Frank Manfredi, president of
Manfredi & Associates Inc., has been a consultant to the heavy-equipment industry for more than 35 years, during most of which he has published a monthly newsletter, Machinery Outlook, which is seen as a critical source of information about the construction, mining, agricultural and material-handling machinery markets.
First-half industry revenues are down 4.6% but climbing North American retail sales of Caterpillar and Komatsu machines will support 5% to 10% industry growth
Rental companies are behaving more like equipment dealers, with the major difference being that dealers have a transactional business model and rental companies have a cash flow business model.
The rise in operating expenses is not trivial, but the full impact of the regulations probably will not be felt until 2015 at the earliest
The earthmoving equipment industry is starting to change at a surprisingly fast rate as information and electric control technology becomes integrated into machine designs
Hertz just announced it will spin-off its Hertz Equipment Rental Corporation (HERC) to shareholders, while Volvo just completed the sale of its equipment rental business, Volvo Rents, to Platinum Equity Partners. What's going on?
Frank Manfredi, a leading construction industry consultant, shares his prognosis for construction in the coming year and its impact on equipment acquisition trends.
Two big moves in one week signal continued refinement of Volvo Construction Equipment's business priorities
The equipment rental business is a major bright spot in an otherwise lackluster U.S. business environment
With half a year under our belts it appears the 2013 construction equipment rental market will reach the $36.6-billion mark I predicted last year at this time, up 16% compared with 2012.
Companies closest to equipment users -- rental firms and dealers -- are doing well but economic uncertainty is keeping a lid on overall construction equipment demand
A couple of key challenges have dropped Cat's revenues 16%, but here's why that's no reason to panic
Rental business owners should be alert and aware of new regulations in the equipment industry in order to provide customers with products that meet the new legal requirements.
It is apparent that first-half 2013 construction equipment sales could be down 5% to 10% but a plausible second-half recovery result in 5% annual growth
Top construction-equipment makers' retail sales droop in virtually all regions compared to strength through 2012
When the bankruptcy judge welcomed creditors' proposals, Ahern's rhetoric escalated a simple reorganization into a fight for control of one of the nation's Top 10 rental companies
One million housing starts, energy construction strength plus rental growth expected to lead a gradually accelerating construction recovery
There’s an operational cost component in the switchover to Tier 4 engines that’s not too easy to anticipate. It’s anyone’s guess what those engines will cost to operate.
The equipment rental business hit a sweet spot in 2011 that continued well into 2012. In our opinion, the market will benefit from a number of tailwinds allowing it to continue growing at double-digit rates into 2014 and perhaps beyond.
Slowing growth in Asia and Europe have changed the players but not the outlook
A low-cost kit recalibrates the engines for use in countries that do not have ultra-low-sulfur diesel fuel available
The Fiat CEO has assumed leadership of CNH and is hunting acquisitions to boost the Fiat Industrial holding's share price
Used construction equipment values can be an efficient guide to determine how much to pay for a new machine.
US EPA diesel emission regulations could cut off developing nations as a market for used equipment
While the company has been manufacturing in the US for years, the new generation of JCB skid steers are the first machines designed specifically for North American users