John Deere announced a strategic partnership with Leica Geosystems, part of Hexagon, to help accelerate the digital transformation of the heavy construction industry. The partnership between John Deere and Leica Geosystems will leverage the strengths...
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February 20, 2024, 07:20 AM
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4Rivers Equipment is set to expand its service in the Colorado region, as it has entered into an agreement to acquire three Honnen Equipment locations in Commerce City, Grand Junction and Durango. With this move, 4Rivers Equipment reinforces its...
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November 28, 2023, 07:11 AM
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JCB announced it is set to build a new factory in North America which will create 1,500 new jobs over the next five years. The construction of the 720,000 square foot factory will begin early next year on a 400-acre site in San Antonio, TX.The new...
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October 16, 2023, 07:00 AM
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Stonebriar Commercial Finance announced the closing of a $100 million construction financing and long-term lease on new passenger rail cars. This transaction supports the lessee’s further expansion to service its growing customer base. Steve White...
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May 09, 2023, 07:25 AM
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Pacific Coast Iron, Inc. is the latest West Coast construction equipment dealer to join the rapidly expanding LiuGong North America dealership network. Pacific Coast Iron leaders said they partnered with LiuGong to continue selling premium...
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April 25, 2023, 07:08 AM
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Capteris Capital, an equipment finance company supported by the capabilities of Wheels and MidCap Financial, announced the closing of a $10 million lease through one of its strategic capital market partners to finance construction equipment for a...
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March 03, 2023, 07:15 AM
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Honour Capital announced it has provided $5 million in financing to an Upper Midwest construction company to acquire construction equipment.“Our business has experienced record growth coming out of COVID,” said the construction company’s CEO. “We...
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January 27, 2023, 07:23 AM
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EquipmentWatch, the industry’s source for heavy equipment data and intelligence, has released its annual State of the Construction Equipment Economy white paper.To keep a pulse on what is happening in the equipment market, EquipmentWatch analysts...
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December 19, 2022, 07:15 AM
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Volvo Construction Equipment has launched a new financing option for the company’s electric compact equipment that simplifies the ownership experience. This all-inclusive leasing package bundles charging, maintenance, repairs and more — while also...
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October 26, 2022, 07:05 AM
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Fleet Up Marketplace, a construction equipment ecommerce website, announced it has relaunched as FleetNow to align with the growth of its expanded services.As of 2022, the site is a top destination for equipment shoppers looking for deals on...
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October 18, 2022, 07:00 AM
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Manitex International, an international provider of truck cranes, specialized industrial equipment and construction equipment rental solutions, announced it has received a continuation order valued at up to $3 million, for articulated cranes, from an...
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September 26, 2022, 07:15 AM
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Recent Sandhills Global market reports identified trends in used medium-duty construction equipment in Sandhills marketplaces, including consecutive months of inventory increases, that signaled potential value changes. In July, medium-duty...
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August 05, 2022, 07:12 AM
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With its July Market Trends Report, Ritchie Bros. digs into construction and aerial equipment sales through the first half of 2022. In the United States, Ritchie Bros. mix-adjusted price indexes (for April to June) show prices for used large and...
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July 20, 2022, 07:12 AM
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LiuGong North America announced a new private label program to become a one-stop shop for equipment and financing. The new LiuGong Finance program will serve customers and dealers with a multitude of benefits.“As we continue to help support, grow and...
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April 26, 2022, 07:20 AM
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Sentry Financial recently closed a $62 million equipment lease of lift and material-handling equipment to a premier construction technology company.Sentry Financial excels at providing its partners and customers with structured transactions across a...
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January 07, 2021, 07:15 AM
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Key Equipment Finance, a division of KeyBank, announced it has served as the lead arranger of a group syndication providing $167.5 million in financing for the Liquefied Natural Gas (LNG) container ship George III, which will join the Pasha Hawaii...
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July 24, 2020, 07:25 AM
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CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services LLC.Headquartered in Clute, TX...
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June 18, 2020, 07:05 AM
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For the eighth consecutive year, construction industry executives say they feel optimistic about the year ahead for their business sector, according to the 43rd Wells Fargo Construction Industry Forecast released. The 2019 forecast reveals sustained...
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February 27, 2019, 07:30 AM
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Construction industry executives are more optimistic about nonresidential construction activity than they have been since the 21st Century, according to a nationwide survey of industry contractors and equipment distributors released today from Wells...
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March 01, 2018, 07:25 AM
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Overall construction spending reached a record high in October, although public-sector investments in infrastructure continued to lag earlier levels, according to an analysis of new government data by the Associated General Contractors of America....
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December 04, 2017, 07:28 AM
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Construction costs rose again in August, according to IHS Markit and the Procurement Executives Group (PEG). The headline IHS Markit PEG Engineering and Construction Cost Index registered 54.0, up from 51.3 in July. Both material/equipment and labor...
