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MDNA’s 78th Annual Convention Coverage | Here’s what you missed

Annual Meeting Highlights:

John Greene, of MDNA Member Firm FL Sales, Inc. was elected President of the Association during MDNA’s 78th Annual Business Meeting and Convention held in Palm Springs CA, at the La Quinta Resort and Club from May 2 to May 5.

This newly elected Officer team also consists of MDNA First Vice President Craig L. Ward of FP Miller Co., Second Vice President Ed Krause of FH Machinery, MDNA Treasurer Dan Wheeler of Wheeler Machinery Sales, Inc. and Immediate Past President Joe Lundvick of Perfection Global LLC.

Here’s What you missed at Convention 

A huge thank you to our sponsors for helping to make the 2018 Annual Convention very special!  See all sponsors displayed below

There were over 150 attendees who participated in a wide variety of programs, seminars and special events.

The Convention kicked off with a Pickle Ball Tournament between MDNA Members, guests, and their families. Congratulations to Brad Wilson of Alternative Machine Tool LLC and Trevor Lundvick, son of Past President Joe Lundvick, for their championship play.  It is always intense when MDNA Members compete, whether over machinery or in sports, and this event did not disappoint. 

This year’s events, educational offerings, and programs included a wonderful history lesson on the MDNA, moderated by MDNA Past President John Conroy, of Machinery International Corp.  This trip through the MDNA’s beginnings and rich past included panel members: former MDNA Member Mark Rogo of Morton Machinery Co. Inc., Tom Scanlan of Surplus Record and MDNA Past President Kim Khoury of Action Machinery Co. Inc. 

The second of three Friday morning programs focused on 3D Printing/Additive Manufacturing.   We learned about the history of 3-D Printing, the origins and how these first machines were used.  Even more importantly, attendees learned about current types of machinery, what machines are selling now, and the potential used market.  There was even a functioning 3-D Printer on hand for demonstration purposes. 

Our Friday Key Note Speaker was Cyber Security expert, Scott Beck.   This program was the direct result of requests from our members.  Cybercrime is at an all-time high and every month it’s breaking new records.  Topics included; 12 Critical IT Security Protections Every Business Must Have In Place Now To Avoid Cyber-Attacks, Data Breach Lawsuits, Bank Fraud, and Compliance Penalties, Cyber Security Made Simple, The Basics Of What You Need To Know To Avoid An Embarrassing and Expensive Breach, Innovation Lessons from The Criminal Underground, 3 Types of Cyber Security You Must Have In Today’s Connected World, and The Evolution of Crime, Why Cyber Crime Incidents Now outnumber Physical Crimes.

Educational Programming concluded on Saturday with a program conducted by the Association of Machinery and Equipment Appraisers.   It was light, entertaining, competitive; and, as always, educational.

PowerPoint Presentations from the Convention Programming will be available on MDNA .org in the Member’s Only Back-Office under Resources.

This year’s Convention Exhibitors included: CIT Bank; Heartland Industrial Group; LOCATOR Services, Inc.; and The

Notable Awards Presented

Dan Wheeler of Wheeler Machinery Sales Inc. was presented with the Dick Goldstein Leadership Award.  This was presented to Dan for his exemplary leadership of the Membership Committee and his prior service to his chapter on the West Coast.

Senior MDNA Board Member and former AMEA President Jim Zvonar of Industrial Machinery Corp., was honored with the Earl Elman Distinguished Service Award for his outstanding contribution to MDNA and the used machinery industry.  Jim’s company was one of the founding members of the MDNA and Jim’s personal involvement in the MDNA and the AMEA has spanned many years. 

