Question-and-Answer Session
Operator
(Operator Instructions) Your next question comes from Henry Kirn – UBS
Henry Kirn – UBS
Question about the trench safety business since that’s one of the early indicators on when things get better. What do you see in there?
Michael Kneeland
It has seen an impact this year, Henry like it’s been affected by the overall economy just like every other segment of the company. What we are seeing is it is starting to see some benefits around the stimulus spending as more projects come forward and just to kind of give you a quick update on that, roughly there’s about just under 7000 projects that have been funded that are in the pipeline and that roughly is about $35 billion of spend.
A lot of that is around infrastructure. We have been tracking those through the course of the year and some of the projects that we’re seeing in spending as benefiting them like the Minneapolis utility tunnel and sewage treatment plant, the project I mentioned last quarter in Salt Lake City as well as other projects in New York and across North America. So, next year it should benefit very well as the stimulus package starts to unfold.
Henry Kirn – UBS
In terms of your fleet, could you talk a little bit about maybe by type of fleet where you would be looking to still add fleet and de-fleet as we go to the next nine months to a year?
Michael Kneeland
It’s the same program we’ve been mentioning all along will be de-fleeting in aerial and adding more I would say de-fleet. We’ll change our mix so that we’ll not be adding as much aerial. We will be adding more earthmoving and then some other products as well as we go into the industrial sector, but I would say that when you look at forklifts; forklifts, we’re not going to be expanding reach forklifts. You’ll see us expand in the arena of industrial forklifts.
Operator
Your next question comes from Manish Somaiya – Citi
Manish Somaiya – Citi
First one on used equipment prices, we did see used equipment prices improve in July and August and I wanted to get your thoughts if that is sustainable.
Michael Kneeland
If you go through time and you take a look at the past, as you go into the fourth quarter, historically our used prices come under pressure. My sense was that will continue as we go through the fourth quarter, but then as we start to come through in February, they should bounce back as you’re starting to see the stimulus package and earthmoving type related jobs start to move forward.
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