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September 01, 2017, 06:40 AM
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Construction spending during May 2017 was estimated at a seasonally adjusted annual rate of $1,230.1 billion, nearly the same as (±2.5 percent)* the revised April estimate of $1,230.4 billion. The May figure is 4.5 percent (±2.5 percent) above the...
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July 05, 2017, 07:00 AM
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Construction industry executives have entered 2017 with increased optimism for nonresidential construction activity, according to a recent survey of industry contractors and equipment distributors released today from Wells Fargo Equipment Finance. ...
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March 07, 2017, 07:18 AM
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Technavio research analysts forecast the global construction machinery market to grow at a CAGR of close to 12% during the forecast period, according to their latest report. The study covers the present scenario and growth prospects of the global...
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December 27, 2016, 07:00 AM
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The construction equipment rental market size is expected to reach US$75.18 billion by 2024; according to a new research report by Global Market Insights, Inc.The practice of leasing instead of purchasing heavy machinery has proven to be beneficial...
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September 27, 2016, 07:07 AM
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Liquidity Services announced the launch of a new marketplace IronDirect® that provides construction equipment buyers a convenient online platform to purchase a large and growing number of value-priced and premium brand products – ranging from...
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September 16, 2016, 07:04 AM
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U.S. construction companies are not embracing technological advancements, such as drone aircrafts, robotics, RFID equipment and materials tracking, and data analytics, according to KPMG International’s Building a technology advantage – Global...
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September 15, 2016, 07:10 AM
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Total retail sales of 2WD and 4WD tractors and combines continue to track higher than their comparable 2015 levels and 5-year average, with strong under 40HP tractor sales offsetting significant declines in the larger production equipment, according...
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May 31, 2016, 07:05 AM
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Research and Markets has announced the addition of the "Global Construction Equipment Finance Market 2016-2020" report to their offering. The global construction equipment finance market to grow at a CAGR of 9.9% during the period 2016-2020. Global...
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May 24, 2016, 07:20 AM
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Research and Markets announced the addition of the "Construction Equipment Rental Market Analysis By Product (Earthmoving, Material handling, Concrete & Road Construction) And Segment Forecasts To 2022" report to their offering. The construction...
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March 31, 2016, 07:30 AM
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The construction industry is entering 2016 less optimistic than in 2015, but overall bullish about local, nonresidential construction activity, according to a recent survey of industry contractors and equipment distributors released today from Wells...
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January 20, 2016, 07:05 AM
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Construction spending in June recorded the highest year-over-year growth rate since 2006, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that those spending gains could be at risk...
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August 06, 2015, 07:15 AM
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Many timeshare industry professionals expect sharply increased demand for construction loans in the coming year, according to the fourth-annual Vacation Ownership Survey by Capital One. Thirty-three percent of those surveyed cited construction and...
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June 17, 2015, 07:10 AM
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Construction spending slipped in March from upwardly revised February totals but increased modestly from a year earlier, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that those...
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May 04, 2015, 07:04 AM
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Patriot Equipment Finance LLC (PEF) has provided a $2 million lease solution for a Toronto, Canada based construction company. The transaction consisted of Caterpillar equipment. The client turned to PEF after thoroughly reviewing and consulting with...
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April 16, 2015, 07:17 AM
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Credit Management Association® (CMA), Ansonia Credit Data and Southwest Business Credit Services released The Construction Credit Report, providing companies in the construction industry all the critical information they need to facilitate sales to...
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April 13, 2015, 07:05 AM
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Research and Markets announced the addition of the "North America Construction Vehicles Market Forecast and Opportunities, 2020" report to their offering. According to Research and Markets North America Construction Vehicles Market Forecast &...
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April 08, 2015, 06:43 AM
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The global market for construction equipment is expected to reach USD 208.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing number of infrastructure projects on a global scale is expected to be the key driving force...
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August 29, 2014, 07:28 AM
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Construction equipment dealers are optimistic that rental activity will remain strong, according to a survey recently conducted by GE Capital, Equipment Finance. In fact, they estimate that the rental segment of the industry will grow about 12...
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May 23, 2014, 07:00 AM
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According to analysts with Great American Group, a leading provider of asset disposition, valuation and appraisal services, the building materials industry experienced a trying first quarter due to harsh weather conditions, particularly in the...
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May 02, 2014, 06:18 AM
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Sageworks, a financial information company, recently released data showing that privately held residential construction companies entered this year with stronger financial fundamentals than in recent years. Private residential construction companies...
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April 04, 2014, 07:00 AM
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Total construction spending increased between October and November and for the year amid growing private-sector demand, according to an analysis of Census Bureau data by the Associated General Contractors of America. Association officials noted...
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January 20, 2014, 06:50 AM
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Caterpillar and Trimble, a global leader in technology solutions, today announced new agreements that will bring complete, technology-enabled construction jobsite solutions to the market. Building on a partnership that spans nearly 20 years, the new...
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January 06, 2014, 06:47 AM
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According to GE Capital’s 3rd Quarter 2013 Construction Update, housing construction continues to experience a steady recovery, but at a slower pace than Q1. Reflecting uncertainties about future Fed policies on rates, the housing sector lost some...
