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The HDD Broker Blog
HDD Broker had a banner year in 2011, breaking our previous records for sales. We sold into over 39 different countries and attracted viewers to our website from over 100 others. This year also saw HDD Broker's 10 Year Anniversary. We are all very excited over the impact that we've made over the last ten years and we're looking forward to the next ten with equal enthusiasm.
Well, we are back from ICUEE 2011. This was our first time hosting an outside booth at ICUEE and I am glad to say that we found it a great success. For those who don't know, ICUEE is our industry's largest tradeshow. The show itself took place in beautiful Louisville, KY. It was a three day event that took place from October 1st to 3rd. There were many different types of companies present at ICUEE, many of which were already part of our HDD Broker network. Australasia and the Used HDD Market
One of the challenges of living on an island, albeit a very large one, is that there can be a distinct shortage of necessary equipment needed for projects domestically. If we talk about the HDD marketplace, this truth often means that importing equipment from overseas is one of the most common and cost-effective solutions.
The 2011 No-Dig Exhibition in Washtington, DC has come and gone. I am happy to say that attendance was much higher than in the recent UCT show.
By all counts (at least thus far), CONEXPO 2011 has been a very welcomed success. After years of slumping sales, the turnout at the CONEXPO exhibition in Las Vegas this week seems to indicate a positive change in customer perception and general optimism for the coming year.
It was off to a promising start...
2010 was a year of hope for most people. The previous two years of steady economic hardship had steadily worn away at many people's lives, and the first glimmers of stabilization began to emerge. Section 179 Tax Deductions for 2010
Important tax benefit for purchasing depreciating assets may be approaching sunset. Section 179 of the United States Tax Code has offered a substantial increase of potential tax savings and credits in 2010 that is set to expire December 31. Prospective buyers should act now as the future is uncertain for this cost saving opportunity. The State of the Used HDD Marketplace
The Global Economic Downturn has affected almost every corner of the globe, with some areas having been affected to a far greater degree than others. Countries that had previously seen unprecedented growth in the trenchless industry saw a sudden cease of work in that area altogether. Contractors who had drilling contracts in hand one minute suddenly found them evaporate the next. Almost overnight, the landscape of the entire industry changed.
"May you live in interesting times." It’s an old curse that has certainly held true for many people and companies over the last year.
So, you've found the perfect package and now you need to get it to your shop. The most cost-effective method for shipping (in most cases) is to ship by trucking service. What does the Google Fiber Optic Experiment mean to the Trenchless Industry?
Last month, Google announced its plans to build an experimental fiber-to-the-home network in select cities that would offer unprecedented internet speeds - about 100 times faster than what most Americans have today.
I'm thankful to say that the continuing optimism that we are seeing and hearing from our customers and vendors alike was mirrored in the attendance and quality of the recent Underground Construction Technology Exhibition that took place in Tampa, FL last week. Tips When Receiving Freight Off a Truck
Just a reminder on a few points for you and your customers when receiving freight off a truck. Happy Holidays from HDD Broker!
HDD Broker would like to wish all of our customers.. Past, Present and Future... a very Merry Christmas and Happy New Year! Announcing a New Way to Buy from HDD Broker!
HDD Broker is proud to announce the launch of a new and exciting way to buy from the largest and most comprehensive used HDD company in the world! ICUEE Follow Up - Louisville, Kentucky 2009
Amongst the dire news of a stumbling economy, the attendance at the ICUEE show in Louisville, Kentucky was refreshingly good. There was a pervading sense of overall optimism that helped keep the show upbeat.
Well I've just returned after a long, long (long) journey back from lovely, overcast Melbourne, Australia for the Trenchless 2009 Trade show and exhibition. I thought I'd offer a bit of a summary of what we saw, did and accomplished while we were down there! The Changing Demands of the Mid-sized Drilling Contractor
These changing economic times have certainly thrown the world on its ear, in some places more than others. Contracts have been delayed or shut down altogether, and in areas where the work does exist the ability for a contractor to obtain funds for the purchase of equipment to complete the work has diminished substantially. Through all of this, however, the needs and wants of the contractor remain unchanged. Manufacturers have, over time, invested considerable time, energy and resources in to the evolution of the HDD drill, and we have seen the results over the last few years. Strategic Partnership and Business Expansion Caters to the Australasian Market
It is the goal of every successful company to not just serve their customers, but to excel at doing so by catering to the specific needs of their clients. The world is a very large place, made smaller by things such as the internet, however there are specific territorial, cultural and business concerns for each geographical area and it is difficult for one company to handle each area with equal ability.
