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Rita E. Garwood
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MONI TOR NOV/DEC 2017, VOL. 44, NO. 7
(ISSN 1948-190X), is published bimonthly
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RITA E. GARWOOD, MANAGING EDITOR
Daylight is dwindling and, here in the Philadelphia area, we’re beginning to see traces of
Jack Frost’s handiwork each morning. As we enter the final days of the year, it can be beneficial to
take a look back on the highs and lows of 2017 before mapping out a course for the year to come. To
make that process easier for our readers, our 14th Annual Industry Sector Overview issue compiles
industry data and expert insights into the trends shaping the aviation, trucking, construction, materials handling and IT sectors.
I caught up with Jens Hennig from the General Aviation Manufacturer’s Association. With flight
hours up in the U.S. and Europe, he says the industry is finally showing signs of a full recovery from
the Great Recession.
It’s been a slow growth year for trucking. Steve Latin Kasper of the National Truck Equipment
Association and BMO Transportation Finance’s Dan Clark examine the labor shortage, infrastructure delays and overcapacity that contributed to the lackluster performance.
This year began with high hopes for infrastructure spending, which have yet to materialize. Christian
Klein provides an overview of the federal initiatives affecting the construction industry, including
those in limbo. Wells Fargo’s John Crum says a surge in private spending made up for public delays
and predicts a great year for the industry in 2018.
The global forklift industry reached an all-time high in 2016. We examine this data and provide a
ranking of the top 10 materials handling finance sources.
Data from Gartner shows IT spending increased this year. I interviewed John Lovelock about this
trend, which was fueled by a commitment to digital business and a declining U.S. dollar. As the
IT industry becomes more service-oriented, he says businesses that don’t catch up soon will be
In his final edition of Crunching the Numbers, Bill Bosco predicts the Basel Committee’s decision
on international capital rules will negatively affect worldwide economic activity. We thank Bill for
his many years of service to the industry and wish him the best in his retirement.
In Greasing the Wheel, Linda Kester shares thoughts for creating synergy between the sales and
credit departments. Ken Weinberg addresses the issue of fixtures in Tipping the Scales; he suggests
establishing an intention about fixture status in finance agreements. And in Playback, illustrator
Jerry Gonzalez envisions the soon-to-be-unveiled Tesla semi.
Stay tuned for our first issue of 2018, which will focus on asset management. Until then, all of us at
Monitor wish you a happy and healthy holiday season.