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Dealers: Page 93
Dealers
Sandusky-based Construction Equipment & Supply owner sentenced to prison for phony bill fraud
Scott C. Wagner, owner of Construction Equipment & Supply in Sandusky, Ohio, has been sentenced to 75 months in prison in a phony bill scam, reports The Toledo Blade. The judgment also included a $25,000 fine. In July, a jury convicted Wagner of 26 counts related to fraud involving two clients; he later pleaded guilty […]
November 22, 2017
Dealers
P2P heavy equipment rental, online sales aren’t here to disrupt dealers—they’re an evolution
During a 2015 talk on innovation and how he and his team were working to transform 90-year-old heavy equipment manufacturer Caterpillar into a company whose machines move as much data as they do dirt, then CEO Doug Oberhelman had a unique way of describing his motivation. “We decided that maybe we better disrupt ourselves—in […]
November 21, 2017
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October 7, 2026
Dealers
Following Neff rejection H&E Equipment Services offers notes with eye toward acquisitions
H&E Equipment Services, who earlier this year made an offer for Neff Corporation that was superseded by a higher bid from United Rentals, announced that it will be offering $200 million in aggregate principal amount of its 5.625-percent Senior Notes due in 2025. In making the announcement, H&E said the proceeds from the new notes […]
November 21, 2017
Dealers
Equipment Roundup: Cat unveils next-gen excavators, first UTVs; The Duke is one bad ’72 Chevy; Tesla unveils electric Semi; Tracks that monitor their own wear; Volvo intros EC27D excavator
Cat intros next-gen excavators with “digital heart” All three of Caterpillar’s new Next Generation excavators feature a radically new hydraulic system driven by a “digital heart.” The 320 and 323 (pictured here) models offer automated digging and positioning technology in addition to payload weighing. How cool is this: An excavator that you can start with […]
November 21, 2017
Dealers
Business Roundup: Deere opens Miami parts center; Kobelco adds dealers, makes promotions; Former JCB CEO now at Terex; New Wash. H&E branch
Deere opens Miami parts center to serve Latin America John Deere has opened a Regional Distribution Center in Miami. The 115,000-square-foot parts facility will serve all Latin America countries, with the exception of Brazil, Argentina and Mexico, which have their own in-country centers. To read more, click here. Kobelco adds four mini-excavator-only dealers Kobelco Construction […]
November 21, 2017
Dealers
Short term and long term, rental remains power player
The strong 3Q reports from Herc Rentals, H&E Equipment Services and United Rentals serve to underscore a recent forecast by the American Rental Association (ARA). Updating its five-year forecast, ARA says it expects equipment rental revenue to grow at a compound annual growth rate (CAGR) of 4.7 percent between 2017 and 2021. This forecast has changed […]
November 21, 2017
Dealers
Nortrax sells seven South Florida Deere dealerships
A Memphis-based family investment firm has bought seven John Deere Construction and Forestry Stores serving the South Florida region. Dobbs Management Service, through DJD Equipment Holdings, purchased full service Nortrax stores in Lutz (Tampa area), Orlando, West Palm Beach, Miami and Fort Myers, Florida. In addition to the full-service branches, the deal included parts-only stores […]
November 20, 2017
Dealers
H&E Equipment Services opens new Wash. branch
H&E Equipment Services has opened a new Lynnwood, Washington-area branch, located at 12406 Mukilteo Speedway in Mulkiteo. The 13,230-square-foot facility will serve customers in northern King, Snohomish, Skagit, Whatcom, Island and San Juan counties. Located on two acres, the branch has a fully-fenced and paved yard area, offices, parts warehouse and a two-bay repair shop. […]
November 17, 2017
Dealers
Deere opens Miami parts center to serve Latin America
John Deere has opened a Regional Distribution Center in Miami. The 115,000-square-foot parts facility will serve all Latin America countries, with the exception of Brazil, Argentina and Mexico, which have their own in-country centers. According to David Thorne, Deere senior vice president of sales and marketing, the center “will improve logistics cycle time and ordering […]
