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Deere second-quarter construction sales increase 26 percent

May 16, 2012

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Deere & Company's global net sales and revenues rose 12 percent during its second quarter, according to results released today. The company says it was the eighth consecutive quarter of record earnings. Deere said it is "successfully managing major new product ...

United Rentals: RSC fleet sharing in place

May 14, 2012

United Rentals says two weeks past the close of its purchase of RSC its field leadership is in place and there is a cross-company visibility of fleet at the branch level, enabling easy sharing of equipment. The company said in at update ...

Venchurs launches fleet demo program

May 09, 2012

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Venchurs Vehicle Systems has launched a new nationwide demo fleet program in which work truck fleet managers test CNG and Bi-Fuel pickups before they decide to buy. Fleet managers who are interested in adding CNG Ford F-250s or F-350s to their ...

Good news, bad news on construction employment front

May 04, 2012

The construction industry lost 2,000 jobs in April, following similar declines of 3,000 in March and 1,000 in February, but still added 63,000 jobs over the past year as the industry unemployment rate shrank to 14.5 percent—the lowest April level ...

PCA ups forecast, predicts 3.7% increase in 2012

April 30, 2012

Stronger than expected job creation and the beginning of a construction industry recovery means gains in real construction spending will materialize this year—after seven years of consecutive declines.  According to the new forecast from the Portland Cement Association (PCA), increases in ...

United Rentals/RSC merger final

April 30, 2012

United Rentals completed its previously announced acquisition of RSC in a cash-and-stock transaction valued at $4.2 billion, including $2.3 billion of net debt. The combined company will be called United Rentals. United Rentals says the combination of the two companies creates a ...

Volvo CE 1Q sales up 17%

April 26, 2012

Volvo Construction Equipment says it experienced a strong first quarter in 2012, seeing sales rise 17% and record levels of income and operating margin for a first quarter. The company notes these positive results come despite a flat total world ...

Terex 1Q sales increase 16% over 2011

April 26, 2012

Terex announced first quarter net sales of $1,819.4 million, an increase of 44.8% from $1,256.2 million in the first quarter of 2011. Excluding the impact of the acquisition of Demag Cranes, net sales increased approximately 16% from the comparable prior ...

Intermat touts record attendance

April 25, 2012

Intermat show producer Comexposium called last week's construction equipment show in Paris "the best ever," touting 1,350 exhibitors, and more than 200,000 visitors, including 145,082 identified trade visitors (up 15.8% from 2009). “The total value of the equipment on offer over ...

Cat delivers record quarter per-share profit

April 25, 2012

Caterpillar says growth in mining, strong replacement demand for products in the United States and a continued focus on cost management helped it deliver record quarterly profit per share of $2.37 in the first quarter of 2012.  ...

JCB announces 2011 financial results

April 17, 2012

JCB has announced the company’s record financial results for 2011. Turnover last year rose to the highest level in the company’s 66-year history at $4.39 billion, 37 percent greater than the $3.19 billion acquired in 2010 and more than double the ...

New Holland intros wheel loaders, excavators

April 16, 2012

New Holland Construction will be introducing two wheel loader models in Europe, the W270C and W300C and two new excavators, the E175C and E195C, that use the company’s AdBlue selective catalytic reduction (SCR) technology to meet Tier ...
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