Paul Lashin and Michael Feinstein

At Saturday Night’s Presidential Banquet MDNA Past President Michael Feinstein of Universal Metalworking Equipment Inc. received one of MDNA’s highest honors, the Randal K. Vinson Award.  Named in honor of MDNA’s Professional Staff Director for many years until his retirement in 1965, this award is presented to individuals in recognition of and in appreciation for outstanding and continuous contributions to the advancement of MDNA and the used machinery industry.  In presenting this award, MDNA Past President Paul Lashin of Prestige Equipment Corp mentioned Michael’s Service to MNDA and its subsidiaries but went on to talk about how Michael had been a mentor to those following in his footsteps.   In accepting the award, Michael thanked the association for being such an intricate part of his life and he also thanked his loving and supportive family and wife Judy.

The Austin D. Lucas Scholarship Fund raised $30,000 during this year’s Convention through the annual Ray Roberts’ Raffle.  Winners Included:
  • Jeff Miller Maynards Industries USA LLC- $1,000
  • Brad Wilson Alternative Machine Tool LLC- $1,500
  • David Ruth, Freedom Machinery Company, Inc. – $2,000
  • Mike Reeves, Automatics & Machinery Co. Inc.- $10,000

Special thanks are owed to John Conroy, Convention Committee Chairman; and John Greene, Seminars Committee Chairman and their committees for putting together a great mix of interesting, entertaining and educational seminars, parties’ social activities and networking events during this year’s Convention.

To view the online photo album with more photographs from MDNA’s 78th Annual Convention visit the MDNA Facebook page here. 

Thank You Sponsors


prest AMEA logo Final

MDNA West Coast Chapter

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TDI logo resellcnc_standard_CMYK[1]





Palm Springs CA —– John Greene, CEA, of MDNA Member Firm, F L Sales Inc, was elected President of the Association, during MDNA’s 78th Annual Business Meeting & Convention held in Palm Springs CA, at the La Quinta Resort and Club, May 2 to May 5, 2019.  Mr. Greene’s company is located in Walton Hills, Ohio.

This newly elected Officer team also consists of MDNA First Vice President Craig L. Ward, CEA of FP Miller Co., Second Vice President Ed Krause, MDNA Treasurer Dan Wheeler, CEA and Immediate Past President, Joe Lundvick of Perfection Global

About MDNA:

MDNA is an international nonprofit trade association, established in 1941 to promote the used machinery industry. MDNA members include machinery dealers, auctioneers, and appraisers. Our dealer and auctioneer members offer the most extensive selection of used machinery in the world, with thousands of machines available in warehouses and plants across the globe. Visit us at

Media Contact:
Jennifer Gray
Marketing Manager

Piranha 280-10 Hydraulic Press Brake

How Does a Modern Press Brake Work?

Written by Brad Boatright from MDNA Member Firm, Southern Fabricating Machinery Sales, Inc., Published on May 15th, 2019 

If your asking yourself “What is a press brake?” or “How does a Press Brake work?” then this is a great place to start. In this article, we describe what a press brake is and the very basics to press brake operation while providing some great links to other articles going further in depth into press brakes and their operation.

A press brake is a machine used to precisely form pre-cut metal shapes into components sheets as panels, boxes, and brackets. The press brake utilizes a fixed bed Piranha 280-10 Hydraulic Press Brake to hold the bending dies and a moveable ram to which the forming “Punch” is affixed. The operator places the pre-cut formed metals under the Ram “Punch” and then moves the ram down into the material and then the lower die. This action forces the metal to bend into an angle. By precisely controlling the depth of the punch’s motion the bend angle can also be precisely controlled. Press brakes can be manual machines but are more and more likely to have a CNC Controller on them allowing for complex bending operations with ease.

Note: You can read more about press brakes in this great guide entitled: Introduction to Press Brakes

The material being bent upwards is called the “Flange” and it is measured and controlled for accuracy through a device on the press brake mounted in the rear of the machine called the “backgauge”. The backgage is controlled by the CNC controller on the press brake and through a program input by the operator controls the position of itself and a series of material stops, called “fingers” on the gage itself. Once the gage is properly positioned the operator places the material to be formed over the bending die, pushes it forward and rests it securely against the gage fingers of the backgage for forming in order to obtain the proper flange dimension.

