AED News

Vacuworx Honored with Governor's Award for Excellence in Exporting

April 13, 2014 4:32 pm

Vacuworx, a manufacturer and distributor of vacuum-lifting technology and material-handling equipment, has received the 2014 Governor’s Award for Excellence in Exporting. Vacuworx President Bill Solomon accepted the award, presented April 10 by Oklahoma’s Secretary of State Chris Benge on behalf of Governor Mary Fallin during the 31st Annual Oklahoma World Trade Conference at the Double Tree by Hilton Hotel Tulsa at Warren Place.

The export award was created to recognize the achievements of small- to medium-sized companies that have successfully entered the worldwide marketplace. Tulsa-based Vacuworx was nominated based on its commitment to investing in logistical, environmental and cultural resources and meeting more »

Vacuworx Honored with Governor’s Award for Excellence in Exporting

April 13, 2014 4:32 pm

Vacuworx, a manufacturer and distributor of vacuum-lifting technology and material-handling equipment, has received the 2014 Governor’s Award for Excellence in Exporting. Vacuworx President Bill Solomon accepted the award, presented April 10 by Oklahoma’s Secretary of State Chris Benge on behalf of Governor Mary Fallin during the 31st Annual Oklahoma World Trade Conference at the Double Tree by Hilton Hotel Tulsa at Warren Place.

The export award was created to recognize the achievements of small- to medium-sized companies that have successfully entered the worldwide marketplace. Tulsa-based Vacuworx was nominated based on its commitment to investing in logistical, environmental and cultural resources and meeting more »

More than CA$40 Million of Equipment Sold at Ritchie Bros. Auction in Grande Prairie, AB

April 13, 2014 4:31 pm

Ritchie Bros. Auctioneers sold more than CA$40 million (US$37+ million) of equipment items and trucks at an unreserved public auction in Grande Prairie, AB, on April 9 – 10, 2014. More than 2,350 trucks and equipment items were sold in the auction—with each and every item being sold to the highest bidder, regardless of price— without minimum bids or reserve prices. Bids in the auction were made in person at the auction site, online at www.rbauction.com and by proxy.

“It was a fantastic sale to kick-off the auction season in Grande Prairie and a great effort from our entire team,”
said Blair Gogowich, regional sales more »

Ritchie Bros. Prepares for Its Largest Canadian Auction of 2014

April 13, 2014 4:30 pm

Ritchie Bros. Auctioneers will conduct its largest Canadian auction of 2014 at its permanent auction site in Edmonton, AB, on April 23 – 25, 2014. More than 5,350 equipment items and trucks are already listed to be sold in the unreserved public auction—the most of any Ritchie Bros. auction in Canada so far this year—with many more items expecting to be added before auction day. General equipment highlights include: 170 compactors, 150+ excavators, 130+ crawler tractors, 80+ articulated dump trucks, 60+ loaders, 60+ skid steer loaders, 45+ agricultural tractors, 75+ boom lifts, 35+ scissor lifts, 120+ truck tractors, 125+ recreational items more »

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 »

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