After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.9 percent (up from 7.0 percent in the third-quarter Economic Outlook published in July) according to the fourth-quarter update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation.
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AED to Host Executive Conclave
Associated Equipment Distributors is hosting the 2018 Executive Conclave, Sept. 26-27, at the MGM National Harbor in Oxon HIll, Md. The one-and-a-half day conference will focus on the issues most relevant to today’s equipment dealerships, stimulating new thinking and inspiring action. During the event, executives from many AED companies will gather to share ideas and work together to learn from one another. The…
Read MoreDe Beers Canada’s Snap Lake Mine to Auction Equipment
De Beers Canada’s Snap Lake Mine in Yellowknife, NWT, Canada, will sell and auction a variety of equipment assets, including mining equipment, construction equipment and new inventory such as tires, wires and cables, transformers, substations and underground mining consumables.
Read MoreMcCloskey Adds North American Dealer to Global Network
Excel Machinery Ltd. will join McCloskey Washing Systems (MWS) as an official distributor offering a full range of washing and classification equipment at its locations in Texas and Oklahoma. The partnership announcement was made following ConExpo-Con/Agg, where MWS officially launched the SandStorm 620 modular wash plant. With Excel Machinery’s strong presence in the waste and recycling sector and expansion into washing applications, the…
Read MoreCaterpillar Moving Headquarters to Chicago
Caterpillar Inc. announced it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed the ongoing importance of its presence in Peoria and Central Illinois.
Read MoreConstruction Costs End 2016 on a High Note
Construction costs rose for the second straight month, according to IHS Markit and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index (ECCI) registered 53.3, up from 50.7 in November, continuing the recovery after a 22-month slump in prices. Strength was evident in both labor and material markets.
Read MoreWhich Loader has the Highest Retained Value?
EquipmentWatch, which provides data, software and insights for the heavy equipment industry, announced the finalists for the 2nd annual Highest Retained Value Awards. The awards recognize manufacturers in 28 heavy equipment categories – spanning the construction, agriculture and lift/access manufacturing sectors – for products that show the highest retained value over the last five years. The finalists in the Large…
Read MoreIronDirect Opens 100-Acre Customer Experience Center
IronDirect, which offers a convenient online platform for construction equipment buyers to acquire machines, attachments, parts and services, announced the grand opening of a 100-acre customer experience center in Asheville, N.C. The state-of-the-art facility offers prospective customers, dealers and sales partners the opportunity to operate and evaluate premium and value-priced equipment from brands such as Paladin, Berco, Lonking, Shantui and…
Read MoreCNH Industrial Honored with AEM Awards
The Association of Equipment Manufacturers (AEM) honored CNH Industrial with its Pillar of the Industry Award, recognizing the company’s work to improve the business environment for the equipment manufacturing industry in the United States of America in 2016. This is the fifth consecutive year that CNH Industrial has been recognized for its efforts to advocate for pro-manufacturing solutions to elected…
Read MoreKomatsu America Adds Midlantic Machinery as Distributor
Komatsu America Corp., a leading global heavy equipment manufacturer, announced the appointment of Midlantic Machinery as the forestry equipment distributor for the state of Delaware and most of Maryland. Midlantic Machinery will handle the full-line of Komatsu forestry equipment, which includes track feller bunchers and harvesters, log loaders, wheeled harvesters, forwarders, and harvesting/processing heads. The dealer is also the distributor…
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