The rate at which prices are increasing is starting to level, but higher costs linger. The Producer Price Index for construction equipment and machinery recorded a 2% increase in September but is 30% higher than it was in 2020. Fleets continue to feel those effects.
Rod Sutton is the Editorial Director at Construction Equipment magazine. He covers a variety of topics within the construction and real estate sectors, including general assignment news, government and politics, engineering, and robotic engineering, with a focus on issues related to OSHA, energy, and mining. Rod's insights and expertise have been featured in Construction Equipment magazine.