A Long Time Coming - Equipment Dealers Cheer Passage of Highway Bill

Washington, D.C. - Associated Equipment Distributors (AED) applauded congressional passage of the nation's new multiyear highway bill. The House and Senate both approved the Moving Ahead for Progress in the 21st Century (MAP-21) (H.R. 4348) today by bipartisan votes. The president is expected to sign the measure in the coming days. MAP-21 authorizes federal road, bridge, and transit spending at current levels through September 2014. Reauthorization of the nation's surface transportation programs has been the association's top priority for nearly four years. Upon the measure's passage, AED President & CEO Toby Mack and 2012 National Chairman Larry Glynn, President & Owner of CMW Equipment in St. Louis, released the following statements.

AED 2012 Chairman Larry Glynn, President & Owner of CMW Equipment in St. Louis:
"This is a long-awaited, positive development for the construction equipment industry. Contractors around the country have been on life support over the last few years. This bill will provide much needed certainty for contractors, dealers, and suppliers," said AED 2012 Chairman Larry Glynn.

"Equipment distributors sell the equipment that builds and maintains this country's infrastructure. And building that infrastructure creates American jobs. Ninety-five to ninety-nine percent of the equipment I sell at CMW is manufactured at factories in the United States. A new highway bill will encourage equipment sales and stimulate manufacturing here in this country."

AED President & CEO Toby Mack:
"After years of inaction, we are pleased to see the House and Senate work together in a bipartisan manner to complete a new multi-year highway bill that restores certainty to federal infrastructure programs and lays a solid foundation for America's future economic growth," said AED President and CEO Toby Mack.

"The legislation not only maintains critical investments in our nation's deteriorating surface transportation infrastructure, but it also makes significant programmatic improvements that will restore public confidence in the federal highway program, paving the way for future discussions about how to restore the long-term viability of the Highway Trust Fund and increase investment."

"Congratulations and thanks to House and Senate leadership, Sen. Boxer, and Rep. Mica, and members of the conference committee for their dogged persistence. Thanks also to all the AED members who participated in this process and made it clear to their lawmakers that inaction on a highway bill was unacceptable."

Source: http://www.aednet.org/aednews/index_full_story.cfm?id=10928541

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