AED News

Titan Machinery Inc. Reports 2013 Results, Announces Construction Consolidation

April 13, 2014 4:30 pm

Titan Machinery reported financial results for the fiscal fourth quarter and full year ended Jan. 31, 2014 and announced it will be reducing its headcount 11.7 percent, primarily though consolidation of seven construction stores and one agriculture store.

Fiscal 2014 Fourth Quarter Results

For the fourth quarter of fiscal 2014, revenue was $708.6 million, compared to $784.5 million in the fourth quarter last year. Equipment sales were $587.9 million for the fourth quarter of fiscal 2014, compared to $679.0 million in the fourth quarter last year. Parts sales were $61.4 million for the fourth quarter of fiscal 2014, compared to $53.5 million in more »

Canadian Business Owners’ Optimism Drops Slightly From Six Months Ago

April 13, 2014 4:29 pm

According to the semi-annual BMO Small Business Confidence Report released April 10, Canadian business owners’ confidence in the state of the economy and their business prospects dropped slightly compared to the latter half of 2013, but is still up from a year ago.

The BMO Small Business Confidence Report is designed to produce an index score that measures the level of confidence small business owners have in the economy and their business prospects based on a series of key indicators, including their predictions for performance, economic outlook, growth expectations and plans for investment. As a single-figure snapshot of small business confidence, the current index score would more »

Canadian Business Owners' Optimism Drops Slightly From Six Months Ago

April 13, 2014 4:29 pm

According to the semi-annual BMO Small Business Confidence Report released April 10, Canadian business owners’ confidence in the state of the economy and their business prospects dropped slightly compared to the latter half of 2013, but is still up from a year ago.

The BMO Small Business Confidence Report is designed to produce an index score that measures the level of confidence small business owners have in the economy and their business prospects based on a series of key indicators, including their predictions for performance, economic outlook, growth expectations and plans for investment. As a single-figure snapshot of small business confidence, the current index score would more »

Toronto Area Poised to Generate 230,000 New Jobs by 2017 Says BMO Report

April 13, 2014 4:28 pm

The next four years will bring 230,000 new jobs to the Greater Toronto Area (GTA), according to a new report released April 7 by BMO Economics.

The report on Canada’s most populous urban region is the latest in a series of economic, housing and business overviews for various cities and regions across Canada that will be published by BMO throughout this year.

“Strong demographics and a diverse labor market continue to support Toronto’s economy, which is poised to gain some momentum in the coming years,” said Robert Kavcic, senior economist, BMO Capital Markets. “While the housing market is expected to cool, these fundamentals more »

Forty-Five Percent of Highway Contractors Had Vehicles Crash Into Their Construction Work Zones During Past Year, New Study Finds

April 13, 2014 4:27 pm

Vehicle Drivers and Passengers More Likely to Be Killed or Injured During a Work Zone Crash Than Construction Workers, Officials Urge Motorists to Slow Down, Stay Alert in Highway Work Zones

Forty-five percent of highway contractors had motor vehicles crash into their construction work zones during the past year, according to the results of a new highway work zone study conducted by the Associated General Contractors of America. Association officials added that the study found work zone crashes are more likely to kill vehicle operators and passengers than construction workers.

“There is little margin for error when you work within a few inches more »

Construction Employment Increased in 175 Out Of 339 Metro Areas Between February 2013 and 2014

April 13, 2014 4:26 pm

Houston-Sugar Land-Baytown, Texas and Monroe, Mich. Top Growth List; Gary, Ind. Again Experienced the Largest Percentage and Actual Declines for the Year

Construction employment expanded in 175 metro areas, declined in 106 and was stagnant in 58 between February 2013 and February 2014, according to a new analysis of federal employment data released April 9,  by the Associated General Contractors of America. Association officials noted, however, that despite the gains, construction employment remained below peak levels in all but 19 metro areas.

“It is encouraging that contractors added workers in so many locations despite severe weather that delayed some project starts,” said Ken more »

AED|EDA Dealer Marketing Report Reveals CE Dealers’ Most Effective Tactics

April 10, 2014 4:33 pm

How has the Internet influenced the way construction equipment dealers market their products and services? What marketing tactics have they found to be most effective? Equipment Data Associates (EDA) and Associated Equipment Distributors (AED) joined forces on a comprehensive survey investigating construction equipment dealer marketing practices. The results are published in the AED | EDA Dealer Marketing Report: 2014 Benchmarks and Trends in the Construction Industry, released on April 10 , and highlighted in a feature article in the April issue of Construction Equipment Distribution magazine (CED), published by AED.

“Dealers are questioning where they should spend their marketing budget. This report documents what they’ve tried more »

AED|EDA Dealer Marketing Report Reveals CE Dealers’ Most Effective Tactics

April 10, 2014 4:33 pm

How has the Internet influenced the way construction equipment dealers market their products and services? What marketing tactics have they found to be most effective? Equipment Data Associates (EDA) and Associated Equipment Distributors (AED) joined forces on a comprehensive survey investigating construction equipment dealer marketing practices. The results are published in the AED | EDA Dealer Marketing Report: 2014 Benchmarks and Trends in the Construction Industry, released on April 10 , and highlighted in a feature article in the April issue of Construction Equipment Distribution magazine (CED), published by AED.

“Dealers are questioning where they should spend their marketing budget. This report documents what they’ve tried more »

Link-Belt Excavators Now Equipped with RemoteCARE Telematics System

April 7, 2014 4:38 pm

All Link-Belt Excavators sold after April 1, 2014, will be equipped with RemoteCARE, an equipment-based,
user-friendly management tool that combines telematics with GPS technology according to LBX Company LLC.

According to the company, RemoteCARE provides timely and reliable machine utilization and operational information, as well as 24-hour surveillance and geo-fencing capabilities. The system enables remote monitoring and tracking of machine location, operational performance, working status and periodic maintenance requirements. Operational data can be downloaded on a daily, weekly, monthly or yearly schedule to help users better manage their job requirements and asset investments.

RemoteCARE tracks and records both routine and major service intervals for machines and transmits that data to more »

Lafarge and Holcim to Merge

April 7, 2014 4:37 pm

Holcim and Lafarge announced their intention to combine the two companies through a merger, unanimously approved by their respective Board of Directors and fully supported by the core shareholders of both companies.

This new global company with European roots would deliver compelling benefits for all stakeholders. LafargeHolcim would be in the best position to contribute to addressing the challenges of urbanization: affordable housing, urban sprawl and transport. The new group would increase its offer to customers through innovation delivered on an expanded scale, best in class R&D and a combined portfolio of solutions and products. Both companies have pioneered sustainability and climate more »

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