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Dealers: Page 90
Strongco Q1 revenues drop 8.8%, earnings sink 18.9%
Equipment dealer Strongco Corporation’s first quarter 2017 revenues fell to $83.2 million according to its most recent financial report, representing an 8.8 percent decrease compared to the same period the year before. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $4.3 million, a decrease of 18.9 percent compared to 2016’s $5.3 million. Despite […]
May 12, 2017
Kubota Engine America opens technical training center in Illinois
Kubota Engine America has opened a technical training center in Lincolnshire, Illinois, as a means of providing “educational opportunities” for dealer technicians. The facility has 1,500 square feet of lab area and 3,400 square feet of classrooms. The company recently held its inaugural sessions for technicians, which included a course on common rail Selective Catalytic […]
May 11, 2017
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How High Fuel Prices hurt Your Business
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Rising fuel costs are impacting everyone’s bottom line. Taking a hard look at fuel costs is a matter of survival in these turbulent times.
January 29, 2024
ARA forecasts equipment rental revenue at $49.4 billion for 2017
The American Rental Association (ARA) expects U.S. equipment rental revenue in 2017 to grow 4.5 percent, reaching $49.4 billion, according to its latest five-year forecast. This is $500 million more than its previous forecast issued in January. The forecasted figure combines revenue for construction and industrial, general tool and light construction, as well as party […]
May 10, 2017
Dealers
Dealers offer financing options for today’s tricky used truck market
As sales numbers have flattened and Âvalues have crashed, financing a used truck purchase has Âbecome a tough task for dealers and customers alike. “For the past 12 to 18 months it has become increasingly difficult to acquire financing for used trucks because they don’t book well,” says David Bibler, finance manager at Truck Country. […]
May 9, 2017
Dealers
IEDA names Dewitt Equipment’s Fox as president, adds 4 to board
The Independent Equipment Dealers Association (IEDA) has named Kevin Fox of Dewitt Equipment in Barrie, Ontario, as its new president. Fox received the designation at the association’s recent annual meeting and vendor expo in Orlando. IEDA also named to its board of directors: Luke Brenner of Heavy Equipment, Austin, Texas; Kenneth Tysinger of May Heavy Equipment, […]
May 9, 2017
Dealers
Equipment Roundup: Gehl T650/750 telescopic artic loaders; Deere 20,000-hr. warranty on 944K; Kenworth T880 AWD; Barko 930B and 937B tractors
Manitou unveils Gehl T650/750 telescopic artic loaders, new compact excavators at both ends of range Manitou has launched several new compact machines as of late among which are duos of new articulated loader and compact excavator models for the company’s Gehl and Mustang machine lineups. We’ll start with the company’s new articulated loaders. We got […]
May 9, 2017
Dealers
Business Roundup: Construction spending down; Hitachi buys Sullair; Acosta confirmed as Labor Sec.; Volvo CE, United Rentals Q1 earnings
Construction spending falls 0.2% in March Gains in residential construction spending during March were offset by an identical loss in nonresidential as total construction spending in the U.S. fell 0.2 percent. Total spending fell to $1.2 trillion, but remains 3.6 percent above the March 2016 figure, according to preliminary data from the Commerce Department. Private […]
May 9, 2017
Dealers
Caterpillar acquires Yard Club, a contractor-to-contractor equipment rental service
Two years after investing in and providing some of its own dealer inventory to the service, Caterpillar has acquired Yard Club, a startup that facilitates contractor-to-contractor equipment rental. A Yard Club spokesperson reached out to Equipment World to confirm the acquisition, but the deal was first reported by TechCrunch.. Caterpillar has yet to acknowledge the deal in an official capacity […]
May 8, 2017
Dealers
RDO Equipment partners with iVolve on mining equipment fleet management
RDO Equipment has joined the iVolve partner program as a national distributor for the U.S mining market providing the latter’s fleet management systems for mining equipment customers. “iVolve is excited to work with RDO Equipment Co., extending their current product offerings to include full fleet management,” says iVolve CEO Kim Parascos. “RDO Equipment Co.’s commitment […]
May 8, 2017
Dealers
Holt Cat donates $100,000 to SA Works for workforce development
