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.



Brandt Completes Cervus Deal, Creates International Equipment Dealer Powerhouse

Brandt Tractor Ltd. , a wholly owned subsidiary of the Brandt Group of Companies, announced that it has successfully acquired Cervus Equipment Corp. , following a 97.66 percent endorsement for the deal in an Oct....


National Equipment Dealers Expands to Georgia With Acquisition of Savannah-Based Grove River Machinery

Grove River Machinery, located in Richmond Hill, Ga., just outside of Savannah, is now a National Equipment Dealers LLC (NED) company. On Oct. 21, 2021, NED LLC finalized the acquisition of Grove River Machinery, which will expand the NED organization into the state of Georgia, where the company hopes to grow more in the future....


LeeBoy Signs Three Dealers in Virginia

LeeBoy recently announced it has signed on three new dealers in Virginia. Power Equipment Company has taken on 11 counties in western Virginia. Valley Supply will be handling 16 counties in northern Virginia and Richmond Machinery will be carrying LeeBoy products for the remainder of the state....


Volvo CE Boosted by Solid Growth Outside China in Q3

Despite a dip in sales in China, Volvo Construction Equipment (Volvo CE) continues its improved profitability with a strong performance across all other regions and a rise in services for Q3, 2021. Due to continuing high levels of investment in both infrastructure refurbishment and more sustainable products of the future, Volvo CE has increased its net sales by 11 percent....


Four Heavy Equipment Dealerships Rebrand Under One New Name With New Logo

Since its establishment in early 2018, National Equipment Dealers LLC has grown to 13 locations across four states. Over the last few years, Four Seasons Equipment located in Texas, MAY-RHI in the Carolinas, Richardson Services 1991 Inc....


VIDEO: Woods CRW Holds Two-Day Open House in Carlisle, Pa.

Woods CRW held a two-day open house Oct. 7 and 8 in Carlisle, Pa. The event was held not only to showcase the company's crane lines in Carlisle, including Link-Belt, National Crane, Maeda and Shuttlelift, but also equipment from its earthmoving division, which includes Link-Belt and Mecalac....


KSM Promotes Kunin to Vice President

Following the promotion of John Arapidis to president and CEO of Kirby-Smith Machinery Inc. (KSM,) the heavy equipment distributor has found a successor for Arapidis' previous role, recently naming Mike Kunin as vice president of National Accounts....


Vocational Truck Prices Up 35 Percent in U.S. According to Ritchie Bros. Market Trends Report

Ritchie Bros.' October Market Trends Report continues to show positive pricing trends across all its equipment indexes, with vocational truck prices up 35 percent in the United States, while truck tractors and medium earthmoving are up 46 percent and 38 percent respectively (for the three months ending Sept....


Florida Coast Equipment Continues Historic Growth With Addition of Three Kubota Dealership Locations

Despite a nationwide inventory and labor shortage affecting every industry from groceries to clothes to heavy equipment, Florida Coast Equipment is continuing its historic growth with the addition of three new locations in Florida, making them the one of the country's top Kubota dealerships, the company announced....


Common Ground Alliance, Gold Shovel Association to Explore Establishment of New CGA Arm

Common Ground Alliance (CGA), the national nonprofit trade association dedicated to protecting underground utility lines, people who dig near them and their communities, and the Gold Shovel Association (GSA), a nonprofit association focused on continuously improving safety by providing meaningful damage prevention certifications and standardized performance metrics, announced they will explore establishing a new arm of CGA that will integrate GSA into the organization in a continued and combined effort to reduce damages to critical underground infrastructure and protect those who work and live near these important assets....