AED News

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 »

Volvo Recognized for Leadership in Energy Efficiency

April 6, 2014 4:39 pm

Building on President Obama’s Better Buildings Initiative and the Administration’s broader efforts to double energy productivity by 2030, the Department of Energy recognized Volvo Group North America on April 1, for its leadership in energy efficiency at the New River Valley assembly plant near Roanoke, Va. As a Better Buildings, Better Plants partner, the Volvo Group has already achieved 16 percent savings across its U.S. plants and continues working toward its goal of becoming 25 percent more energy efficient within 10 years.

“Partners in the Better Buildings, Better Plants program, such as Volvo, are committing to real change – breaking through barriers more »

United Rentals Completes Acquisition of National Pump

April 6, 2014 4:39 pm

United Rentals, Inc. announced April 1, that it has completed its previously announced acquisition of National Pump for a combined asset purchase price of approximately $780 million.

The purchase price was comprised of approximately $765 million in cash, funded through newly issued unsecured debt, and approximately $15 million in stock. The transaction structure also provides for additional cash consideration based on the achievement of certain financial targets. The stock consideration has been granted as awards to certain new employees in the form of unregistered restricted shares. The total number of unregistered restricted shares of the company’s common stock was 153,619.

The acquisition makes United more »

Atlas Copco Listed Among World’s Most Ethical Companies by Ethisphere Institute for Second Consecutive Year

April 5, 2014 4:47 pm

Atlas Copco was named one of the World’s Most Ethical Companies by the Ethisphere Institute for the second consecutive year. The prestigious ethical ranking, presented at the Global Ethics Summit in New York, recognizes companies that demonstrate leadership in ethics, corporate responsibility, sustainability and governance.

“Atlas Copco emphasizes a value-based culture that prioritizes long-term, ethical and sustainable business development, not only because it is the right thing to do, but because it also makes good business sense,” said Jim Levitt, president, Atlas Copco North America LLC. “We are honored to be recognized by the Ethisphere Institute for our dedication to ethical practices.”

Ethical more »

‘Transportation Moves Wisconsin’ Events in La Crosse and Madison

April 5, 2014 4:46 pm

Town hall meetings April 8 and 9 will focus on transportation funding needs.

“Transportation Moves Wisconsin” is the theme of a new initiative of the Wisconsin Department of Transportation (WisDOT). The goal is to get feedback from people around the state about transportation needs and how the state should finance those needs into the future.

“Transportation Moves Wisconsin is aimed at giving more visibility to the state’s multimodal transportation system and to engage people around the state in talking about how it impacts their lives,” said WisDOT Secretary Mark Gottlieb. “The feedback we receive will be important in the development of the next more »

'Transportation Moves Wisconsin' Events in La Crosse and Madison

April 5, 2014 4:46 pm

Town hall meetings April 8 and 9 will focus on transportation funding needs.

“Transportation Moves Wisconsin” is the theme of a new initiative of the Wisconsin Department of Transportation (WisDOT). The goal is to get feedback from people around the state about transportation needs and how the state should finance those needs into the future.

“Transportation Moves Wisconsin is aimed at giving more visibility to the state’s multimodal transportation system and to engage people around the state in talking about how it impacts their lives,” said WisDOT Secretary Mark Gottlieb. “The feedback we receive will be important in the development of the next more »

Manufacturing Expands in March for the 10th Consecutive Month

April 5, 2014 4:45 pm

Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, said the nation’s supply executives in the latest Manufacturing ISM Report On Business.

The report was issued April 1 by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. “The March PMI registered 53.7 percent, an increase of 0.5 percentage point from February’s reading of 53.2 percent, indicating expansion in manufacturing for the 10th consecutive month. The New Orders Index registered 55.1 percent, an increase of 0.6 percentage point from February’s more »

February Construction Spending Inches Higher, But Public Spending Slips

April 5, 2014 4:44 pm

Private Sector Appears Poised to Increase Construction Activity in 2014 But Highway and Transit Outlays May Plunge Unless Trust Fund is Renewed This Summer, Association Officials Warn

Total construction spending in February edged up from January despite adverse weather in much of the nation, as private residential and nonresidential components posted solid growth compared with early 2013, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials noted that the construction spending figures would have been stronger if not for declines in public sector construction and infrastructure investments.

“Overall construction spending in the first two months more »

Contractor Jobs Hit Highest Level Since June 2009

April 5, 2014 4:43 pm

Residential and Nonresidential Employment Both Increase but Ongoing Exodus of Experienced Workers Raises Urgency of Strengthening Public Measures to Attract and Train Workers, Association Officials Warn

Construction employers added 19,000 workers to payrolls in March, bringing industry employment to the highest level since June 2009, while the industry’s unemployment rate dropped to the lowest March level in seven years, according to an analysis of new government data by the Associated General Contractors of America. Association officials warned that the pool of available workers is declining rapidly, raising the prospects for significant labor shortages if demand continues to expand.

“The rate of construction hiring more »

AGCO API Integration Available through Charter Software’s ASPEN Dealership System

March 31, 2014 4:47 pm

AGCO dealers using Charter Software’s popular ASPEN dealership management system can now access the new AGCO electronic transactions using the ASPEN AGCO Communications Interface. The latest enhancement to the program includes Phase I of AGCO Parts Integration (API) a new, voluntary AGCO dealer program with multiple benefits.

Currently, the API integration provides participating dealers with an automated process for submitting parts data from ASPEN to AGCO’s D2D Exchange, a program that makes parts inventory visible between AGCO dealers to assist them with selling parts. The second phase the API integration with ASPEN will allow dealers to submit data to AGCO for analysis to more »

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