Business news 8/17/18

Aug. 17, 2018

Registered attendees may participate in concurrent Green Truck Summit and Fleet Technical Congress programming at The Work Truck Show 2019

August 7, 2018—NTEA—the association for the work truck industry—is expanding available educational opportunities during The Work Truck Show 2019—offering a new option for registrants to attend Green Truck Summit and Fleet Technical Congress sessions. Both events are held concurrently at JW Marriott Indianapolis, on Tuesday, March 5, from 8:30 a.m.–5 p.m. The Work Truck Show 2019 runs March 5–8, 2019, at Indiana Convention Center in Indianapolis, Ind. Educational sessions begin March 5, and the exhibit hall is open March 6–8. Green Truck Summit is the industry’s premier alternative fuels and advanced technology conference. It brings together industry leaders to share developments and decisions about the journey toward greater work truck productivity and efficiency. Introduced at The Work Truck Show 2018, Fleet Technical Congress gives fleet managers the opportunity to explore the latest technology solutions while gaining management insights from industry leaders. It is designed for both established fleet managers and those moving into more senior management roles. Both events will run on the same schedule with their own opening comments and dedicated keynote speakers followed by general sessions. Registrants can easily switch back and forth between the two, based on preferred topic areas, throughout the day. A combined reception will be offered following the last general sessions.

Terex Materials Processing shares second quarter 2018 results

July 31, 2018—Following Terex Corporation’s release of its second quarter 2018 results, Terex Materials Processing is pleased to share these, along with its segment-specific results. Terex Corporation reported strong second quarter 2018 sales of $1.4 billion, up 19% versus Q2 of 2017, with increased sales and backlog in all three business segments. The results were driven by continued implementation of the company’s Execute to Win business strategy and its focus on meeting the growing needs of customers during a period of broad-based growth. The Materials Processing business segment was a strong contributor to the overall company results with sales of $319 million that were 14% higher than last year. The growth was driven by consistent execution and increasing global demand for Materials Processing products driven by broad-based economic growth and construction activity. Backlog for the segment at the end of Q2 was $393 million, up 75% versus last year. For more information on Terex Corporation’s second quarter 2018 results, click here.

CASE announces North American dealer network expansion, additions

July 31, 2018—CASE Construction Equipment has announced several dealer territory expansions in North America as the company continues to strengthen its nationwide dealer network. Existing dealers have made significant developments in their presence in Connecticut, Indiana, Florida, Michigan and Mississippi, while a new CASE dealer has been activated in Northern Michigan. The 2018 mid-year distribution expansions include: Lee Tractor Co. Inc. has expanded its Mississippi coverage with a new location in Pearl, Miss., to serve the Jackson market; McCann Industries has expanded to cover Northwest Indiana and Grand Rapids, Mich., markets with two new locations in Mishawaka, Ind., and Dorr, Mich.; Monroe Tractor has expanded its New England coverage with a new branch location in South Windsor, Conn.; Trekker Tractor continued its expansion in Florida with a new branch in Jacksonville; and Ina Store Inc. is a new CASE dealer that will cover Northern Michigan from Saginaw to Traverse City with a central location in Tustin, Fla.

Komatsu partners with Propeller to bring enterprise-grade drone analytics solutions to the construction industry

July 2018—Komatsu America Corp. and Propeller Aero Inc. are partnering to boost the efficiency of construction job sites using drone-powered mapping and analytics software. With drones becoming an increasingly common worksite tool, Komatsu has identified aerial mapping and analytics as a key component of their Smart Construction initiative—a range of integrated hardware and software products designed to offer an end-to-end workflow for each phase of construction. Komatsu America Corp. spent several years testing various commercial drone mapping and analytics products in North America. In Propeller, Komatsu found an exceptionally robust product, well-suited to meet the needs of modern construction operations. Propeller expertly balances ease-of-use with survey accuracy and reliability.

Bobcat Company earns U.S. Fish and Wildlife Service compact equipment contract

July 2018—Bobcat Company is proud to announce it has been awarded a five-year, $25 million compact equipment Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Fish and Wildlife Service. Bobcat will supplement the needs of the U.S. Fish and Wildlife Service with its compact equipment lineup, including skid-steer loaders, compact track loaders, compact excavators, mini track loaders, utility vehicles, telehandlers and the compact equipment industry’s only Toolcat utility work machine. With more than 550 dealers, Bobcat Company will provide parts and service to all machines provided to the U.S. Fish and Wildlife Service nationwide.