Business Services: Page 271

Komatsu Cuts Full-Year Profit Outlook 17% as China Sales Drop

Major competitors in China -- Hitachi, Sany -- also trimmed outlooks, while Caterpillar raised profit expectations on rising North American and mining business

CNH Second Quarter 2012 Net Sales Top $5 Billion, Up 3%

Net sales increased 3% (9% constant currency basis) to $5.0 billion as firm global demand for agricultural equipment, on the back of favorable agricultural commodity prices, compensated for a more mixed trading environment in the construction equipment sector.

ALL Erection & Crane Rental Corp. Acquires 17 New Manitowoc and Grove Cranes

ALL Erection & Crane Rental Corp. announces the acquisition of two blockbuster Manitowoc/Grove packages, adding a total of 17 machines to its industry-leading rental fleet.

Wagner Rents Secures Future Location

Wagner Rents is among a handful of Pueblo, CO businesses targeted for relocation by the state to make room for the Interstate 25-Ilex interchange reconstruction set to start in 2013.

Coates Hire Owners Consider Floating the Company

Speculation has been rife that investment bankers had been appointed to advise on an initial public offering of Coates, which is partly owned by US private equity firm the Carlyle Group and Kerry Stokes' Seven Group.

Business Services

Whose Name Is on your Truck?

LaHood Launches Historic Expansion of Infrastructure Finance Fund

The new surface transportation bill provided $1.7 billion for TIFIA credit assistance, making it the largest transportation infrastructure finance fund in DOT history

Applications Reach Record Number for bauma China 2012

bauma China, the International Trade Fair for Construction Machinery, Building Material Machines, Construction Vehicles and Equipment will be taking place from 27 to 30 November 2012 in the Shanghai New International Expo Centre (SNIEC).

Manfredi's Machine Works

How Much Can Construction Equipment Sales Grow with only the Americas Driving?

Slowing growth in Asia and Europe have changed the players but not the outlook

Global Cat dealer sales crossed into positive territory about the same time as North America in mid-2010, and have shown healthy growth since then. But monthly gains have dropped to low double digits – up 11% in May but much lower than 20% and 30% growth rates reported last year.

Aveda Acquires Rental Assets, Opens New Texas Branch

Aveda Transportation and Energy Services, a leading provider of oilfield hauling services and equipment rentals to the energy industry, announced it has acquired selected assets of 1st Rate Energy Services Inc. and a privately owned company controlled by a director of 1st Rate.

Business Services

Equipment Finance Sector's Monthly Leasing and Finance Index Shows Positive Economic Activity

Equipment Leasing & Finance Foundation

The June Monthly Leasing and Finance Index shows new business volume up 10% year-over-year, up 29% month-to-month and up 14% year-to-date while the volume of financed equipment in June was the greatest for any single month since December 2008

This chart shows a year-over-year comparision of new business volume (in billions).

Caterpillar Reports Best Quarter in History and Raises 2012 Profit Outlook

Caterpillar - Cat

Second-quarter profit per share up 67%, sales and revenues increase 22%

Caterpill 10210679

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