Press brakes can be driven by a variety of methods including Mechanical Flywheels, Hydraulic Pistons, and Electric/Belt Positioning. Here is a past article titled What’s Driving Press Brakes we detailed these different press brake driving mechanisms and while each method has a unique advantage, they also each carry a disadvantage. In general, the hydraulic drive systems are the most popular as they have a great combination of performance vs. price.

About the Author: Brad Boatright (From MDNA Member Firm, Southern Fabricating Machinery Sales, Inc.)  Brad’s experience in machinery sales provides our customers with a wealth of know-how. Having represented such manufacturers such as A&V Waterjet, Hydromat, Daewoo, OKK, Mitsubishi Dianichi, and Hurco. Brad can help you pick the right machine for your needs and budget. 813-444-4555 x111
For more information on equipment or to buy, sell or trade them you can also contact any of MDNA’s machinery dealers, located around the world, by using the Find Members>Search tool on Or you can Find MDNA Members by region here.

Simple Steps To Move Your Vertical Milling Machine

Proper Lifting and Moving Techniques for Vertical Milling Machines

Written by Tim Cromwell, CEA, A&A Machinery Sales (MDNA Member Firm) Published on April 24th, 2019. 

“You mauled that milling machine!” You mauled that milling machine!” This is what I heard in the aftermath, as two men moved the Bridgeport Mill and it fell off the loading dock.

The buyer had his forks under the mills base and no straps.  When he drove off the loading dock onto the flatbed, the trailer dropped a few inches but enough to get the vertical mill to tip and fall off the trailer on to the ground.

If you have visited many auctions or spent much time in machine shops, you have seen it. A vertical milling machine lying on its side, oil spilling on the floor and broken handles. There are many ways to move machines, but only a few ways to do it correctly.

Use these simple steps below to move your vertical milling machine safely and securely.

Pick up the Vertical Milling Machine under the Ram

This can be done from the sides, the front or the back.

Loading from either Side (Recommended)

  1. Lift your forks and spread them to just fit around the column. 
  2. Move in until the forks have extended past the Ram. 
  3. Place rubber pads or wood between the forks and the ram. This creates friction to reduce the chance of sliding 
  4. Put oak or solid wood timbers between mill and the back of the forks. This will stop the mill from sliding back towards the forklift. 
  5. Run a cargo strap around the mill and attach to the mast. This will stop the mill from sliding off of the forks 

Loading from the Front or the Back

  1. Lift your forks and spread them to just fit around the column.
  2. Move in until the forks are to the end of the Ram (Forks will be parallel with the Ram)
  3. Place 4×6 oak or solid wood timbers on top of the forks and under the Ram. Make sure to keep the timbers close to the column.
  4. Put oak or solid wood timbers between these 4×6 timbers and the back of the forks. This will stop the mill from sliding back towards the forklift.
  5. Run a cargo strap around the mill and attach to the mast. This will stop the mill from sliding off of the forks. SIMPLE STEPS TO MOVE YOUR VERTICAL MILLING MACHINE


    About the Author: Tim Cromwell, CEA, is a Manager of Sales & Acquisitions for A&A Machinery Moving & Sales an MDNA Member Firm. A&A Machinery is an industrial rigging and machinery moving contractor and service provider located in the Greater Philadelphia Area. 

    For more information on equipment or to buy, sell or trade them you can also contact any of MDNA’s machinery dealers, located around the world, by using the Find Members>Search tool on Or you can Find MDNA Members by region here.

    If you are looking for transporting services for your machinery please contact one of MDNA’s trusted Premier Vendors here. 

