Tag: heavy equipment manufacturers: Page 5

Business

Case to move M Series dozer production to Burlington, Iowa plant in $24 million expansion

Case Construction Equipment has announced that it plans to move production of its M Series crawler dozers to Burlington, Iowa, following an expansion of a plant there. The dozers are currently being made at a plant in Calhoun, Georgia. In late June, Case’s parent company CNH Industrial announced that the Calhoun plant would be closing in […]

August 5, 2014

Business

Wages for construction workers and heavy equipment manufacturing workers are on the rise

We’re now five years into the economic recovery following the Great Recession and pay raises, according to a report from the Associated Press, are uneven across U.S. industries. Overall, pay in the U.S. has risen at a rate roughly equal to inflation: about 2 percent per year. Using data from the Bureau of Labor Statistics, […]

August 5, 2014

Business

Cummins sales, profit and expectations rise in 2Q due to stronger demand in North America

Cummins has announced gains in both sales and profit during the second quarter. The company has raised its full-year forecast as a result. During the quarter, sales rose to $4.8 billion, up 7 percent over the same quarter in 2013. Cummins says the increase was due to stronger demand in North American on-highway markets and […]

August 5, 2014

Business

CNH Industrial profit up 10% despite sales declines in construction and ag equipment

A slight increase in revenues boosted profit 10 percent at CNH Industrial during the second quarter of the year as sales gains in the company’s powertrain segment offset decreases in both construction and agriculture equipment. CNH, makers of the Case Construction and New Holland equipment brands, saw revenues rise to $8.9 billion, up 0.9 percent from the […]

August 4, 2014

Business

Komatsu sees slight boost in sales and profit during 1Q

Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]

July 29, 2014

Business

Terex sees big profit increase as AWP and MHPS segments boost sales

In its latest earnings report, Terex announced increases in both sales and profit during the second quarter of the year. The company’s net sales increased to $2.05 billion, up 10.4 percent from the second quarter of 2013 again mainly due to strong performances from the company’s Aerial Work Platform and Material Handling and Port Solutions (MHPS) […]

July 25, 2014

Business

Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast

Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit during the second quarter. The company today announced profits of $999 million, or $1.57 per share, for the second quarter ending June 30. That’s up 4 percent from the $960 million earned during the same […]

July 24, 2014

Business

Sales slump in China offsets gains elsewhere as Volvo CE operating income falls 43% in 2Q

After kicking the year off with a sales boost and 29-percent increase in operating income during the first quarter, things cooled off considerably for Volvo Construction Equipment during the second quarter. Volvo CE saw slumping demand for equipment in China hurt its bottom line considerably with a 43-percent year-over-year decrease in operating income to $109.5 […]

July 21, 2014

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

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

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