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EquipmentWatch Names 2017 Highest Retained Value Award Winners

EquipmentWatch, a leader in data, software and insights for the heavy equipment industry, has announced it 2nd annual list of Highest Retained Value Award winners – the industry’s only award based on residual values of heavy equipment. Top honors in each category were given to the model/series projected to retain the highest percentage of its original value after five years.

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KOBELCO USA Plans Exciting CONEXPO-CON/AGG 2017 Exhibit

KOBELCO Construction Machinery USA continues its commitment to quality and innovation with plans to highlight its latest advancements at CONEXPO-CON/AGG 2017, held March 7-11 at the Las Vegas Convention Center. The exciting KOBELCO exhibit – located in booth N10002 – will feature a large selection of excavators, new and specialty models, and showcase the company’s exclusive technologies.

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Maintenance & Management

Case offers online Total Cost of Ownership calculator

CASE Construction Equipment has launched an all-new Total Cost of Ownership Calculator at CaseCE.com that provides both prospective buyers and current equipment owners insight into lifetime ownership costs. Based on a broad range of operational factors covering the entire line of CASE equipment, the program calculates data in U.S. and Canadian currencies, as well as metric and imperial measurements. 

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Lifting & Material Handling

Crane Power: Infrastructure Project at the Suez Canal

A total of ten Liebherr duty cycle crawler cranes and crawler cranes are currently in operation at the Suez Canal as part of a multibillion project. A HS 8100 HD duty cycle crawler crane of the newest generation belonging to the German company Züblin is among the machines deployed to assist in the construction of two road tunnels under the Suez Canal near the city of Port Said in North Egypt. 

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Crane, loader, excavator and other simulations to be displayed at CONEXPO

At CONEXPO 2017 (Las Vegas, March 7–11, booth G72413 in the Gold Hall), CM Labs Simulations will showcase its immersive Vortex Advantage simulator, running tower crane, mobile crane, overhead crane, boom truck, wheel loader, backhoe loader, and excavator operator training modules. CM Labs will also launch their new professional-grade entry-level training simulator.

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Construction activity in Canada moves into slow growth mode

After two years of decline, construction activity in Canada is expected to edge slightly higher this year. Growth overall will be slower and uneven across the provinces, with the anticipated start and finish of major projects and downturn in residential building. One of the biggest challenges across the entire industry this decade is offsetting the rapid retirement of an estimated 21 percent of the country's construction workforce, according to the latest labour market forecast released  by BuildForce Canada.

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Five-year forecast for equipment rental revenue strengthens; forecast for Canada projects $5.148 billion in equipment rental revenue in 2017

A new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) shows a moderate strengthening compared to the November forecast. ARA now projects U.S. equipment rental revenue will reach $48.9 billion in 2017, but then grow at an average annual rate of 4.3 percent over the forecast to top $56 billion in 2020.

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Komatsu America CEO Rod Schrader named to AEM board of directors

Rod Schrader CEO Komatsu America

Komatsu America Corp.,has  announced Rod Schrader, CEO of Komatsu America Corp., has been elected to the Board of Directors of the Association of Equipment Manufacturers (AEM), the North American-based international trade group for the off-road equipment manufacturing industry (agriculture, construction, forestry, mining and utility sectors).

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Atlas Copco Group to split

The Atlas Copco Board is proposing a split of Atlas Copco Group, which will turn the Mining and Rock Excavation Technique Business Area and division Construction Tools into a separate company. This new company will be dedicated to customers within mining and civil engineering and will help ensure that Atlas Copco and the new company are provided the best growth opportunities in their respective markets.

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Construction Technologies
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EquipmentShare Secures $26 Million in Funding to Fuel Marketplace Expansion and Launch Mixed Fleet Telematics Solution ES Track

Jabbok Schlacks (left) and Willy Schlacks (right), brothers and co-founders of EquipmentShare

EquipmentShare, a provider of construction technology solutions that help contractors and original equipment manufacturers (OEMs) better manage equipment and make smarter business decisions, has secured $26 million in funding led by Insight Venture Partners and existing investor Romulus Growth. Y Combinator, another existing investor, also participated in the round. With this capital, EquipmentShare will launch its mixed-fleet telematics solution, ES Track, and open peer-to-peer marketplace locations in eight additional U.S. markets.

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Concrete Construction

More than 50,000 attend World of Concrete 2017

A scene from World of Concrete 2016. The 2017 event wrapped up January 20 and drew more than 50,000 people.

World of Concrete 2017 provided exhibitors with a hugely successful platform to start the year off strong, packing the show floor with qualified industry-related attendees, ready to make purchasing decisions on the latest equipment, products, and technologies available. Many exhibitors commented WOC 2017 was one of the best shows in recent memory, resulting in a 73% rebook on booth space for WOC 2018. 

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Manufacturers join for project reducing impact of forest machines on soft soils

Together with European forest research organisations and SMEs, major international cut-to-length forest machine manufacturer Ponsse Plc and tracked utility vehicle manufacturer Prinoth SPA will join forces in OnTrack, a new EU Horizon 2020 Innovation Action. The purpose of the two-year project is to investigate alternative running gear in a form of a tracked chassis system that could reduce the impact of machines on forest soils, while maintaining or even improving productivity.

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Lifting & Material Handling

Genie to host "Ask Me Anything" event in late January

Ask questions, get answers — the Genie“Ask Me Anything” (AMA) event makes it possible for customers to do just that. Expanding on the company’s popular education-focused website, Genie Aerial Pros, its new AMA webpage gives Genie another opportunity to provide information to customers on topics influencing the aerial industry, including the most up-to-date information available from manufacturers on how changes to the ANSI A92 and CSA B354 standards will affect equipment, service and training. The first Genie AMA event will be January 23-27.

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