed to a multi-year partnership to help propel the OCEARCH organization’s global research on sharks. The increased summertime population of Great White Sharks off Cape Cod has drawn significant science and public safety attention, specifically a quest for better knowledge. OCEARCH has led 16 expeditions to research the breeding, feeding, migration, and birthing patterns of sharks, including recent expeditions where two Great Whites named Mary Lee and Genie were tagged off Cape...

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  • Resources

    Coalition Being Launched to Ensure Tax Reform Efforts Focus on Corporate Tax Rates for Employers

    (July 23, 2013) – The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the launch of the new Coalition for Fair Effective Tax Rates. The association is a founding member of the new coalition, which will work to ensure that comprehensive tax reform efforts focus on lowering the effective corporate tax rates – what firms actually pay in total federal taxes.   “The launch of this new coalition will help bring needed tax relief to a construction sector that currently pays the highest effective corporate tax rate of any industry type. That relief can’t come soon enough as the hard-hit construction industry pays an effective corporate tax rate of 31 percent, the highest...

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  • Resources

    Brinkmann Constructors to Sell Company to Employees via Employee Stock Ownership Plan (ESOP)

    ST. LOUIS (July 19, 2013)  – Founder and Chief Executive Officer Robert G. Brinkmann is selling his 90-plus percent ownership stake in Brinkmann Constructors to company employees through an Employee Stock Ownership Plan (ESOP).   “The arrangement solidifies the future role of Brinkmann Constructors for our customers and employees,” said the 64-year-old Brinkmann, who opened the doors to the Chesterfield, Mo.-based national design/build contractor in 1984. “I want those who have helped build the company – and those who will continue to build it – to have an ownership stake. It is an act of gratitude that reflects the joy I’ve experienced teaming with this group to create winning construction solutions for our clients.”   The company has retained Stone Carlie to oversee ESOP implementation....

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