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Industry News: Page 291

Market Analysis

Agricultural and Construction Industries to see Modest Recovery in 2017

Power Systems Research

Power Systems Research reports that the global agricultural market will see a 2% gain in 2017 while the construction industry will increase 3.4%.

Nova Bus Equips City of Montreal with First Fully Electric Buses

Nova Bus has provided Montreal with three fully electric buses which will operate as part of the Montreal City Mobility project to test and validate alternative energy vehicles.

Three Nova Bus LFSE 100% electric buses will operate in the city of Montreal as part of the city mobility project.

TNT: Trimble Extends Precision Ag Capabilities

Müller-Elektronik will enable Trimble to expand its precision agriculture capabilities from vehicles to implements.

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LiuGong Wheel Loader Sales Exceed 350,000 Units

LiuGong Machinery Corp.

LiuGong recently celebrated the fact it has now sold over 350,000 wheel loaders worldwide.

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Hyundai Construction Equipment Aims to Enter Top 5 Ranking by 2023

Hyundai Construction Equipment Americas Inc.

Hyundai aims to becomE one of the top 5 global players within the construction equipment market by improving its product qualities and expanding into new overseas markets.

Hyundai Construction Equipment announced its goal of becoming a top 5 player by 2023 at the 2017 CONEX Korea show.

Volvo CE Celebrates Budding Operators at SkillsUSA Equipment Competition

Volvo Construction Equipment

Volvo CE participated in the SkillsUSA Pennsylvania State Heavy Equipment Competition to help encourage young people to pursue skilled professions in the manufacturing industry.

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FTR Schedules State of Freight Webinar: Key Issues in Transportation

FTR Transportation Intelligence

FTR's next State of Freight webinar will cover key issues in transportation such as disruptive technologies and infrastructure investment.

Volvo Trucks Honors Military Heroes with New Volvo VNR “Ride for Freedom” Truck

Volvo Trucks North America

Volvo's New River Valley assembly plant in Virginia has created a VNR 640 model with special graphics saluting America's military heroes.

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Robots Bring Data to Ag Industry

Many agricultural robotic companies are graduating into the market and are in the process are transforming the value chain of agriculture.

This data shows the investment in nearly 40 select farm data management and analytics companies. Evidently, interest in the past three years has risen. Note that some companies are yet to raise funds. Note that we excluded FarmEdge which raised $120m in 2016 since it was significantly more than data analytics. Further note that many drone and all agriculture robotic are excluded. Acquisitions are also not included.

April EU Commercial Vehicle Registrations Decline 7.2%

European Automobile Manufacturers Association (ACEA)

ACEA reports EU commercial vehicle registrations in April declined 7.2%, with decreased demand seen in all segments except for buses and coaches.

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Daimler Trucks North America Celebrates Opening of High Desert Proving Grounds

Daimler Truck North America LLC

Daimler's new proving grounds will help merge real-world validation with R&D efforts, and be a key part of its ongoing testing of truck platooning and autonomous vehicle technologies.

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Deutz-Fahr Opens New State of the Art Tractor Factory

Deutz-Fahr has opened a new, modern tractor factory which will produce its 6, 7 and 9 Series tractors.

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