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Dealers: Page 118
Dealers
CNH Industrial profit up in 2Q despite sales dip
Despite a 3-percent decline in net sales for the second quarter, CNH Industrial saw profit increase 5 percent largely due to strong performance in the company’s agricultural, commercial vehicle and powertrain segments. CNH, makers of Case and New Holland heavy equipment, reported total revenues of $6.7 billion and a net profit of $129 million. “Our […]
August 2, 2016
Roadbuilding
Carnell named president of Atlas Copco Construction U.S.
Scott Carnell, industry veteran and rental president for Atlas Copco in North America, has been named president of the company’s U.S. construction division. Carnell, who has been with Atlas Copco for the last 10 years of a more than three-decade career in the industry, will replace Erik Sparby. Sparby recently accepted the role of general manager for Atlas […]
August 1, 2016
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December 31, 2025
Dealers
Volvo CE names Roy president of sales for Americas region
Volvo Construction Equipment has named former Mack Trucks president Stephen Roy its next president of sales for North America and Latin America. Roy, who has been with the Volvo Group since 2007, will take on the new position September 1. He will be based in Shippensburg, Pennsylvania, and report to senior sales vice president Tomas […]
July 29, 2016
Dealers
Despite market share gains, Volvo CE profit falls 40% in 2Q
Though weaker machine sales in China and Brazil were partially offset by higher sales in Europe, Volvo Construction Equipment saw overall sales fall during the second quarter. The company reported a 12-percent net sales decline to $1.6 billion (SEK 13.6 billion), while profit fell 40 percent to $93.8 million (SEK 810 million). The company notes that […]
July 28, 2016
Roadbuilding
Astec Industries attributes recent sales and earnings boost to FAST Act
Asphalt plant manufacturer and Roadtec parent company Astec Industries has reported net sales of $294.4 million for the second quarter this year, a 9.9 percent increase compared to the same time period last year. Earnings increased 35.2 percent from $11.8 million in 2Q 2015 to $18.2 million this year. Domestic sales increased 24.5 percent to $243.3 […]
July 28, 2016
Dealers
Caterpillar profit drops 41% in Q2 as oil, gas, mining continue to hurt sales
Reporting a second quarter that saw sales fall 16 percent, Caterpillar has again cut its outlook for 2016. Facing continued downturns in the oil, gas and mining industries coupled with sluggish economic conditions in developing countries, sales and revenues fell to $12.3 billion while operating profit dropped 41 percent to $785 million. Cat chairman and CEO […]
July 27, 2016
Dealers
Terex offering free Genie Tech Pro registration to boost number of AWP technicians
In anticipation to greater demand for certified aerial work platform inspectors, Terex is now offering free enrollment in its Genie Tech Pro online service training program to community college students and 500 aspiring aerial lift technicians in North America. The offer comes in response to upcoming changes to the American National Standards Institute (ANSI) and Canadian […]
July 27, 2016
Dealers
Recession weary heavy equipment buyers flock to rental, RPOs to lower risk
“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]
July 26, 2016
Roadbuilding
SnowEx to conduct salt brine training tour for snow and ice control
SnowEx will hold a series of training sessions in the Midwest and Northeast through August and September in an effort to provide contractors best practices for using salt brines in snow and ice control management plans. The tour kicks of Aug. 9 in Des Moines, Iowa and wraps up Sept. 22 in Buffalo, New York. Topics […]
July 25, 2016
Dealers
Articulated dump trucks see rapid size growth as customers move to bigger rigs
Is bigger better? The articulated dump truck (ADT) market thinks so.  The Equipment World Spec Guide reveals the rapid progression of ADT sizes. In 2006, the smallest ADT was the JCB 714 at 14 tons, while the largest was Cat’s 740 at 42 tons. During that year, most models were in the 20-to-less-than-30-ton size […]
July 22, 2016
Dealers
Komatsu acquires mining equipment maker Joy Global for $3 billion
Largely unscathed by the sharp declines in demand for mining equipment that have been bleeding money from competitor Caterpillar over the last few years, Komatsu has decided now is the time to become a more meaningful player in the industry, announcing it will acquire Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Joy Global, founded in […]
July 22, 2016
Dealers
INFOGRAPHIC: Dozer sales and buyer trends
July 21, 2016
Dealers
Olson tapped as Toro Company’s next CEO
A 30-year veteran of the company, Richard M. Olson has been named by the Toro board of directors as its next chief executive officer. Olson, a board member since January and the company’s president and chief operating officer since September 2015, will take over the CEO role from Michael J. Hoffman on November 1. Hoffman […]
July 21, 2016
Dealers
Durante Rentals opens seventh location
New York-based equipment and tool rental house Durante Rentals has opened its third location in less than a year and its seventh overall. The new location sits on 13 acres in Brewster, New York, and is the company’s second location to open in Putnam County following the opening of the Carmel location seven months ago. “With the […]
July 15, 2016
Dealers
Case CE Diamond and Gold dealer award winners announced
Case Construction Equipment has announced the 2016 class of Diamond and Gold dealer award winners. Equipment dealers across the U.S. and Canada are recognized for their leadership in growing the manufacturer’s dealer network and for excellent performance in sales, marketing and communications, customer support and training. “I would like to congratulate these exemplary dealers who have […]
July 14, 2016
Dealers
IronPlanet now offering instant financing on equipment purchases
Online used heavy equipment seller IronPlanet has introduced an instant financing option customers can choose before or after making a bid or purchase. Customers of IronPlanet, GovPlanet or TruckPlanet can now apply for pre-approval for financing before they bid, or they can opt for instant financing through Express after purchasing a piece of equipment. Express is […]
July 13, 2016
Dealers
Bandit Industries taps Mocny as its first CEO
Bandit Industries, makers of chippers, grinders, mulchers and skid steer/compact track loader attachments, has named its first CEO in John Mocny. Mocny has been with Bandit since February after serving in engineering and management capacities with General Motors and Caterpillar. Moving forward, owners Mike, Dianne and Jerry Morey say they will remain involved with the […]
July 7, 2016
Roadbuilding
Roadtec president Jeffery Lee Richmond Sr. passes away at age 60
Jeffery Lee Richmond Sr., president of Roadtec Inc., a subsidiary of Astec Industries Inc., passed away June 30 while on a family vacation in Charleston, South Carolina. He was 60. Richmond had served with Roadtec since 1996, holding the positions of sales manager, vice president of sales and marketing and vice president and general manager […]
July 7, 2016
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