Mitsubishi HC Capital America is strengthening its construction division with the addition of James Elwood, Senior VP – Strategic Development. He will be responsible for establishing strategic finance programs for manufacturers and distributors of...
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September 24, 2024, 07:15 AM
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CapitalPlus Supply, a leading material provider for the construction industry, is pleased to announce it has provided $3 million in materials to a prominent Louisiana-based marine contractor.The contractor was awarded a substantial project that...
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September 24, 2024, 06:15 AM
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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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The NFIB Research Center released an industry-specific quarterly Small Business Economic Trends survey highlighting the construction, manufacturing, retail, and services industries.“In general, small business owners are not optimistic about the...
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June 21, 2024, 07:05 AM
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What are the hottest equipment markets of 2024? The 34th annual “What’s Hot/What’s Not: Equipment Market Forecast 2024” from the Equipment Leasing and Finance Association (ELFA) reveals industry perceptions of 15 equipment markets based on a survey...
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March 12, 2024, 07:25 AM
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John Deere announced a strategic partnership with Leica Geosystems, part of Hexagon, to help accelerate the digital transformation of the heavy construction industry. The partnership between John Deere and Leica Geosystems will leverage the strengths...
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February 20, 2024, 07:20 AM
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AP Equipment Financing announced an expansion initiative designed to diversify and nurture its growing portfolio. In 2024, AP is placing a focus on expanding its towing and construction verticals with a concentrated effort on strengthening vendor...
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January 31, 2024, 07:23 AM
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Encina Private Credit served as Administrative Agent and Collateral Agent for a Senior Secured Credit Facility supporting H.I.G. Capital’s acquisition of Penhall Company, North America’s largest provider of specialty concrete services. Marathon Asset...
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January 10, 2024, 07:10 AM
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Mitsubishi HC Capital America is experiencing significant growth in rental financing for dealer-owner and dedicated rental fleets, with year-over-year increases of 150 percent to 550 percent among some of its clients.Availability of new equipment...
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June 28, 2023, 07:10 AM
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Honour Capital announced it has provided $5 million in financing to an Upper Midwest construction company to acquire construction equipment.“Our business has experienced record growth coming out of COVID,” said the construction company’s CEO. “We...
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January 27, 2023, 07:23 AM
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Blake Dupuy has joined Western Equipment Finance as Vice President/National Business Development. In the VP/National Business Development position, Blake will assist in achieving financial growth in the construction industry.Dupuy’s communication...
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November 18, 2022, 07:17 AM
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PEAC Solutions continues to expand its global Construction, Transportation and Industrial (CT&I) business unit in the U.S. The company announced another hire, Warren Story, a seasoned expert in the equipment leasing industry, as Regional Sales...
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September 20, 2022, 07:25 AM
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DLL, a global asset finance company for equipment and technology and the U.S.’ top vendor finance company, announced the expansion of its Construction, Transportation, and Industrial (CT&I) new business development (NBD) team. As a result of this...
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September 16, 2022, 07:23 AM
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National Capital Bank (NCB) announced that Bradley J. Duncan and Sean A. Biehl have joined the Bank’s lending team – Duncan as Senior Vice President, Construction Lending Director and Biehl as Vice President, Commercial Loan Officer. With 29 years...
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June 29, 2022, 07:17 AM
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The NFIB Research Center released an industry-specific Small Business Economic Trends report highlighting the construction, manufacturing, retail and services industries. The overall Optimism Index for small businesses in April was 93.2.“The...
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May 19, 2022, 07:08 AM
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JLG Industries announced the growth of its JLG Financial® retail lending program, now available to an expanded range of equipment buyers, including end-users and contractors, as well as rental houses and equipment distributors, in the United States...
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April 21, 2022, 07:30 AM
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Accelerating its commitment to offer financing for the construction industry, Mitsubishi HC Capital Canada has named Benoit Lefebvre as Senior National Director for Construction. In his new position, Lefebvre will lead the company’s team and efforts...
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April 05, 2022, 07:15 AM
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Industry Leader Brett Davis has joined DCR Technologies to redefine commercial equipment sales, finance and insurance. Davis will be leading DCR’s Construction and Agriculture vertical as division President. Davis joins DCR Technologies from CNH...
