Tag: heavy equipment: Page 12

Construction Equipment

Terex sales fall 25% in Q3

Terex reported third quarter 2020 net sales of $765.6 million, compared with $1.02 billion during the same period last year, a decrease of 25% . Through Sept. 30, 2020 net sales were $2.289 billion, compared with $3.468 billion during the same period in 2019, a 34% decrease. Net sales in the company’s Aerial Work Platforms […]

October 28, 2020

Construction Equipment

Volvo makes trench work safer with new pipelayer kit for excavators

Note: This story was updated October 29 with more details about the pipelaying kit as well as a video. Volvo Construction Equipment has a new attachment kit that allows its 14-ton excavators to be converted into rotating pipelayers and also improve trench safety. The pipelaying boom can be attached to the excavator’s main boom in […]

October 27, 2020

Construction Equipment

Despite big drop in equipment sales, Cat 3Q earnings beat expectations

Blaming lower end-user demand for equipment and services, Caterpillar reported 3Q sales and revenues decreased by 23% compared to the same period last year. Sales and revenues decreased from $12.8 billion in 2019 to $9.9 billion in 3Q 2020. Cat also cited a dealer decrease in inventories as a reason for the double-digit decrease. The […]

October 27, 2020

Dealers

New Hawthorne Cat showroom in Escondido offers “full retail experience”

Hawthorne Cat has opened a retail showroom after the remodeling of its Escondido branch. The company now offers everyday consumables for Cat products such as oils, filters, and grease and customers can rent or buy machines, get parts, and purchase safety gear and Cat-branded merchandise.  In 2021, the location will expand to offer maintenance. “Customers […]

October 27, 2020

Construction Equipment

New Cat D9 Dozer Replaces D9T, Lowers Maintenance Costs

Cat has replaced the D9T with the new D9. As a next generation dozer, there are some foundational changes to the structure of this machine to discuss, but most of what’s new focuses on reducing O&O costs, including a new torque converter and maintenance improvements.   As we’ve discussed several times over the last year […]

October 26, 2020

Construction Equipment

Report: Hitachi Ltd. considering selling part of majority stake in Hitachi Construction Machinery

Hitachi Ltd. is considering selling half of its roughly 51 percent stake in Hitachi Construction Machinery (HCM), according to a report by Reuters and others. In its Q2 report, HCM forecasted sales of $7.35 billion for the current fiscal year ending next March. Not included in the reported deal will be part of Hitachi Ltd.’s […]

October 26, 2020

Dealers

Equipment Roundup: Video: CTL expert explains Deere’s mini dozer; Cummins unveils 2021 engines; Ford F-150 claims 2021 towing crown; Tobroco-Giant unveils G2700 loader; Meet the Diesel Tech of the Year

Alligood Wins AEMP Technician of the Year: “There’s Nothing This Guy Can’t Figure Out” David Alligood of Manatee County, Florida, has been named the 2020 Technician of the Year by the Association of Equipment Management Professionals Education Foundation. Supervisors and coworkers described Alligood as able to surmount any challenge, always looking for ways to save […]

October 26, 2020

Vintage Equipment

1968 Koehring Crane This Collector’s Favorite Vintage Machine: ‘We’re dealing strictly with clutches and brakes’

Antique construction equipment collector Jim Carter discusses his favorite piece he found while driving home from work one day. Read more and see images here.

October 23, 2020

Construction Equipment

At 75 years, a look back at JCB’s construction equipment milestones

Long before there were tech companies bragging about their humble starts in a garage, Joseph Cyril Bamford used a tiny garage to create his first product—a tipping trailer—from World War II scrap. The company Bamford founded—JCB—is now celebrating its 75th anniversary, a year in which it also produced its 750,000th backhoe. Worldwide it now employs […]

October 23, 2020

Dealers

Herc Holdings cuts capex by 46% in 2020 amid 3Q revenue decline

Herc Holdings, parent of HercRentals, reports a 12 percent decrease in rental revenues during the third quarter and a 10 percent decrease in total revenues. Equipment rental revenues for the quarter were $402.3 million compared to $459.6 million during the same period last year. Total revenues decreased from $508.1 million last year to $456.7 million […]

October 23, 2020

Construction Equipment

What it’s like to play Pac-Man with remote control skid steers

Caterpillar built the largest game of Pac-Man ever played. Remote-control skid steers took the place of Pac-Man and the ghosts and a giant trench maze replaced the arcade cabinet.

October 22, 2020

Construction Equipment

Power Up: New Tobroco-Giant G2700 compact wheel loader has more power, higher tipping load

Tobroco-Giant increased power and tipping load on its new G2700 compact articulated wheel loader models. The loader, which is available in four models, gets a new 50-horsepower Kubota engine, which is 5 more hp than its predecessor, the V452T. It uses a diesel particulate filter and diesel oxidation catalyst to meet Tier 4 Final, as […]

October 21, 2020