Tag: equipment manufacturers: Page 5

Business

Cummins taps Rich Freeland president and COO, Dave Crompton president of engine business

Cummins today announced that it has named Rich Freeland president and chief operating officer of the company. Freeland will focus on the company’s daily operations and report to company chairman and Chief Executive Officer Tom Linebarger. Freeman is a veteran at Cummins having joined the company in 1979. Prior to his selection as company president, […]

July 9, 2014

Business

Caterpillar to close 3 Illinois component plants, move work to Michigan

Caterpillar has announced that it will close three of its plants in Illinois in order to consolidate the work at a single plant in Michigan. The plants are all facilities of Anchor Coupling, a wholly-owned subsidiary of Cat that manufacture or distribute hydraulic hose assemblies used in heavy equipment from Cat and other manufacturers, according […]

June 9, 2014

Construction Equipment

Caterpillar hires former Transportation Sec. Ray LaHood

Caterpillar has hired former Transportation Secretary Ray LaHood to serve as a consultant, the company announced Thursday. Caterpillar says LaHood will “provide advice on policy related matters.” “[LaHood] will assist Caterpillar in developing corporate strategies focused on identifying solutions to specific policy and communications challenges Caterpillar faces in the increasingly complex policy and business environment,” […]

June 6, 2014

Construction Equipment

Caterpillar CIO Randy Krotowski resigns

Caterpillar Chief Information Officer Randy Krotowski has resigned from the company. Krotowski’s departure was effective June 1. The Caterpillar announcement did not go into the exact specifics of his resignation saying only that he left “to pursue other opportunities.” In addition to serving as CIO, Krotowski was also the company’s vice president of Global Information […]

June 4, 2014

Home

Volvo, Terex finalize articulated truck, rigid-frame truck sale

Announced this past December, Terex’s sale of its off-highway rigid-frame and articulated trucks to Volvo Construction Equipment is now complete, the two companies announced today. The $160 million cash deal gives Volvo a rigid-frame haul product for the heavy construction and light mining segments, and targets the  oil and gas, aggregates production and road building […]

June 2, 2014

Business

JCB sales dip, profit drops 14% in FY 2013

British equipment maker JCB saw profit and sales fall during fiscal year 2013, mostly impacted by a slowdown in emerging markets. JCB announced this morning a profit of $528 million (£313 million), down 14.2 percent from fiscal year 2012. Sales were down 0.7 percent to $11.6 billion (£6.88 billion). Sales volume was down as well, […]

May 12, 2014

Dealers

Volvo CE’s new mobile app puts specs, dealers and other resources just a few taps away

Volvo Construction Equipment has launched a new app for smartphones and tablets that gives customers access to Volvo CE news, product information and special offers. The Volvo CE Insider app enables mobile device users to access the latest information on a 24/7 basis, including customer support solutions. The intuitive navigation allows users to quickly access […]

May 12, 2014

Business

Aerial Work Platform sales propel Terex to profit in 1Q

Despite flat sales, Terex announced increased first quarter earnings thanks to the continued success of its Aerial Work Platform segment. Net sales were at $1.6 billion for the quarter, unchanged from the first quarter of 2013. Profit increased 69 percent to $32.6 million, or 28 cents per share. “We remain encouraged by the performance of […]

May 9, 2014

Business

Lawsuit alleges Caterpillar hid defects in 2007-2010 engines from buyers

Nearly 10 class-action lawsuits have been filed against Caterpillar claiming that its 2007-2010 year model ACERT C13 and C15 engines were defective—driving up costs for owners and driving down resale value—and that the company concealed the information from buyers and owners. The lawsuits—the most recent of which was filed April 30—stem from Caterpillar’s emissions controls […]

May 8, 2014

Business

CNH Industrial profit falls 33% in 1Q due to softer agriculture equipment demand

CNH Industrial, makers of the Case Construction and New Holland equipment brands, reported flat revenues during the first quarter of the year with a big decrease in profit due to softer sales of farming equipment. Revenues totaled $7.5 billion during the first quarter, down 0.1 percent from the first quarter of 2013. Net sales fell […]

May 8, 2014

Business

Komatsu sees profit jump 26% in FY 2013, but expects less demand in coming year

Komatsu says an increase in demand for construction equipment in Japan, China and other regions offset a low demand for mining equipment during fiscal year 2013 adding up to increases in sales and profit for the company. Nonetheless, the has lower expectations for 2014. For the fiscal year ending March 31, the company reported net […]

May 7, 2014

Business

Sales jump boosts Volvo CE operating income 29% in 1Q

Following a tough 2013, Volvo Construction Equipment saw a positive start to 2014, reporting a growth in sales and a big boost in earnings. During the first quarter of the year ending March 31, Volvo CE sales jumped to $2.035 billion (SEK 13.371 billion), an increase of 10 percent over the same period last year. As a […]

April 25, 2014