Holt Cat’s philanthropy arm, Holt Foundation, has donated $100,000 to workforce development agency SA Works to help develop learning programs and other workforce initiatives in the San Antonio, Texas, area. In addition to these initiatives, SA Works partners with the San Antonio Economic Development Foundation to offer summer job programs, job shadowing, secondary education programs and […]
May 5, 2017
Dealers
Caterpillar awards 5-Star Certification to Cashman Equipment’s Cat Rental Store
Caterpillar has presented its 5-Star Certification Award to Cashman Equipment’s Cat Rental Store in recognition of “outstanding rental operations in heavy rentals and rental services.” Only 27 other Caterpillar dealerships across the world have received the certification for rental services. Cashman Equipment worked with Cat’s Global Rental Group in reviewing the dealership’s rental operations […]
May 4, 2017
Dealers
Mckinney Trailer Rentals launches digital inspection system
Trailer equipment rental and lease dealer Mckinney Trailer Rentals, Pico Rivera, California, has launched a digital inspection system for outbound and inbound inspections. The company is using Microsoft Surface tablets with 4G LTE connectivity to capture details at the time of inspection for a report that is then emailed to a customer with their notification […]
May 3, 2017
Dealers
Hitachi eyes North American distribution network with Sullair purchase
Hitachi is purchasing Sullair from Accudyne to pick up the company’s portable air compressor business and as a means of tapping into the brand’s sales network with a primary focus on the North American market. The announced purchase price is $1.245 billion. “We are thrilled by the prospect of partnering with Hitachi to grow Sullair […]
May 2, 2017
Dealers
Five dealer advantages from using auctions for trucks
More dealers are turning to auction companies as a way to relieve their used truck glut. While auctions typically net lower prices than the retail markets, auctions’ benefits can make up for the difference. The biggest advantage is speed. Instead of turnover measured in months with no sure sign of ending, the auction process is […]
May 2, 2017
Dealers
Equipment Roundup: Deere unveils futuristic backhoe; Philippi-Hagenbuch truck attachments; Cummins oil analysis for X15; Case CX245D excavator; New ARDCO AMTs
Rear eject bodies, concrete planer among Philippi-Hagenbuch’s 4 new truck attachments Philippi-Hagenbuch has released four new products to improve truck performance for dumping, hauling, concrete planing and carrying water. ♦  Rear Eject Bodies, which eliminate the need to raise the body of the truck to dump. ♦  Autogate Tailgates, which increase hauling capacity by as […]
May 2, 2017
Dealers
Business Roundup: Cat to move global HQ to Deerfield; Topcon adds Griner and Schmitz to dealer network; Cat sales up; Hino Trucks adds dealers to Certified Ultimate Network
Caterpillar will move global HQ to Deerfield, lll., beginning this year Nearly three months after announcing plans that the company would be moving its global headquarters from Peoria to Chicago, Caterpillar has actually settled on a location a bit further north. By mid-2018, the world’s no. 1 heavy equipment manufacturer plans to call the Chicago […]
May 2, 2017
Dealers
Takeuchi-US adds Penn Jersey Machinery to dealer network
Compact equipment manufacturer Takeuchi-US has added Penn Jersey Machinery to its North American dealer network to serve customers in the northern New Jersey area. “Penn Jersey is a known dealer in the marketplace and is a well-established business,” says Kim Robinson, director of sales at Takeuchi-US. “We look forward to a great partnership and expanding […]
May 1, 2017
Dealers
Volvo CE Q1 profit soars as net sales grow 30%
Volvo Construction Equipment reports first quarter 2017 net sales increased 30 percent compared to the same period last year, to 16.16 billion Swedish Krona (SEK) ($1.83 billion). First quarter 2016 net sales were 12.45 billion SEK ($1.41 billion). The company reports operating income increased nearly quadrupled to 1.62 billion SEK ($188.7 million) from 341 million […]
April 28, 2017
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Top Stories
Wheel Loaders
Deere Intros “Technology-Packed” 744 and 824 X-Tier Wheel Loaders
Boasting an electric-drive system, the new models get “significant machine upgrades, fuel savings, increased productivity and visibility,” Deere says.
Construction Equipment
Deere Launches New, Quieter Gator UTVs with More Cargo Space
Compact Excavators
Mecalac Rolls Out 12MTX Combination Wheeled Excavator-Loader-Telehandler
Telehandlers
Bobcat Unveils Electric Telehandler Prototype
Safety & Compliance
Contractor Faces $394K in Fines After Worker Dies in Trench
Equipment World Contractor of the Year
The Contractor of the Year contest recognizes contractors who have annual revenues of between $3 million and $20 million and exemplify the highest standards of construction professionals.
