AED News

Liebherr Mining Equipment Newport News Co. Awarded the 2014 Award for Excellence by the Balanced Scorecard Institute

April 14, 2014 4:24 pm

For their strong commitment to leadership, strategic management, performance analysis and continuous improvement, Liebherr Mining Equipment Newport News Co. has been awarded the 2014 Award for Excellence by the Balanced Scorecard Institute (BSI). The entreprise has developed and deployed a comprehensive strategic planning and management system in order to affect company-wide transformation and change.

As described by BSI, the award is based on the company’s executive leadership, strategy development and communication clarity, organization alignment to a shared vision of the future, strategic resource allocation, performance reporting and communication, breakthrough results and sustainability. BSI CEO Howard Rohm recognized, “the exemplary passion and involvement more »

Secretary Foxx Announces National Bus Tour to Highlight Importance of Transportation Investment

April 14, 2014 4:23 pm

‘Invest in America, Commit to the Future’ Bus Tour Will Highlight Transportation Needs Across the Country

U.S. Transportation Secretary Anthony Foxx announced April 10 that he will travel across the country beginning Monday, April 14 to showcase the importance of transportation investment at a time when the nation’s transportation bill is set to expire and the Highway Trust Fund is rapidly running out of funds. The Invest in America, Commit to the Future bus tour will visit communities that have created jobs and new opportunities by investing in transportation, as well as communities with transportation projects that are waiting on needed funding. As he travels 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 »

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 »

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