TRNSACT announced a collaboration with Hyundai Construction Equipment Americas to launch a state-of-the-art Hyundai Dealer Finance Portal. This customized software, powered by TRNSACT, is designed to transform and simplify the finance operations for...
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August 26, 2024, 07:11 AM
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According to Sandhills Global’s newest market reports, used heavy-duty truck, semitrailer, and construction machinery in Sandhills marketplaces are following the same trends observed in previous months. Inventory levels in these markets have...
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July 12, 2023, 07:00 AM
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Inventory levels showed another month of increases across Sandhills Global marketplaces for used trucks, trailers, construction equipment, and farm machinery. And in what has become a recurring trend, asking and auction values dropped year over year...
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May 08, 2023, 07:15 AM
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Downward value trends continued in March across Sandhills Global marketplaces. Used truck and trailer values have been in almost non-stop decline for a year, while used construction equipment values remained in a cooling pattern that began in Q3 2022...
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April 10, 2023, 07:15 AM
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Recent Sandhills Global market reports identified trends in used medium-duty construction equipment in Sandhills marketplaces, including consecutive months of inventory increases, that signaled potential value changes. In July, medium-duty...
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August 05, 2022, 07:12 AM
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SmartEquip, a Ritchie Bros. company, welcomed Europe’s largest equipment rental company, Loxam, to its global equipment service and parts procurement network. In addition to supporting Loxam locations across France, where the solution is scheduled to...
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June 10, 2022, 07:12 AM
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Mitsubishi HC Capital Canada announced it has signed an agreement with a major construction equipment manufacturer to provide inventory financing for heavy excavators to more than 10 distributors operating in all Canadian provinces, and 40...
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May 24, 2022, 07:20 AM
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CIT, a division of First Citizens Bank, announced the Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm.The 10 items of heavy...
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January 21, 2022, 07:15 AM
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The declining inventory levels seen throughout September continued unabated in major equipment categories during October, and a new Sandhills Global Market Report indicates used equipment values are responding with steep value increases as supply...
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November 11, 2021, 07:15 AM
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Chadwick-BaRoss Inc. (CBR) announced it completed the acquisition of Kaz Equipment of South Windsor, Connecticut. The deal will result in the expansion of CBR's operations in the state of Connecticut, and provide CBR with its first location in the...
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March 05, 2021, 07:10 AM
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The construction equipment rental market size is set to surpass $155 billion by 2026, according to a new research report by Global Market Insights, Inc. The U.S. construction equipment rental market size is anticipated to reach over more than $50...
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February 22, 2021, 07:00 AM
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For the eighth consecutive year, construction industry executives say they feel optimistic about the year ahead for their business sector, according to the 43rd Wells Fargo Construction Industry Forecast released. The 2019 forecast reveals sustained...
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February 27, 2019, 07:30 AM
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Construction industry executives are more optimistic about nonresidential construction activity than they have been since the 21st Century, according to a nationwide survey of industry contractors and equipment distributors released today from Wells...
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March 01, 2018, 07:25 AM
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EquipmentWatch announced the nominees for the first annual Lowest Cost of Ownership Awards. The Lowest Cost of Ownership Awards are the industry’s only accolade of its kind, based on empirical data regarding the long-term cost of heavy equipment....
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October 11, 2017, 07:02 AM
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Data is changing the way the world makes decisions about heavy equipment. The companies that are able to turn data into insights are winning. EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, launched...
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August 30, 2017, 07:04 AM
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Modern Equipment & Supply announced the establishment of a rental fleet of Hyundai Wheel Loaders and Excavators to serve its customers throughout Eastern Pennsylvania and New Jersey. As a full line Hyundai dealer Modern will be able to provide...
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June 09, 2017, 07:02 AM
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Ritchie Bros. and Caterpillar launched a strategic alliance, originally announced in 2016, following the Ritchie Bros. acquisition of IronPlanet, a leading online marketplace for heavy equipment and other durable assets. Under the alliance, Ritchie...
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June 05, 2017, 07:03 AM
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Deere & Company has signed a definitive agreement to acquire the Wirtgen Group, a privately-held international company that is the leading manufacturer worldwide of road construction equipment. Headquartered in Germany, the Wirtgen Group has five...
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June 01, 2017, 07:11 AM
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EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, officially announced the EquipmentWatch API. The EquipmentWatch API enables integration of critical equipment data attributes - including cost, rental...
