CrossCheck Blog

Check Processing & Payments Information

Heavy Equipment Dealers and the Federal Reserve

on Sat, Sep 19, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Heavy Equipment
When trying to polish their crystal ball to divine how the Federal Reserve's meeting next week might affect the heavy equipment industry, most pundits focus on the capitalization rate in real estate. Since it's a basic ratio measuring the yield on a real estate investment, it changes constantly with market forces.
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Why Caterpillar Considers Google a Major Competitor

on Fri, Aug 21, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Heavy Equipment
The heavy equipment industry seems to be working feverishly to overcome an economic recovery that keeps hitting snags: China devalued the yuan to pump up demand for her exports, hoping the move would arrest a stock market slide that’s hammering regular workers and international investors alike. In July, OPEC increased its oil production to the highest level in three years, driving the price down to a six-year low. The dollar just keeps getting stronger (too much of a good thing), shrinking our Federal deficit  to what it was before the taxpayers bailed out Wall Street but also making global sales harder.
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Heavy Equipment Dealers Are Finally Set to Enjoy the Ride

on Wed, May 13, 2015 @ 08:36 AM By | Tom Lombardo | 0 Comments | Heavy Equipment Construction
We have proof! The heavy equipment industry’s recovery must be solid because, over the course of last year, recreation and amusement park construction shot up 24%.
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Two Out of Three: Heavy Equipment Demand in 2015

on Thu, Feb 12, 2015 @ 07:00 AM By | Tom Lombardo | 0 Comments | Heavy Equipment Construction
Now that the construction industry has finally regained its footing, heavy equipment dealership owners and managers face the difficult task of trying to foresee what their contractors will need and how they’ll want to pay to for it.
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Heavy Equipment Dealers: Missing "Skilled" Worker?

on Wed, Dec 10, 2014 @ 12:00 PM By | Tom Lombardo | 0 Comments | Heavy Equipment
When the people of Seattle, Washington, decided that the Federal Minimum Wage of $7.25 an hour, which adds up to an annual gross of $15,080 for a full-time job, was unjust and that they would increase it to $15 over three years, critics went into an uproar. Wall Street economists confidently predicted disaster, asserting that a higher minimum would force employers to eliminate jobs, defeating the proponents’ objective to relieve poverty.
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3 Ways Heavy Equipment Dealers Can Increase Flat Revenue

on Thu, Sep 25, 2014 @ 10:00 AM By | Tom Lombardo | 0 Comments | Heavy Equipment Increase Sales
Given the challenges facing your industry right now, this counts as spectacular news: Over the course of the last twelve months 53% of heavy equipment dealers saw their gross margin improve and another 25% remained flat. Only about 1 in five declined.
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Pent Up Demand + Infrastructure Funding Benefits Heavy Equipment

on Thu, Aug 21, 2014 @ 10:00 AM By | Tom Lombardo | 0 Comments | Heavy Equipment
It’s common knowledge in the heavy equipment and construction industries that the nation’s infrastructure desperately needs to be maintained and upgraded, but despite strong public demand and support for making that happen, governments have been unable to establish sustainable financing.
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Heavy Equipment: Top 5 Risks Managers Face and 4 Solutions

on Tue, Jun 24, 2014 @ 11:30 AM By | Tom Lombardo | 0 Comments | Heavy Equipment
According to Wells Fargo’s 2014 Construction Industry Forecast, contractors across the country still see “economic uncertainty” as the greatest risk to your industry – but they’re also three times more optimistic now than they were in 2009. With good reason: housing starts are way up, especially multi-family projects, and the American Road & Transportation Builders Association expects to see a five percent increase in infrastructure construction this year.
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Mechanics and Check Services Guarantees Heavy Equipment Profit

on Fri, Jun 13, 2014 @ 10:00 AM By | Brandon Weaver | 0 Comments | Heavy Equipment Check Guarantee
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Heavy Equipment: Go Green with Remote Deposit Capture

on Tue, Apr 22, 2014 @ 10:00 AM By | Genevieve LaBadie | 0 Comments | Heavy Equipment Remote Deposit Capture (RDC)
As cities are built to reach higher, the air gets hazier with a layer of smog. It’s harder to see, harder to breathe, harder for plants and animals to thrive. Fuel emissions from cars, trucks, bulldozers, tractors and other heavy equipment add to these unhealthy conditions daily.
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