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Tag: China
Dealers
Herc Holdings sells Hertz China to LiuGong in move to concentrate on North American market
Herc Holdings has sold all of its interest in Hertz Equipment Rental (also known as Hertz China) to Guangxi LiuGong Machinery, a move it says will help it focus on the North American market. Pending approval of government authorities in China, the deal is expected to close in 60 days. “The sale of our business […]
March 2, 2020
Construction Equipment
‘Superheated’ scissor lift market spurs new entrants Pettibone, LGMG. Can they succeed?
Editor’s Note: Since this article published, LiuGong has also entered the U.S. scissor lift market. You can read about that here and the Chinese manufacturer’s deepening involvement in North America here. Craig Paylor, former president of JLG, was looking to add some scissor lifts in 2018 as an additional revenue stream to his truck distribution business. […]
February 24, 2020
Dealers
Terex Corp. posts 8% sales gain in 2Q
Terex Corp. posted an 8 percent increase in net sales in the second quarter over the same period in 2018, excluding the foreign exchange impact. The company’s aerial work platform division, which consists of Genie and Terex Utilities brands, were up 5 percent, excluding the foreign exchange impact, to $870 million. The global backlog for […]
July 31, 2019
Construction Equipment
Doosan Bobcat opens Global Collaboration Center in downtown Minneapolis
The new center’s location gives the company access to talent to help complement the company’s current innovation teams and much more. More on Equipment World.
July 15, 2019
Construction Equipment
Volvo CE off to good 2019 start with 15% rise in 1Q sales
Company President Melker Jernberg called the first-quarter results good for the global construction equipment market. More on Equipment World.
May 3, 2019
Construction Equipment
Cat sales jump 20% in 2018: Record profit per share, but stock dives
Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.
February 3, 2019
Business
Contractors optimistic about 2019, despite labor shortage, trade war
Despite labor shortages and a trade war with China, contractors are optimistic about increasing hires and maintaining workloads in 2019. Click to learn more.
January 7, 2019
Telematics
There will be 4.9M construction machines with OEM telematics by 2022, report says
Could construction equipment OEM telematics systems reach an estimated 4.9 million units by 2022? Berg Insight believes it will. Learn more on Equipment World.
January 1, 2019
Dealers
During 60th anniversary, LiuGong dealer conference looks to future
LiuGong’s 2018 Global Dealer Conference held special significance this year as the company celebrates its 60th anniversary. Get more details on Equipment World.
December 13, 2018
Components
Michelin, Goodyear raise commercial tire prices
Michelin is among the latest tire manufacturers to announce an increase in prices. If you're considering new commercial tires now may be the time to act. Learn more.
December 3, 2018
Roadbuilding
World’s longest sea bridge opens, linking Hong Kong, mainland China
The 34-mile Hong Kong-Zhuhai-Macau Bridge links Hong Kong, the city of Zhuhai on the mainland and the island of Macau is the world's longest sea bridge.
October 31, 2018
Construction Equipment
JLG celebrates manufacturing 250,000th telescopic boom lift
JLG manufactured the world's first self-propelled telescopic boom lift in 1970. Check out its 250,000th boom lift produced in North America here.
October 26, 2018
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