DirtJockey Weekly Digest - Friday, May 6th
May 6, 2016IEDA member Bottom Line Equipment breaks ground on new facility
Bottom Line Equipment Broke ground on their new location in Sulphur, LA on April 11. The new facility will house a full service heavy construction equipment and specialty attachment rental, sales and service center, making its fleet of over 1,100 machines more accessible to dealers across the Gulf Coast. The facility is expected to be in operation by May of 2017. Read More
Caterpillar Announces Grand Opening of 3D Printing and Innovation Accelerator
On March 31st, Caterpillar celebrated the grand opening of their 3D Printing and Innovation Accelerator in Illinois. The unit is comprised of three spaces: the Innovation Accelerator and Additive Manufacturing Factory, both in Mossville, IL, and the Cat MicroFoundry located in Mapleton, IL. The spaces work in conjunction to provide workers and researchers a place to explore new methods for designing and creating heavy machinery. Read More
FHWA’s loan to add 4 toll lanes to SH 288 in Houston
The Federal Highway Administration has allotted a $357 million Transportation Infrastructure Finance and Innovation Act loan to the Blueridge Transportation Group. These funds will be used to add four toll lanes to SH 288 in Houston, Texas. This will create several jobs amidst Houston’s already flourishing construction industry. Read More
Equipment rental industry stays on course for record revenues in 2016
The American Rental Association reported this week that the Equipment rental industry is staying the course for a projected revenue growth of 5.6% in 2016. This translates into a record $47.9 billion for the year. Read More
AmQuip Crane Rental and Maxim Crane Works Consolidate Operations
Apollo Global Management, LLC closed a deal this week that allowed them to acquire both AmQuip Crane Rental and Maxim Crane Works. Apollo plans to combine the two companies, giving them a total crane fleet of over 1,950 machines and a vast reach over North America. However, both companies will retain their names and current operations. Read More