MTS Journal

2017  •  Volume 33  •  Issue 4

This issue includes updates on education, quality standards, finance, railcar equipment, scope of work, appraisal review, craft brewing, sector, autonomous driving semi trucks, and the mining, trucking, and manufacturing industries.
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Articles from this Issue

MTS Journal Editorial

A special note from the Editor of ASA’s MTS Journal.
PAGE 4 Brad Hartsburg, ASA, CPPA, CSA

Chairman's Corner

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 7 Samuel Shapiro, ASA

Governor's Bulletin

Important information and updates from MTS Discipline Governors.
PAGE 8 Richard Berkemeier, ASA and David Crick, ASA

Writing: A Critical Attitude?

Insights into the art of writing.
PAGE 13 Jean White

Equipment Appraised Values In Light of Equipment Finance Documentation and End of Lease Returns

Appraisers must consider certain aspects of the ‘financing documentation’ as it pertains to equipment condition, definition of value and perhaps the situation.
PAGE 19 Chris Condon, ASA, CSA

Scope of Work within Appraisal Review

This article will focus on the Scope of Work disclosure for use within a Review Report.
PAGE 24 Joel D. Gonia, ASA – ARM & MTS

Following the Changes in the Mining Sector

Insights into changes in the mining sector and the importance of ASA's ME214 class - The Identification and Appraisal of Mining and Mineral Processing Equipment.
PAGE 28 Alan C. Iannacito, FASA

Gauging Competency in Appraisal Review

Directly judging an appraiser’s competency can be a tricky and unrewarding process and can expose the reviewer to charges of liable and defamation. A more pertinent and useful approach is to focus on reviewing the appraisal—not the appraiser.
PAGE 33 Jack Young, ASA—MTS/ARM, CPA

The Craft Brewing Craze and the Valuation of Brewing Equipment - Part Two

Part 2: The US/Canadian brewing industry has evolved to re-vitalize brewers consisting of regional craft breweries, microbreweries, and brewpubs. As appraisers, we want to understand the brewing industry processes as they relate to the equipment we value.
PAGE 35 Alan C. Iannacito, FASA

The State of the Evolving Manufacturing Sector

Insights into the ever-changing manufacturing sector.
PAGE 40 John Hagist

IRONTRAX LLC Mining Industry Insight (Fall 2017)

Insights into the mining industry including the advantages of having a diverse energy grid, the outlook for the coal industry, actions taken by the EPA to scrap the Clean Power Plan, the growth in oil demand anticipated by OPEC, and more.
PAGE 42 Joseph Santora, ASA

IRONTRAX LLC Trucking Industry Insight (Fall 2017)

Insights into the trucking industry, including expectations regarding higher compensation for truck drivers, President Trump's targeting of truck drivers to sell his tax reform plan, Warren Buffett's purchase of Flying Pilot J, and more.
PAGE 46 Joseph Santora, ASA

IRONTRAX LLC Electric, Self-Driving Trucks — The Way of the Future

Electric trucks provide lower operational costs, noise reduction and environmental benefits. While up-front costs are prohibitive, many continue to work toward commercially viable electric trucks to reduce diesel pollutants and greenhouse gas emissions.
PAGE 50 Joseph Santora, ASA