Thompson to Purchase Portion of Cat Mining Distribution
Thompson Machinery Commerce Corporation announced the acquisition of the expanded Cat Mining equipment distribution and support business for its territories from Caterpillar Global Mining LLC.
August 20, 2014 – Construction Equipment Guide
Pace of US coal mine idlings slowing in 2014
While the number of US coal mines idled in the first half of 2014 decreased compared to the second half of 2013, the Central and Northern Appalachia producing regions still accounted for the largest number of mines idled during the period, according to the latest analysis by SNL Energy.
August 20, 2014 – Mining World
Manufacturing Pace Rises at Fastest Rate in Two Years
Manufacturing production increased 1.0 percent in July, helping to lift the year-over-year pace of manufacturing output to 4.9 percent, its fastest annual pace since June 2012.
August 18, 2014 – National Association of Manufacturers
Atlas Copco appoints new VP for Business Development Pumps
Atlas Copco has appointed Per Rehn as vice president for Business Development Pumps for the Portable Energy Division.
August 15, 2014 – Mining World
Wirtgen acquires majority stake in Benninghoven
Wirtgen Group has acquired a 70% stake in asphalt mixing plant manufacturer Benninghoven, which is located in Mülheim, Germany.
August 13, 2014 – Mining World
Geopolitical Challenges Could Depress Second Half 2014 Forecasts
Geopolitical challenges could put downward pressure on growth forecasts for the second half of 2014.
August 12, 2014 – National Association of Manufacturers
The Export-Import Bank is NOT a subsidy
Opponents of reauthorizing the Export-Import (Ex-Im) Bank of the United States have been vocal in claiming that the bank distorts international trade and is a subsidy for U.S. businesses. The reality is the opposite.
August 7, 2014 – CNBC
US trade deficit narrows as imports drop
The US trade deficit fell in June after imports dropped 1.2% from the previous month, the biggest fall in a year.
August 6, 2014 – BBC News
Chile Economy Grows at Slowest Pace in More Than Four Years
Chile's economy grew less than analysts expected in June, expanding at the slowest pace since the aftermath of an earthquake in February 2010 that devastated the center-south of the country.
August 5, 2014 – Bloomberg
Philippi-Hagenbuch Partners with Susan G. Komen Memorial Pink Tailgate Initiative for Breast Cancer Awareness
Philippi-Hagenbuch, Inc. (PHIL) is working with the Susan G. Komen Memorial to increase breast cancer awareness and prevention and raise funds for research dedicated to finding a cure.
August 4, 2014 – forconstructionpros.com
U.S. Economy Rebounds After Slow Start, but Exports Still Weak
The U.S. economy has rebounded after a slow start to the year; net exports, however, continued to be a weakness.
August 4, 2014 – National Association of Manufacturers
Metso to adopt new strategy for growth
Metso Corporation has decided on a new strategy and a new operating model, designed to drive growth in the company's core businesses and strengthen its financial performance and value creation
July 31, 2014 – Mining World
Google's Big Data IoT Play For Manufacturing
"What if storage and compute power were free? How would that change the way you look at Big Data and the Internet of Things?" asked Tom Howe, Google's senior enterprise consultant for manufacturing during last week's 10th Manufacturing Leadership Summit in Palm Beach, Fla.
July 30, 2014 – Manufacturing Leadership
U.S. Economy Grows at 4% Pace in 2Q
U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, bolstering views for a stronger performance in the last six months of the year.
July 30, 2014 – Fox Business/Reuters
Fed Surveys Reflect Pickup in Shipments, Employment
News regarding manufacturing activity was mostly positive last week, with surveys from the Kansas City and Richmond Federal Reserve Banks both reflecting a pickup in shipments and employment in July.
July 28, 2014 – National Association of Manufacturers
Caterpillar 2Q Profit Rises, Revenue Declines
Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped.
July 24, 2014 – ABC News
Manufacturing Continues Rebound from Winter Woes
July 23, 2014 – National Association of Manufacturers
China manufacturing activity at 18-month high
China's manufacturing activity grew at its fastest pace in 18 months in July, an initial survey by HSBC showed, the latest in a series of signs that the country's economy may be stabilizing.
July 23, 2014 – BBC News
Caterpillar says it's likely to win IRS tax case
Caterpillar Inc. believes it is "more likely than not" to persuade U.S. tax authorities that it complied with tax rules in pursuing a strategy that shifts profits to a Swiss subsidiary, the company said in a securities filing Monday.
July 21, 2014 – MarketWatch
Kemper Equipment now carrying Terex Cedarapids, Canica lines
Kemper Equipment Inc. was named a dealer in Delaware, Maryland, New Jersey and Pennsylvania for the Terex Cedarapids and Terex Canica crushing and screening equipment lines of Terex Minerals Processing Systems (MPS).
July 18, 2014 – Pit & Quarry
US factory output rises for 5th straight month in June, boosting economy after dismal 1Q
U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter.
July 16, 2014 – U.S News & World Report
Pace of Global Economy Picks Up Slightly in June
The global economy improved slightly in June, showing some signs of stabilization from weaknesses in prior months.
July 14, 2014 – Natioanal Association of Manufacturers
Manufacturers Cautiously Upbeat about Second Half of 2014
Manufacturers continue to wrap their heads around the fact that growth in the early months of 2014 has been more disappointing than originally anticipated, but at the same time, they are cautiously upbeat about the second half of the year.
July 14, 2014 – National Association of Manufacturers
Survey: Growth forecast lowered to 3 percent for the second quarter
Business economists have lowered their estimates for economic growth in the second quarter following news of a significant contraction during the first three months of the year.
July 14, 2014 – The Hill
Volvo CE after truck buy: "We want to work with distribution to keep the Terex flag flying"
Now that Volvo Construction Equipment's acquisition of Terex's articulated and rigid frame trucks is complete, Volvo is concentrating on continuing the product lineup in North America under the name Terex Trucks Americas.
July 14, 2014 – Equipment World