AED News

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 »

HOLT CAT Executive Leadership Additions Announced

April 7, 2014 4:36 pm

HOLT CAT, the Caterpillar equipment and engine dealer for South, Central, North and North East Texas, recently named Corinna Holt Richter as vice president, Machine Division Product Support Sales and Peter John Holt as vice president, Power Systems Division, Commercial Engine Sales.

In her new role, Corinna Holt Richter will lead a planned expansion of the company’s product support sales group to significantly drive sales in the parts and services division for continued market share growth. Richter joined HOLT in 2011 and has spent the last two years as General Parts Manager in the organization’s Machine Division. She earned a Bachelor of more »

Latest NAHB Index Reading Shows Recovery Continues to Spread

April 7, 2014 4:35 pm

Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released April 7. This represents a net gain of 11 metros year over year.

The index’s nationwide score ticked up to .88 from a March reading of .87. This means that based on current permit, price and employment data, the nationwide average is running at 88 percent of normal economic and housing activity. Meanwhile, 28 percent of metro areas saw their score rise this month and 83 percent have shown an improvement over the past year.

“I more »

Distributors Head to the Hill to Promote Equipment Policy Priorities

April 7, 2014 4:34 pm

Scores of equipment distributors from across the country stormed Capitol Hill on April 2 and 3 for the AED/NAEDA 2014 Washington Fly-In. The annual meeting, which has become the equipment industry’s premier public policy event, is an important opportunity for members to gather political intelligence, urge congressional action on the association’s legislative priorities, and network with leading industry executives.
AED’s President Brian McGuire kicked off the Fly-In by encouraging attendees to make their engagement on the Hill part of a larger collaborative effort that will continue back home in their districts. Through site visits, educational tours, and local engagement, the relationships started in more »

Tax Extenders Moving with Bonus Depreciation, Increased Expensing

April 7, 2014 4:34 pm

On April 3, the Senate Finance Committee approved the Expiring Provisions Improvement Reform & Efficiency Act (EXPIRE Act) with strong bipartisan support.
The legislation, known inside the beltway as “tax extenders,” continues dozens of tax provisions that expired at the end of 2013, including important capital investment incentives such as bonus depreciation and increased Sec. 179 expensing levels.
Specifically, the bill includes a two-year extension of 50 percent bonus depreciation for qualified property purchased and placed in service before Jan. 1, 2016.  It also makes a conforming change to the percentage of completion rules for certain long term contracts.
Under current law, beginning in more »

CNH Industrial Chooses Leica Geosystems as Global Strategic Partner for its Construction Equipment Business

April 6, 2014 4:42 pm

CNH Industrial announced a new strategic partnership with Leica Geosystems, a provider of design, measurement and visualization technologies, specializing in machine control solutions for construction equipment.

The CNH Industrial – Leica Geosystems strategic long-term partnership will involve several collaboration areas to continuously drive CNH Industrial’s leadership in the construction business. Under this agreement, Leica Geosystems will initially provide CNH Industrial’s global brands Case and New Holland Construction with machine control solutions for Excavators, Dozers and Graders for both factory fit and aftermarket applications. This will eventually expand to CNH Industrial’s entire construction product line-up. In addition, the engineering departments for both companies more »

IronPlanet is Apparent High Bidder for U.S. Department of Defense Rolling Stock Surplus Contract

April 6, 2014 4:41 pm

IronPlanet announced on April 4, 2014, that it is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Bids for the Surplus Contract were based on a percentage of the sales price of the items, which IronPlanet estimates at $50-70 million of rolling stock annually. IronPlanet’s high bid was equal to 75.29 percent revenue share to the DLA. The Surplus Contract has a base term of two years with four one-year renewal options.

“We’re very excited more »

Wacker Neuson Remains on Expansion Path in 2014

April 6, 2014 4:40 pm

In spite of difficult market conditions, Munich-based light and compact construction equipment manufacturer Wacker Neuson managed to further increase group revenue and profitability in 2013. Having reached its target for 2013, the company now aims to remain on this growth path through 2014.

EUR 1.16 billion in revenue 
In keeping with its growth strategy, the group focused on increasing market penetration of light and compact equipment in its core European and U.S. markets, as well as actively developing specific new markets. Group revenue rose 6 percent to EUR 1,159.5 million (2012: EUR 1,091.7 million). These figures were dampened by currency fluctuations. Adjusted to more »

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