Latest news from Heavy Lift & Project Forwarding International Magazine

Challenging market harms Terex

February 23 - Terex has recorded an income from continuing operations of USD142.5 million in 2015, compared with USD259 million in 2014.

"The macro operating environment in the fourth quarter of 2015 was challenging," said Terex president and ceo, John L. Garrison.

"Global economic volatility has made our customers more cautious overall, resulting in fourth quarter order activity that was below expectations in most business segments and product categories.

"On a positive note, free cash flow for the year came in at a strong USD290 million, nearly double our 2015 net income. Cash flow generation will be a primary focus going forward."

Garrison noted that he does not foresee market conditions improving in 2016.

"We anticipate lower fleet replacement from North American aerial work platform (AWP) rental customers. The oil and gas and commodity market decline will continue to impact demand across many of our products. We are developing and implementing plans to align our cost structure with these market realities."

HLPFI reported yesterday, February 22, that Terex and Konecranes had paused the integration planning activities for their intended merger, in light of the challenging business environment.

 

www.terex.com

Heavy Lift | News

Crew boat gets lift from Barnhart thumbnail image

Crew boat gets lift from Barnhart

November 11 - Barnhart Crane & Rigging, on behalf of Premier Bulk Stevedoring, has lifted and transferred a crew boat, measuring 110 ft (33.5 m) long, in Alabama.
Views: 313
Laso powers ahead with Goldhofer THP/SL thumbnail image

Laso powers ahead with Goldhofer THP/SL

November 8 - Laso Transportes has utilised Goldhofer THP/SL heavy-duty modular trailers to deliver a 300-tonne power plant component from Vale de Cambra to the port of Le├ža da Palmeira (Portugal), some 60 km away.
Views: 505
Precision delivery at Magdalena Ridge thumbnail image

Precision delivery at Magdalena Ridge

November 7 - Magdalena Ridge Observatory (MRO), located in the mountains of New Mexico, sits at an altitude of 3,200 m. The facility now benefits from a new telescope, which had to be moved atop the mountain range with the utmost precision.
Views: 696

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.