Tag: business: Page 61

Business

Despite increase in 3Q operating income, Terex edges down outlook after slight decrease in sales

Following a rough second quarter, Terex announced today that despite a decrease in net sales over the same period last year, it saw improvement in operating income in the third quarter. Terex reported net sales of $1.810.6 billion in the third quarter, down 0.6 percent from $1.822.0 billion in the third quarter of 2012. Operating income […]

October 24, 2013

Home

Yanmar strengthens alliance with Manitou in purchase of capital and voting rights

Yanmar announced today it has acquired 6.26 percent of the capital and voting rights of Manitou BF, strengthening a 25-year engine alliance and a North American agreement announced this past January. “It is becoming more necessary for each player to have a wide range of product line-up in today’s construction market,” said Takehito Yamaoka, Yanmar […]

October 22, 2013

Business

Volvo CE president Pat Olney is leaving the company

Volvo Construction Equipment announced this morning that company president Pat Olney is leaving the company at the end of this year. Olney will take a position in a “non-competing, large engineering company” based in the United States. In a statement this morning, Olney cited a 17-year career at VCE and stressed the change “was not an […]

October 21, 2013

Construction Equipment

Tim Frank announces resignation from CEO post at Sany America

After two years with the company, Tim Frank announced Monday morning that he has resigned as chairman and CEO of Sany America. The resignation was effective Friday, October 11. The announcement came to news outlets in an email sent out by Frank directing any media inquiries directly to him. “I enjoyed my time getting to […]

October 14, 2013

Business

Ritchie Bros. CEO Peter Blake to step down next year

After 22 years with Ritchie Bros. and most recently nine as its CEO, Peter Blake has announced that he will step down from his position in May 2014 during the company’s next annual meeting. In the meantime, Blake will remain CEO while the company’s Board of Directors looks for his replacement. Internal and external candidates […]

October 9, 2013

Business

The 9 leadership rules every contractor should know

One of the great assignments the editors at Equipment World get every year is to go out and interview a dozen Contractor of the Year finalists and find out how they have succeeded in this very tough business. If you want to be the best at what you do you owe it to yourself to […]

October 9, 2013

Construction Equipment

Mixed Response: GM offers deals on new Silverado, Sierra due to slumping sales, yet popularity of V-8 has it in short supply

So far, you could call the launch of General Motors’ redesigned pickups a bit of a mixed bag. While the new body styles of the 2014 Chevrolet Silverado and GMC Sierra (and their 2015 HD counterparts) have stirred up some excitement, in September sales fell 8 percent. As Automotive News reports, the reason for that dip in […]

October 8, 2013

Business

CHARTS: Americans don’t pay enough for roads

A great report from The Atlantic Cities brings two charts into focus that do a great job of illustrating why American infrastructure is struggling. The charts were put together by Juan Gomez and José Manuel Vassallo for the Journal of Infrastructure Systems and compile data gathered between 2004 and 2009.   The first chart compares the United States’ […]

September 23, 2013

Construction Equipment

74 tips for reducing equipment costs (56-74)

Below are my final tips for squeezing those extra dollars out of your equipment operation. You can check out the previous posts by clicking here. 56: Use Failure Mode and Effects Analysis (FMEA) Inspection helps to detect early signs of changes in condition—a warning of impending failure.  But when to examine and what to examine […]

September 19, 2013

Business

Don’t get locked in your office: Why staying in front of your team’s challenges is key to being a good leader

There’s a story behind this heading that contains a powerful message about leadership. Although it happened several years ago, the lesson learned from this experience is still relevant for today’s business world. It was the mid-1980’s and I had just accepted a new position as managing director of Dresser Industries, Europe, Africa and Middle East […]

September 17, 2013

Business

John Deere expands Construction & Forestry Technician training program to eighth community college

John Deere has expanded its Construction & Forestry Technicians program to an eighth community college. The latest school to include the program is North Dakota State College of Science in Wahpeton. C&F Tech, as it’s called, is a John Deere dealer technician training program and a two-year associate’s degree that teaches its students to service, troubleshoot, […]

September 13, 2013

Business

Will recruiting Millennials to the construction and manufacturing industries prove impossible?

Last week we told you about a survey by Associated General Contractors of America in which 74 percent of contractors across the U.S. reported having trouble finding skilled workers. The problem, well-known at this point, is that during the recession many of the most skilled operators and craftsmen in this industry either left for more […]

September 12, 2013