Terex Q2 revenues up +10%
Terex's sales for the second quarter of the year were US$ 2.06 billion, a +10.4% rise on the same period in 2013. The company made a net profit of US$ 140 million in the three-month period, compared to just US$ 21 million a year ago.
International Construction – 7/24/2014
Caterpillar 2Q Profit Rises, Revenue Declines
Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped.
ABC News – 7/24/2014
Bandit Industries Reaches Recapitalization Deal with Huron Capital Partners
Huron Capital Partners and Bandit Industries have entered into a letter of intent to recapitalize Bandit as a private company and to provide resources and capital to reinforce Bandit's continued record growth while accelerating the company's global growth strategy.
RER – 7/23/2014
Doosan Expands Dealer Network in Wyoming
Doosan has expanded its dealer network with the addition of Bobcat of Caspar and Bobcat of Gillette as authorized sales, service and rental providers of Doosan equipment. The companies have service customers throughout Wyoming for 28 years.
RER – 7/23/2014
Senate to vote on ending the gas tax
The Senate will hold a vote this week on a proposal that would eliminate most of the gas taxes that are paid by drivers in the United States.
The Hill – 7/23/2014
House trade leaders look to lame duck for TPA
A vote on whether to renew presidential "fast-track" Trade Promotion Authority (TPA) likely will be delayed until after the lame duck session of Congress, according to two House members. TPA gives a president authority to negotiate a treaty that Congress must approve or disapprove, but cannot change or filibuster.
AgriPulse – 7/23/2014
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.
BBC News – 7/23/2014
Illinois Governor signs $1B plan for road repairs
Illinois Gov. Pat Quinn has signed a $1 billion capital spending plan, intended to create jobs and help repair the state's roads and bridges.
Better Roads – 7/23/2014
Builder Confidence Surpasses Key Benchmark in July
Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as good than poor.
Compact Equipment – 7/23/2014
CONEXPO Latin America holds successful exhibitor-info meeting
CONEXPO Latin America conducted a well-attended and well-received exhibitor-information meeting recently in Santiago, Chile; construction equipment manufacturers and related industry companies learned details directly from show organizers about exhibiting at this world-class event that is bringing the unique CONEXPO brand of quality and value to the region.
ThomasNet – 7/23/2014