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March 15, 2022, 07:25 AM
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What are the hottest equipment markets of 2022? The 32nd annual “What’s Hot/What’s Not: Equipment Market Forecast 2022” from the Equipment Leasing and Finance Association (ELFA) reveals industry perceptions of 15 equipment markets based on a survey...
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February 15, 2022, 07:23 AM
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The NFIB Research Center released the quarterly Small Business Economic Trends industry report, highlighting the construction, manufacturing, retail and services industries.“Small businesses in every industry are facing challenges like the staffing...
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December 13, 2021, 07:10 AM
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Horizon Technology Finance along with lending partner Trinity Capital announced that they provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology company focused on creating environmentally-friendly...
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September 14, 2021, 07:06 AM
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GreatAmerica Financial Services Corporation announced the addition of Tony Fitzgerald as Director of Sales Operations to its Construction Division. Fitzgerald brings extensive experience within the construction equipment industry to the role, most...
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August 10, 2021, 07:20 AM
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First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced the appointment of Tim Cody as Senior Vice President, Managing Director of Construction...
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August 10, 2021, 07:17 AM
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Verdant Commercial Capital, LLC has hired Jennifer Karpinecz as a Vice President, Relationship Manager. She will work with industrial and construction companies in the Eastern United States. With 17 years in equipment finance, Karpinecz brings a...
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July 30, 2021, 07:23 AM
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Ryan LeRoy has joined the Summit Funding Group, Inc. team as a Regional Sales Manager, specializing in construction and material handling. In this role, LeRoy is responsible for originating new business volume in the southeast region through...
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June 25, 2021, 07:22 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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The NFIB Research Center released the latest quarterly Small Business Economic Trends Industry-specific survey. The survey highlights the construction, manufacturing, retail and services industries. NFIB released previous reports in August and May...
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November 23, 2020, 07:20 AM
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Align Business Finance announced a trio of recent deals totaling $25.1 million, including a $17 million capital lease for a heavy construction company in California.In addition, the Align Business Finance provided:
$6.0 million senior secured term...
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November 19, 2020, 07:09 AM
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Utica Leaseco, LLC and Utica Equipment Finance announced the completion of two transactions totaling $3,350,000 during the week of Sept. 1-4.A current Utica Leaseco customer, operating within the agricultural sector, needed funding quickly to...
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September 08, 2020, 07:20 AM
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NFS Leasing, Inc. and Valor Underground recently completed a third equipment finance agreement in as many months. Valor Underground is an underground construction startup founded three months prior to its first agreement with NFS Leasing. After...
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August 12, 2020, 07:13 AM
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EquipmentWatch, the leader in heavy construction equipment research, data and intelligence, released a new report titled "Future-Proofing the Construction Business: Equipment Trends, Insights, and Guidance,” which examines the key trends, challenges...
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July 16, 2020, 07:17 AM
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CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services LLC.Headquartered in Clute, TX...
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June 18, 2020, 07:05 AM
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AuctionTime.com sold more than $105 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks and trailers during the month of December. In the final auction of the month—the largest sale of the year—AuctionTime.com...
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January 02, 2020, 07:15 AM
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Pitney Bowes Inc. announced Wheeler Financial from Pitney Bowes has closed a financing transaction with RJ Smith Companies of Richmond, VA. The site development and highway construction firm is investing the capital in equipment to meet growing...
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October 30, 2019, 07:15 AM
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Utica Leaseco announced the completion of two transactions totaling over $800,000 during the week of September 23-27.
$450,000 secured by machinery and equipment to a current Utica customer, operating within the construction industry. The customer...
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September 30, 2019, 07:10 AM
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Pitney Bowes announced that Wheeler Financial from Pitney Bowes has closed two financing transactions with Eagle Access. The construction services company is investing the capital in high-tech bridge work equipment, which differentiates them in the...
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September 05, 2019, 07:15 AM
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Pitney Bowes announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with Ghilotti Bros. Inc. (GBI) to help it grow the business.GBI is a prominent, 105-year-old construction firm in Northern California that is on its...
