AED News

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Metso Announces Closure of Manufacturing Plant in York, Pa.

August 25, 2015 5:24 pm

Metso continues to transform its mining business operations and announces the closure of the manufacturing operations at the York, Pa., USA plant as of March 31, 2016. The decision affects approximately 80 employees currently employed at the plant. Metso’s other business operations operating out of the York offices will not be affected and the company will continue to offer Metso’s full scope of engineering, equipment and services to its customers.

 “The mining industry is changing their business model to cope with the current market outlook. This is a permanent change in the mining industry and we need to find new and more more »

Scott Equipment Takes Delivery of 1000th GR-1000XL

August 25, 2015 4:31 pm

Scott Equipment of Monroe, La. recently took delivery of a special Tadano GR-1000XL rough terrain crane in Houston, Texas. This crane was the 1000th unit of this popular Tadano crane model produced at the Shido manufacturing plant in Japan. Despite early production delays due to the March, 2011 Japan earthquake this milestone was reached in just under four years. Tadashi Suzuki, Executive Vice President, Tadano Ltd. made remarks to attendees that included Scott Equipment’s President, Scott Cummins and Executive Vice President, Curley Bordelon.

“Scott Equipment is a major player in the sales and rental of rough terrain cranes in the Gulf Coast market more »

Executive changes underway at Terex Corporation

August 25, 2015 2:25 pm
Tim Ford, president of Terex Cranes, is leaving the company, opening the door for  Ken Lousberg, currently president of Terex China, to take over his role, parent company Terex Corporation announced on Wednesday.In addition to retaining responsibility for operations in China, Lousberg will be in charge of the company’s Latin American operations.

Terex will hire a country leader for China to help coordinate business in the there. The new hire will report to Lousberg, who has held various senior management positions in Terex since joining the company in 2002 with the acquisition of Genie.

The company also named George Ellis as senior vice president of more »

Former Liebherr President Passes Away

August 24, 2015 5:13 pm

Duane Wilder, 62, passed away on August 13th while resting in his home in Williamsburg, Va. Duane was a respected businessman who started his career as a young co-owner of Alpena Ford Tractor, before marrying and moving to Iowa to launch a career with J.I. Case Corporation in their Manager Training program. Duane’s work ethic, business sense and friendly nature led to the first of many promotions in his career when he became Retail Operations Manager, North America for J.I. Case in Racine, Wis. He would continue to rise and lead multiple agricultural and heavy equipment companies to significant growth, including his more »

FTR: Trailer orders down in July, but up from year ago

August 24, 2015 5:06 pm

Freight-industry research firm FTR said on Wednesday that July U.S. trailer net orders totaled 20,400 units, 24 percent below June’s total, but still 13 percent higher than July 2014. 

Overall, Don Ake, FTR’s vice president of commercial vehicles, said the market looks stable for now. 

“We have indications that the market is peaking, but there is no evidence that it is going to drop significantly next year. It looks like a soft landing in general,” Ake said. “However, certain trailer segments are being hard hit by the pullback in the energy industry and weaker manufacturing.” 

The month-over-month decline was particularly impacted by a drop more »

Residential loans up 23 percent this year

August 24, 2015 5:00 pm
A total of 1,950,267 loans were originated on single-family homes and condos in the second quarter of 2015,  up 23 percent from a year ago to the highest level since the third quarter of 2013, RealtyTrac said last week.

Data compiled in the company’s “Q2 2015 U.S. Residential Loan Origination Report” showed that loans for single-family homes and condos were up 22 percent from the previous quarter of this year.

“The rise in loan originations particularly the sharp rise in FHA purchase originations indicates the FHA premium reduction at the end of January really is having a big impact, pushing people off the fence to purchase,” more »

Increasing home values impact second quarter affordability

August 24, 2015 4:59 pm
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), many housing markets have had rising home prices, which caused a modest drop across the U.S. in housing affordability for the second quarter of 2015.

“Home price appreciation in many markets across the nation are a sign that the housing recovery continues to move forward,” NAHB Chairman Tom Woods, a home builder from Missouri, said. “At the same time, the cost of building a home is rising due to higher costs for buildable lots and skilled labor.”

Between April and June 2015, 63.2 percent of existing and new homes more »

Pacific STIHL celebrates grand opening of new, larger facility

August 24, 2015 4:46 pm

Pacific STIHL, a division of STIHL, Inc., recently held a ribbon cutting and building dedication ceremony to recognize the company’s move to its new facility in Visalia, Calif.

After approximately six months of building office space and installing conveyors and racking, the company has moved into the facility.

The new building almost triples the company’s square footage, amounting to an estimated 140,000 square feet. The facility is placed on eight acres and has graduated from eight dock doors at its last facility to 18 dock doors. Now the company can continue fulfilling dealer orders the same day.

This is the second time that Pacific more »

Canadian Prime Minister Candidates Debate

August 18, 2015 1:47 pm

August 18, 2015 –On August 2, 2015, Prime Minister Stephen Harper asked the Governor General to officially issue writs to Returning Officers, commencing the longest election campaign in modern Canadian history.

The Conservatives, who planned the lengthy campaign to their advantage, have been quick on releasing campaign promises ranging from home renovation and apprentice tax credits to further restrictions on those traveling to regions controlled by terrorist organizations. The opposition parties (NDP, Liberals, Green Party and Bloc Quebecois) are continuing with key messages from their previously released platform pieces but have yet to introduce any significant policy following the writ drop.

First Debate

The more »

Manitou to Drop CE Attachments Name in Favor of EDGE

August 17, 2015 8:37 pm

 

August 18, 2015 — Since the merger of Compact Equipment Attachments, Inc. (CE Attachments, Inc.) into Manitou Americas, Inc. in 2013, EDGE has emerged as the primary brand name associated with the attachment needs for Gehl and Mustang products. Over the course of the next few months, the “CE Attachment” name will be removed from EDGE branded products and replaced exclusively with the EDGE brand name. Despite this transition, the EDGE brand will continue to provide the same products and services which have built its strong reputation throughout the industry. The www.ceattachments.com website will remain active and up-to-date with EDGE branded more »

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