Hyster-Yale Group provides students with real-world AI experience in 2024 Kellogg Design Challenge
Representatives from HYG and Northwestern University judged submissions from 16 teams of MBA and engineering students in multi-stage innovation competition Representatives from Hyster-Yale Group joined Northwestern faculty from the Kellogg School of Management and Segal Institute for Design Innovation and industry leaders like IDEO, PwC and IA Collaborative to facilitate the 2024 Kellogg Design Challenge. As the platinum sponsor,...
Supervisory Board Extends CEO Rob Smith’s contract
Contract extended by five years until end of 2029. Hans Peter Ring, Chairman of the Supervisory Board: “Under Rob Smith’s proven leadership we will open the next chapter of the success story of KION.” The Supervisory Board of KION GROUP AG has extended Chief Executive Officer Rob Smith’s (58) contract by five years, ensuring his leadership until December 31, 2029. This decision underscores the Board’s unwavering confidence in Smith’s...
H&E Equipment Services completes acquisition of Lewistown Rental and affiliated companies
H&E Equipment Services, Inc. has announced the completion of its acquisition of Montana-based Lewistown Rental and three of its affiliated companies located in Havre, Glasgow, and Great Falls, Montana. The acquisition adds a comprehensive mix of equipment with an original equipment cost of approximately $28.5 million. Brad Barber, chief executive officer of H&E, stated, “With the addition of these four locations, H&E now...
Carolina Handling celebrates anniversary with 58 for 58 giveaway
Carolina Handling is celebrating its 58th anniversary in 2024 with a yearlong campaign entitled “Handling Hunger Together” to assist hunger relief organizations throughout the company’s five-state footprint. According to Feeding America, more than 44 million people in the U.S. face hunger each year, including 1 in 5 children. In 2022, 49 million people turned to food banks and other charitable organizations to help feed their...
Cromer Material Handling earns Diamond Award from Bobcat Company
Bobcat Company recognized Cromer Material Handling as a top-performing material handling equipment dealer with a Diamond Award at MODEX 2024. The Diamond Award is presented annually to select dealers by Bobcat Company for outstanding efforts and commitment within their respective regions. This year, Bobcat recognized 21 material handling dealers based on sales, volume and other dealer engagement metrics. Cromer Material Handling was...
H&E Equipment Services reports first quarter 2024
H&E Equipment Services, Inc. announced results for the first quarter ended March 31, 2024, with disciplined growth objectives contributing to double-digit improvement in rental revenues. FIRST QUARTER 2024 SUMMARY WITH A COMPARISON TO FIRST QUARTER 2023 Revenues increased 15.2% to $371.4 million compared to $322.5 million. Net income totaled $25.9 million compared to $25.7 million. The effective income tax rate was 26.5% compared...
Cavaion Baumann USA welcomes Paul Bilson as Director of Dealer Development and National Accounts.
Paul will lead the effort to strengthen the Baumann dealer network throughout the U.S. and Canada. National accounts will also fall under Paul’s responsibility. Paul comes from Hyundai Material Handling where he was responsible for directing dealer development, national accounts, and government sales. He was a key contributor to Hyundai’s rise in the North American market over the past twelve years. He has also been...
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