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July 18, 2019, 07:23 AM
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Wintrust Commercial Finance (WCF) announced the origination and placement of $46 million in debt financing for one of the largest civil engineering and construction firms in the U.S. WCF holds approximately $22 million of the transaction and...
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April 09, 2019, 07:17 AM
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Summit Funding Group, one of the largest independent equipment lessors in the U.S., has continued its companywide growth initiative through bolstering its Construction and Material Handling division with the addition of two sales managers.In their...
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March 20, 2019, 07:05 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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What are the hottest equipment markets of 2019? A new report from the Equipment Leasing and Finance Association, What’s Hot/What’s Not: Equipment Market Forecast 2019, reveals industry perceptions of 15 equipment markets based on a survey of ELFA...
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February 04, 2019, 07:20 AM
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Verdant Commercial Capital, LLC hired Josh Snider as Vice President, Relationship Manager, to support vendor relationships in the Construction and Industrial verticals. Snider has 14 years of experience in many areas of commercial finance. For the...
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December 13, 2018, 07:25 AM
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People’s Capital and Leasing Corp. announced the addition of its newest financial sales team member, Fran Dibeneditto, Northeast Regional Vice President. Dibeneditto will be responsible for the growth of PCLC’s equipment sales finance business...
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August 16, 2018, 07:22 AM
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Summit Funding Group is bolstering its material handling and construction industry services with the addition of Michael J. Fitzsimmons as General Manager of the firm’s Construction and Material Handling Division.In his new role, industry veteran...
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August 01, 2018, 07:13 AM
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Associated Equipment Distributors (AED) and eight other major construction industry organizations sent separate letters to U.S. Senate leadership and the Trump administration opposing the recently implemented tariffs on steel and aluminum imported...
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June 18, 2018, 08:00 AM
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The foreseeable future appears bright for general contractors working in commercial and residential construction, according to a new study, 2018-2019 Vertical Market Series – Construction, released by the Equipment Leasing & Finance Foundation. The...
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June 14, 2018, 07:25 AM
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Construction Equipment Rental Market is expected to cross $140 billion by 2024, according to a new research report by Global Market Insights, Inc. Increasing residential and commercial construction projects globally are anticipated to drive the...
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April 27, 2018, 07:10 AM
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Heritage Global Inc. announced the launch of its newly formed division Heritage Global Energy and Construction (HGEC). With headquarters in Austin, Texas, HGEC provides asset advisory, auction services and monetization solutions for businesses...
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March 21, 2018, 07:25 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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Rising disposable income, increasing government investments in infrastructure projects, and growing demand for residential construction are all driving hefty growth in the construction equipment manufacturing markets. In a new report, Construction...
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January 04, 2018, 07:00 AM
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Overall construction spending reached a record high in October, although public-sector investments in infrastructure continued to lag earlier levels, according to an analysis of new government data by the Associated General Contractors of America....
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December 04, 2017, 07:28 AM
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Construction costs rose again in August, according to IHS Markit and the Procurement Executives Group (PEG). The headline IHS Markit PEG Engineering and Construction Cost Index registered 54.0, up from 51.3 in July. Both material/equipment and labor...
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September 01, 2017, 06:40 AM
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ENGS Commercial Finance announced that Brody Duncan has joined the company as a Business Development Manager in its Construction Finance Division covering the Midwest. In this role, Duncan will be working with Manufacturers, Dealers, and end user...
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August 29, 2017, 07:10 AM
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The Home Depot announced a definitive agreement to purchase Compact Power Equipment, Inc., a leading national provider of equipment rental and maintenance services for $265 million in cash. The transaction is expected to close by the end of the...
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July 07, 2017, 07:33 AM
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Maxim Crane Works, L.P. (“Maxim”) and Essex Rental Corp. (“Essex”) jointly announced that the companies have entered into a stock purchase agreement pursuant to which Maxim will acquire Coast Crane Company (“Coast”), an indirect wholly-owned...
