Tag: heavy equipment distributors: Page 9

Dealers

More mergers, acquisitions likely as Alta Equipment reports 41% Q2 revenue increase

Alta Equipment Group reported an increase in net revenues of 41 percent year-over-year in Q2, rising from $136 million in 2019 to $191 million this year. In addition, the company’s industrial and construction revenues were $95 million and $97 million, respectively, during the quarter. Alta became public in mid-February, and carries the Volvo Construction Equipment, […]

August 18, 2020

Dealers

Equipment Roundup: How the First Cat Tractor Built Was Rescued, Restored; Morooka intros largest U.S.-built rotating crawler carrier; Cat’s New Thermal Imaging Camera Debuts on AP1055F Paver; Genesis launches largest Razer demolition tool for excavators

Genesis launches GDT 590, its largest Razer demolition tool for excavators Genesis’ new GDT 590 Razer demolition tool expands the company’s range of concrete processors and demolition shears to excavators weighing 120,000 pounds and up. The GDT 590 features a 52-inch jaw opening, 64.5-inch jaw depth and over 12-foot reach from the attachment mounting pivot […]

August 17, 2020

Dealers

AED Foundation to offer high school equipment aptitude test

In an effort to give 13- to 17-year-olds a way to test their desire to enter the equipment industry, the AED Foundation has created a Construction Career Aptitude Test. The test, says the Foundation, would “allow students the opportunity to see where they stand before committing to an industry program. Students can then make an […]

August 14, 2020

Dealers

Ritchie: Equipment auction price trends continue moderate declines

While U.S. and Canadian used equipment values in general continue to be lower compared with the same period last year, the rate of decline remains moderate, says Ritchie Bros. in its August market trends report. In the three months ending in July, Ritchie says prices for used heavy equipment declined on whole around 2 percent, […]

August 12, 2020

Dealers

Equipment Roundup: Cat Dozer Experts Explain Restructured Lineup; Everything You Should Know About New Aerial Lift Standards; Leica’s new 3D excavator control; Fecon intros EXC Stump Grinder; Digga Bigfoot skid steer trencher

Digga Bigfoot turns mini-skid steer, skid steer, CTL into trencher If you want to turn your skid steer, compact track loader or compact utility loader (also known as a mini skid steer) into a trencher, Skid Steer Solutions is now offering Digga Bigfoot Trencher attachments. The trenchers, manufactured by Australia-based Digga, come in three models, […]

August 11, 2020

Construction Equipment

Caterpillar expands online machine sales, with set pricing, further into lineup

All U.S. Cat dealers are now offering online retail-pricing on several Cat machines throughout its lineup, the culmination of a two-year initiative the company first revealed last fall. Cat says it’s offering retail pricing—which offers customers a specific, set price on a machine—through its dealers on shop.cat.com. Initially created as a compact equipment initiative, retail prices […]

August 7, 2020

Dealers

Terex Q2 sales drop 47%

Terex net Q2 sales dropped to $690.5 million, compared to $1.3 billion for the same quarter in 2019—a decrease of 47 percent. “While the COVID-19 pandemic continues, global economic activity has gradually recovered but remains below pre-COVID-19 levels,” says John L. Garrison, Jr., Terex chairman and CEO. “In response to lower customer demand, we are […]

August 5, 2020

Dealers

United Rentals Q2 rental revenues drop 16.2%

United Rentals total rental Q2 revenues dropped 16.2 percent year-over-year to $1.642 billion, compared to $1,960 billion during the same period last year. In addition, fleet productivity — a measurement of the combined impact of changes in rental rates, time utilization and mix on owned equipment rental revenue — decreased 13.6 percent. The company noted, however, […]

August 4, 2020

Dealers

Cat sales, revenues down 31% in Q2

Caterpillar has reported second-quarter 2020 sales and revenues of $10.0 billion, a 31 percent decrease compared with $14.4 billion in the second quarter of 2019. The company says the decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Dealers decreased machine and engine inventories […]

August 3, 2020

Dealers

Equipment Roundup: Will the new Bronco make a good work truck? GMC teases 1,000-hp electric Hummer; Skid steers earning new respect; Diesel debuts on 2021 Jeep Gladiator; Okada intros TOP 1000J hammer

Demolish reinforced concrete with Okada’s new TOP 1000J hydraulic hammer Applications for the 17,000-foot-pound class breaker include demolition of heavily reinforced concrete structures, building foundations, trench rock and boulders. The hammer requires 92 to 110 gallons per minute of hydraulic flow at 2,470 to 2,900 pounds per square inch, and it breaks at a rate […]

August 3, 2020

Dealers

Takeuchi adds EquipmentShare as dealer in Columbia, Mo.

Takeuchi-US has named EquipmentShare, Columbia, Missouri, as a dealer. The company will sell the full range of Takeuchi track loaders, excavators and wheel loaders and also serve as an authorized Takeuchi equipment repair center in addition to stocking parts. Established in 2014, EquipmentShare provides multiple lines of equipment manufacturers for a wide variety of customers. “We’re […]

July 30, 2020

Dealers

Takeuchi honors top dealer, sales person of the year

Feenaughty Machinery has been named Takeuchi-US’s 2020 Dealer of the Year. Feenaughty Machinery ranked number one in total sales for Takeuchi products in 2019. The full-service construction dealer has locations in Portland and Eugene, Oregon. Feenaughty Machinery is “a top-performing dealer who has really done a great job with the Takeuchi brand throughout its territory,” […]

July 28, 2020