Stretch Double Drop Deck Trailer

Shipping Machinery — The 8 Choices in Transporting Machinery

Written by Brad Boatright from MDNA Member Firm, Southern Fabricating Machinery Sales, Inc., Published on March 13th, 2019 (This is Part 3 of a 3 part series on Shipping Machinery) 


Depending on the type of equipment you’re moving, there are many different equipment options to choose from when shipping machinery. From box trailers to flatbeds, your trucking broker or trucking company has a wide selection of tools to help make your machinery move smooth, safe and affordable. Below is a selection of the most common trailer types along with their carrying/load capacities. It’s a good idea to familiarize yourself with these terminologies and descriptions when discussing your equipment move. (Note: Photos Courtesy of Nationwide Transportation, Inc.)


This trailer accommodates freight with the maximum legal weight and dimensions shown below. It’s also available in a few variations—such as the Curtainside (hard pan top with tarp sides) and the Conestoga (the convertible of trailers):


This trailer accommodates freight with the maximum legal weight and dimensions shown below:


This trailer accommodates freight with the maximum legal weight and dimensions shown below:


This trailer accommodates freight with the maximum legal weight and dimensions shown below:


This trailer accommodates freight with the maximum legal weight and dimensions shown below:


This trailer accommodates freight with the maximum legal weight and dimensions shown below: 


This trailer accommodates freight with the maximum legal weight and dimensions shown below:



This trailer accommodates freight with the maximum legal weight and dimensions shown below:


Stretch Double Drop Deck Trailer

Whether you’re moving a few thousand pounds of equipment or a few hundred thousand pounds, your trucking representative has all these tools (and a few more) available to them to ensure your load is moved safely. From standard flatbeds to over-dimensional, over-weight, and multi-axle loads, your rep can assist you in getting the right equipment at the right price.

If you are moving any machinery or electronically-controlled equipment, always make sure your loads are shipped via an Air-Ride Trailer (which reduces vibration tremendously) and is fully enclosed or tarped to prevent water invasion during transport. Tarping your load might cost a few dollars more, but it’s well worth the investment to avoid the risks involved in moving the load un-tarped.

Call the machinery experts at Southern Fabricating Machinery Sales, Inc. today for more answers to your questions about transporting your equipment—or just questions about equipment in general. We love to chat with our customers about all the ways we can save you money, frustration, and headaches, including with transportation.

About the Author: Brad Boatright (From MDNA Member Firm, Southern Fabricating Machinery Sales, Inc.)  Brad’s experience in machinery sales provides our customers a wealth of know-how. Having represented such manufacturers such as A&V Waterjet, Hydromat, Daewoo, OKK, Mitsubishi Dianichi and Hurco. Brad can help you pick the right machine for your needs and budget. 813-444-4555 x111
For more information on equipment or to buy, sell or trade them you can also contact any of MDNA’s machinery dealers, located around the world, by using the Find Members>Search tool on Or you can Find MDNA Members by region here.

Offshore Fishing

If you are planning to attend MDNA’s Southern Regional Chapter Meeting In Key West, FL make sure you book the offshore fishing now. It will fill up! 

Key West is coming up quick and if you would like to join us Saturday for offshore fishing you will need to book it now or chance them being full. EVERYONE IS INVITED: WIVES, GIRLFRIENDS, SIGNIFICANT OTHERS, KIDS, DISTANT RELATIVES, WHATEVER. Although this is optional, and there are plenty of other activities in Key West, this will be a blast. 

Here is the link below to book.  MAKE SURE YOUR SELECTING SATURDAY THE 16th DEPARTING AT 10AM

Rates are $65 per person for adults and $35 per Child under 12. Add an additional $5 for a rod rental fee and your covered. The trip is from 10AM to 4PM Saturday March 16th, 2019. Bring Sunscreen, Sunglasses, a HAT and a “Small” cooler with food and drinks (yes alcohol is allowed) and snacks too. Any questions just call GULFSTREAM FISHING at 305-296-8494.

It’s a good idea to take Dramamine if you are unsure if you may get seasick several hours before departure. 

Bring a few bucks for contests we will have, like the “largest keeper fish” and “first keeper fish” on the boat. You will also gain the Chapter Bragging rights for years to come, so book now.

