OT: Young guys and gals looking for a career

[thatsbaseball]

I`d like to recommend an industry that many of you have probably never considered. The construction equipment business worldwide is a $130 billion per year business that is projected to become a $185 billion business by 2018. The need for people at the manufacturing, distributing and dealer levels is about to explode in the US. Management, IT, legal, engineers, sales, rental, accountants, technical experts in dozens of applications and many many ancillary jobs too numerous to mention.

The industry has a reputation of paying well. The business is cyclical but there appears to be an opportunity to presently get in on an upswing. MSU has every curriculum a young man or woman needs to get into this industry.....just some food for thought.

 

[PBRME]

Are you currently in this business?

 

[thatsbaseball]

I am

 

[drt7891]

I work at an OEM supplier that supplies parts directly to mining and construction equipment. I hope you are correct because it's been pretty miserable for us since March. We are having to get all kinds of extra work in to pay the bills. Business is supposed to start picking up here soon, but forecasts aren't looking THAT strong.

 

[thatsbaseball]

Our government`s war on coal has the mining segment stagnated right now. Hopefully the industry can get some political relief shortly. Natural gas and oil are better off at the present, construction is starting to improve.

 

[Barkman Turner Overdrive]

I`d like to recommend an industry that many of you have probably never considered. The construction equipment business worldwide is a $130 billion per year business that is projected to become a $185 billion business by 2018.

Hopefully those estimates were not provided by the same government economists that pumped out rosy forecasts throughout the tenure of this so called recovery only to be "surprised" when the numbers came in worse than expected.

 

[thatsbaseball]

I believe this was from a private sector forecast. There are numerous independent forecast calling for the same upswing.....of course they could all be wrong. Currently I wouldn`t trust our government to tell me tomorrow will be Monday.

 

[UpTheMiddlex3Punt]

I've heard that about construction. You can always make money in construction, but the key is to be flexible and willing to move where the construction is.

 

[PBRME]

Do you need, or know someone needing a MS based flatbed carrier apportioned for all 48?

August is decision making time for me. My lease will be up on my flatbeds. I have to decide between leasing again or buying specialized equipment. Leaning towards specialized equipment but need to find a base to build around.

 

[BoomBoom.sixpack]

Link or it didn't happen.

 

[drt7891]

Construction equipment is about 65% of our business... mining is about 35%. Our Customer's production (in the construction segment) is down pretty significantly right now, but is expected to to pick up again around September, albeit slightly. Construction has always been more stable than mining, though... like you said, too many politics tied up in the mining industry.

 

[drt7891]

Spot on. Be prepared to work, in many cases, 14+ hour days 6-7 days a week and live in hotels. There is plenty of money to be made, but it's feast or famine... and very tough work.

 

[thatsbaseball]

This is from a private marketing firm in Dallas

DALLAS, July 2, 2013 /PRNewswire/ --
The report "Heavy Construction Equipment Market: By Types (Earthmoving, Material Handling, Heavy Construction Vehicles, Others), Application Areas (Infrastructure, Commercial, Residential), and Geography - Global Trends & Forecast To 2018", defines and segments the global heavy construction equipment market with an analysis and forecast of the revenue. The heavy construction equipment market will grow from an estimated $131.1 billion in 2013 to $195.0 billion by 2018, at a CAGR of 8.3% from 2013 to 2018.

There are literally dozens of these types of reports/predictions available....some are quite expensive. The point I wanted to get across is that at the present the overwhelming sentiment among economist is that the growth of the heavy equipment business over the next 5 years should be very impressive and will take thousands of new employees to sustain.

 

[PBRME]

I do a lot of business with pipe manufacturers, and oil fields. The production so far this year is well below what was anticipated. At least it is with the people I talk to on a regular basis.

 

[BoomBoom.sixpack]

thanks, but i was asking BTO for an example of an overly rosy govt forecast. i have no reason to doubt you on heavy business equipment.

 

[Barkman Turner Overdrive]

http://money.cnn.com/2013/06/26/news/economy/gdp-revisions/index.html

Most recent "revision." It happens virtually every quarter.

 

[BoomBoom.sixpack]

'Forecast'. you gave revisions on past conditions. revisions always happen, and i've seen nothing to suggest they haven't been a 50/50 mix of higher and lower.

If you meant the govt has repeatedly been overly optimistic of current conditions, that's fine. but official projections since Obama took office have been consistently weak, and your statement as worded implied that the govt has been forecasting growth that has not appeared. (note: does not include the Romer stimulus projections from Dec 08 that did not account for the severity of the downturn.)

 

[Barkman Turner Overdrive]

'Forecast'. you gave revisions on past conditions. revisions always happen, and i've seen nothing to suggest they haven't been a 50/50 mix of higher and lower.

If you meant the govt has repeatedly been overly optimistic of current conditions, that's fine. but official projections since Obama took office have been consistently weak, and your statement as worded implied that the govt has been forecasting growth that has not appeared. (note: does not include the Romer stimulus projections from Dec 08 that did not account for the severity of the downturn.)

Projections during the Obama regime have "been consistently weak" and the revisions have almost always downward. You asked me for a link. You provide a link showing me where the revisions have been a mix "of 50/50 higher and lower."

 

[Barkman Turner Overdrive]

I work at an OEM supplier that supplies parts directly to mining and construction equipment. I hope you are correct because it's been pretty miserable for us since March. We are having to get all kinds of extra work in to pay the bills.

^^^^^^BoomBoom^^^^^^^
Explain this. Tell us how this Obama "recovery" is going so great and we are just too dumb to realize it and we should just accept this "new normal."

 

[Lettucexxxx]

Do you use a broker on your backhauls? I would love to help you. PM me.