Equipment World

September 2017

Equipment World Digital Magazine

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September 2017 | EquipmentWorld.com 14 A poll conducted by the Association of Equipment Manufactur- ers (AEM) in partnership with YouGov finds that 89 percent of Americans in rural, suburban and urban communities feel infrastructure investment will lead to an improved U.S. economy. Eighty-two percent believe investments in infrastructure will increase the number of jobs in their communities, and 81 percent agree such investments will improve their quality of life. There was little difference in the numbers when broken down by urban, rural and suburban respondents. Half of respondents believe the transportation industry will benefit the most from infrastructure investment. Ranking second was con- struction at 46 percent, followed by manufacturing at 30 percent. For more poll details, go to aem.org. A U.S. House bill that would delay the compliance date of the looming electronic logging device (ELD) mandate until Decem- ber 2019 is not expected to pass, as larger issues – such as tax reform, raising the debt ceiling and 2018 appropriations, to name a few – suck up Congressional time and energy. Meanwhile, the Fed- eral Motor Carrier Safety Administration has posted new guidance for the ELD mandate that exempts trucks equipped with model year 2000 engines and older from adhering to the mandate, regardless of the model year of the truck. However, if a truck's model year is older than 2000, but the engine model year is newer than 2000, the driver must adhere to the ELD mandate. reporter | staff report AEM poll: Across-the-board desire for infrastructure improvements ELD delay not likely, but older trucks exempt Briefs For more on each of these stories go to equipmentworld.com. Wacker Neuson reports an 11-percent increase in second quarter 2017 revenue of $501.5 million. Profit for the quarter grew 31 percent compared to second quarter 2016. Volvo Construction Equipment says its second quarter 2017 net sales grew by 36 percent, compared to the same quarter last year, to $2.23 billion. Volvo also reports second quarter order intake increased 54 percent, with deliveries growing 49 percent to 17,472 machines. Caterpillar's second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response, the company released an improved outlook for the remainder of the year. The second quarter also brought good news for Caterpillar's largest distributor, Finning International, which saw revenue jump 21 percent to $1.58 billion, compared to the same period last year. The surge was driven by a 46-percent increase in new equipment sales on a consolidated basis. CNH Industrial, parent company of Case Construction Equipment, reported a rev- enue increase of 2.9 percent to $6.9 billion for second quarter 2017 compared to 2016. Adjusted net income rose 23 percent to $266 million. Bomag Americas has named Shaw Sweet as vice president of sales and marketing, with re- sponsibilities over dealer and rental sales teams, marketing, product management and new business development. Sweet will be based at Bomag's new North American headquarters in Ridgeway, South Carolina. Stephenson Equipment Incorp- orated (SEI) is acquiring Walsh Equip- ment. Walsh will operate as a division of SEI out of its two Pennsylvania locations. The combined companies give Harrisburg, Pennsylvania-based SEI eight locations and 185 employees. (continued)

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