Equipment Sector

Caterpillar to Explore Strategic Alternatives for Certain Mining Products

Caterpillar intends to pursue strategic alternatives, including a possible divestiture, for its room and pillar products, which serve a segment of underground soft rock mining customers. read more

International Air Finance Places A330 with Saudi Arabian Airlines

Saudi Arabian Airlines has taken delivery of its first A330-300 Regional which will be leased from aircraft lessor International Air Finance. read more

Illinois Material Handling Appointed Authorized Linde Dealer

Illinois Material Handling announced their appointment as an authorized Linde forklift dealer in northern Illinois. read more

Ritchie Bros. Sets Sales Record at Tipton, CA Auction

Ritchie Bros. set a new site sales record at its Tipton, CA auction, selling more than $21 million worth of construction and transportation equipment. read more

Caterpillar’s Struggles Continue as Global Sales Fall 19%

In its most recent retail sales statistics release, Caterpillar reported that total machine sales for the three-month period ending in July were down 19%. read more

ACT Research: July Class 8 Net Orders Contract 58% Year/Year

ACT Research reported Class 8 net orders in July fell 20% month-over-month, but contracted nearly 58% year-over-year. Medium duty net orders are tracking at levels comparable to 2015. read more

GECAS Signs Purchase/Leaseback Deal with Qatar Airways

GE Capital Aviation Services signed a purchase-and-leaseback transaction with Qatar Airways for five new Airbus A350-900 aircraft to help expand the carrier’s fleet. read more

Compact Power Equipment Rental Deploys New Equipment

Compact Power Equipment Rental has announced several new products. read more

Business Jet Deliveries Down 4.3% in H1/16 as Uncertainty Looms

According to research from Reportbuyer, the business jet market will continue to face an uncertain environment in the second half of 2016 following a 4.3% decline in deliveries in the first half of the year. read more

AerCap Delivers Second New Airbus A350 XWB Aircraft to Ethiopian Airlines

AerCap delivered a second new Airbus A350-900 to Ethiopian Airlines. The first aircraft was delivered in June, marking the first A350 XWB aircraft to be delivered to an African carrier. read more

ACT Research: Class 8 Supply Rose Faster than Demand in July

The supply of Class 8 trucks rose faster than demand for the fifth time this year, according to the most recent ACT For-Hire Trucking Index from ACT Research. read more

Flexjet Accepts Delivery of First Embraer Legacy 450 Aircraft

Flexjet accepted its first Legacy 450 midsized business jet from Embraer, becoming the first fractional fleet provider to take delivery of the Legacy 450, which the FAA certified in August 2015. read more

U.S. Cutting Tool June YTD Consumption Down 8.8%

According to the U.S. Cutting Tool Institute and AMT, June year-to-date 2016 U.S. cutting tool consumption of $1,030.80 million is down 8.8% when compared the same period in 2015. read more

Air Lease Delivers Airbus A321-200 Aircraft to WOW air

Air Lease announced the delivery of one new Airbus A321-200 on long-term lease to WOW air (Iceland). This new A321-200 MSN 7237 is the second of six new A320/A321 family jets leased by WOW air from ALC. read more

The Manitowoc Company to Relocate Crawler Manufacturing Operations

The Manitowoc Company intends to relocate its crawler crane manufacturing operations to Shady Grove, PA in the hopes of optimizing its manufacturing footprint, reducing costs and expanding margins. read more

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