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Business: Page 198
Business
Daimler recalling Freightliner, Western Star trucks
Daimler Trucks North America is recalling more than 103,000 of its Class 8 trucks manufactured between 2006 and this year, it said in a notice to the National Highway Traffic Safety Administration. The recall is to fix an engine fuel line that could be damaged during maintenance, NHTSA said. “The pump to rail high pressure […]
March 13, 2012
Business
Volvo Rents acquires Great Plains Rent-All in OK
Volvo Rents has acquired Great Plains Rent-All, a four-store equipment rental company based in Southern Oklahoma, with stores in Ada, Ardmore, Duncan and Durant. The company says this latest move is part of the company’s recent surge of more than 50 acquisitions in the last 12 months and comes at a time when more customers […]
March 12, 2012
Sponsor Content
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October 7, 2026
Business
MDU Resources reaches new Bakken field production record, acquires additional Bakken acreage
MDU Resources reaches new Bakken field production record, acquires additional Bakken acreage
March 12, 2012
Business
Southeastern Equipment hires Steven Croucher as service manager
Southeastern Equipment hires Steven Croucher as service manager
March 11, 2012
Business
Baird, RER publish quarterly survey
Baird, in partnership with Rental Equipment Register magazine (RER), published the results of its fourth-quarter 2011 rental equipment industry survey, which showed rental revenue growth of 11.5 percent. Respondents reported a steady demand in industrial markets while non-residential construction continues to suffer, though some regions are beginning to show improvement. The survey showed, however, residential […]
March 8, 2012
Business
President Obama visits Daimler plant in Mt. Holly, N.C.
During a visit to the Daimler Trucks North America (DTNA) manufacturing facility in Mount Holly, N.C., on March 7, President Barack Obama announced a $1 billion National Community Deployment Challenge designed to spur deployment of clean, advanced vehicles in communities around the country. He also congratulated Daimler on the production of its 1,000th Freightliner natural gas truck, and for adding 1,000 workers to the plant last year, many of whom had been laid off during the recession.
March 7, 2012
Business
THE BEST FEATURE: SUPERIOR FINANCIAL TRACTION
The Charles Machine Works(CMW) Inc., manufacturer of Ditch Witch® underground construction equipment, has introduced a new line of compact and powerful walk-behind trenchers. The Ditch Witch RT12, RT16, RT20, and RT24 are designed and manufactured to provide an exceptional return on investment for small business owners, particularly equipment rental companies. Heavy-duty components, low-maintenance hydraulic systems, […]
March 7, 2012
Business
Chu at NTEA: Diversity key to future fleet fuel efficiency
The NTEA Work Truck Show kicked off with U.S. Secretary of Energy Dr. Stephen Chu as the keynote speaker this morning in Indianapolis at the Green Truck Summit. Dr. Chu spoke about general petrochemical, geopolitical and climate trends and how those factors will affect the North American commercial truck industry and transportation sector in coming […]
March 6, 2012
Contractor of the Year
Contractor of the Year Facebook Forum
We know that spending a weekend together with your “Contractor of the Year Class” is an opportunity for you to meet new industry friends, share ideas and most importantly, develop relationships with each other both on a business and personal basis. If you are interested in staying in touch with the COY community, we have […]
March 5, 2012
Business
CNH announces new hires
CNH Global has promoted Mario Gasparri and Franco Fusignani to the positions of CNH Construction Equipment president and CNH International general manager, respectively. Gasparri, who currently serves as general manager, will replace James McCullough as president of the company on April 1, when McCullough retires. Gasparri has served as general manager of CNH International since […]
March 1, 2012
Business
Corridor X, I-65 Interchange in Alabama ‘laying the foundation for future economic development’
Federal Highway Administrator Victor Mendez on Feb. 22 joined state and local officials to review progress on the Appalachian Corridor X and I-65 Interchange, a project that the Federal Highway Administration (FHWA) says will improve safety and mobility in rural northwest Alabama.
February 29, 2012
Business
Ritchie Bros. earnings rise 13%
Ritchie Bros. Auctioneers announced net earnings for 2011 of $76.6 million, and adjusted net earnings of $73.6 million. This represents a 13-percent increase in adjusted net earnings over the previous year. Ritchie's auction revenues for 2011 grew 11 percent to $396.1 million compared to $357.4 million for the same period in 2010. The company conducted 228 unreserved industrial and construction equipment auctions in 13 countries throughout North America, Europe, the Middle East, Central America and Australia during 2011. In 2011, gross auction proceeds were $3.7 billion, 13 percent higher than in 2010 and the highest in the company's history. The company's auction revenue rate (auction revenues as a percentage of gross auction proceeds) was 10.66 percent during the year compared to 10.90 percent in 2010. Ritchie's revised fee structure, which came into effect on July 1, 2011, contributed $21.9 million to auction revenues for 2011.
February 29, 2012
Business
Reporter
Don’t get stuck on surety bonds One option for contractors searching for work is governmental jobs that typically require surety bonds. And all federal construction projects that exceed $100,000 require bonds. “Bonds are a form of guarantee that the job will be completed,” says Robert Berman, CEO and co-founder of Ox Bonding. “It’s a difficult […]
February 28, 2012
Business
Equipment lease finance industry confidence holds steady in February
Confidence in the equipment finance market is 59.6, up slightly from the January index of 59.0, according to the Equipment Leasing & Finance Foundation February 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) released Feb. 23. These results indicate that industry participants’ optimism is steady despite a cautious outlook about the global economic […]
February 28, 2012
Business
AEM: U.S. construction machinery exports gain 43 percent in 2011
U.S. construction equipment exports increased 43 percent in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This follows growth of 28 percent in 2010 after a 2009 decline of 38 percent in the depths of the recession, AEM […]
February 28, 2012
Business
Leica Geosystems’ conferences form Hexagon
Leica Geosystems’ High-Definition Surveying Worldwide User Conference and Airborne Sensor User Conference expanded to become Hexagon 2011 International Conference. This new format will offer attendees a variety of sessions, hands-on training, networking and new business opportunities under the Hexagon 2011 umbrella. In addition to the tracks in HDS and Geospatial Solutions, the conference will also […]
February 27, 2012
Business
Machine Matters
Commercial Pavers Get On Track Asphalt pavers under 125 horsepower increasingly taking on characteristics of their highway-class big brothers By Mike Anderson It’s a small group of mostly niche players that supplies commercial-class asphalt pavers to the North American construction market. But even with BOMAG’s recent decision to exit the paver business, the remaining players […]
February 27, 2012
Business
AEM: Shale energy is good for economy, small business and equipment industry
“Equipment distributors in Ohio and Pennsylvania overwhelmingly believe that the shale energy sector has the potential to be an economic game-changer,” Dennis Heller, president and CEO of Stephenson Equipment in Harrisburg, Pa., told a congressional committee Feb. 27. Heller was testifying at a U.S. House of Representatives Natural Resources Committee Energy & Mineral Resources Subcommittee […]
February 27, 2012
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