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News
8/21/2023
VOLVO
Volvo Trucks North America and Linde Canada Inc. have joined forces for a unique pilot program, importing five Volvo FH LNG (liquefied natural gas) powered trucks into Canada. Volvo Trucks introduced the LNG product line in 2017, commencing serial production for European markets in 2018.These Volvo FH gas-powered trucks are tailored for long-haul transportation, boasting a maximum Gross Combination Weight (GCW) of up to 60 tonnes (132,277 pounds) and delivering up to 500 hp, along with a remarkable range of up to 1,000 kilometers (621 miles). When combined with Westport’s high-pressure direct gas-injection system, Volvo emphasizes that these vehicles offer equivalent drivability, performance, and torque to diesel engines, while significantly reducing CO2 emissions.
News
8/18/2023
JHON DEERE
Deere & Company announced a net income of $2.978 billion for the third quarter ending on July 30, 2023, equating to $10.20 per share. This marks a significant increase from the previous year when the net income was $1.884 billion, or $6.16 per share, for the quarter that ended on July 31, 2022.For the cumulative nine months of the year, Deere & Company reported a net income of $7.797 billion, translating to $26.35 per share, compared to $4.885 billion, or $15.88 per share, for the same period in the prior year.In terms of global net sales and revenues, there was a 12 percent increase, totaling $15.801 billion, for the third quarter of 2023, and a 24 percent increase, reaching $45.839 billion, for the nine-month period.Specifically, net sales amounted to $14.284 billion for the third quarter and $41.765 billion for the nine-month period, marking growth from $13.000 billion and $33.565 billion, respectively, in the previous year.
News
8/07/2023
DEVELON
Develon, previously known as Doosan Construction Equipment, will be showcasing a curated selection of their extensive equipment range designed for quarrying and extraction operations. You can find these exhibits at Stand A9 during the STEINEXPO 2023 Exhibition, taking place from August 23 to August 26, 2023.At STEINEXPO, the spotlight will be on Develon’s crawler excavators, wheel loaders, and articulated dump trucks (ADTs). These three machine categories together provide customers in the quarry, mining, and construction sectors with comprehensive solutions for tasks related to excavation, loading, and transportation. They are well-suited for a wide range of applications, spanning from general earthworks to the production of aggregates and building materials, all conveniently accessible from a single source.
News
8/07/2023
CUMMINS
Cummins has just released its second-quarter results for 2023, revealing remarkable achievements, notably a substantial 31 percent surge in sales within North America. The company’s overall revenues for the second quarter reached an impressive $8.6 billion, marking a 31 percent increase compared to the same period in 2022. The growth in North American sales was mirrored in the international market, with a notable 32 percent increase in revenues, fueled by the successful integration of Meritor and robust demand across various global sectors. Jennifer Rumsey, the Chair and CEO, attributed the company’s outstanding performance to the strong demand witnessed across most key markets and regions, leading to record revenues and a sound level of profitability during the second quarter of 2023.