These trips Book up and are often sold out.  Once this is sold out, you will be out.  YOU CAN CANCEL 24 HOURS IN ADVANCE IF YOU’RE NOT SURE.

For information on the meeting or to RSVP for that go here: MDNA’s Southern Regional Chapter Meeting



5 Reasons Why an Appraisal Makes Sense for Your Company

By Mike Lachant, C.E.A. MDNA Member Firm, MI-RO Machinery Corp. 

Published on March 6th 2019 

An appraisal, by definition, is an opinion of value.  Who provides that opinion, and the reasons why that opinion is sought out, go hand in hand.  Here are 5 reasons why an appraisal makes sense for business owners of all sizes.

Plus, read more about the experts you should hire to do your Appraisals below.

  1. A company is growing: As a manufacturing company takes advantage of its competence and its success, it needs to take strides to maintain their edge and expand their capabilities.  Owners can go to their banks or the myriad of financial institutions to arrange for financing their expansion, whether it is their building that needs expanding or their capabilities.  Owners can use their existing equipment as a borrowing base to secure the financing necessary, and by having a professional appraisal of their equipment done, the financial entity will know what the equipment is worth reliably and will loan against it with confidence, knowing that an industry expert (AMEA Appraiser) has done the work.


  1. A company is in trouble: There are times when a company hits a rough patch and needs a financial lifeline.  Many times that comes in the form of a loan or line of credit.  Similar to the above scenario, the financial institution that the owner goes to will need to know what the company’s assets are worth in the event the company defaults on their obligation, and a liquidation will need to be conducted.  Chances are the lender will request an orderly liquidation value appraisal, which is a somewhat pessimistic value concept popular with banks and leasing companies who require a realistic, almost worst-case scenario valuation.


  1. Estate planning: Every family-owned or small to mid-size manufacturing company needs to have a succession plan in the event of the death or incapacitation of the owner(s).  Most legal professionals would recommend an appraisal of the company’s assets in the event of a worst-case scenario, especially an unexpected one.  Knowing what a manufacturing company’s assets are worth eases the burden for the surviving members at a time when their emotions and mental focus are elsewhere.  A seasoned machinery expert can provide an appraisal that can be used to establish asset value for surviving family members when it comes time to settle the estate.


  1. Partnership changes: There are times in any relationship, including business partnerships, when a change is needed.  Whether it is one owner buying out another due to differences in personalities, vision for the future, or change in life plans, having a current equipment appraisal helps establish a value for the whole business, and allows one partner to buy out the other with as few bumps in the road as possible since all parties were involved in having the appraisal done, and are confident in the appraiser’s knowledge of the equipment and the marketplace.


  1. Insurance Coverage: When insuring the building, it is a necessity to have the contents valued as well.  Accidents and natural disasters can happen in all areas of the country (and the world), so having the manufacturing assets valued professionally allows underwriters to confidently insure the contents of a factory knowing that someone with familiarity with the market and asset pool performed the appraisal.  It gives the policy holder a level of comfort knowing that they are covered fully in the event of disaster.  It is recommended that a fair market value concept be used, as it depicts a real-time snapshot of what it would cost to go out and buy replacement equipment on the open market at a moment’s notice.


Consider these experts when looking for an appraisal…

Members of the AMEA (Association Of Machinery And Equipment Appraisers) are CERTIFIED-appraiserindividual machinery and equipment appraisal professionals who have demonstrated their proficiency through testing, peer review and continuing education. Their experience and expertise range from three to fifty plus years, and they specialize in and are not limited to metalworking, plastics, construction, chemical, woodworking, textile, food processing, printing, rubber, steel mill and foundry machinery and equipment. Read More….

Increase Your Machine’s Capacity with a 4th or 5th Axis

Written by John Butz from MDNA Member Firm, Resell CNC. |Published on Feb. 28, 2019

Time is money.  Would you like to make more money with your VMC?  Would you like to be more efficient and productive with your VMC?  The easiest way to increase your VMC capacity is by adding Indexers, Rotary Tables, and Trunnion Tables.

