All Business & Finance Articles

Scandiuzzi boosts fleet with Terex RTs
Pair of 80 tonne capacity rough terrains joins international engineering services company
White House says $110 billion in infrastructure funds released
President Biden’s team report that in the six months since the infrastructure bill has passed US$110 billion has been released 
Crosby to acquire Kito
Lifting and rigging giant Crosby Group to acquire Japan’s Kito Corporation
Canadian market sees post-pandemic revival
2022 is shaping up to be a solid year for the lifting, rigging and heavy haul market in Canada.
Favco books multiple crane orders
Tower crane and offshore crane orders boost manufacturer Favelle Favco in Australia and Malaysia
Manitex International reports Q1 results
The company reports increases in sales and a strong backlog that has surpassed $200 million.
China to increase infrastructure construction spending
According to Chinese state TV the country will increase infrastructure construction spending to provide a boost to its economy 
Bower’s to acquire Hogan’s
Hogan’s Heavy Haulage to become part of Bower’s Heavy Haulage in Australia
Euro Auctions and Ritchie Bros. merger scrapped
Ritchie Bros pulls out of £775m deal following decision by UK Competitions & Markets Authority
Foselev and Ponticelli form GIE Megalift
French lifting and transport specialists get together with a new heavy lifting venture
More MyCrane franchisees
The digital crane rental platform expands into the UK, Ireland and Qatar
Lift and Shift India acquired
Heavy and over-dimensional cargo transport business in India acquired by JM Baxi Group
Launch of electric construction equipment accelerates in 2022
Almost half of new construction products launched this year have been electric
Record-breaking year for equipment sales
Demand for equipment was maintained throughout 2021, although some areas have seen a drop in sales
Tadano suspends crane production
Component shortages precipitate temporary production stoppage at four crane factories in Germany and Japan
Survey highlights OEM skills shortages
New survey reveals main issue is with technical and engineering positions
Roll Group and FTE get together
Roll FTE is a new joint-venture company for heavy lift and transport in Saudi Arabia
Stevenson expands fleet with Liebherr LR 1500
Stevenson will use the new crawler crane for heavy industrial work within multiple industries.
Record sales for HMF in 2021
Danish loader crane maker achieves record sales in the face of multiple challenges, including a factory fire
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