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March 23, 2017, 07:10 AM
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Technavio research analysts forecast the global construction machinery market to grow at a CAGR of close to 12% during the forecast period, according to their latest report. The study covers the present scenario and growth prospects of the global...
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December 27, 2016, 07:00 AM
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EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, has announced the finalists for the 2nd annual Highest Retained Value Awards. The awards recognize manufacturers in 28 heavy equipment categories –...
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December 13, 2016, 07:06 AM
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IronPlanet® announced record-breaking results from its month-long September to remember auction events. Combining both online and on-site auctions, the company sold 9,890 items for more than $99 million in GMV (Gross Merchandise Volume), during 23...
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October 21, 2016, 07:06 AM
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The construction equipment rental market size is expected to reach US$75.18 billion by 2024; according to a new research report by Global Market Insights, Inc.The practice of leasing instead of purchasing heavy machinery has proven to be beneficial...
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September 27, 2016, 07:07 AM
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Liquidity Services announced the launch of a new marketplace IronDirect® that provides construction equipment buyers a convenient online platform to purchase a large and growing number of value-priced and premium brand products – ranging from...
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September 16, 2016, 07:04 AM
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Ritchie Bros. and Caterpillar Inc. announced that they have entered into a strategic alliance agreement. The strategic alliance is expected to deliver significant benefits to both companies, Caterpillar's independent dealers and their respective...
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August 30, 2016, 07:10 AM
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Total retail sales of 2WD and 4WD tractors and combines continue to track higher than their comparable 2015 levels and 5-year average, with strong under 40HP tractor sales offsetting significant declines in the larger production equipment, according...
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May 31, 2016, 07:05 AM
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CIT Group announced a financing relationship between CIT Equipment Finance, a leading provider of equipment financing solutions in the United States, and LiuGong North America (LiuGong), a global leader in the manufacturing of heavy construction...
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April 06, 2016, 07:16 AM
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Penton's EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has released its 2016 Tier 4 Benchmark Report. Developed in partnership with the Association of Equipment Management Professionals (AEMP)...
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April 05, 2016, 07:24 AM
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Research and Markets announced the addition of the "Construction Equipment Rental Market Analysis By Product (Earthmoving, Material handling, Concrete & Road Construction) And Segment Forecasts To 2022" report to their offering. The construction...
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March 31, 2016, 07:30 AM
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EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has announced the winners of the first Highest Retained Value Awards. The awards recognize manufacturers in 26 different heavy equipment categories...
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March 24, 2016, 07:15 AM
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The construction industry is entering 2016 less optimistic than in 2015, but overall bullish about local, nonresidential construction activity, according to a recent survey of industry contractors and equipment distributors released today from Wells...
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January 20, 2016, 07:05 AM
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Commercial Distribution Finance (CDF), a business of GE Capital announced it has extended its inventory financing program with Branson Tractor, a tractor distribution company, through 2019. The extension of the current agreement will be used to...
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January 14, 2016, 07:40 AM
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CIT Group announced that CIT Equipment Finance has entered into a program agreement with SANY America (SANY), a global manufacturer and seller of construction and material-handling equipment. As the preferred provider of financing for SANY, CIT will...
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December 28, 2015, 07:00 AM
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BigRentz, the world's largest online equipment rental network, announced their partnership and technology integration with Solar Technology, Inc. (SolarTech) a leading manufacturer of telematics fleet management services. This partnership provides...
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November 10, 2015, 07:07 AM
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Ritchie Bros. sold CA$137+ million (US$104+ million) of heavy equipment and trucks at its unreserved public auction in Edmonton, AB this week (October 27 – 29, 2015). Ritchie Bros.' Edmonton site has already surpassed its 2014 sales record, selling...
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October 30, 2015, 07:05 AM
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Penton's EquipmentWatch, the leading heavy equipment data business, has expanded coverage of its valuation product with the addition of 4,000+ agricultural equipment models, supplementing existing coverage of 10,000+ construction and lift equipment...
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September 09, 2015, 07:00 AM
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BigRentz announced their partnership with Kabbage, to provide working capital within minutes through a simple online application. The partnership will now offer instant financing on equipment rentals to the million-plus visitors who visit the...
