Tag: business: Page 18

Business

Construction spending falls 0.4% in September despite homebuilding gains

U.S. construction spending fell 0.4 percent in September as nonresidential spending declines wiped out homebuilding gains during the month. Construction spending is at a seasonally-adjusted annual rate of $1.150 trillion, according to preliminary data from the Commerce Department. With the September decrease, the spending rate is 0.2 percent below the September 2015 rate. Spending in the private homebuilding sector rose 0.5 […]

November 3, 2016

Dealers

ARA to induct Moore and Etzel into Rental Hall of Fame

The American Rental Association (ARA) will induct Art Moore and Spencer Etzel into its Rental Hall of Fame during a ceremony at The Rental Show in February. ARA first created the Rental Hall of Fame in 2000 as a means of fostering an “appreciation of the historical development of the rental industry and the leaders […]

November 3, 2016

Dealers

Bandit Industries adds Bobcat of Indy to dealer network

Bobcat of Indy has become a Bandit Industries authorized dealer and will provide sales, parts and service for Bandit’s stump grinders and hand-fed chippers. Bobcat of Indy has three locations in addition to its flagship site: Bobcat of Indy North; Bobcat of Bloomington; and Bobcat of Anderson. The dealership, founded in 1947 as Snider Bros., […]

November 2, 2016

Dealers

CNH Industrial profit jumps in 3Q despite sales decline

Though the company continues to see sales declines in its agricultural equipment segment, CNH Industrial was able to report increased profit for the third quarter thanks to cost reductions and improved demand in certain markets. The company, which manufactures the Case and New Holland brands of heavy equipment, reported a 1.7-percent sales decline in the […]

November 1, 2016

Dealers

IronDirect sales partner program aims to bring on independent heavy equipment sales professionals

Expanding on its recently announced North American dealer partner program, IronDirect has now launched a sales partner program aimed at independent sales professionals. “Since our launch in September, IronDirect has received a tremendous response about our business model and numerous inquiries from parties interested in partnering with us as we transform how construction equipment is marketed, […]

November 1, 2016

Dealers

Morbark integrates Syncron’s automated parts price management system

Forestry equipment manufacturer Morbark has announced it will be using Syncron’s price management products to help with aftermarket parts pricing systems for its dealers. “With a sophisticated dealer network, we have the objective of maximizing business while also providing logical and attractive pricing plans for both our dealers and customers,” says Erika Snyder, director of […]

October 31, 2016

Dealers

United Rentals reports nearly flat year-over-year 3Q results

United Rentals has reported nearly flat year-over-year results for the third quarter of 2016, with total revenue at $1.508 billion compared to $1.550 billion for the same period last year. Rental revenue was nearly unchanged at $1.322 billion compared to $1.326 billion in 2015. Breaking down the rental revenue, the company reported owned equipment revenue […]

October 28, 2016

Dealers

Caterpillar dealer inventories down from 2015 with more “substantial” reductions coming

Aside from lower oil prices and sagging demand for mining equipment around the globe, sales of Caterpillar heavy equipment have also been negatively impacted by lower dealer inventories. In a statement on dealer inventories accompanying its third quarter earnings—which included reduced expectations for fiscal year 2016 sales—the company says dealer inventories in the third quarter of […]

October 27, 2016

Dealers

Deutz to provide remanufactured engines for Genie aerial equipment

Deutz will now provide remanufactured Deutz Xchange engines for Terex Aerial Work Platforms (AWP) Reconditioning Services to be used in reconditioned Genie aerial equipment, including boom lifts, scissor lifts and telehandlers. “Terex was impressed with the three-year transferrable warranty that we offer with our Deutz Xchange engines,” says Robert Mann, Deutz president and CEO. “That […]

October 27, 2016

Dealers

Fecon adds Five Star Equipment to dealer network

Forestry and vegetation management equipment manufacturer Fecon has added Five Star Equipment’s eight locations to its dealer network. Five Star will carry Fecon FTX tracked carriers and rubber tire tractors, as well as Bull Hog forestry mulchers and forestry attachments. “The team at Five Star Equipment is excited to partner with Fecon, so we can […]

October 26, 2016

Business

Caterpillar sales down again in 3Q as profit plummets 48%

Citing economic weakness and idle mining trucks around the globe coupled with an “abundance” of used construction equipment and idle locomotives in North America, Caterpillar reported another down period for earnings today. With total sales falling 16 percent to $9.16 billion in the third quarter and profit plummeting 48 percent to $481 million, the world’s no. 1 […]

October 25, 2016

Dealers

Language barrier driving Hispanic landscapers to Big Box stores over equipment dealers

When it comes to “owning the Hispanic business in your market”—the topic of a meeting with landscape equipment dealers this week at GIE+EXPO—overcoming the language barrier is the first and foremost challenge. Employing at least one bilingual person in a customer-facing role won’t guarantee success, but, as a practical matter, not doing so is likely […]

October 25, 2016