Photo courtesy of IronPlanet Inc. IronPlanet argued that under the terms of the sale, it was due a 25% cancellation fee. Related Links: Equipment Dealers Jump Into the Auction Market Ten Minutes With Michael Kneeland, CEO of United Rentals Ritchie Bros. Auctioneers vows to appeal a trial jury's nearly $3-million judgment against the company for undermining online rival IronPlanet Inc.On Feb. 4, a Jackson County, Iowa, jury ordered Ritchie Bros. to pay $2,857,539, including $1.5 million in punitive damages, for breach of contract and intentional interference."We are disappointed with the jury's verdict," says Ritchie Bros. CEO Peter Blake. "We are
Related Links: Ten Minutes With Michael Kneeland, CEO of United Rentals Caterpillar Crawls Into Auction Territory Construction equipment dealers are increasingly bypassing third-party auctioneers to dispose of used machines themselves. The do-it-yourself auction strategy can both maintain valued customers and groom future buyers. It additionally enables dealers to forgo commission fees, which can run 12% to 15% of the final auction price although costs climb higher for smaller machinery and first-time clients, say industry experts. Equipment requiring pre-auction preparation and repair can increase total fees, too."Everyone wants to be in the auction business," says James J. Jeter, president IronPlanet Inc.,
Photo courtesy of Ford Named for the Greek god who holds up the Earth, Ford's Atlas takes trucks further into the digital age with handy telematics tools. Related Links: Meet Ford Transit, Heir to the Econoline Throne Test Drive: 2011 Ford F-150 General Motors and Chrysler's Ram division showed off new pickup trucks at this month's Detroit auto show, but Ford Motor Co. offered a look at a pickup of the future. Its Atlas concept incorporates smart technology that is designed to make work less stressful."It is a vision of where future Ford trucks could go," says Mike Levine, Ford
Photos courtesy of Ford Ford's 2014 Transit van promises to deliver 25% better fuel economy and more capability than the outgoing E-Series van. Photo courtesy of Ford Related Links: Meet Ford Transit, Heir to the Econoline Throne A Turbo Twist Comes To Ford's Commercial Van Like any tool, a commercial vehicle should be both functional and dependable, attributes often associated with Ford's best-selling E-Series work vans.Formerly known as Econoline, Ford's E-Series has been the top U.S. contractor van for decades. However, with such competitors as Mercedes' Sprinter, Nissan's NV and the forthcoming Fiat-based Ram ProMaster van, the E-Series' glory days
Photo by Tudor Van Hampton for ENR United hosted 230 equipment vendors at its annual management meeting, the first since its merger with RSC. Photo by Tudor Van Hampton for ENR Related Links: Post-Sandy Repair Crews Push On Why Contractors Are Renting More and Buying Less Instead of red and blue states, there were red and blue stores. It wasn't the same as holding a national election, but last year, Michael Kneeland, CEO of United Rentals Inc., was charged with the difficult task of merging RSC (whose brand color is red) and United (whose brand color is blue) to form
Related Links: GM's 2011 Heavy Duty Trucks Pack a Powerful Punch Test Driving the Last-Gen Chevy Silverado At first glance, the 2014 Chevrolet Silverado 1500 and GMC Sierra 1500 light-duty pickup trucks appear mildly evolved. A taller front end mimics current heavy-duty GM trucks, the track has been widened for greater stability, the doors have been reshaped to make the cabin quieter and the bulging wheel wells give the pickups a more rugged look.But how do they perform as work trucks? Three new engines are addressing that challenge, in addition to an interior with greater storage, a more flexible mix
Even as the world economy shows strains, India’s construction equipment industry is looking at signs of revival in its roadbuilding segment. As an indication that foreign investment is returning to the subcontinent, Swiss buildings equipment company, Ammann Group is planning to acquire a 70% share in Gujarat Apollo Industries Ltd., a leading Indian manufacturer of road construction equipment and materials plants. SchneiderAmmann Group will invest $51 million in Apollo's core business of asphalt mixing plants, road pavers, bitumen sprayers and compaction machines. The transaction will create a new company, Ammann Apollo India Private Ltd., responsible for the sale of the Ammann
Related Links: NYC Tower Crane Shifts To Recovery Robo-Glove Offers Tool Users a Stronger Grip The World's Biggest Supercranes Why Contractors Are Renting More and Buying Less Putzmeister, Schwing Become Chinese-Owned Companies Judge Acquits NYC Crane Owner Test Drive: Life On the Road With Natural Gas Concrete Goes To College When Superstorm Sandy toppled a tower crane working at a high-rise building in midtown Manhattan this fall, engineers immediately began searching for clues to ensure the site was safe. Within days, the partially collapsed crane was secure, and workers began a delicate process of removing the steel wreckage. The job
Photo by By Augusto Diniz/O Empreiteiro Bauma China, a large exhibition held on Nov. 27-30 in Shanghai, attracted more than 180,000 visitors from 141 countries. Photo by By Augusto Diniz/O Empreiteiro Zoomlion showcased a large mining shovel at the exhibition. Related Links: Chinese Heavy Equipment Digs In Globally Putzmeister, Schwing Become Chinese-Owned Companies China, which is now the world's largest market for heavy equipment, is slumping domestically but its machinery exports are expected to see 20% gains over 2011. Speaking at Bauma China, a large exhibition held on Nov. 27-30 in Shanghai, officials with China's Association of the Industry of
Photo courtesy Trevi S.p.A. For the trial, the Trevi team chose a site containing calcareous marl. Related Links: Foundation Flaws Make Wolf Creek Dam a High-Risk Priority Tiger SC-200 Hydromill Specs By excavating a slurry-trench panel 100 meters deeper than ever before, an Italian contractor hopes to grab a bigger share of the market for repairing leaking dam foundations. Trevi S.p.A. engineers claim the 250-m-deep trial wall, recently excavated near the company's Cesena, Italy, headquarters, sets the stage for the potential increased use of deep remedial cutoffs at troubled reservoirs.Trevi's aim for the trial on its new Soilmec Tiger SC-200
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