Vertical machining centers cost considerably less than horizontal machining centers.  Today, affordable Indexers, 4th Axis rotary tables and trunnion tables have turned simple 3 Axis Vertical Machining Centers into productivity machines.  While many of us would love to buy the latest and greatest Horizontal Machining Center with all the bells and whistles for doing complex parts the price tag often keeps many shop owners from making that step. Many shops find horizontal machining Centers just too expensive and hard to justify for the type of work or quantity of parts being produced.  In the past Horizontal Machining Centers were 3-4 times the amount of a Vertical Machining Center.  This produced a challenge for shop owners who needed 4 and 5 axis production.  Therefore, many shop engineers used multiple machines to complete the parts.  In today’s competitive world touching the part cost money.  Every time a part has to be moved from one machine to another creates extra time and increases quality concerns. When you do more machining in one operation and avoid handling the workpiece, productivity and accuracy goes up. Unclamping and re-fixturing a workpiece is timely and increases the risk of error. 

Haas T5C4 Tilting 4 Head 5C Indexer

If you’re going to retrofit an existing machine, contact either the original supplier or the companies that offer the rotary tables.  There are several manufactures of indexers and rotary tables that allow VMC to be more versatile and productive.  Some of the best known brands are HAAS, Kitigawa, Tsudakoma, Sunnen, Nikken, SMW, Yuasa, and Troke.  These accessory items really work and give shop owners many benefits of a HMC at a fraction of the price.  The accuracy, rigidity and speed of these rotary units are helping the 3 Axis VMC become a little brother to the more expensive HMC.  Today, more and more owners are taking advantage of used CNC Indexers,  used 4th Axis Rotary Tables and used 5 Axis Trunnion tables.  Haas Automation has made it easy and inexpensive to add on 4 and 5 axis new or used Haas rotary products for Vertical Machining Centers.   While many of the other manufactures continue to make it difficult to add on accessories in the field,  Haas automation has simplified the process by installing a new or used 4th axis indexer with drive card and wiring.  These parts can be ordered from your local HFO – Haas distributor or the Haas  website.  Haas makes it very easy when adding used HAAS 4th axis products to their VMC.

Haas TRT210 Tilting Rotary Table

The most common choices to increase capabilities on your Vertical Machining Center are Indexers and 4th Axis rotary tables.

The word indexer can be misleading.  Many Index tables have full rotary capabilities while others have minimum increment of indexing, such as 15 degree, 5 degrees, or 1 degree.  The most popular indexer is the Haas HA5C collet closer indexer.  Haas 5C indexers are easy to program, interface and setup.  The HA5C 5C collet Indexer will need 4th –axis drive for full 4th axis operation or a rotary control box for stand- alone operation.   Indexers  hold parts by means of a manual or air-actuated collet. Round parts, or parts mounted to a shaft, insert quickly and easily into the collet. Collet indexers lend themselves well to production of multiple small parts, with some manufacturers offering multiple-spindles,  1-2-3 or 4 headed spindle designs for  increased productivity. 

Haas HA5C Indexer
Haas HA5C Indexer

4th-Axis Rotary Tables for your Vertical Machining Center

Rotary Tables greatly increase productivity for VMC’s.   4th axis rotary tables give us the ability to automatically position the workpiece so that multiple sides of a part can be machined with one setup.  Rotary tables can be mounted vertically or horizontally for added versatility.  Chucks and fixtures can easily be mounted on the table depending on the size and configuration of the material being milled or drilled.  Typically, this reduces machine idle time and increases accuracy and productivity. When multiple parts are mounted on a rotary table, setup time, cycle time and the number of tool changes are reduced. One example, would be a part with angled flats or cross holes being machined with one setup on a rotary table, in contrast with multiple setups.  Other fixtures and tooling, such as tombstones, allow multiple sides of multiple parts to be machined with fewer tool changes.  The most common rotary table is the HAAS HRT160 (6.3” table) and the HAAS HRT210 (8.3” table). Both units require a HAAS 4th Axis drive for full 4th axis operation, or a HAAS rotary control box for stand-alone operation. 

