LiuGong North America names new president
LiuGong North America (LGNA) has announced Mani Iyer as its new president, effective February 1, 2019. LGNA is a wholly-owned subsidiary of LiuGong Machinery which is a global leader in heavy construction equipment. Kevin Thieneman, LGNA chairman, said, “Mani Iyer’s track record in the equipment industry and his commitment to personal and professional growth is impressive. His ability to deliver business growth, his...
Komatsu announces purchase of forestry machine manufacturer TimberPro
On February 19, 2019, Komatsu America Corp., a wholly owned subsidiary of Komatsu Ltd. President and CEO: Tetsuji Ohashi, announced it has entered into a definitive agreement to acquire TimberPro, Inc. The acquisition is expected to close on April 1st 2019, subject to completion of the closing conditions. Established in 2002, TimberPro is a Wisconsin-based manufacturer of purpose-built forest machines and attachments, offering tracked...
Vecna Robotics unveils new Website
With a laser focus on providing intelligent, automated material handling solutions for warehouses and distribution centers, and delivering the first and only AI-based orchestration software, Vecna Robotics debuted a new website to serve as a resource for the growing industry. Vecna Robotics’ new website comes during a time of immense growth. Over the last year, the company has partnered with three out of the five largest...
2019 MHI Innovation Award Finalists announced
MHI just released the list of finalists for the 2019 MHI Innovation Award. After receiving 108 submissions for this year’s awards from ProMat 2019 exhibitors, six judges comprised of professionals from the material handling and supply chain industry completed the initial vetting process. Four finalists were chosen as the most innovative products in each category – Best New Innovation; Best Innovation of an Existing Product; and...
American Rental Association revenue forecast could reach $70.9 billion by 2022
The latest five-year forecast from the American Rental Association (ARA) calls for equipment and event rental revenues in North America to surpass $61.5 billion in 2019, including $55.8 billion in the United States and $5.7 billion in Canada, up 5.3% compared to 2018. Similar steady growth is expected in each of the successive years of the forecast to reach nearly $70.9 billion in revenue by 2022. The current figures, which are...
Toro to acquire Ditch Witch parent company
The Toro Company on February 15th announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth in the definitive agreement. The transaction is subject to regulatory approvals and...
Rail traffic for the week ending February 16, 2019
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 16, 2019. For this week, total U.S. weekly rail traffic was 523,915 carloads and intermodal units, down 3 percent compared with the same week last year. Total carloads for the week ending February 16 were 250,236 carloads, down 3.9 percent compared with the same week in 2018, while U.S. weekly intermodal volume was 273,679...
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