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September 02, 2015, 07:11 AM
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A newly improved Advertised Rental Rate Product was released today by Penton's EquipmentWatch, the leading provider of data and insights products for the construction, lift truck and ag equipment industries."Through our Rental Partnership Program...
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July 23, 2015, 07:00 AM
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The equipment rental industry stands poised to set an industry record for revenues in 2015 according to the latest updated industry forecast from the American Rental Association (ARA), despite reduced demand for equipment in oil patch drilling sites....
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May 12, 2015, 07:15 AM
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Research and Markets announced the addition of the "North America Construction Vehicles Market Forecast and Opportunities, 2020" report to their offering. According to Research and Markets North America Construction Vehicles Market Forecast &...
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April 08, 2015, 06:43 AM
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Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp announced that it has provided approximately $6 million to Otay Mesa Sales, Inc. for the refinancing of equipment loans. The recent equipment refinancing...
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March 13, 2015, 06:00 AM
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Penton's EquipmentWatch, the world's leader in heavy equipment research, and the leading provider of database information products for the heavy equipment industry, has announced the launch of EquipmentWatch Intelligence. Hosted at...
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February 06, 2015, 06:59 AM
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The September Rouse Value Index for used equipment prices increased to 46.1, up 1.1% from August values. This is 6.5% higher than the prior peak period of 43.3 in April 2007, and 55.4% higher than prior trough period of 29.7 in June 2009. The Rouse...
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November 03, 2014, 07:06 AM
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The August Rouse Value Index™ for used equipment prices decreased to 45.6, down 0.1% from July values. This is 5.4% higher than the prior peak period of 43.3 in April 2007, and 53.7% higher than prior trough period of 29.7 in June 2009. The Rouse...
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October 02, 2014, 06:40 AM
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The global market for construction equipment is expected to reach USD 208.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing number of infrastructure projects on a global scale is expected to be the key driving force...
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August 29, 2014, 07:28 AM
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The June Rouse Value Index for used equipment prices increased to 45.8, up 0.1% from May values. This is 5.7% higher than the prior peak period of 43.3 in April 2007, and 54.3% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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August 01, 2014, 07:03 AM
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IronPlanet announced the launch of allEquip.com, an online, “buy now” marketplace of used construction equipment for sale at competitive prices. “IronPlanet’s allEquip offers online buyers the convenience of a ‘buy now’ marketplace for the...
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June 04, 2014, 06:35 AM
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Construction equipment dealers are optimistic that rental activity will remain strong, according to a survey recently conducted by GE Capital, Equipment Finance. In fact, they estimate that the rental segment of the industry will grow about 12...
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May 23, 2014, 07:00 AM
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United Rentals 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...
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April 21, 2014, 06:50 AM
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IronPlanet, a leading online marketplace for used heavy equipment, announced it will host the industry’s first major auction of 2014 on Jan. 28-31, featuring nearly 2,000 construction and related items for sale online.“IronPlanet is dedicated to...
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January 21, 2014, 06:00 AM
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October OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.1% from September values. For the six months ending October 31st, 2013, average index values are up 1.6%. Seven out of fourteen...
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December 02, 2013, 06:59 AM
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Rental Pulse reported total equipment rental revenue in North America for 2013 is expected to reach $38 billion, according to the latest figures released by the American Rental Association (ARA) from its ARA Rental Market Monitor™ service updated in...
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November 05, 2013, 06:59 AM
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Nations Equipment Finance announced they recently provided two equipment loans totaling $19,000,000. The first was for $12,000,000 for Barge Rigs to a company located in Louisiana. The second was for $7,000,000 for forestry and construction equipment...
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November 01, 2013, 06:27 AM
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The Third Quarter 2013 Construction Executive Survey from Wells Fargo Equipment Finance confirms that the construction industry continues on an upward path. According to the survey, 57.7% of the executives surveyed said activity was “somewhat higher”...
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October 07, 2013, 07:00 AM
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Ritchie Bros. Auctioneers sold close to $54 million of heavy equipment items during a two-day unreserved public auction at the Company’s site in Edmonton, Alberta on Wednesday & Thursday, September 5 & 6, 2012. Almost 5,000 registered bidders...
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September 10, 2012, 07:28 AM
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Ritchie Bros. Auctioneers Incorporated, the world's largest auctioneer of industrial equipment, announces net earnings for the six months ended June 30, 2012 of $49.3 million and adjusted net earnings of $50.5 million. This compares to net earnings...
