Contractors Hot Line October 18, 2024 | Page 32

John Deere has unveiled its new SmartDetect technology for select utility-class and production-class loaders, aimed at improving jobsite safety and operational awareness.

Using a blend of cameras, radar and machine learning, the new technology enhances visibility, helping operators confidently detect objects and navigate busy environments.

The system provides alerts when an object enters the loader’ s path, with stereo cameras offering depth perception and identifying obstacles like people, structures or other equipment.

“ SmartDetect is a crucial addition to our portfolio of precision construction technology solutions, designed to help operators confidently navigate and maximize productivity on busy construction sites,” Katie Voelliger, product marketing manager at John Deere, said.“ Safety is a shared responsibility, and we’ re excited to continue developing solutions that empower operators to work more safely and effectively.”

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The Equipment Leasing & Finance Foundation has released the September 2024 Monthly Confidence Index for the equipment finance industry, reporting a significant increase in confidence to 61.9, up from 58.4 in August. This marks the highest level since January 2022.

“ Many firms, particularly small and mediumsized businesses, have been delaying equipment purchases, citing continued high interest rates and uncertainty about the economy amplified by the upcoming election,” Nancy Pistorio, president of Madison Capital, said.

“ This‘ let’ s wait and see what happens’ mindset has contributed to diminished demand for equipment financing. Assuming the Federal Reserve lowers rates this fall, and once the election is behind us, I think we will begin to see an increase in business volumes. Barring any prolonged adverse reaction from the financial markets to the election outcome, I anticipate a more robust December and first quarter 2025 for our industry.”

Key survey highlights include:

• 40 % of executives expect improved business conditions over the next four months, up from 37.5 % in August.

• 44 % anticipate increased demand for leases and loans, an increase from 41.7 %.

• 24 % expect better access to capital, rising from 20.8 % last month.

• None of the respondents predict worsening U. S. economic conditions in the next six months.