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November 18, 2013, 07:02 AM
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Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2013, according to a survey by Wells Fargo Equipment Finance.As part of its 2013 Construction Industry Forecast, Wells...
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March 07, 2013, 07:20 AM
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According to survey results released today by GE Capital, Equipment Finance, participants in the construction equipment industry are more optimistic about 2013, with 75 percent saying they expect retail sales of construction equipment to increase by...
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February 08, 2013, 07:30 AM
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Significantly more construction firms are planning to add new staff than plan to cut staff while demand for many types of private sector construction projects should increase this year according to survey results released by the Associated General...
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January 16, 2013, 07:33 AM
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According to the Wells Fargo Equipment Finance Construction Quarterly report for Q4 2012, the Construction Group at Wells Fargo Equipment Finance is modestly positive about the prospects for the construction industry for 2013. The report says...
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December 20, 2012, 07:40 AM
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Volvo Construction Equipment reports that it has reduced production and inventory in its facilities along with inventories at its dealers in response to a drop in sales and an “uncertain outlook.”Volvo CE released its third quarter earnings report...
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October 25, 2012, 07:19 AM
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Associated Builders and Contractors (ABC) released its Construction Backlog Indicator (CBI) for the first quarter of 2012. CBI declined 5.4% from the previous quarter, dipping from 7.8 months to 7.4 months, but is slightly higher compared to the...
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May 18, 2012, 07:30 AM
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Caterpillar Inc. announced it has signed an agreement that would result in Platinum Equity acquiring a 65% equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics...
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May 11, 2012, 07:30 AM
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GE Capital’s Industry Research Monitor for Spring 2012 indicates the construction industry experienced small but consistent quarterly improvements in virtually all metrics providing positive momentum for 2012.According to the report, total...
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April 30, 2012, 08:10 AM
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Caterpillar Inc. reported first-quarter 2012 sales and revenues of $15.981 billion, up 23% from $12.949 billion in the first quarter of 2011. Profit was a record $1.586 billion in the quarter, an increase of 29% from $1.225 billion in the first...
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April 25, 2012, 07:30 AM
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CNH Global announced financial results for the quarter ended March 31, 2012. For the quarter, net sales increased 22% (25% on a constant currency basis) to $4.6 billion as a result of solid trading conditions for agricultural machinery and...
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April 25, 2012, 06:30 AM
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Ritchie Bros. set multiple records at its first-ever Mexico national auction held in Polotitlan, State of Mexico on March 28 & 29, 2012. The Company has been in business for more than 50 years and has been conducting unreserved heavy equipment...
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April 09, 2012, 06:40 AM
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FMI, the largest provider of management consulting and investment banking to the engineering and construction industry, announced the release of its Nonresidential Construction Index report for the first quarter of 2012.The NRCI gained 7.8 points...
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March 16, 2012, 07:15 AM
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The Q1 2012 Construction Quarterly published by Wells Fargo Equipment Finance, notes that despite chronically high unemployment and depressed public spending, total construction spending appears to have bottomed and construction executives are...
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February 23, 2012, 08:00 AM
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Ritchie Bros. Auctioneers held the world's largest heavy equipment auction in Orlando, Florida last week (February 13 - 18, 2012) and, in the process, broke multiple Company records. New records were set for gross auction proceeds (US$203 million)...
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February 21, 2012, 08:30 AM
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Equipment World reported that Ritchie Bros. says it’s hoping to beat their previous 2008 record of $190 million in gross auction proceeds from one auction after reviewing the results of the first two days of a six day auction being held in Orlando...
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February 15, 2012, 08:00 AM
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According to the January 2012 Rouse Rental Report, December OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.1% from November values. For the six months ending December 31, 2011...
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February 01, 2012, 06:30 AM
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Construction equipment dealers are looking forward to improving trends in 2012 while acknowledging the challenges facing the industry, according to survey results released today by GE Capital, Dealer Finance. Forty percent of respondents said they...
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January 31, 2012, 06:30 AM
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The most recently released 2012 Construction and Hiring Business Outlook released by The Associated General Contractors of America’s (AGC) says the construction industry is mixed for 2012, as firms must balance growing demand for certain private...
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January 31, 2012, 06:00 AM
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American Cranes & Transport reported economic forecasts and analysis of the cranes and heavy transport sector point to a cautiously optimistic outlook for 2012, according to a webinar produced in partnership between the Specialized Cranes & Rigging...
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December 12, 2011, 05:30 AM
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Associated Builders and Contractors released its 2012 economic forecast for the U.S. commercial and industrial construction industry. “ABC’s analysis of construction trends indicates 2012 will be a year of gradual progress as advances in private...
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November 23, 2011, 07:30 AM
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The Manitowoc Company, Inc. reported sales of $935.4 million for the third quarter of 2011, an increase of 15.9% compared to sales of $807.1 million in the third quarter of 2010. The sales increase was driven by a 20.7% increase in Crane segment...
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November 07, 2011, 06:30 AM
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