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Terex profit falls 24% in 3Q as sales slip across divisions
Terex R070T compact track loader Citing a marketplace that “remains challenging,” Terex announced another down quarter for the year, with its Aerial Work Platforms division continuing to provide the...
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Thousands of Caterpillar employees take early retirement as cuts continue
As Caterpillar begins its extensive workforce cuts around the world, thousands of employees have decided to take an offer of early retirement. Since announcing a cost-cutting plan in September,...
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CNH Industrial sales drop 24% in 3Q as company posts $128 million loss
Case 580N EP backhoe Across the board declines continued for CNH Industrial in the third quarter, leading the company to decrease its sales forecast for the rest of the year. The company, which...
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Judge throws out ICP’s antitrust suit against Caterpillar, Komatsu and Volvo CE
A lawsuit filed against three of the largest manufacturers of construction equipment alleging that they worked together to limit competition from Chinese manufacturers has been thrown out of federal...
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Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan
As part of the company’s cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round of layoffs with cuts affecting five facilities around the U.S. According to...
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Caterpillar profit drops 41% in Q2 as oil, gas, mining continue to hurt sales
Reporting a second quarter that saw sales fall 16 percent, Caterpillar has again cut its outlook for 2016. Facing continued downturns in the oil, gas and mining industries coupled with sluggish...
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Curry Supply expands parts distribution
Curry Supply, Martinsburg, Pennsylvania, is expanding its parts and components distribution network and is adding 32,000 square feet of warehouse and office space capacity to its East Freedom location....
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Curry Supply names Wilt director of marketing
Wilt Commercial service vehicle manufacturer and dealer Curry Supply has named Heather Wilt as the company’s director of marketing with responsibilities for corporate marketing strategy, advertising,...
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Dutch compact equipment brand Giant will make North American debut at GIE+ Expo
V452T X-TRA HD compact wheel loader Dutch equipment brand Giant will make its entrance to the North American market with the debut of compact equipment lineup at the GIE+ Expo in Louisville later this...
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Volvo to relocate Construction Equipment HQ to Sweden
After nearly 40 years in Belgium, Volvo Construction Equipment has announced that the company will be moving home. The heavy equipment manufacturer will be relocating its global headquarters from...
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Cat machines will soon look slightly different with updated logo design, new...
From here on out, new Caterpillar machines are going to look a bit different thanks to a branding redesign the company unveiled today. Cat’s new trade dress marks the latest of many changes the nearly...
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AEM launches ConExpo Connect research tool for contractors buying equipment
The Association of Equipment Manufacturers has launched CONEXPO Connect, a website designed to help contractors interested in buying construction and aggregate equipment. The platform provides...
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Strong construction market to continue with rising equipment sales, no...
Construction on Route 11 bridge. Photo courtesy of PennDOT. Optimism among contractors, equipment dealers, rental companies and equipment manufacturers remains high, and executives at Wells Fargo...
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Bidadoo reports 50% growth in its online equipment auctions
Bidadoo, an online construction equipment auction firm, reports a 50 percent increase in sales growth for the first half of 2019 when compared to the same period last year. Part of the growth has come...
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Talbert Manufacturing hires David Henderson as dealer development manager
Talbert Manufacturing has named David Henderson as its dealer development manager, creating the position to support its growing dealer network. Henderson In this position Henderson will work closely...
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It’s not too late to get 100% depreciation on Dec. construction equipment...
Though December 31 is closing in fast, contractors still have time to purchase construction equipment and write off 100 percent of the cost of that purchase as depreciation on their 2019 taxes. Called...
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