Haas HRT210 Rotary Table
Haas HRT210 Rotary Table

Adding 4th & 5th Axis rotary tables and  Trunnion Tables to maximize your Vertical Machining Center.

4th & 5th Axis Rotary tables & Indexers can turn your VMC into a 5 Axis simultaneous machining center. 4th and 5th Axis capability increases dramatically and so does productivity.   With the ability to position to nearly any angle for multi sided parts you vertical machining center can transform the way you process parts.  Adding a 5th axis of motion (tilting the 4th axis) can provide even more versatility, and allow machining of very complex parts in one single setup. This opens up all kinds of opportunities for new jobs.  Machining in 5-axes can produce extraordinary detail and amazing complex curves. Work typically not produced on a VMC. There are two kinds of 5-axis rotary tables, tilting tables and trunnion tables. Tilting tables consist of one rotary unit mounted to the platter of another to provide two axes of motion, usually 360 degrees of rotation and ±120 degrees of tilt. Trunnion tables provide support for heavier machining. Both types provide precise positioning in the 4th and 5th axes.

Haas TR160 Dual Axis Trunnion Table
Haas TR160 Dual Axis Trunnion Table

Make your VMC more efficient and productive by adding an Indexer, 4th Axis Rotary Table or a 5 Axis Trunnion Table. Retrofitting is affordable, worthwhile and relatively inexpensive.  Buying a pre-owned Haas or used HAAS 4th Axis table will save you even more money.  HAAS makes it affordable and simple to add on used HAAS CNC accessories or HAAS rotary tables to their VMC’s.

About the Author: John Butz is the CEO and Founder of Resell CNC (  Resell CNC (MDNA Member Firm) is one of the largest buyers and sellers of CNC machines and accessories in North America and has twice been named by INC 500 fastest growing companies in America. 


If you are interested in finding Used 4th Axis Rotary Tables see  Resell CNC is has many different HAAS Indexers and Rotary tables to choose from.  Many of the rotary tables are from the HAAS factory and packaged in original Haas crates.  Now you can save up to 65% off. For more information, please contact  Resell CNC. 844.478.8181 or email

For more information on equipment or to buy, sell or trade them you can also contact any of MDNA’s machinery dealers, located around the world, by using the Find Members>Search tool on Or you can Find MDNA Members by region here.

The More You Know, Q&A With Arnold Equipment Co.

Member Profile
Q&A with Arnold Equipment Co.
MDNA Cleveland Chapter

Question: When and how did you get your start in this business? 

Jon Arnold: “Back in the fall of 1994 I was laid off from my job as an afternoon drive Radio DJ in Wisconsin. Yes it was fun but I like to eat on a regular basis and the money was horrible. My dad, Nate Arnold, gave me the option of joining the family business which I always said I never would. He said try it for a few months and if you don’t like it then you can do something else. “I’m now beginning my 25th year in the business. I’m happy to report that I’m so glad I decided to give it a try. Until I can make a living doing online karaoke, I will always be a machinery dealer.”

Question: Where are you located and do you have a warehouse? 
Jon Arnold: “My office is in Twinsburg, OH and my warehouse is in downtown Cleveland, OH. I also have locations in Hiram and Ravenna, OH.”
Question: Is there anything else you’d like fellow MDNA Members to know? 
Jon Arnold: “You get out of it what you put into it. Not only do I make money with these people, I have made some of the best friendships with MDNA Members. My wife and I always look forward to MDNA’s Annual Convention where we get to see old friends, make new ones and find new opportunities to make money which is why we’re all here.”
Get In Touch With Jon Arnold
Tel: 216 831 8485


The MDNA is made up of extraordinary companies and amazing individuals, unique because of our national and global reach.  MDNA is committed to sharing the story of each of our members.  If you are interested in having your company profile spotlighted in this way please email and mention that you would like your company profile shared.
MDNA President – Joe Lundvick, CEA
Perfection Global, LLC

