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

 

Congress Expected To Waste No Time In Debating Farm Bill
Indications are that legislators will waste no time in taking up the farm bill drafts on both the Senate and House floors. The version approved by the Senate Agriculture, Nutrition and Forestry Committee on Tuesday was introduced later that day on the Senate floor as S. 954.
May 17, 2013 – AgriMarketing

Navistar Sells Recreational Vehicle Business
Calling it "another important step in company's turnaround plan," Navistar, Inc., said that Allied Specialty Vehicles (ASV), a $1 billion sales producer of specialty vehicles to the fire and emergency, commercial and industrial and recreational vehicles markets worldwide, has purchased certain assets of Navistar RV, a manufacturer of motorized and towable recreational vehicles, which includes the Monaco, Holiday Rambler and R-Vision brands.
May 16, 2013 – Diesel Progress

Senate Passes Water Resources Development Act
The Senate Wednesday voted 83-14 in support of the Water Resources Development Act, a bill that authorizes Army Corps projects on major inland waterways in the United States, and includes a provision that partially alleviates EPA fuel storage restrictions.
May 16, 2013 – Farm Futures

Housing Starts Slip with Multifamily Correction in April
A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month, with a particularly strong gain in multifamily issuance.
May 16, 2013 – AED

Mahindra USA Announces 2013 Women in Ag Scholarship Winners
Mahindra USA, Inc. is proud to announce the winners of its 2012 / 2013 scholarship program benefiting young women studying agriculture, the "Mahindra Tractors' Women in Ag Scholarships." Since 2007, Mahindra USA has sponsored the Women in Ag Scholarship Program to recognize the important role that women play in the future of the agricultural industry.
May 16, 2013 – Farm Equipment

House Agriculture Committee passes new farm bill
After several long hours of debate, the House Agriculture Committee passed a new five-year farm bill, H.R. 1947, late tonight by a 36-10 vote margin. The measure reforms or eliminates more than 100 programs, including the elimination of direct payments that have been the mainstay of the farm safety net for almost two decades.
May 16, 2013 – AgriPulse

Ditch Witch Acquires Albany, Ga., Location
Ditch Witch of Georgia recently acquired its third location, adding Ditch Witch of Albany to the existing facilities in Savannah and Atlanta (Forest Park). The company, owned by the Ditch Witch factory, is Charles Machine Works Inc., located in Perry, Okla.
May 15, 2013 – Construction Equipment Guide

Deere's Sales, Net Up 9% in 1st Half
Net income attributable to Deere & Company was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year. For the first six months of the year, net income attributable to Deere & Company was $1.734 billion, or $4.41 per share, compared with $1.589 billion, or $3.91 per share, last year.
May 15, 2013 – AgriMarketing.com

New World Bank funds for India projects
The World Bank has approved two financing packages worth a total of US$ 318 million to support road improvement projects and low income housing development in India.
May 15, 2013 – International Construction

More Tactics to Grow Your B2B Email List
List growth is a perennial top priority for email marketers. Today, it's even more important to grow your list with quality sales leads to keep your messages in your readers' priority inboxes and to lessen the risk that an ISP will block your messages because of outdated, nonfunctioning, or bogus email addresses.
May 15, 2013 – ClickZ

Russia will create new transport infrastructure for 2018 FIFA World Cup
New transport infrastructure in Russia will be created from a US$4.178 billion (RUB 130bn) federal budget pot for boosting transport, energy supply, communications, utilities, and safety infrastructure ahead of the country hosting the 2018 FIFA World Cup.
May 15, 2013 – World Highways

NHTSA data shows 5.3% rise in US road accident deaths in 2012
An estimated 34,080 people died in road accidents in the United States in 2012, up 5.3% on the year before, according to a new report from the US National Highway Traffic Safety Administration (NHTSA).
May 15, 2013 – World Highways

Strongco Reports First-Quarter Rental Revenues Up 29%
Rental revenues were $6.7 million, up 29% from $5.2 million, and product support revenues totaled $30.2 million compared to $29.6 million from the same period in the prior year.
May 15, 2013 – forconstructionpros.com

Industrial Production in U.S. Falls by Most in Eight Months
Industrial production declined in April by the most in eight months, reflecting broad-based cutbacks in U.S. manufacturing (IPMGCHNG) that show factories will provide little support for the economy.
May 15, 2013 – Bloomberg

Bobcat Company Breaks Ground on $20 Million Expansion
Bobcat Company has officially broken ground on its $20 million renovation and expansion to create the Acceleration Center in Bismarck, N.D. When complete, the Acceleration Center will be a modern complex for advancing innovation where professionals utilize technology and modern design to ensure the position of Bobcat as the leader in the compact equipment industry.
May 15, 2013 – AED

Eurozone recession continues into sixth quarter
The recession across the 17-nation eurozone has continued into a sixth quarter, figures show.
May 15, 2013 – BBC News

Mutual Fund Now Owns 12% Of CNH
During the fourth quarter of 2012, Southeastern Management, a large mutual fund managed by billionaire Mason Hawkins, initiated a position of 1.5 million shares in CNH Global, a $10 billion market cap manufacturer of farm and construction machinery.
May 15, 2013 – AgriMarketing

Boom boost for Manitex revenue in Q1
Boom truck sales and improved commercial activity were the major reasons behind an increase in Manitex's revenues for the first quarter of 2013. The company reported that net revenues rose 39% to a record $59.6m, compared with $42.8m in 2012.
May 14, 2013 – Cranes Today

CNH Invests $13 Million in New Parts Facility
CNH Parts & Service, the product support division of agricultural and construction equipment maker CNH Global N.V., has announced plans to invest more than $13 million to equip and lease a new facility at 210 South Enterprise Drive in Lebanon, Ind., in the Lebanon Business Park. Once fully operational and staffed, the new facility is expected to support 100 new area jobs.
May 14, 2013 – Utility Contractor

MTOP launches US$91mn Cuenca-Biblián rehabilitation project
Ecuador's transport and public works ministry (MTOP) has launched a tender for the rehabilitation of the 44km Cuenca-Biblián express highway.
May 14, 2013 – BN Americas

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