Equipment Sector

Air Lease Places Fourth New Boeing 787 Dreamliner with Aeromexico

Air Lease announced a long-term lease agreement with Aeromexico for an additional new Boeing 787-9 aircraft — the airline’s fourth new 787-9 lease from ALC. read more

Waypoint Leasing Places AW139 Helicopter with HEVILIFT in Australia

Waypoint Leasing agreed to deliver one AW139 helicopter to HEVILIFT Group to be used in support of the offshore oil and gas sector in the Asia-Pacific region. read more

U.S. Cutting Tool June/YTD Consumption up 5.8%

The U.S. Cutting Tool Institute and AMT reported year-to-date through June cutting tool consumption totaled $1.095 billion, up 5.8% compared with the same period in 2016. read more

Volvo Reports Q2 Net New Truck Orders Up 22%; Global Deliveries Flat

Volvo reported Q2/17 new truck orders were up 22% compared to the same quarter in 2016. The truck-maker also said its overall global deliveries of 52,058 compared to 52,670 one year-ago. read more

Baker Hughes: U.S. Rig Count Up 95% Year/Year

According the latest rig count report from Banker Hughes, in the U.S. the rig count was up 95% from 464 last year to 954 on August 4, 2017. read more

Hyster-Yale H1/17 Y/Y Shipments Up 9.4%, Backlog Up 15.4%

Hyster-Yale reported lift truck shipments increased to 45,500 units in H1/17, up 9.4% from the same period in 2016. Worldwide backlog of 35,300 units at June 30, 2017 was up 15.4% from 30,500 units a year earlier. read more

Boeing: Worldwide Demand for 41,030 Aircraft over Next 20 Years

Boeing is forecasting worldwide demand for 41,030 new airplanes over the next 20 years. The aircraft maker noted that carriers in India will need more than 5.1% of the total demand. read more

ACT: June Used Class 8 Truck Sales Down; Trailer Production Up

Class 8 same dealer used truck sales volumes slipped slightly in June, falling 3% month-over-month while June trailer production increased 6% month over month, up 5% year over year, according to ACT Research. read more

Caterpillar Beats the Street, Raises FY Forecast

Caterpillar beat analysts’ estimates and raised its full-year forecast as earnings rose 46% driven by improved demand in China and a recovery in mining activity. read more

PACCAR Reports Strong Q2 Revenues; Class 8 Truck Orders Up 44% YTD

PACCAR reported Q2/17 net sales and revenues were $40.7 billion, up from $4.41 billion a year earlier. Its U.S. and Canada Class 8 truck orders increased 44% in the first six months of 2017. read more

Caterpillar Reports 2% Increase in North American Machine Sales

In June, for the second straight month, Caterpillar reported a 2% increase in machine retail sales across North America as well as a 7% increase globally. read more

Ritchie Bros. Sells $42MM of Equipment in Fort Worth, TX

Ritchie Bros. held its sixth Texas auction of the year on July 19 and July 20, selling more than 3,400 equipment items and trucks for roughly $42 million at its auction site in Fort Worth. read more

Global Specialty Commercial Vehicle Market to Grow 4.2% by 2022

According to a new report from Research and Markets, the global market for specialty commercial vehicle bodies and truck cab and chassis OEMs is projected to grow at CAGAR of 4.2% from 2017 to 2022. read more

ATA Forecasts 2.8% Growth in 2017 Freight Volumes

In its freight transportation forecast for 2017, American Trucking Associations projected freight volumes to grow 2.8% in 2017, and then follow that up with 3.4% annual growth through 2023. read more

ACT: North America Class 8 Production Hits 19-Month High

According to ACT Research, North America Class 8 production reached a 19-month high again in June following the stronger orders earlier this year. read more

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