Equipment Sector

ACT’s For-Hire Trucking Index Reaches Highest Levels Since March 2014

The latest release of ACT’s For-Hire Trucking Index indicated that June’s volume reading advanced for the sixth consecutive month to 72.0, soaring to the highest level since March 2014. read more

U.S. Cutting Tool 2017 YTD Consumption up 5.8% in May

May U.S. cutting tool consumption totaled $191.93 million according to the U.S. Cutting Tool Institute and the AMT. With a year-to-date total of $908.04 million, 2017 is up 5.8% when compared with 2016. read more

AerCap to Lease 10 Airbus A321s to Air Transat

Canadian leisure carrier Air Transat will take 10 Airbus A321neo LRs on a 12-year lease from aircraft lessor AerCap, making it the North American launch operator for the LR variant. read more

Baker Hughes: First Week July U.S. Rig Count Up 116.4%

According to Baker Hughes, the combined U.S. oil and gas rig count was at 952 on July 7, 2017, up 512 or 116.4% year-over-year. read more

Ship Financing Drops by $42.5B as Traditional Bankers Exit Market

According to Hellenic Shipping News, there was a $42.5 billion decrease in ship lending in 2016, partially attributed to the drop to the exit of Commerzbank and Royal Bank of Scotland from the market. read more

ACT Research: Class 8 Orders Rebound in June

According to an ACT Research report, Class 8 orders rebounded to 18,100 orders in June, up 39% compared to last year. read more

Machine Tool Orders Continue to Gain Strength

U.S. Manufacturing Technology Orders report for May 2017 showed gains for the month and year over year. May orders were up 3.1% over April and 21.8% over May 2016. read more

Vietjet Inks $464MM Agreement with German Operating Aircraft Leasing

German Operating Aircraft Leasing will finance Vietjet’s acquisition of four new A321 aircraft, worth $464 million. read more

John Deere, Kramer Partner on Material Handling Solutions

John Deere invested in German machinery manufacturer Kramer-Werke to provide material-handling equipment solutions for distribution through John Deere’s dealer network under the Kramer trademark. read more

AMH Equipment Market Value to Hit $44.68B by 2022

According to a report, the automated material handling equipment market is expected to reach $44.68 billion by 2022, growing at a CAGR of 7.9% between 2016 and 2022. read more

Truckload Turnover Rate Rises Slightly in Q1/17

The turnover rate at U.S. truckload fleets rose slightly in Q1/17 while remaining at historically low levels. read more

Global Agriculture Machine to Machine Market to Grow 47% by 2021

According to research from Technavio, the global agriculture machine to machine market is expected to grow at a CAGR of more than 47% from 2017 to 2021. read more

Research Projects 6.54% Growth in Global Truck Mounted Crane Market

According to new data from Research and Markets, the global truck mounted crane market will grow at a CAGR of 6.54% from 2017 to 2021. read more

Air Lease Delivers New Airbus A321neo to Novair

Air Lease delivered one new Airbus A321neo aircraft on long-term lease with Novair, from ALC’s order book from Airbus. read more

Caterpillar: Construction Retail Sales Improve, Mining Equipment Mounting Comeback

Caterpillar reported global retail sales of construction industries machinery for the three-month period ended May 2017 were up 11% compared to the same period in 2016. Mining equipment retail sales were down 3% for the May period year/year compared to 19% for the April and March periods. read more

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