Tag: heavy equipment dealers: Page 88

Dealers

ARA drops 2017 equipment rental forecast slightly, but predicts future growth

The American Rental Association (ARA) says in its latest quarterly update on its five-year forecast that equipment rental revenue in 2017 will reach $49.3 billion, a slight decrease from the $49.4 billion the association estimated in its last report. While this new forecast is a bit lower, it still represents a 4.3-percent increase over 2016. […]

August 8, 2017

Dealers

Equipment Roundup: Case CoPilot dozer control; Volvo VNL redesign; Older engines exempt from ELD rule; New Fascan crane; Milwaukee’s Tick equipment, tool locator

Case unveils SiteControl CoPilot: A simple, affordable dozer machine control system Case Construction Equipment has introduced a machine control solution for dozers that the company says it is positioning as an affordable bridge between automatic and indicate-only systems. SiteControl CoPilot is available as a retrofit or as a factory-installed option on select Case M Series […]

August 8, 2017

Dealers

Strongco Q2 revenues drop 6%, but earnings grow

Ontario-based equipment dealer Strongco Corporation‘s second quarter 2017 revenues decreased roughly 6 percent compared to the same period last year, reaching $95.9 million. However, earnings before interest, tax, depreciation and amortization (EBITDA) increased dramatically compared to the second quarter of 2016, growing to $3.4 million compared to a loss of $2.4 million last year. “Slow […]

August 8, 2017

Construction Equipment

Astec profit dips 22% in Q2, despite sales increase

Astec Industries reported net sales of $301.9 million for the second quarter of 2017, a 3 percent increase compared to the same period in 2016. Profit however fell 22 percent during the quarter to $14.4 million, or $0.62 per diluted share. Domestic sales decreased 2 percent to $236.9 million during Q2, while international sales increased […]

August 8, 2017

Dealers

Business Roundup: Shawmut Equipment turns 60; Prinoth adds Company Wrench to dealer network; Construction spending down; Smith Concrete, Shelly host fundraiser; Empire Crane taps NJ manager

Nonresidential sends construction spending down 1.3% in June Decreases in spending on apartment homes and nonresidential projects were the difference in June’s construction spending report, as total U.S. spending fell 1.3 percent to a seasonally adjusted annual rate of $1.205 trillion. Despite the monthly drop, the annual rate remains 1.6 percent above the June 2016 […]

August 8, 2017

Roadbuilding

WSDOT creates online open house for Alaskan Way Viaduct demolition

The Washington State Department of Transportation (WSDOT) has created an online open house to offer the public a view of plans to demolish the old Alaskan Way Viaduct after the new SR 99 tunnel opens in early 2019. Bertha, the world’s largest tunnel boring machine, finished the outer wall of the SR 99 tunnel in […]

August 8, 2017

Dealers

Stephenson Equipment to acquire Walsh Equipment

Stephenson Equipment Incorporated (SEI) is acquiring Walsh Equipment, with the latter operating as a division of SEI and continuing to operate out of its two Pennsylvania locations. SEI was founded in 1957 and is based in Harrisburg, Pennsylvania. It now has four branches in its home state along with two in New York. Walsh is […]

August 7, 2017

Dealers

Bomag Americas names Sweet as VP of sales and marketing

Bomag Americas has named Shawn Sweet as vice president of sales and marketing, with responsibilities over dealer and rental sales teams, marketing, product management and new business development. Sweet has 27 years of experience in the construction industry, having worked the first 17 of those years at Ingersoll Rand. He then spent seven years as […]

August 4, 2017

Dealers

Hyundai CE adds Newman Tractor to NA dealer network

Hyundai Construction Equipment Americas has added Newman Tractor, based in Bartow, Florida, to its North American dealer network. This addition adds coverage for sales, rentals, service and parts to central Florida. “The addition to our authorized dealer network of another established, successful dealership continues strengthening our ability to meet the needs of construction equipment customers […]

August 3, 2017

Dealers

Franklin Equipment opens Louisville, Ky. branch

Franklin Equipment has opened a new branch in Louisville, Kentucky, which expands the company’s regional coverage into the state beyond the locations in Ohio, Indiana, Wisconsin and Tennessee, the company reports. Franklin Equipment Louisville follows another opening in June of a branch in Nashville, Tennessee. “We are excited to enter the Kentucky area markets and […]

August 2, 2017

Dealers

H&E Equipment Q2 revenues up 3%, net income jumps 32%

Baton Rouge-based H&E Equipment Services saw second quarter revenues increase 3 percent over the same quarter in 2016 at $249.4 million, with a 32 percent increase in net income to $9.9 million. Revenues were led by an 8.9 percent increase in rental revenue for the quarter, reaching $118.4 million compared to $108.7 in 2016. H&E’s […]

August 1, 2017

Dealers

Equipment Roundup: Volvo PL3005E pipelayer; Eterra PDX-750; VIDEO: What’s a Dumphoe?; New Michelin XTRA Load tires; Deere gives teacher CTL

Volvo’s new PL3005E pipelayer lifts more, converts to excavator with no power loss Volvo CE calls its new PL3005E the “most productive pipelayer” the heavy equipment maker has ever offered in its size class, citing lifting, power, torque and fuel efficiency increases in the new model. Powered by a Tier 4 Final Volvo D8J engine, […]

August 1, 2017