November 15, 2017
Dealers
Equipment Roundup: Cat intros 3 cold planers; Liebherr intros telehandler lineup; Grove GMK4090 designed for tight jobsites; Mack Granite test drive; Inside Liebherr T 236 testing
Cat intros PM820, PM822, PM825 cold planers with grade control integration Caterpillar has introduced three new cold planer models that the company says are capable of controlled, full-depth removal of asphalt and concrete pavements in a single pass. The new PM820, PM 822 and PM825 are each powered by a Cat C18 engine producing 755 […]
November 14, 2017
Dealers
Kobelco adds four mini-excavator-only dealers
Kobelco Construction Machinery USA is adding four compact machinery dealers to its growing network, solely representing Kobelco’s mini excavator line in the United States. “We’re excited to offer our customers the reliability and value of Kobelco mini excavators through our expanded network of mini-only dealers,” says Randy Hall, vice president of operations. The dealerships are: […]
November 14, 2017
Dealers
Business Roundup: JCB wins AEM award; AGCO sales jump; Engcon establishes U.S. HQ; Danfoss acquires Visedo; Vandalia Rental opens Cincinnati branch
JCB honored with AEM’s Pillar of the Industry award JCB received the “Pillar of the Industry” award from the Association of Equipment Manufacturers (AEM) in recognition of its work to improve the business environment for the equipment manufacturing industry, its efforts to advocate for pro-manufacturing solutions, and its participation in AEM’s “I Make America” grassroots […]
November 14, 2017
Dealers
Herc 3Q rental revenues jump 15%, profit quadruples
Herc Holdings is posting a jump of nearly 15 percent in equipment rental revenues for the third quarter of 2017 over the same period a year ago. And to meet increasing demand, the company plans a hefty hike in its capital expenditures. Equipment rental revenues for the third quarter were $413.1 million, a 14.7 percent […]
November 13, 2017
Dealers
Yanmar opens new Ga. training center with dealers, brand outreach in mind
Two years ago, the Yanmar corporate office started to re-examine its brand with this question in mind: Does everyone know who Yanmar is? When it came to North America, the answer was, sort of. Its marine motors are well-known among recreational boaters, but its construction equipment, tractors and myriad other products don’t share the same […]
November 10, 2017
Dealers
AGCO posts 12.8% 3Q sales jump
Despite low market demand, AGCO is reporting net sales of about $2 billion– up by 12.8 percent for the third quarter of 2017 compared to the same period a year ago. AGCO, which makes and distributes the Massey Ferguson, Challenger, Fendt, Valtra and GSI brands of agricultural equipment, reported net income at 76 cents […]
November 9, 2017
Dealers
Vandalia Rental opens third branch, expands to Cincinnati area
Vandalia Rental continues its growth with the opening of a new location in Sharonville, Ohio, in the greater Cincinnati area. The third-generation family-owned business marks its second opening of a new location in less than two years. It opened a branch in Franklin, Ohio, in June 2016. The company is based in Vandalia, Ohio, where […]
November 8, 2017
Dealers
ASV new machine sales soar 89% in 3Q as dealer network continues to grow
ASV Third Quarter 2017 Highlights $30.6 million in net sales represented a year-over-year increase of 33 percent over $23 million in the third quarter of 2016. Machine sales revenues increased 60.1 percent to $19.8 million, led by an 88.7 percent increase in new machine sales through ASV’s growing distribution network. Net income increased $0.1 million […]
November 7, 2017
Dealers
Equipment Roundup: Cummins unveils first crate engine; Cat’s new universal coupler; Dealers preview new Kubota machines; Liebherr PR 766 dozer; Eterra Typhoon 74 brush mower
Cummins unveils its first crate engine, the R2.8 Turbo Diesel Admit it. You’ve always wanted a diesel. You dreamed of what you could do with that torque. Now you can have one and retrofit it into an older truck or Jeep and not have to pay a fortune for a new model. At SEMA Wednesday, […]
November 7, 2017
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