Tags: construction equipment

Antitrust suit filed against Caterpillar, Komatsu and Volvo

Jan 30, 2015

Antitrust suit filed against Caterpillar, Komatsu and Volvo

International Construction Products has filed an antitrust lawsuit against the three biggest names in construction equipment, accusing them of colluding to limit competition in the U.S. The suit was filed in a U.S. District Court in Wilmington, Delaware, and names Caterpillar, Komatsu ...

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CNH Industrial sales decline again, 14 percent profit decline for 2014

Jan 30, 2015

CNH Industrial sales decline again, 14 percent profit decline for 2014

It wasn’t nearly as bad as the third quarter, but the fourth certainly wasn’t much better for CNH Industrial which saw sales declines across all equipment and vehicle segments. Sales for the company, makers of the  and New Holland equipment brands, fell ...

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Komatsu profit up 5.5 percent in 3Q

Jan 29, 2015

Komatsu profit up 5.5 percent in 3Q

  Helped by a weakening of the yen against the U.S. dollar as well as increased equipment sales in the Americas and Europe, Komatsu posted gains in both profit and sales during its fiscal third quarter. For the quarter, which ended December 31, ...

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Caterpillar full-year earnings dip with bad 4Q; 2015 doesn’t look good either

Jan 27, 2015

Caterpillar full-year earnings dip with bad 4Q; 2015 doesn’t look good either

For a second consecutive year, Caterpillar sales and profit have fallen. And in addition to the slump in demand for mining equipment that has plagued the company for the last two years, Cat is now contending with falling oil prices, ...

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Insight on $300 million worth of heavy equipment stolen in 2013

Dec 05, 2014

Insight on $300 million worth of heavy equipment stolen in 2013

Nearly $300 million worth of construction and other heavy equipment was stolen in 2013 with only 21 percent of it recovered, according to the latest theft report from the National Insurance Crime Bureau and the National Equipment Register. The majority of thefts occurred ...

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Caterpillar profit up eight percent in 3Q, beats expectations

Oct 24, 2014

Caterpillar profit up eight percent in 3Q, beats expectations

Caterpillar has announced an increase in both profit and sales during the third quarter, beating analyst expectations despite more declines in demand for mining equipment. The company announced profit of $1.017 billion, or $1.63 per share, an increase of 8 percent ...

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Man steals Caterpillar excavator and more

Sep 15, 2014

Man steals Caterpillar excavator and more

Police have arrested a man in Beaufort County, N.C., after he allegedly stole a Caterpillar excavator and other construction equipment from his employer. The thief, Herbert Lee Garriss, 46, has been charged with three counts of larceny. Authorities say Garriss stole a Caterpillar excavator, a ...

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Construction equipment among quickest recovering industries from recession

Sep 10, 2014

Construction equipment among quickest recovering industries from recession

According to a new study of the construction equipment industry released Tuesday by the Association of Equipment Manufacturers, the industry was among the quickest to recover from the throes of the Great Recession and contributes nearly four times its market ...

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VIDEO: Semi hauling an excavator plows through a guardhouse while pulling onto college campus

Aug 25, 2014

VIDEO: Semi hauling an excavator plows through a guardhouse while pulling onto college campus

At Bellhaven University they’re referring to it as “the Guardhouse Incident.” With construction having begun on a new on-campus apartment complex, a lot of big construction equipment is making its way onto Bellhaven’s small campus in Jackson, Mississippi. And, as you ...

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Construction equipment and truck sales rising

Jun 03, 2012

Sales of construction equipment by the world’s 50 largest manufacturers grew 25 percent last year to $182 billion, according to the annual Yellow Table survey by KHL Group. This was a record for the industry, surpassing the previous high of $168 ...

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Volvo Rents acquires Action Equipment Rental

May 23, 2012

Volvo Rents acquires Action Equipment Rental

Volvo Rents has expanded in New Mexico with its acquisition of Action Equipment Rental, a three-location construction equipment rental company with stores in Alamogordo, Las Cruces and Silver City. Through such acquisitions, Volvo Rents has added 49 stores in the past ...

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CNH teams with Thunder Creek Equipment to offer fuel, service trailer line

May 22, 2012

CNH Parts & Service, the product support business of agricultural and construction equipment maker CNH Global, on May 22 announced a new supplier agreement with LDJ Manufacturing Inc. of Pella, Iowa, to offer its Thunder Creek Equipment line of fuel ...

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