Industry News - 2018

Ritchie Bros.' Edmonton equipment sales up 15 percent for 2018

More than 41,400+ items were sold for CA$639+ million over six auctions in Edmonton this year

Ritchie Bros. held its sixth and final auction of the year in Edmonton this week, selling CA$82+ million (US$62+ million) of equipment and trucks over three days, bringing its 2018 total to 41,400+ items sold for CA$639+ million (US$491+ million)—up 15 percent from 2017.

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Dec 14, 2018 - 6 years ago
Five Roads Of The Future

In the past 50 years there have been huge advancements in the automobile industry but the roads we drive on remain nearly unchanged. As cars get smarter so too should the infrastructure that supports them.

Our planet is covered in roads. And by 2050 our global network of highways is projected to increase by 60%. Volvo Construction Equipment takes a trip down the roads of the future to look at some incredible innovations and find out just how design, materials and use will adapt in the years to come

1. PLASTIC ROADS

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Dec 13, 2018 - 6 years ago
Doosan Infracore North America Opens 100,000-Square-Foot Parts Distribution Centre In Georgia

Doosan Infracore North America, LLC, a leading manufacturer of heavy construction equipment, is proud to announce it is opening a new 100,000-square-foot parts distribution centre, serving its dealers and Doosan customers in the United States and Canada.

Strategically located, the new parts distribution centre allows Doosan Infracore North America to provide both dealers and customers with better service options, deeper inventory and faster parts delivery. The parts distribution centre is located adjacent to the Doosan Infracore North America headquarters in Suwanee, Georgia, situated approximately 30 miles northeast of Atlanta.

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Dec 13, 2018 - 6 years ago
Finning To Acquire 4Refuel, The Canadian Leader In Mobile On-Site Refueling Services

·                  4Refuel is the leading mobile on-site refueling company in Canada, supporting customers in the construction, transportation, oil & gas, power generation and other industrial sectors.

·                  4Refuel provides a mission critical solution with 24x7 service coverage that improves customer productivity, lowers total cost of equipment ownership, and enhances safety across all equipment brands.

·                  Purchase price is approximately $260 million, which equates to 7.8 x 2018 estimated EBITDA(1)(2), excluding synergies.

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Dec 12, 2018 - 6 years ago
Minister Garneau introduces new fatigue regulations to make air travel safer for all Canadians

NEWS PROVIDED BY

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Dec 12, 2018 - 6 years ago
Mack Defense Showcases Mack Granite-Based M917A3 Heavy Dump Truck At AUSA 2018

Mack Defense recently showcased the Mack Granite-based M917A3 Heavy Dump Truck (HDT) at the Association of United States Army (AUSA) 2018 show at the Walter E. Washington Convention Center in Washington, D.C. Mack Defense was awarded a $296 million contract in May 2018 to produce 683 HDTs for the U.S. Army.

“The M917A3 is a great example of the capabilities Mack Defense has to develop solutions for military customers,” said David Hartzell, president of Mack Defense. “Using the rugged Mack Granite as a foundation, we were able to engineer the M917A3 to meet the U.S. Army’s challenging applications.”

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Dec 11, 2018 - 6 years ago