Leading heavy-duty equipment suppliers said soft demand for their products in North America weakened third-quarter results.
November 7, 2016Business, Equipment
Business Equipment Orders Drop by Most in 10 Months
Orders for business equipment fell in December by the most in 10 months, a sign U.S. companies were slashing capital investment even before the turmoil in global financial markets.
January 28, 2016Business, Equipment
Senate Panel OKs Tax Relief For Equipment, Alt Fuels
Senate Finance Committee members agreed on a broad package of tax-extension provisions before leaving the capital for summer break, including those important to trucking.
August 17, 2015Business, Equipment
Caterpillar Avoided $2.4 Billion Tax With Swiss Subsidiary, Senate Probe Finds
Caterpillar Inc. avoided paying $2.4 billion in U.S. taxes by shifting profits from a parts business to a subsidiary in Switzerland, according to a report released by a Senate investigative committee.
April 1, 2014Business, Equipment
Ritchie Bros.’ Second-Quarter Income Dips
Ritchie Bros. Auctioneers said its second-quarter profit slipped from a year ago to $30 million, or 28 cents per share, from $31.3 million, or 29 cents, a year ago.
August 6, 2013Business, Equipment
E&MU: Turbo Maintenance: Keep It Cool, Keep It Lubed
Turbochargers are not typically a red-flag item on fleet maintenance agendas, but straying from routine service can set the stage for catastrophic failure, manufacturers and maintenance experts said.
March 26, 2013Business, Equipment
Dana Introduces New Heavy-Duty Driveshaft, Axle
Truck and auto component maker Dana Holding Corp. said it introduced a new driveshaft and inter-axle shaft, designed for greater torque and durability.
March 13, 2013Business, Equipment
Ritchie Bros. Reports Lower 4Q, Higher Full-Year Income
Ritchie Bros. Auctioneers said its fourth-quarter profit slipped from a year ago to $22.1 million, or 21 cents per share, from $26.8 million, or 25 cents, a year ago.
February 27, 2013Perspective, Business, Equipment
Opinion: Timing Your Equipment Financing
Given today’s growing equipment demand and ongoing economic uncertainty, many businesses are finding noncash equipment financing to be a key acquisition strategy.
January 7, 2013Business, Equipment
Greenbrier’s 4Q Earnings Decline More Than 40%
Greenbrier Cos., which makes intermodal railcars and other freight equipment, said its fiscal fourth-quarter earnings fell more than 40% to $7.4 million as the market for some equipment eased.
November 14, 2012