Kito Crosby announces appointment as official supplier to The Ocean Cleanup
The Ocean Cleanup, a global nonprofit, and Kito Crosby, an international manufacturer in the lifting and securement industry, just announced Kito Crosby as the Ocean Cleanup’s Official Supplier of lifting and securement hardware. Through this partnership, Kito Crosby will provide high-quality lifting and securement products, expert training, and technical support to help The Ocean Cleanup remove plastic waste from the...
Herc Holdings reports Nine Months 2024 results and updates 2024 Full Year Guidance
Record equipment rental revenue of $866 million, an increase of 13% Record total revenues of $965 million, an increase of 6% Rental pricing increased 2.3% year-over-year M&A and greenfield openings offset the impact of decelerating local-market revenue growth Net income increased 8% to $122 million, or $4.28 per diluted share Adjusted EBITDA of $446 million increased 9%; adjusted EBITDA margin of 46.2% Free cash flow of $218...
Nucor reports results for the Third Quarter of 2024
Consolidated net earnings attributable to Nucor stockholders of $249.9 million, or $1.05 per diluted share Adjusted net earnings attributable to Nucor stockholders of $353.0 million, or $1.49 per diluted share Net sales of $7.44 billion Net earnings before noncontrolling interests of $302.8 million; EBITDA of $869.0 million Nucor Corporation announced consolidated net earnings attributable to Nucor stockholders of $249.9 million, or...
Four New Power Transmission/Motion Control Categories introduced for PIE Technology Platform™
Bearing Specialists Association (BSA) and the Power Transmission Distributors Association (PTDA) announce the introduction of conveyors/material handling, couplings, motors, and linear bearings (round shaft) to the PIE Technology Platform™ (PIE). These additional product categories bring the total number of bearing and power transmission/motion control (PT/MC) categories available to 32. Additional categories in development include...
Women In Trucking Association releases 2024-25 WIT Index Data
The Women In Trucking Association (WIT) recently released the findings of its 2024-25 WIT Index. This unique research is the industry’s barometer to benchmark and measure the percentage of women who hold critical roles in transportation. These roles include corporate management (C-Suite), those who serve on boards of directors, management and supervisory roles, and functional roles such as operations, technicians, HR/talent...
Boston Dynamics, Toyota Research Institute partner to advance robotics research
Boston Dynamics and Toyota Research Institute (TRI) announced that they will merge, combining two of the world’s leaders in artificial intelligence and robotics. The research partnership aims to accelerate the development of general-purpose humanoid robots by utilizing TRI’s large behavior models and Boston Dynamics’ Atlas robot. The partnership looks to push humanoid research further Boston Dynamics has a longstanding reputation for...
August 2024 U.S. cutting tool orders total $209.3 million
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $209.3 million in August 2024. Orders increased 9.1% from July 2024 but were down 4.5% from August 2023. Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI),...
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