Business in 2008 and 2009
Our company, along with the rest of the industry, has experienced challenges this year. I am optimistic that our continued focus, and the right team of people, will successfully get us through the next 18 months.
Critical issues
It will take an estimated $1.6 trillion during the next five years to improve America's infrastructure. Newly elected officials must recognize this need when determining infrastructure spending. The construction industry needs to reinforce the importance of our infrastructure because spending on new highways, bridges, water treatment plants and rail transportation creates jobs. Under-investing in our infrastructure has put us in a challenging position, but choosing to address it now could be the first step in helping our economy.
Business and Technology Trends
Customers will continually expect higher quality, enhanced service levels and value. All of our development is centered on these issues. We continue to monitor the market's expectations and strive to successfully stay ahead of the competition with a complete package of products.
Additional Thoughts
It should be no surprise that many people are talking about a downturn in the industry. Operating in this industry means that companies must be able to achieve success in a cyclical arena. We pride ourselves in delivering to our customers' expectations at the peak as well as the trough of demand. We do so profitably, which enables us to respond rapidly to market demand swings. We are currently poised to respond rapidly to the next upturn in demand when the market calls on us to do so.