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April 21, 2017, 07:10 AM
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ENGS Commercial Finance announced that Christopher Kelly has joined the company as the Director of Sales of its newly launched Construction Division. In this role, Mr. Kelly will be responsible to develop ENGS into a nationally recognized market...
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April 04, 2017, 07:19 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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Construction industry executives have entered 2017 with increased optimism for nonresidential construction activity, according to a recent survey of industry contractors and equipment distributors released today from Wells Fargo Equipment Finance. ...
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March 07, 2017, 07:18 AM
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EquipmentWatch has announced its 2nd annual list of Highest Retained Value Award winners – the industry’s only award based on residual values of heavy equipment. Top honors in each category were given to the model/series projected to retain the...
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February 22, 2017, 07:10 AM
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Caterpillar announced fourth-quarter and full-year results for 2016. Sales and revenues in the fourth quarter of 2016 were $9.6 billion, down from $11.0 billion in the fourth quarter of 2015. Fourth-quarter 2016 was a loss of $2.00 per share...
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January 27, 2017, 07:05 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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U.S. construction companies are not embracing technological advancements, such as drone aircrafts, robotics, RFID equipment and materials tracking, and data analytics, according to KPMG International’s Building a technology advantage – Global...
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September 15, 2016, 07:10 AM
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Wells Fargo announced the extension of its vendor financing relationship with dozens of Doosan businesses – including Bobcat Company, the compact machinery maker and distributor – through December 2020.Doosan’s recent agreement with Wells Fargo...
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September 13, 2016, 07:20 AM
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Penton’s EquipmentWatch, the world's leader in data, insights and workflow tools for the heavy equipment industry, has relaunched their SaaS platform. It includes broad equipment coverage, across construction, lift/access, agricultural and...
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August 01, 2016, 07:10 AM
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Research and Markets has announced the addition of the "Global Construction Equipment Finance Market 2016-2020" report to their offering. The global construction equipment finance market to grow at a CAGR of 9.9% during the period 2016-2020. Global...
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May 24, 2016, 07:20 AM
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Wintrust Commercial Finance (WCF) recently provided $18.5 million in capital lease financing on material handling and construction assets for a major provider of outsourced services to the steel industry. Proceeds from the financing were used to...
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April 07, 2016, 07:19 AM
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The global construction equipment rental market report analyst said rapid growth of the construction industry is a significant factor that spurs the prospects for growth in this market during the forecast period 2015 - 2019. The recent increase in...
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January 08, 2016, 07:05 AM
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Airplaco and Gunite Supply, worldwide manufacturers of specialty construction equipment, are proud to announce their partnership with Cincinnati based Commercial Industrial Finance (CIF), a subsidiary of CBank. “CIF has a tremendous amount of...
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September 01, 2015, 07:06 AM
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Construction spending in June recorded the highest year-over-year growth rate since 2006, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that those spending gains could be at risk...
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August 06, 2015, 07:15 AM
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On April 1, 2015, JCB Finance began partnering with Bank of the West as a branded virtual joint venture (VJV) captive finance company. With this agreement Bank of the West will handle all retail and leasing transactions for JCB’s U.S. based...
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May 05, 2015, 06:55 AM
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Construction spending slipped in March from upwardly revised February totals but increased modestly from a year earlier, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that those...
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May 04, 2015, 07:04 AM
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Patriot Equipment Finance LLC (PEF) has provided a $2 million lease solution for a Toronto, Canada based construction company. The transaction consisted of Caterpillar equipment. The client turned to PEF after thoroughly reviewing and consulting with...
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April 16, 2015, 07:17 AM
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CIT Group announced that CIT Capital Equipment Finance served as Lead Agent in a $76 million senior secured credit facility to Construction Partners, Inc., a leading infrastructure and road construction company in the Southern United States....
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January 21, 2015, 06:00 AM
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Activity in the construction industry continues its multi-year improvement trend with a notable change in 2014 compared to 2013, according to the latest Construction Executive Survey from Wells Fargo Equipment Finance. A much larger percentage...
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October 02, 2014, 06:55 AM
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According to the latest quarterly analysis of private-company financial statements by Sageworks, U.S. businesses are growing sales and expanding profit margins at a healthy and consistent pace over the last year. Strength in construction has...
