Equipment Sector

Bigge Adds Liebherr’s LRT 1130 Crane to Fleet

Bigge Crane and Rigging added Liebherr’s newest LRT 1130-2.1 rough terrain crane to its fleet at ConExpo 2023. The German-engineered crane features 140 U.S.-ton lifting capacity and the longest telescopic boom of any two-axle rough terrain crane.  read more

Ritchie Bros. Sells More Than $52MM in Equipment at Rocky Mountain Regional Event

Ritchie Bros. sold more than 5,100 items from three locations in its recent Rocky Mountain regional event, generating more than $52 million in gross transaction value. read more

Ryder Launches Discount Program for Women in Trucking

Ryder System launched a discount program for women-owned businesses that are a member of the Women in Trucking Association (WIT). Ryder is a member active participant of WIT. read more

XCMG to Exhibit Excavator Line-up at CONEXPO CON/AGG 2023

XCMG Excavator, a subsidiary of Xuzhou Construction Machinery Group, will exhibit its most expansive line up of excavator products to date at CONEXPO-CON AGG in Las Vegas. The trade show will be held at the Las Vegas International Convention Center from March 14 to 18. read more

Manitex Launches ECSY-Electric Crane System 

Manitex International, an international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, launched the ECSY-Electric Crane System in conjunction with opening day of CONEXPO-Las Vegas. read more

Kaman Enters Commercial Agreement with PHI Aviation

Kaman Aerospace and PHI Aviation entered into a master commercial agreement for the promotion, sales and support of a commercial version of Kaman’s KARGO UAV unmanned aerial system, including collaboration relating to its ongoing design and certification. read more

Global Jet Capital: 2022 Was a ‘Strong’ Year for Business Jet Market

According to a report from Global Jet Capital, thanks to improving flight operations and increased aircraft listings and transaction activity compared with pre-pandemic levels amid a stabilizing pricing environment, 2022 was a strong year for the business jet market. read more

Volvo Accounts for Nearly Half of North American Heavy Electric Trucks in 2022

Volvo Trucks has sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks has a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks. read more

Ritchie Bros. Auction Hits More Than $61MM in Houston

Ritchie Bros. attracted more than 14,500 bidders to compete for more than 6,500 items, generating more than $61 million in gross transaction value at its first Houston site auction of the year. read more

Wells Fargo Reveals Top 2023 Reflections of the Construction Industry

Wells Fargo released its 2023 Construction Industry Forecast survey. The results suggest a level of cautious optimism prevailing among non-residential contractors and distributors, with the non-residential construction industry maintaining a hopeful long-term outlook for 2023. read more

Volvo Construction Equipment Invests in Battery Pack Production at South Korean Excavator Plant

Volvo Construction Equipment announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling its ambition to drive industry transformation with sustainable solutions. read more

Net Trailer Orders Experience Dip in January as Demand Remains Strong

According to preliminary data from ACT Research, net trailer orders dipped in January to 24,200 units (22,000 when seasonally adjusted). Final January results will be available later this month, but the preliminary market estimate should be within 5% of the final order tally. read more

Gatwood Crane Service Expands Operations with Fleet and Equipment Purchase

Gatwood Crane Service, a wholly-owned subsidiary of The Bay Crane Companies, purchased 43 cranes and other related support equipment from CC Acquisition (dba Chelino Crane), a wholly-owned subsidiary of ML Crane Group. read more

Fleet Advantage Survey Shows Increasing Use of Leasing for Commercial Fleets

According to Fleet Advantage's latest industry benchmarking survey, 42% of respondents said they are leasing their trucks, which was up from 31% last year and 14% two years ago. read more

Ritchie Bros. to Showcase Insights at CONEXPO-CON/AGG

Ritchie Bros. will showcase its growing list of insights, services and transaction solutions at CONEXPO-CON/AGG, an equipment tradeshow in North America to be held in March in Las Vegas. read more

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