Association of Equipment Manufacturers

Industry News

AEM's Industry News brings you the latest news stories from across the Web on the companies, issues, trends and technologies that affect your business.

Recent Articles

 

More states add construction jobs; contractors, forecasters expect limited gains in 2012
Seasonally adjusted nonfarm payroll employment increased in 25 states and the District of Columbia in December, decreased in 24 states, and was unchanged in Montana. The 1,305 contractors who responded to the AGC of America/Computer Guidance Corporation 2012 Construction Outlook Survey expressed mixed views about the outlook for construction. The American Institute of Architects (AIA) "Consensus Construction Forecast Panel is projecting very modest growth overall for 2012.
January 26, 2012 – AEM

U.S. Consumer Confidence Stabilizes in Bloomberg Index as Job Losses Slow
Consumer confidence in the U.S. steadied last week as fewer firings helped ease concern about higher gasoline prices.
January 26, 2012 – Bloomberg

U.S. Durable Goods Orders Beat Forecasts
Orders for U.S. durable goods rose more than forecast in December, led by demand for aircraft, autos and business equipment that signals further manufacturing gains.
January 26, 2012 – Bloomberg

Fed not to raise US interest rates until late 2014
The Federal Reserve has said it does not now expect to raise interest rates in the US until late 2014.
January 26, 2012 – BBC News

Russia to Maintain Foreign Exchange Reserve Structure
Russia does not expect the eurozone to disintegrate despite its sovereign debt crisis and will keep its international reserves structure unchanged
January 26, 2012 – RIA Novosti

Caterpillar full-year sales soar
US manufacturer Caterpillar reported 2011 revenues of US$ 60.1 billion, up +41% year-on-year, while profit was US$ 4.9 billion - a jump of +83% compared to 2010.
January 26, 2012 – International Construction

Loxam launches city centre rental project
Loxam is launching a new project to open small rental stores in inner city areas targeting builders, electricians and plumbers working on city centre projects.
January 26, 2012 – International Rental News

Hitachi lowers full-year forecasts
Despite reporting an increase in net sales and operating income for the nine months to 31 December, 2011, Japanese manufacturer Hitachi Construction Machinery has lowered its full-year sales forecast on the back of a "significant decrease" in demand for hydraulic excavators in China.
January 26, 2012 – International Construction

December New Business Volume Up 20% Year-Over-Year
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for December was $10.8 billion
January 26, 2012 – ForConstructionPros.com

United Q4 Rental Revenues up 18.5%, Rates Increase 6% from 2010
Rental revenue increased 18.5% for the fourth quarter 2011, compared with the fourth quarter of the prior year, reflecting year-over-year increases of 6.7% in rental rates and 15.1% in the volume of equipment on rent.
January 26, 2012 – ForConstructionPros.com

Cat, BAE Systems In Hybrid Deal
BAE Systems and Caterpillar Inc. have signed a long-term supply agreement to collaborate on an energy efficient parallel hybrid propulsion system for heavy-duty trucks.
January 26, 2012 – Diesel Progress

Hemisphere GPS To Enter Data Services Market With Acquisition of AgJunction
Hemisphere GPS announced that it is entering the emerging data services market in precision agriculture with a purchase agreement to acquire the assets and operations of AgJunction from GVM, Inc.
January 26, 2012 – AgriMarketing

Crumbling waterway system costing U.S. ag
The deteriorating condition of the U.S. lock and dam system puts the competiveness of U.S. soybean farmers at risk, according to a study funded by the United Soybean Board (USB) and the soybean checkoff's Global Opportunities (GO) program.
January 26, 2012 – Ag Professional

Fed: Strong farm income propelling land prices
Strong farm income propelled farmland values to record highs and strengthened loan portfolios at agricultural banks at the end of 2011, according to the Federal Reserve System's Agricultural Finance Databook.
January 26, 2012 – Ag Professional

China's Largest Equipment Manufacturer Invests in Schwing
Chinese manufacturer XCMG has taken out a stake in Germany-based Schwing, industry analysts have told ENR.
January 25, 2012 – Engineering News Record

Putin Pledges Billions for Russia Coal Sector Boost
Russia will spend 252 billion roubles ($8.17 billion) on coal industry development by 2030 as part of an overall 3.7 trillion rouble investment programme that will be driven by the private sector.
January 25, 2012 – Reuters

CAF approves US$46mn for Guayaquil road infrastructure
Latin American development bank CAF has approved US$45.5mn for a road infrastructure improvement program for densely populated sectors of Ecuador's Guayaquil municipality.
January 25, 2012 – BNamericas

Canadian authorities request more information on United-RSC deal
United Rentals and RSC announced on Monday that the proposed acquisition deal had passed one antitrust deadline in the US but that Canadian competition authorities had requested further information on the transaction.
January 24, 2012 – Access International

Chávez okays US$1.1bn for highway repairs
Venezuela's President Hugo Chávez has greenlighted 4.7bn bolívares (US$1.1bn) to repair the nation's highways this year.
January 24, 2012 – BNamericas

Vietnam needs bridge and road improvements
A key need for infrastructure upgrades is required in Vietnam during 2012. Official estimates suggest that some US$499.4 million is required to repair roads and upgrade or replace bridge links in the country.
January 23, 2012 – World Highways

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