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June 26, 2014, 06:45 AM
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The fastest-growing industries in the U.S. over the past 12 months have been dominated by fields tied to construction, according to Sageworks. Twelve of the top 20 fastest-growing industries of the last 12 months are linked to construction, according...
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May 12, 2014, 07:00 AM
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A slowdown in inventory accumulation and adverse weather limited first-quarter real gross domestic product (GDP) growth in the United States this year, but total equipment rental revenue growth in North America continued to more than triple the...
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May 05, 2014, 06:59 AM
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According to analysts with Great American Group, a leading provider of asset disposition, valuation and appraisal services, the building materials industry experienced a trying first quarter due to harsh weather conditions, particularly in the...
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May 02, 2014, 06:18 AM
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Sageworks, a financial information company, recently released data showing that privately held residential construction companies entered this year with stronger financial fundamentals than in recent years. Private residential construction companies...
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April 04, 2014, 07:00 AM
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Economic activity in the non-manufacturing sector grew in March for the 50th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The report was issued today by Anthony Nieves...
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April 04, 2014, 06:55 AM
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Ironwood Finance, providers of unsecured, short-term capital financing for small businesses, announced its new sale-leaseback financing program. The program allows small business owners to sell assets and then immediately lease them back, unlocking...
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March 10, 2014, 06:47 AM
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Industry executives expect higher levels of non-residential construction, equipment purchases and rentals in 2014 Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2014...
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February 26, 2014, 07:05 AM
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GE Capital, Equipment Finance announced that it is expanding its financing program for dealers to purchase construction equipment for use in their rental fleets. About half of U.S. dealers offer rentals in addition to sales — a figure that’s expected...
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January 28, 2014, 07:00 AM
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Total construction spending increased between October and November and for the year amid growing private-sector demand, according to an analysis of Census Bureau data by the Associated General Contractors of America. Association officials noted...
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January 20, 2014, 06:50 AM
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According to GE Capital’s 3rd Quarter 2013 Construction Update, housing construction continues to experience a steady recovery, but at a slower pace than Q1. Reflecting uncertainties about future Fed policies on rates, the housing sector lost some...
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November 18, 2013, 07:02 AM
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The company has revised its 2013 outlook and now expects sales and revenues to be about $55 billion, with profit per share of about $5.50. The previous outlook for 2013 sales and revenues was a range of $56 to $58 billion with profit per share of...
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October 24, 2013, 07:02 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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The U.S. Census Bureau of the Department of Commerce announced that construction spending during June 2013 was estimated at a seasonally adjusted annual rate of $883.9 billion, 0.6 percent (±2.1%) below the revised May estimate of $889.4 billion. The...
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August 02, 2013, 06:55 AM
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According to the GE Capital 2Q 2013 Construction Industry Research Monitor, the housing recovery strengthened in 2012 and is expected to experience additional but more gradual growth in 2013, supported by low mortgage rates. The report notes...
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July 09, 2013, 07:02 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2013 was estimated at a seasonally adjusted annual rate of $874.9 billion, 0.5 percent (±1.6%) above the revised April estimate of $870.3 billion....
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July 02, 2013, 07:04 AM
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Sageworks recently analyzed the financial performance of privately held companies in the strengthening construction sector and found that several subsectors have generated double-digit sales growth in the 12 months ended March 2013.The Private...
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May 15, 2013, 07:14 AM
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March OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from February values. For the six months ending March 31st, 2013, average index values are up 0.9%. Eight out of fourteen...
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May 02, 2013, 07:00 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during February 2013 was estimated at a seasonally adjusted annual rate of $885.1 billion, 1.2 percent (±1.5%) above the revised January estimate of $874.8...
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April 02, 2013, 06:18 AM
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Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2013, according to a survey by Wells Fargo Equipment Finance.As part of its 2013 Construction Industry Forecast, Wells...
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March 07, 2013, 07:20 AM
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According to survey results released today by GE Capital, Equipment Finance, participants in the construction equipment industry are more optimistic about 2013, with 75 percent saying they expect retail sales of construction equipment to increase by...
