Rock to Road

Features Education Event Reports
Getting a Heavy Education


March 5, 2015
By Andrew Macklin


Topics

March 6, 2015 – Attendees of day one of the National Heavy
Equipment Show had plenty of opportunities to learn important information about
the aggregates and road construction industry.

March 6, 2015 – Attendees of day one of the National Heavy
Equipment Show had plenty of opportunities to learn important information about
the aggregates and road construction industry.

 

Four halls of the International Centre in Mississauga, Ont.
were filled with over 200 exhibitors showing off the newest products,
technologies and innovations available for Canada’s heavy equipment industry.
Thousands of people poured through the doors on a bitter cold day to warm up to
pitches from major manufacturers looking to make their case about what they had
to offer the industry.

 

For the first time, thanks to a partnership between Rock to
Road and Master Promotions, the day was also filled with informative seminars
with the addition of Heavy Education.

 

Mike Deckert, Vice President of Flo Components and the
Ontario Hot Mix Producers’ Association, presented a seminar discussing issues
surrounding proper lubrication of heavy equipment.

 

One of the most overlooked issues with maintenance, involving
lubricants, is a minor measure that can cause major damage according to
Deckert. A small discrepancy using grease guns, where commonly operators
understand the number of pumps of the gun that equal an ounce, giving them the
measure needed in order to apply the proper amount of lubricant. As Deckert
explained, many guns now come with varied shots per ounce, often leading to
over and under lubrication causing friction issues that reduce the life of the
wear part. Deckert discussed how auto greasing systems are reducing some of
those issues, but also that operators need to be properly trained properly in
order to be able to identify the potential for improper fluid and lubricant
use.        

 

Heavy Education also focused on financing options as
presented by National Leasing and Deloitte. Three experts from the respective
companies provided valuable information on different funding models for
different types of equipment purchases, and the advantages and disadvantages of
each one. The speakers were:

·     
Carol Stubits, General Manager, Ontario Sales,
National Leasing

·     
Scott Clendenan, Director, Mid-ticket Sales,
National Leasing

·      David Dalziel,
Partner, Audit & Advisory Services, Deloitte

 

The trio discussed
the fact that there are three important questions you need to ask yourself when
deciding on borrowing options for the purchase of apiece of heavy equipment:

1.    
What is the life of the asset and the life of the
debt?

2.    
What are the short-term versus long-term tax
implications of the borrowing strategy?

3.    
Does your available cash meet repayment obligations?

 

Having the answers
to these three questions can go a long way in understanding the best method of
borrowing for your next purchase, and prevent short-term and long-term
financial issues for your company.

 

Day two of the National Heavy Equipment Show kicks off with an industry
breakfast, where the Rock to Road Top 10 under 40 will officially be announced.
Stay tuned on Monday when we will release the list at rocktoroad.com.   


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