H&E Equipment Services revenues decrease 16.6% in second quarter 2020
H&E Equipment Services, Inc. just released results for the second quarter ended June 30, 2020. SECOND QUARTER 2020 SUMMARY Revenues decreased by 16.6% to $278.3 million versus $333.6 million a year ago. Net income was $8.8 million in the second quarter compared to net income of $22.6 million a year ago. The effective income tax rate was 26.9% in the second quarter of 2020 and 26.8% in the second quarter of 2019. Adjusted EBITDA...
ELFA 2020 Survey of Equipment Finance Activity reports new business volume grew 10.5% in 2019
New business volume grew 10.5% in the equipment finance industry in 2019, according to the 2020 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing and Finance Association (ELFA). The rise in new business volume marked the 10th consecutive year that businesses increased their spending on capital equipment. The 2020 SEFA covers key statistical, financial, and operations information for the $900 billion...
132 trainees set to launch their careers at KION Group in 2020
132 trainees set to launch their careers at KION Group in 2020 This year, the intralogistics group is offering 16 vocational apprenticeship courses and eleven-degree apprenticeship courses that open up a range of career prospects Including the most recent crop of vocational and degree apprentices, the KION Group’s German companies are currently training almost 600 young people The application and selection phase for training...
WERC to become a division of MHI
The Material Handling Industry (MHI) and the Warehousing Education and Research Council (WERC) announced today MHI’s acquisition of WERC which will offer expanded knowledge and educational resources to both association’s audiences. MHI has acquired the assets of WERC and will operate WERC as a division of MHI. WERC was founded in 1977 when a number of individuals from the distribution field came together in search of education,...
Ranko Equipment now offering LiuGong NA forklift advantages
Ranko Equipment of Des Moines, Iowa, is now an authorized dealer of LiuGong North America (LiuGong NA) Forklift Division’s product line. Eva Erixon, Ranko Equipment President, and co-founder said the line of forklifts offered through LiuGong North America adds to a full range of solutions Ranko offers its customers, many representing the agriculture industry. Erixon said: “We take pride in our service department that is very...
ALL Tower Crane adds three to fleet
Package includes industry-leading jib length, hook height, and capacity ALL Tower Crane, a division of the ALL Family of Companies, has added three new towers, each strategically chosen to align with emerging customer demand. Included in the purchase is a Liebherr 125 K fast-erecting tower crane with industry-leading jib length, hook height, and capacity. Also included are a Manitowoc Potain MR 418 luffing jib tower crane and a...
Rail Traffic for July and the week ending August 1, 2020
The Association of American Railroads (AAR) has reported U.S. rail traffic for the week ending August 1, 2020, as well as volumes for July 2020. U.S. railroads originated 1,042,017 carloads in July 2020, down 17.6 percent, or 222,337 carloads, from July 2019. U.S. railroads also originated 1,295,960 containers and trailers in July 2020, down 1.4 percent, or 18,403 units, from the same month last year. Combined U.S. carload and...
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