Tag: construction equipment manufacturers: Page 7

Dealers

Contractor stresses importance of parts and service, tells equipment manufacturers: “You’re only as strong as your weakest dealer”

Edgar Butsch, director of equipment operations, M.A. Mortenson Company, Minneapolis, had some kind but blunt words for equipment manufacturers attending the Association of Equipment Manufacturer’s Marketing Council Seminar last week. “You’re only as strong as your weakest dealer,” said Butsch, who oversees seven equipment shop and yard facilities for Mortenson, a diverse national construction firm. “We […]

June 30, 2014

Business

Exports of U.S.-made construction equipment fall 18.8% in 1Q; Africa region accounts for only gains

Exports of construction equipment made in the U.S. fell 18.8 percent between first quarter 2013 and first quarter 2014, according to analysis of Commerce Department data by the Association of Equipment Manufacturers. Construction equipment exports fell to $4.292 billion during the first quarter with nearly all global regions recording either high-single or double-digit losses. The […]

June 11, 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

Construction Equipment

Caterpillar excavator tiptoes through China shop, stacks glass, somehow doesn’t break anything

While Caterpillar hit viral video status with a video focusing on a massive game of Jenga, its latest Built For It Trials video centers on one of the most impressive displays of operator skill we’ve seen. In it, Ryan Neal, a senior demonstrator instructor at Cat, hops into a 301.7 CR mini excavator and drives […]

May 27, 2014

Business

John Deere profit drops 10% in 2Q, sales and revenues fall 9%

Snapping a streak of 15 consecutive quarters with record earnings, John Deere announced Wednesday declines in both profit and revenues during the second quarter. As a result, the company revised its sales forecast for the rest of the fiscal year downward. The company announced profit of $980.7 million, or $2.65 per share, for the second […]

May 14, 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