AED News

Access Award Winners Announced in Windsor; 2015 Event to be Held in Washington, D.C.

April 21, 2014 4:22 pm

More than 470 people from 28 countries attended the International Awards for Powered Access on April 3, in Windsor, UK, where 14 winners were recognized for best practices, excellence and innovation in the industry.  
The IAPA awards are jointly organized by Access International and the International Powered Access Federation (IPAF).
The IAPAs took place on the same day as the IPAF Summit, where the audience of more than 200 was kept engaged through the panel of top-class speakers who delivered excellent presentations and scope for discussion. 
During his closing speech, Tim Whiteman, IPAF CEO, revealed that the next IPAF Summit and IAPAs will be held on more »

Atlas Copco Announces Next Phase of Houston Service Industries Acquisition

April 21, 2014 4:21 pm

Atlas Copco has announced plans to fully integrate the Houston Service Industries (HSi) operations and brand into Atlas Copco by early 2015. As part of the integration process, in December of this year HSi operations will relocate from the facility at 7901 Hansen Road, Houston, to the Atlas Copco facility at 15045 Lee Road, Houston.

“We remain fully committed to the products and industries served by HSi and the relocation and brand changes are the next steps in the integration plan with Atlas Copco,” said Sebastien Bidault, general manager, Houston Service Industries. “This will allow us to further expand our production capacity, more »

BMO 2014 Housing Confidence Report: Optimism Varies Across Canada Over the Next Five Years

April 21, 2014 4:20 pm

According to the 2014 BMO Housing Confidence Report released April 15, 44 percent of homeowners intend to buy a property in the next five years. This represents a slight drop from 2013, but still signals a high level of confidence in Canada’s housing market –particularly among those under 30 years of age.

However, results vary widely in Canada’s major city centers:

  • Intent to buy has surged in Montreal, with 63 percent planning to purchase a property in the next five years – up 13 points from last year
  • Half of those in the Greater Toronto Area (51 percent) plan to buy in the next more »

Fixed Mortgage Rates at Six Week Low

April 21, 2014 4:19 pm

Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) April 17, showing average fixed mortgage rates easing further for the second consecutive week helping to increase home buyer affordability at the onset of the spring home buying season.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.27 percent with an average 0.7 point for the week ending April 17, 2014, down from last week when it averaged 4.34 percent. A year ago at this time, the 30-year FRM averaged 3.41 percent.
  • 15-year FRM this week averaged 3.33 percent with an average 0.6 point, down from last week when it averaged 3.38 percent. A year ago at this time, more »

CNH CEO to Take on Added Role of Brand President

April 21, 2014 4:18 pm

CNH Industrial N.V. announced that Chief Executive Officer Richard Tobin will assume added responsibility as Brand President – Case Construction Equipment and New Holland Construction Equipment.

About CNH

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Group is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus more »

March Construction Employment Increased in 38 States from a Year Ago

April 21, 2014 4:17 pm

Florida Scores the Biggest Percentage and Total 12-Month Gains, West Virginia and New Jersey Have Most Severe Losses; Ohio and North Dakota Lead Monthly Gainers, While Texas and New Mexico Shed the Most Jobs

Construction firms added jobs in 38 states over the past 12 months, although job gains leveled off between February and March, according to a recent analysis  by the Associated General Contractors of America of Labor Department data. Association officials said the ongoing year-over-year pickup points to the urgency of revitalizing and initiating programs to encourage workers and graduating students to get construction careers.

“The widespread gains in employment from more »

Equipment Leasing and Finance Industry Confidence at Two-Year High for Second Consecutive Month

April 21, 2014 4:16 pm

The Equipment Leasing & Finance Foundation (the Foundation) released the April 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827 billion equipment finance sector. Overall, confidence in the equipment finance market is 65.1, remaining at the highest index level in two years for the second consecutive month.  

When asked about the outlook for the future, MCI survey respondent Thomas Jaschik, president, BB&T Equipment Finance, said, “The first quarter of 2014 had positive results with more »

US$46+ Million in Heavy Equipment and Trucks Sold at Ritchie Bros. Houston, Texas Action

April 21, 2014 4:15 pm

Ritchie Bros. Auctioneers sold more than US$46 million of heavy equipment and trucks during a two-day, unreserved public auction at the company’s permanent auction site in Houston, Texas, on April 16 – 17, 2014. More than 3,800 registered bidders competed for 3,700+ heavy equipment items and trucks, including 80+ hydraulic excavators, 50+ cranes, a large selection of oilfield transportation equipment and more. The auction saw numerous site records broken: most sellers at a Houston auction (more than 500) and the largest number of online bidders (2,250+) and online buyers (550+) at a Houston auction. Every item was sold to the highest more »

United Rentals Announces Rental Revenue Increase of 9.7 Percent Over Last Year in First Quarter

April 21, 2014 4:15 pm

United Rentals, Inc. recently announced financial results for the first quarter 2014. Total revenue was $1.178 billion and rental revenue was $1.005 billion, compared with $1.100 billion and $916 million, respectively, for the same period last year. On a GAAP basis, the company reported first quarter net income of $60 million, or $0.56 per diluted share, compared with $21 million, or $0.19 per diluted share, for the same period last year.

Adjusted EPS for the quarter was $0.90 per diluted share, compared with $0.58 per diluted share for the same period last year. Adjusted EBITDA was $519 million and adjusted EBITDA margin more »

Kubota Tractor Corporation Named ‘Dealer’s Choice’ for Second Consecutive Year

April 21, 2014 4:14 pm

Kubota Tractor Corp. has received the No. 1 rating and “Dealer’s Choice Award” among tractor manufacturers, according to the North American Equipment Dealers Association (NAEDA) 2014 Dealer-Manufacturer Relations Survey.

“This award is positive reinforcement that we are delivering on the Kubota promise to provide a rewarding experience, not only for our customers, but also for our 1,100 dealerships across America,” said Greg Embury, the company’s senior vice president of marketing and dealer development. “We know that we’re only as successful as our dealers, so we make it a top priority to support our dealers in running a successful business.”

Nearly 1,400 equipment dealers more »

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