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February 08, 2013, 07:30 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during December 2012 was estimated at a seasonally adjusted annual rate of $885.0 billion, 0.9 percent (±1.6%) above the revised November estimate of $876.9...
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February 05, 2013, 07:00 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2012 was estimated at a seasonally adjusted annual rate of $866.0 billion, 0.3 percent (±1.6%) below the revised October estimate of $868.2...
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January 04, 2013, 07:24 AM
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According to the Wells Fargo Equipment Finance Construction Quarterly report for Q4 2012, the Construction Group at Wells Fargo Equipment Finance is modestly positive about the prospects for the construction industry for 2013. The report says...
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December 20, 2012, 07:40 AM
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The U.S. Census Bureau of the Department of Commerce announced today that construction spending during October 2012 was estimated at a seasonally adjusted annual rate of $872.1 billion, 1.4 percent above the revised September estimate of $860.4...
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December 04, 2012, 07:14 AM
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Deere & Company reported net income was $687.6 million for the fourth quarter ended October 31, compared with $669.6 million for the same period last year. For fiscal 2012, net income attributable to Deere & Company was $3.065 billion compared with...
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November 21, 2012, 07:53 AM
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The U.S. Census Bureau of the Department of Commerce announced today that construction spending during September 2012 was estimated at a seasonally adjusted annual rate of $851.6 billion, 0.6 percent (±2.1%) above the revised August estimate of...
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November 02, 2012, 07:01 AM
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CNH Global announced financial results for the quarter ended September 30, 2012. Net sales for the quarter increased 5% (11% on a constant currency basis) to $4.8 billion as global demand for agricultural equipment remained solid, driven by high...
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October 31, 2012, 07:23 AM
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Volvo Construction Equipment reports that it has reduced production and inventory in its facilities along with inventories at its dealers in response to a drop in sales and an “uncertain outlook.”Volvo CE released its third quarter earnings report...
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October 25, 2012, 07:19 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2012 was estimated at a seasonally adjusted annual rate of $837.1 billion, 0.6 percent (±2.1%)* below the revised July estimate of $842.0 billion....
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October 02, 2012, 07:06 AM
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Ritchie Bros. Auctioneers sold more than $40 million of equipment items and trucks at an unreserved public auction in Fort Worth, Texas on September 25 - 26, 2012. More than 3,400 equipment items and trucks were sold in the auction—with each and...
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September 27, 2012, 07:00 AM
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The Q3 survey of construction executives conducted by Wells Fargo Equipment Finance reveals a sentiment that construction activity has been rising compared to a year ago. However, about 61% said they felt that the downturn in the construction...
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September 26, 2012, 07:45 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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The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2012 was estimated at a seasonally adjusted annual rate of $834.4 billion, 0.9 percent (±1.8%) below the revised June estimate of $842.2 billion....
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September 05, 2012, 07:00 AM
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Associated Builders and Contractors (ABC) released its newest construction economic measure, the Construction Confidence Index (CCI). The CCI reflects three aspects of the U.S. nonresidential construction industry – sales prospects, staffing levels...
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August 23, 2012, 07:00 AM
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Associated Builders and Contractors (ABC) today reports its Construction Backlog Indicator (CBI) rose 4.3 percent in the second quarter of 2012 after declining the two previous quarters. Despite the quarterly expansion, CBI is 0.3 months, or 4.2...
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August 16, 2012, 07:32 AM
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Deere & Company today announced worldwide net income attributable to Deere & Company of $788.0 million for the third quarter ended July 31, compared with $712.3 million for the same period last year.
For the first nine months of the year, net income...
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August 15, 2012, 07:19 AM
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The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2012 was estimated at a seasonally adjusted annual rate of $842.1 billion, 0.4% (±1.8%) above the revised May estimate of $838.3 billion. The...
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August 02, 2012, 07:26 AM
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Caterpillar announced second-quarter 2012 sales and revenues were $17.374 billion, an all-time record, and a 22% increase from second-quarter 2011 sales and revenues of $14.230 billion. "I am very pleased with Caterpillar's record-breaking...
