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Business News

Keep up to date on the latest construction industry trends, in the US and internationally, and how it may impact your business. Stay informed with press releases, research, and opinions to help get the most out of your investment. We highlight small and large projects to keep you abreast of the happenings in the industry, and construction industry statistics to help your company avoid mistakes and find the best solutions to problems that arise.



CNH Industrial Ceases Sale of Construction Equipment in China

CNH Industrial announced that effective Dec. 31, 2022, it will cease all construction equipment sales activities in China. In the course of 2021, sales of construction equipment in China totaled approximately $88 million, and CNH Industrial does not expect to incur significant charges in connection with the cessation of its construction equipment sales activities in China....


US Service Group Acquires Assets, Operations of Dalton Rigging and Transport

US Service Group LLC (USSG), a New York-based industrial services company, has acquired all of the assets and operations of Dalton Rigging and Transport Inc. of West Hartford, Conn. Dalton Rigging provides a broad range of rigging and transportation services to customers throughout Connecticut and Massachusetts....


Deere Reports Net Income of $2.246B for Q4, $7.131B for Fiscal Year

Deere & Company reported net income of $2.246 billion for the fourth quarter ended Oct. 30, 2022, or $7.44 per share, compared with net income of $1.283 billion, or $4.12 per share, for the quarter ended Oct....


Gilbert Products, Alessi Equipment Form Partnership

Gilbert Products announced its new partnership with Alessi Equipment Inc. for the distribution of its construction equipment in the eastern portion of the United States. Together, the companies will work on consolidating the U.S....


LeeBoy Promotes Broome to Senior Product Manager

LeeBoy has promoted Chris Broome to the position of senior product manager. Broome joined LeeBoy in 2017 and has since continued to increase his knowledge and expertise of LeeBoy products, according to the company....


Alliance With SANY Sets Ironpeddlers On Pathway to Success

Ironpeddlers, a construction and road equipment dealer based in the Charlotte-Monroe market in North Carolina, has thrived for most of the past 48 years as a family-run company noted for offering used machines and parts, along with a close working relationship with its customers....


Peer Executive Groups Reveals Top Gun Award Winners

Peer Executive Groups (PEG) revealed the order of the Top Gun Award winners at the Meeting of the Minds Conference (sponsored by Genie) and Top Gun Recognition Dinner (sponsored by Rouse) in Scottsdale, Ariz., on Nov....


Ritchie Bros. Shows Rise of Compact Earthmoving Equipment in November Market Trends Report

With its November Market Trends Report, Ritchie Bros. takes a closer look at sales of earthmoving equipment in North America, including excavators, dozers, wheel loaders, skid steers and more. One of the main trends the company is seeing is the continued rise in popularity of compact earthmoving equipment....


Greg Higgins Named SVP – Legal & Compliance, General Counsel of Mack Trucks, Volvo Trucks North America

The Volvo Group announced that effective Jan. 1, 2023, Greg Higgins has been named senior vice president — legal and compliance, general counsel and secretary of Volvo Trucks North America and Mack Trucks....


Jonathan Randall Named President, Mack Trucks North America

Mack Trucks announced that Jonathan Randall has been named president of Mack Trucks North America, reporting to Martin Weissburg, global president of Mack Trucks and chairman of Volvo Group North America, effective Dec....







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