When a company or individual makes the decision to purchase a piece of equipment, there are typically two routes that are explored. The first, and probably easiest, is to locate an equipment dealer and purchase the piece of equipment brand new. This has several advantages, not the least of which are reliability and warranty for the product. Unfortunately, new equipment also carries a hefty price tag, and not all companies can afford the luxury of purchasing their entire fleet of equipment brand new. Hard Times Show Exactly What You’re Made Of
"In prosperity, our friends know us; in adversity, we know our friends." ~ John Churton Collins The quote above is absolutely true, and no more applicable than in these challenging economic times. The quote was brought to focus for me recently when we did a transaction with a vendor of used tooling that we’d had frequent dealings with in the past. Buying and Selling in the Used HDD Market
I would say that the used market is "finding" itself right now. I think a proper term might be "volatile". What we're seeing is a market where some models of drill are dropping completely off of the map in regards to demand, while others see a very high inquiry rate. Cutting Through the Hype: What the Future Really Holds for the Trenchless Industry
There’s been a lot of talk lately about how the highly-publicized $787 billion economic stimulus package will revitalize the country. A lot of people are holding their breath waiting for the money to come flowing in and take their companies from the threshold of bankruptcy and back into the black again.
What struck me at the Toronto Show was that the directional drilling industry has also advanced really dramatically. When Ivan and I used to go to the shows not so many years ago, there just weren't alot of people around that even heard of directional drilling.
The now-annual NUCA exhibition in Phoenix, Arizona took place March 4-6, 2009. The weather was spectacular, hovering in the mid 70's for the three days of the show. The downtown area of Phoenix was beautiful, with great access to amazing dining and entertainment. Evaluating the Used Rig Market
It’s a different world today than it was yesterday. It will be a different world again tomorrow. I was recently asked to speak at the Underground Construction Technology Exhibition in San Antonio, Texas, and it afforded me the opportunity stand back and reflect on the HDD industry over the last ten years or so and see how it has been affected, and more specifically how the market for used HDD equipment has changed and where it is now. What Does the International Market Offer?
There is a wide selection of HDD drills offered from manufacturers based outside of the US. The quality ranges from next to useless to upper-end luxury, depending upon the manufacturer and the resources that they have to work with in their respective countries. Trenchless Round Table Discussion
It was my distinct pleasure to take part in the first annual Trenchless Round Table Discussion put on by Trenchless World Magazine. Many of the industry's major players were invited to attend, and representatives from many of the trenchless industry leaders made an appearance. Responses from the Trenchless Round Table Discussion
What impact is the current economic downturn having on the trenchless industry? And what are your predictions for your respective sectors for 2009? We’ve heard from the new equipment manufacturers here but I can talk about the used equipment side of things. The Changing Face of the HDD Equipment Marketplace
"The times, they are a'changin'..." An old saying, and one that seems to be accurate regardless of just what the "times" currently are. The expression is, nonetheless, an accurate one, particularly as we talk about the HDD marketplace right now. The Evolution of the HDD Contractor: The Changing Needs and Wants In Today’s HDD Marketplace
As an individual who has constant contact with contractors from all over the world on a daily basis, I have a somewhat unique take on just what exactly it is that the average contractor is looking for in HDD equipment. Our customer base here at HDDBroker includes hundreds of contractors in dozens of countries from around the world, giving us a broad spectrum of companies to compare against.
"What is it worth?" That is a question that most often comes from sellers, but one that I’ve also heard many times coming from buyers as well. This commentary is presented for informational purposes only. It is not intended to be a comprehensive or detailed statement on any subject and no representations or warranties, express or implied, are made as to its accuracy, timeliness or completeness. Nothing in this commentary is intended to provide financial, legal, accounting or tax advice nor should it be relied upon. Neither HDD Broker, Inc nor the author is liable whatsoever for any loss or damage caused by, or resulting from, any use of or any inaccuracies, errors or omissions in the information provided. |
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