The Manitowoc Company reports Second-Quarter 2024 financial results with net sales down 6.8% year-over-year
Today, the Manitowoc Company, Inc. reported a second-quarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjusted net income (1) was $8.8 million, or $0.25 per diluted share. Net sales in the second quarter decreased 6.8% year-over-year to $562.1 million and were unfavorably impacted by $2.7 million from changes in foreign currency exchange rates. In the second quarter, adjusted EBITDA (1) was $36.0 million,...
Alta Equipment Group announces Second Quarter 2024 Financial Results
Total revenues increased $19.7 million year over year to $488.1 million Construction Equipment and Material Handling revenues of $294.9 million and $175.6 million, respectively Product support revenues increased 10.1% year over year, with Parts sales increasing to $78.0 million and Service revenues increasing to $66.2 million New and used equipment sales decreased 1.2% year over year to $251.5 million Net loss available to common...
2024 Generative AI Product of the Year Awards accepting nominations now
Generative AI Expo and TMCnet are accepting applications for the 2024 Generative AI Product of the Year Awards. Suppose your organization has developed applications, platforms, models, devices, servers, sensors, or any other solution that harnesses the potential of Generative AI to elevate performance within any vertical market segment. In that case, we encourage you to apply for the 2024 Generative AI Product of the Year Awards. This...
AAR reports Rail Traffic for the week ending August 03, 2024
The Association of American Railroads (AAR) has reported U.S. rail traffic for the week ending August 3, 2024, and July 2024 volumes. U.S. railroads originated 1,073,191 carloads in July 2024, down 2.1 percent, or 23,353 carloads, from July 2023. U.S. railroads also originated 1,319,818 containers and trailers in July 2024, up 8.4 percent, or 102,549 units, from the same month last year. Combined U.S. carload and intermodal...
US Container Shipping braces for headwinds as peak season approaches
Majority of US container traders surveyed anticipate further container price hikes in August, 92% expect volatility China to US and China to Europe Container leasing rates surge in July The US container shipping sector is cautiously approaching the peak season, with the upcoming US elections and labor negotiations poised to bring their own set of implications for the container logistics industry, as indicated in the August Container...
H&E Opens New Branch in Missouri
H&E Rentals has announced the opening of its Springfield branch, the company’s fourth general rental location covering the state of Missouri. H&E operates in 32 states, and it has opened 24 new branches across the country and acquired nine others since the second quarter of last year. The facility is located at 2520 N Eastgate Avenue, Springfield, MO 65803-5732, phone 417-427-4000. It includes a fully fenced yard area,...
H&E launches Mental Health Training and Community Awareness Initiative
H&E Rentals has launched a Mental Health and Hope training module to shed light on the mental health crisis that is taking place today and to offer information and resources to its own employees as well as any other company in the equipment industry that could benefit from the information. One of the first of its kind in the equipment rental industry, this training was created by H&E Learning with the help of the nation’s...
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