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August 02, 2012, 07:00 AM
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According to the June 2012 Rouse Rental Report, for the month ending May 31, 2012, the Rouse Value Index of Orderly Liquidation Values (OLV) for used equipment across the fourteen major rental equipment categories did not change compared to April...
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July 02, 2012, 07:00 AM
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Ritchie Bros. Auctioneers sold millions of dollars of heavy equipment and trucks at its unreserved public auctions last week including a CA$50 million (close to US$49 million) auction in Edmonton, AB and a US$41 million auction in Houston, TX, as...
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June 18, 2012, 07:00 AM
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The outlook for the equipment rental industry shows increased optimism as first-quarter performance was better than expected, resulting in a more positive outlook for the full year, according to the latest data released by the American Rental...
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May 14, 2012, 07:30 AM
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Terex Corporation announced income from continuing operations of $20.5 million, for the first quarter of 2012, as compared to income from continuing operations of $5.0 million, for the first quarter of 2011. Excluding the impact of a write down of an...
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April 27, 2012, 07:30 AM
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CNH Global announced financial results for the quarter ended March 31, 2012. For the quarter, net sales increased 22% (25% on a constant currency basis) to $4.6 billion as a result of solid trading conditions for agricultural machinery and...
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April 25, 2012, 06:30 AM
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Construction Equipment Guide reported that more than 1,750 bidders participated online and in person at a recent Ritchie Bros. unreserved public equipment auction held in Atlanta on March 29, 2012. According to the report, the auction attracted...
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April 17, 2012, 07:30 AM
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Ritchie Bros. set multiple records at its first-ever Mexico national auction held in Polotitlan, State of Mexico on March 28 & 29, 2012. The Company has been in business for more than 50 years and has been conducting unreserved heavy equipment...
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April 09, 2012, 06:40 AM
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IronPlanet , a leading online marketplace for used heavy equipment, announced record annual sales in 2011, with gross merchandise volume (GMV) exceeding $568 million, an increase of 15% over 2010. “I am pleased with our 2011 results, closing another...
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March 23, 2012, 08:15 AM
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Neff Rental, one of the largest construction equipment rental companies in the US, announces the availability of “Trends in Owning vs. Renting Construction Equipment”, a white paper written by Andy Agoos. The informative white paper outlines an easy...
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March 15, 2012, 06:30 AM
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Ritchie Bros. Auctioneers sold more than $48 million of equipment items and trucks at a two-day unreserved public auction held in Fort Worth, Texas. Equipment highlights in the auction included three late-model, low-hour Komatsu HD785-7 100-ton rock...
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March 13, 2012, 07:30 AM
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Ritchie Bros. Auctioneers , the world's largest auctioneer of industrial equipment, announced net earnings for the year ended December 31, 2011 of $76.6 million and adjusted net earnings of $73.6 million. This compares to net earnings of $65.7...
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February 28, 2012, 06:30 AM
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The Association of Equipment Manufacturers (AEM) reported U.S. construction equipment exports increased 43% in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations. This follows growth of 28% in 2010...
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February 28, 2012, 06:00 AM
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The Q1 2012 Construction Quarterly published by Wells Fargo Equipment Finance, notes that despite chronically high unemployment and depressed public spending, total construction spending appears to have bottomed and construction executives are...
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February 23, 2012, 08:00 AM
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Ritchie Bros. Auctioneers held the world's largest heavy equipment auction in Orlando, Florida last week (February 13 - 18, 2012) and, in the process, broke multiple Company records. New records were set for gross auction proceeds (US$203 million)...
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February 21, 2012, 08:30 AM
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Terex Corporation announced income from continuing operations of $38.8 million, on net sales of $6,504.6 million for the full year 2011, as compared to a net loss from continuing operations of $215.5 million on net sales of $4,418.2 million for the...
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February 16, 2012, 08:00 AM
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Worldwide net sales and revenues for the first quarter increased 11%, to $6.767 billion, compared with $6.119 billion last year. Net sales of the equipment operations were $6.119 billion for the quarter compared with $5.514 billion a year ago.Net...
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February 16, 2012, 07:30 AM
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Equipment World reported that Ritchie Bros. says it’s hoping to beat their previous 2008 record of $190 million in gross auction proceeds from one auction after reviewing the results of the first two days of a six day auction being held in Orlando...
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February 15, 2012, 08:00 AM
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