Equipment Sector

Caterpillar Global Construction Equipment Retail Sales Improve for February Period

Caterpillar reported global retail sales of construction industry machines for the three month rolling period ended February 2017 were up 2% compared to declines of 8% and 12% for the previous three month periods ended January 2017 and December 2016, respectively. read more

Intrepid Closes B777 Leases with Philippine Airlines

Intrepid Aviation closed an agreement with Philippine Airlines for the long-term lease of two new B777-300ER aircraft, as a result placing the remaining two B777’s under its 2014 purchase agreement with Boeing. read more

Ritchie Bros. Sells $75MM Worth of Equipment at Fort Worth Auction

Ritchie Bros. reported that during its Fort Worth, TX auction more than 5,675 people registered to bid in person and online, purchasing 6,250 equipment items and trucks for roughly $75 million. read more

ACT’s February Trucking Index Shows Second Above-Trend Reading for 2017

The latest release of ACT’s for-hire trucking index indicated that February’s volume reading showed growth at a slower rate from January’s three-year high, falling 57.1 points. read more

ACT Research: February Trailer Orders Trail January

ACT Research’s preliminary estimate for February 2017 U.S. net trailer orders is 26,400 units. read more

DAE Acquires Portfolio of ATR 72-600s from GECAS

Dubai Aerospace Enterprise purchased a portfolio of ATR 72-600 aircraft from GE Capital Aviation Services, bringing DAE’s total total number of owned and committed ATR 72-600 aircraft to 57. read more

Bombardier Business Aircraft completes second Global 7000/8000 Test

According to Bombardier Business Aircraft, the Global 7000 and Global 8000 aircraft program's second flight test vehicle (FTV2) completed its initial flight. read more

U.S. Construction Equipment Rental Market to Reach $23B by 2024

According to a new research report by Global Market Insights, the construction equipment rental market size is expected to reach $75.18 billion by 2024. In addition, U.S. construction equipment rental market size is set to exceed $23 billion by 2024. read more

ACT Research: China Sees Heavy Duty Demand Increase in Q4/16

Domestic need for heavy trucks increased significantly in Q4/16, rising nearly 36%, albeit slower than Q3/16’s 51% year-over-year expansion, according to the most recent China Commercial Vehicle Outlook, jointly published quarterly by ACT and China’s State Information Center (SIC). read more

Boeing, CDB Aviation Lease Finance Announce Order for 30 737 MAX 8s

Boeing and CDB Aviation Lease Finance announced an order for 30 737 MAX 8 airplanes. The order, valued at $3.3 billion at current list prices, was previously unidentified on Boeing's orders and deliveries website. read more

January Manufacturing Technology Orders Drop 11.4% Y/Y

According to the AMT, U.S. manufacturing technology orders declined in January, dropping 40.7% compared to December and 11.4% compared to January 2016. read more

VistaJet Reports 26% Fleet Growth in 2017

VistaJet, which reached the 100,000-flight mark in its history, took on 15 brand new business jets in 2016, equaling 26% fleet growth. read more

U.S. Cutting Tool 2017 Consumption up 8.7% in January

According to the AMT and USCTI, January U.S. cutting tool consumption totaled $1373.05 million, which was down 8.7% compared to December 216, but up 8.7% on a year-over-year basis. read more

Engage Aviation Places Two CRJ200 to Apex Air, Delivered by Air Nostrum

Engage Aviation delivered the second of two CRJ200 to the business chartered flight services provider Apex Air on behalf of Air Nostrum. read more

Global Farm Equipment Market to Reach $368B by 2025

According to a new report, the global farm equipment market is poised to grow at a CAGR of roughly 10.2% over the next decade to reach approximately $368 billion by 2025. read more

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