Issue link: https://read.dmtmag.com/i/330408
Industry Beat 22 | www.cedmag.com | Construction Equipment Distribution | June 2014 Atlas Copco announced that Pine Bush Equipment Co. will carry Dynapac rollers, planers and pavers at all three of their locations (Pine Bush and Holmes, N.Y., as well as Newington, Conn.). Additionally, the dealer hosted an Atlas Copco powercrusher product demo in April, introducing the PC2 crusher and HS1 screen to Pine Bush. (Pictured left to right: Steve Boniface, CEO of Pine Bush Equipment, Kevin Keroack, branch manager of East Pine Bush Equipment Inc., Eric Amberson, Atlas Copco product line manager Powercrusher USA, Helmut Domes, Atlas Copco regional product manager for Powercrusher, and Maurice Hunter, business line manager of Atlas Copco Surface and Exploration Drilling) In other news, Atlas Copco was named one of the World's Most Ethical Companies by the Ethisphere Institute for the second consecutive year. The Knapheide Manufacturing Co. has introduced a new Sortimo by Knapheide brand and a new van equipment product family. Exxpand is a premier van storage solution with a new simplified assembly process. International Construction Prod- ucts (ICP) announced it is recruiting dealers for its Lonking brand line of excavators, wheel loaders and forklift trucks. International Construction Products (ICP) launched the Lonking line of excavators, wheel loaders and forklift trucks at the CONEXPO-CON/ AGG trade show in March. It also rolled out a distribution platform that offers quality equipment with proven Western components, a three-year full-machine warranty, 48-hour parts guarantee and three years of free Navman telematics. The Gorman-Rupp Co. has been named one of the 100 Most Trust- worthy Companies in America by Forbes. Each year, GMI Ratings compiles a list of the 100 most trust- worthy companies by reviewing more than 8,000 publicly traded companies in America. The companies are ranked based on a series of factors that reflect accounting and governance behaviors over the four quarters of the previous fiscal year. IronPlanet is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Bids for the Surplus Contract were based on a percentage of the sales price of the items, which IronPlanet estimates at $50-70 million of rolling stock annually. IronPlanet's high bid was equal to 75.29 percent revenue share to the DLA. The Surplus Contract has a base term of two years with four one-year renewal options. The Hertz Corporation's board of directors approved plans to separate into two independent, publicly traded companies. The two companies will be "Hertz," comprised of the Hertz, Dollar, Thrifty and Firefly rental car businesses as well as Donlen, a provider of fleet leasing and management services, and "HERC," the Hertz Equipment Rental Corporation. The separation is planned to be in the form of a tax-free spin-off to Hertz shareholders, and the company has received a Private Letter Ruling from the Internal Revenue Service that allows Hertz to separate the businesses in a tax-efficient manner. Hertz expects the separation of HERC to close by early 2015. Coface Collections North America, Inc. (CCNA), a comprehensive accounts receivable management agency, announced that it has rebranded to Altus as part of a global brand realignment strategy, effective immediately. AED has just endorsed Altus as its newest Preferred Provider, and AED member companies will receive a preferred rate of 25 percent contin- gency fee on first placements if a collection is made, versus the standard Altus rate of 33 percent; no upfront fee. Call or click for more information: moniquealexander@TrustAltus.com, (800) 318-6494 ext. 2212; www.TrustAltus.com Italian-based OSA Demolition Equipment announced it will enter the North American market working through their distribution partner, Cadeci International of Wellington, Fla. OSA will offer a full line of demolition attachments including hammers, scrap shears, crushers, cutters, pulverizers and grapples. Mark Woody, president of Palfinger North America was installed as the 50th president of NTEA – The association for the work truck industry. Woody accepted this responsibility at the President's Breakfast and Annual Meeting held in conjunction with The Work Truck Show 2014. Mark Woody