Equipment Investment: A Review & Forecast 2018/19

Written by Tyler Magnuson, MDNA Member Firm, Hilco Valuation Services, LLC 

Published on February 18, 2019

Earlier this month, the Equipment Leasing and Finance Association published their report forecasting the 2019 Equipment Market. The report concluded that “Equipment investment jumped by nearly 8% overall last year but tailed off toward the end of the year. The total is expected to grow by just more than 4% in 2019.” What’s more, “The most recent Manufacturers’ Outlook Survey from the National Association of Manufacturers showed 2018 as the best year ever for manufacturer optimism” (Moutray). Despite this optimism, we saw equipment investment trail off in Q4 2018. Why? The primary driver is believed to be economic uncertainty. With financial conditions tightening and growth slowing down, investors were becoming more and more concerned about a possible recession – which left the Federal Reserves’s foot hovering over the economic brakes. But in order to understand how this all affects equipment investment, we must look into the Fed’s goal of price stability and furthermore, its implications.

Price Stability

One of the Federal Reserve’s main objectives is price stability, which entails keeping inflation at around 2% per year. When it looks like the economy is strong enough that inflation could threaten to exceed 2%, and therefore price stability, the Fed tries to head it off by slowing economic growth. This is called contractionary monetary policy, and it is achieved through raising short-term interest rates. By doing so, the Fed increases the cost of borrowing and effectively reduces its attractiveness.

Think of housing, for instance. If mortgage rates go up, then you will be less inclined to take out a loan to purchase a home. The same concept can be applied to businesses. As short-term interest rates increase, companies’ willingness to borrow decreases. Less borrowing means less money spent on equipment, land, R&D and, ultimately, the economy. The goal here is to prevent the economy from overextending itself. If done just right, it can act as a brake on inflation. Done too aggressively, it can trigger a recession.

The Fed’s Position

In 2018 the economy was growing rapidly, and the unemployment rate was falling. Historically speaking, a growing economy with falling unemployment should yield high inflation down the line. Based on this, the Federal Reserve raised interest rates four times in 2018. All said and done, they hiked interest rates from 1.5% to 2.5%. However, a rise in inflation never came. Instead, inflation started falling, and when it was done, it had fallen below the Fed’s target of 2%. In December, the Fed rose interest rates for the last time. They also forecasted two more increases over the course of the upcoming year.

However, the Fed revised this projection after its most recent meeting. In conclusion of that meeting, Chairman Powell announced that the Fed’s policy stance is “Appropriate” and that the “Policy rate is now in the range of the committees estimate of neutral” Which meant that at the current rate we were neither speeding up nor slowing down economic growth. Getting back to “neutral” was vital for the Fed because it allowed them to put financial crisis in the rear-view and begin focusing their attention elsewhere. More importantly, this implied that the Fed was no longer in the business of tightening monetary policy.

Outlook 2019

Despite their trepidation in 2018, the Fed’s threat of increased interest rates has subsided. Coupled with sound economic growth and a healthy rate of inflation, we can expect to see equipment investment pick back up in 2019. With market confidence up, businesses have shown a greater willingness to move on large capital purchases. Chad Moutray, chief economist for the National Association of Manufacturers, wrote an article stating “Today, about nine in 10 [sic] manufacturers are optimistic about the future, and other sentiment releases have reflected similarly positive assessments. Manufacturing leaders feel upbeat about future growth in new orders, output and employment.”

Written by Tyler Magnuson, from MDNA Member Firm, Hilco Valuation Services, LLC 


Works Cited:

Szal, Andy. “Equipment Investment Expected to See Continued Growth in 2019 [Report].” Thomas For Industry, 04 Feb. 2019, 

Moutray, Chad. “Manufacturers are gung-ho for 2019 – for good reason.” The Hill, 08 Jan. 2019,