In somewhat surprising news, Komatsu Ltd., the world’s second biggest maker of construction and mining equipment, said sales in China are falling more steeply than anticipated, joining larger peer Caterpillar Inc. in flagging fraying Asian demand. Yes, the Asian demand was all the talk within the construction industry over the past 24 months, but just…
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy) Eagle Ford Shale production will jump 50 percent this year, hitting an average 844,000 barrels per day, according to an analysis by research and consulting firm Wood Mackenzie. And despite slumping natural gas prices, the northeast United States will double gas…
Demand for rented machines, such as this boom lift, has rental fleets gradually replacing units. As construction continues its slow recovery, sales of new construction machines are expected to remain muted next year, with flat to slightly positive movement in 2013, analysts say. The market expects rental companies and dealers that operate rental lots to…
Representatives with Expert Heavy Equipment today announced an initiative to expand into other segments of used equipment, such as wheel loaders, cranes and rock trucks. “The reason for this is the increase in demand for mining equipment,” said Milissa Wise, Director of Operations for Expert Heavy Equipment, whose company’s priority is to provide the best used equipment…
Representatives with Expert Heavy Equipment today announced an initiative it has started in order to create strategic partnerships with heavy equipment dealers in the Middle East. Milissa Wise, Director of Operations for Expert Heavy Equipment, whose company’s priority is to provide the best equipment at the absolute best pricing, explained that the Middle East is currently a…
There is no question that in today’s global economy, China’s behavior affects the rest of the world. This is especially true for mining companies whose business depends on China’s demand for commodities. So what happens with China’s rate of economic growth slows down? Both commodity prices and corporate investment decisions are directly affected. According to…
