Equipment Sector

U.S. Cutting Tool 2017 YTD Consumption up 3.5% in April

April U.S. cutting tool consumption totaled $168.03 million according to the U.S. Cutting Tool Institute and the Association For Manufacturing Technology. read more

Global Heavy Construction Equipment Market to Grow 7.7% by 2023

According to a new report from Research and Markets, the global heavy construction equipment market is expected to grow at a CAGR of approximately 7.7% until 2023. read more

U.S. Manufacturing Technology Orders Continue on Path to Recovery 

Manufacturing technology orders made year-over-year gains in April according to the latest U.S. manufacturing technology orders report from the Association for Manufacturing Technology. It was also the first month that orders showed gains year to date for 2017. read more

Modern Equipment & Supply Enters Heavy Equipment Rental Business

Modern Equipment & Supply established a rental fleet of Hyundai wheel loaders and excavators to serve its customers throughout Eastern Pennsylvania and New Jersey. read more

Global Oilfield Equipment Rental Market to Grow 3.87% by 2022

According to a new report from Research and Markets, the global oilfield equipment rental market is projected to grow at a CAGR of 3.87% from 2017 to 2022 and to reach a market size of $20.55 billion by 2022. read more

U.S. Durable Medical Equipment Market to Reach $70.7B By 2025

According to a new report from Grand View Research, the U.S. durable medical equipment market is expected to reach $70.7 billion by 2025. read more

Rotary Rig Counts Up 79% Y/Y, Permian Basin Counts Up 156%

Baker Hughes’ latest rotary rig count report showed North American rig counts at June 2, 2017 of 1,015, up 79% from 566 at the end of the same week in 2016. The Permian Basis rig count of 364 was up 156% year/year. read more

New Study Reveals Transportation Sector Still Struggling

A new study by PayNet shows the transportation industry continues to deteriorate, with default rates now approaching levels not seen since the tail end of the Great Recession. read more

Bombardier Delivers First CS300 Aircraft to SWISS

Swiss International Air Lines took delivery of its first CS300 aircraft at Bombardier’s facility in Mirabel, Canada, where the C Series aircraft are manufactured. read more

Ritchie Bros. to Sell 850 Graebel Van Lines Trucks and Trailers

Graebel Van Lines, a privately-owned moving company, shut down operations and will sell more than 850 of its trucks and trailers at Ritchie Bros. unreserved public auctions across the U.S. in 2017. read more

ACT: Used Class 8 Truck Sales Decline in April, Up 1% Y/Y

Class 8 same dealer used truck sales volumes dropped in April, breaking a three-month run of double-digit gains, according to the latest data from ACT Research. read more

Air Hamburg Becomes Launch Customer for Embraer Legacy 650E

Germany-based charter operator Air Hamburg is the launch customer for the new Legacy 650E from Embraer. Air Hamburg will expand its Embraer business jet fleet with an additional order for three new Legacy 650E. read more

ATA Truck Tonnage Index Falls 2.5% in April

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index slipped 2.5% in April, following a 1.1% decline during March. read more

Commercial Truck Market Leveled Out in April

Commercial truck analysts at J.D. Power Valuation Services noted that pricing of used commercial vehicles began to level out despite higher volume during April 2017. read more

CAT Global Construction Equipment Sales Improve Over Last 3 Months

Caterpillar reported global retail sales of construction industry machines for the three-month period ended April 2017 were up 8% compared to 7% and 2% increases for the previous three-month periods. read more

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