Cat North American dealers report 14% retail sales growth in Dec.; global construction equipment growth slows to 6%

Caterpillar’s North American dealers reported that retail sales were up 14 percent in December, compared with a three-month rolling period during the same period in 2017.

North American dealer results lagged only the retail statistics reported in Cat’s Latin American region, which posted 51 percent growth in December in its Resources division (large mining, quarry, waste and material handling equipment) sector.

Globally, Cat dealer sales were up 10 percent compared with the same period in 2017.

Reviewing Cat’s Construction Industries results, North American dealers were up 9 percent in December, the first single digit growth number in all of 2018, which reached heights of 30 percent growth in August, compared with the previous year.

The Construction Industries segments includes equipment used in heavy and general construction, rental, quarry and aggregates and mining.

Throughout the world, the company’s construction industries segment is showing continuing signs of slowing down, dropping from a 30 percent high in January, 2018 to a 6 percent growth in December.

According to Cat, this retail sales summary is primarily based on unaudited reports that are voluntarily provided to Cat by its independent dealers. These dealers are not subject to Cat’s internal financial reporting processes.

Because of this, Cat cautions, “the information presented in this report is intended solely to convey an approximate indication of the trends, direction and magnitude of retail sales and is not intended to be an estimate, approximation or prediction of, or substitute for, Caterpillar’s audited financial statements.”

from Equipment World http://bit.ly/2FZPAho
via Handy Rep Ai

Comments

List of Best Construction Companies in Bengaluru

Bangalore city which is now renamed as Bengaluru city is one of the biggest IT hubs in India. Bengaluru city has attracted many top construction companies in India to construct huge IT parks across the Bengaluru city. We have compiled a list of best construction companies in Bengaluru so that job seekers who are looking for civil engineering jobs can directly visit the job page of this top construction companies in Bengaluru and apply to appropriate jobs. Scope of top construction companies in Bengaluru Apart from building big IT parks, these leading construction companies in Bengaluru are also involved in construction of residential apartments in Bengaluru area, flats in Bengaluru city, big retail outlets in Bengaluru, hotels in Bengaluru, malls in Bengaluru, commercial spaces in Bengaluru etc. That is why in addition to big construction companies in Bengaluru, this city has also attracted top Architecture companies in India, best construction contractors in India, top scaffoldin...

Toro unveils ‘first of its kind’ Dingo TXL 2000, a stand-on loader with extendable arms

Telescoping arms with a wide reach and a doubled load capacity are key features of Toro’s new Dingo TXL 2000, which is in development. A new compact utility loader in development by Toro was the talk of the American Rental Association show in New Orleans, with passers-by eying the long reach of the vertical telescoping loader arms on the Dingo TXL 2000. The gleaming red prototype represented this model’s debut, and plenty of dealers and contractors got a peek of what’s to come with this machine, which is the first of its kind, according to Toro. “This machine won’t be out until the late part of 2018, and why we’re introducing it here is because it’s our 20-year anniversary of the Dingo product line,” Kevin Conry, senior marketing manager at Toro Siteworks in Bloomington, Minnesota, had explained during the show held February 19-21. Related Toro intros Dingo TX 1000, positions strongest CUL as skid steer, CTL alternative at ICUEE (PHOTOS) The construction firms ...

Wash. construction workers strike for higher pay in battle with contractors

A union member pickets outside new Port Townsend elementary school in Jefferson County, Washington. Jefferson County government’s Twitter feed indicates the strike has cast doubt on whether the school will open as scheduled on September 4. Photo credit: Jefferson County Union construction workers in western Washington, which includes Seattle, went on strike at 6 a.m. August 21 and remain locked in a battle with local contractors over wages, hours and working conditions. The striking workers include crane operators who work in Seattle’s crane-dotted skyline, as well as workers in paving, concrete pumping, dirt work, hoisting and material handling. News reports say the strike has brought many large construction projects to a halt or slowed them. Seattle has the most cranes of any U.S. city, at 65, according to the latest Rider Levett Bucknall North America crane index report . As the strike enters the second week, the Associated General Contractors of Washington, which is negotiatin...

Handy Rep Ai

Search This Blog