Tag: construction equipment sales: Page 9

Dealers

Cat dealer given OK to establish distribution center in Cuba

Almost two years after Caterpillar—then symbolically—named Rimco as its dealer in Cuba, the Miami Herald is reporting that Cat’s Puerto Rican dealer has been given the OK to set up a warehouse and distribution center in the country. And a Cuban newspaper has reported that a shipment of John Deere agricultural equipment was expected to […]

November 6, 2017

Construction Equipment

Terex posts 70% jump in 3Q profit

Terex Corporation reports that income from continuing operations soared 70 percent in the third quarter of 2017 to $56.6 million – up from $33.3 million for the same period a year ago. Terex posted earnings of 63 cents per share in the quarter, compared to 31 cents reported a year ago.   “Our third quarter […]

November 3, 2017

Construction Equipment

Liebherr sees “significant” jump in orders; uses start-up culture to launch products

Liebherr says it will add 2,240 employees by the end of this year, seeing what Stefan Heissler, member of the board of directors of Liebherr-International AG, calls a “very significant jump in orders” in 2017. In the first six months of 2017, Liebherr saw a 6.4 percent year-on-year increase in total sales, Heissler says. “We […]

November 1, 2017

Dealers

Strong rentals, sales and record utilization boost H&E 3Q revenues 5.9%

At a glance: Third-quarter revenue results: New equipment sales increased 9.3 percent to $48.9 million, up from $44.8 million a year ago. Used equipment sales increased 7.9 percent to $22.3 million, compared to $20.6 million a year ago. Parts sales rose about 1.6 percent to $27.8 million from $27.3 million in third-quarter 2016. Service revenue remained the same – $16.1 million. Driven by strength in […]

October 27, 2017

Dealers

Volvo dealers to sell Allied hydraulic hammer products

Volvo Construction Equipment dealers will now sell Allied hydraulic breakers and other aftermarket attachments through a new partnership of the two companies. Volvo has decided to drop its line of similar products and instead offer the Allied products through its North American dealers. “Instead of competing with industry leaders like Allied, who exclusively sell breakers, […]

October 26, 2017

Dealers

Doosan Bobcat donates machines to regional training centers

Doosan Bobcat North America has donated seven Bobcat machines to four regional vocational schools for service technician training programs. The donated equipment includes compact track loaders, compact excavators, wheel loaders and Versa-HANDLER telescopic tool carriers. The machines were delivered to Minnesota State Community and Technical College, Moorhead, Minnesota; Madison Area Technical College, Madison, Wisconsin; State […]

October 25, 2017

Dealers

Business Roundup: Cat dealer moves to $20M HQ; IronPlanet buyers get Ritchie Bros. financing; Vermeer MidSouth celebrates 30th year; AED diesel technician certification

Kansas Cat dealer moving to new $20M headquarters Caterpillar dealer Foley Equipment Co. is moving to its expanded Wichita, Kansas, headquarters, according to the Wichita Business Journal. The company is relocating its departments and personnel to the more than $20 million headquarters, which includes 160,000 square feet across two buildings, the Journal reports. The new […]

October 24, 2017

Dealers

IronPlanet buyers now have access to Ritchie Bros. financing

Auction giant Ritchie Bros. says its financial services are now available to customers of IronPlanet, which Ritchie bought this year. IronPlanet’s customer base can now access LeaseFlex and PurchaseFlex financing, which Ritchie Bros. Financial Services (RBFS) says offer more flexibility and convenience compared to traditional bank financing. The easier process can help buyers get quicker […]

October 20, 2017

Dealers

INFOGRAPHIC: Excavator sales and buyer trends

A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service.

October 18, 2017

Dealers

Multi Machine, Kentucky Machinery to sell and rent new Prinoth Panther T14R dumper

Multi Machine, which has the largest fleet of fixed and rotating tracked dumpers in North America, has added the Prinoth Panther T14R Rotating Tracked Dumper to its sales and rental inventory. Prinoth has also added Kentucky Machinery as a new, sole dealer for the state of Kentucky, and will begin selling and leasing the tracked-vehicle […]

September 20, 2017

Construction Equipment

Cat exiting “most severe downturn in 90-year history,” targets aftermarket services as key growth area

Between 2012 and 2016, Caterpillar experienced its most severe downturn in its 90-year history, with profits dropping by 40 percent. Now under the leadership of Jim Umpleby, who took over as company president this year, Caterpillar is focused on what it calls its “Operating & Execution” model. “Profitable growth will be at the center of […]

September 15, 2017

Construction Equipment

INFOGRAPHIC: Trencher sales and buyer trends

A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service.

September 14, 2017