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July 26, 2012, 07:36 AM
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TIP Capital, a leading provider of equipment finance and asset management solutions, has developed a new Specialty Markets Group designed to assist vendors, manufacturers and resellers in establishing competitive financing programs to complement...
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July 16, 2012, 07:31 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 U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2012 was estimated at a seasonally adjusted annual rate of $820.7 billion, 0.3 percent (±1.3%) above the revised March estimate of $818.1 billion....
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June 04, 2012, 07:30 AM
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According to Wells Fargo Equipment Finance’s Construction Quarterly for Q2 2012, overall construction spending achieved a 7% gain compared to a year ago in spite of decreases in public infrastructure spending. Unseasonably warm weather and low...
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May 30, 2012, 08:00 AM
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Associated Builders and Contractors (ABC) released its Construction Backlog Indicator (CBI) for the first quarter of 2012. CBI declined 5.4% from the previous quarter, dipping from 7.8 months to 7.4 months, but is slightly higher compared to the...
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May 18, 2012, 07:30 AM
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Net income attributable to Deere & Company was $1.056 billion for the second quarter ended April 30, compared with $904.3 million for the same period last year. For the first six months of the year, net income attributable to Deere & Company was...
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May 17, 2012, 07:30 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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Caterpillar Inc. announced it has signed an agreement that would result in Platinum Equity acquiring a 65% equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics...
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May 11, 2012, 07:30 AM
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Equipment World reported Volvo Construction Equipment experienced a strong first quarter in 2012, reporting a 17% rise in sales. According to the company, these positive results come despite a flat total world market for construction equipment...
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May 07, 2012, 06:30 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during March 2012 was estimated at a seasonally adjusted annual rate of $808.1 billion, 0.1 percent (±1.4%) above the revised February estimate of $807.3...
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May 02, 2012, 07:30 AM
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GE Capital’s Industry Research Monitor for Spring 2012 indicates the construction industry experienced small but consistent quarterly improvements in virtually all metrics providing positive momentum for 2012.According to the report, total...
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April 30, 2012, 08:10 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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The National Center for the Middle Market (NCMM) today announced that the middle market, a leading indicator of America's future competitiveness, grew at a rate of 8.4% in the past year, but expects future revenue growth will slow according to...
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April 26, 2012, 07:30 AM
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Caterpillar Inc. reported first-quarter 2012 sales and revenues of $15.981 billion, up 23% from $12.949 billion in the first quarter of 2011. Profit was a record $1.586 billion in the quarter, an increase of 29% from $1.225 billion in the first...
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April 25, 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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The U.S. Census Bureau of the Department of Commerce announced that construction spending during February 2012 was estimated at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent (±1.3%) below the revised January estimate of $818.1...
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April 03, 2012, 07:45 AM
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FMI, the largest provider of management consulting and investment banking to the engineering and construction industry, announced the release of its Nonresidential Construction Index report for the first quarter of 2012.The NRCI gained 7.8 points...
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March 16, 2012, 07:15 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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Nations Equipment Finance ("Nations") announced today that it has opened offices in Chicago, Cleveland and Tampa. These new offices are in addition to existing offices in New York, Dallas and their headquarters in Norwalk, CT.
"We are experiencing...
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March 08, 2012, 08:15 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during January 2012 was estimated at a seasonally adjusted annual rate of $827.0 billion, 0.1% (±1.1%) below the revised December estimate of $827.6 billion....
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March 02, 2012, 07:30 AM
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A new study of the change in the types of small businesses from 2000 to 2011 reveals a dramatic shift towards service based businesses. This longitudinal study shows that traditional sectors that drove the small business economy in the past, like...
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March 01, 2012, 07:45 AM
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The February edition of the Rouse Rental Report indicates improved metrics in three important areas: OLV Values, auction sale results, and rental rates across fourteen major rental categories tracked by Rouse. January OLV Values Increase 0.6%January...
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March 01, 2012, 07:30 AM
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A report posted on the American Rental Association website, indicates the equipment rental industry outperformed the industries it serves in 2011 and the momentum is expected to carry into 2012 and beyond, according to the latest data released by the...
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February 08, 2012, 07:30 AM
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