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Market Analysis
Industry News: Page 227
Industry News
CNH First Quarter Revenues up 17%
CNH Industrial
CNH's first quarter 2018 revenues increased from the previous year, with Agricultural Equipment sales increasing 15% and Construction Equipment sales up 36%.
On-Highway
Kenworth Exhibits Latest Technology and Developments for Emissions Reduction at ACT Expo
Kenworth Truck Company
Kenworth exhibited its T680 HECT (Hybrid Electric Cargo Transport), and T680 ZECT (Zero Emission Cargo Transport).
Construction
Grand Paris Demonstrates Volvo Group’s Ability to Support World’s Largest Projects
Volvo Construction Equipment
At INTERMAT 2018, the Volvo Group announced it is working together in order to meet the demands of the Grand Paris project – Europe’s largest construction site.
Agriculture
AGCO Reports Improved First Quarter Results
AGCO Corporation
AGCO first quarter sales increased 23.3% compared to the first quarter of 2017, and retail tractor sales are expected to increase modestly in 2018.
Forestry & Lawn
Sales of Lawn and Garden Machinery Declined 0.6% in the First Quarter
FederUnacoma | Italian Agricultural Machinery Manufacturers Federation
The prolonged winter weather in Italy in the first quarter of 2018 reduced the demand for machinery and equipment for gardening and the maintenance of greenery.
Fuel Tanks & Systems
Agility Fuel Solutions ProCab H Hydrogen Storage Systems
Agility Fuel Solutions (formerly Agility Fuel Systems)
Agility Fuel Solutions' ProCab H hydrogen storage systems require only 31 in. of rail space behind a truck cab.
On-Highway
EU Commercial Vehicle Registrations Decline 2.5% in March
European Automobile Manufacturers Association (ACEA)
ACEA reports commercial vehicle registrations declined in March, but were up 2.6% for the first quarter of 2018.
Industry News
Secretary Perry Announces up to $78 Million for Bioenergy Research Funding Opportunities
The United States Department of Energy (DOE)
The DOE has announced four funding opportunities to support early-stage bioenergy research and development.
Automated Systems
RCT’s Guidance Automation Improves Mining Productivity for IGO’s Jaguar Operation
Remote Control Technologies Pty Ltd. (RCT)
Since implementing RCT's Guidance Automation Solution, IGO has experienced a 32% improvement in cycle times when bogging on long tram routes.
On-Highway
FTR Reports April North American Class 8 Orders Dropped from Exceptionally Strong March
FTR Transportation Intelligence
Class 8 orders dropped in April, as expected, but were still 50% above April 2017 as fleets continue to add capacity as fast as possible.
Industry News
Kobelco Exhibits Range of Machinery at INTERMAT 2018
KOBELCO Construction Machinery America LLC
Kobelco Construction Machinery Europe exhibited several pieces of equipment including its SK210HLC-10 Hybrid and new SK400DLC-10 Demolition Machine.
Trends
Anheuser-Busch Places Order for 800 Hydrogen-Electric Powered Semi-Trucks with Nikola Motor Company
Nikola Corporation
The estimated carbon reductions gained from these 800 trucks will reduce the brewer’s carbon emissions from logistics by more than 18%.
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