Large equipment prices on the rise: Ritchie
Large equipment auction firm Ritchie Bros. is reporting price inflation across all equipment categories in its latest Used Equipment Market Trends report. U.S. truck tractor prices increased eight per cent over the three months ending December compared to in 2019. In the U.S., 2020 was also a strong year for multi-terrain loaders. In the first three quarters of 2020 Ritchie Bros. sold over 2,750 multi-terrain loaders for US$64 million, just behind the total multi-terrain loader sales for 2019.
Construction employment down slightly in December
Statistics Canada reported Friday that national employment in construction fell by 2.9 per cent in December compared to November. A total of 1.401 million workers were employed in the sector in December, down from 1.404 million in November. The staffing change from December 2019 to December 2020 was negative 0.2.
Ambler Road project receives final federal authorization
Vancouver-based Trilogy Metals Inc. has announced the Alaska Industrial Development and Export Authority has issued the final federal authorizations for the Ambler Road Project in Alaska. The Alaska Industrial Development and Export Authority has signed agreements for Right-of-Ways for the Ambler Road Project with the United States Bureau of Land Management and the National Park Service for a 50-year right-of-way on federally owned and managed land by the federal agencies for the future development of the Ambler Mining District Industrial Access Road.