11
NEWS
MARCH 2014
ACT
All Erection places 30
crane order with Link-Belt
All Erection and
Crane Rental Corp.
will add 30 new Link-
Belt cranes to its fleet
in 2014. Included in
the package are four
new 150-ton capacity
RTC-80150 Series II
rough terrain cranes. Notable
features include its 195 foot,
six-section boom and three-
axle carrier.
Also included in the order
are three HTC-8690 telescopic
truck cranes, eight 218 HSL
lattice boom crawler cranes,
six 238 HSL lattice boom
crawler cranes, two TCC-750
telescopic crawler cranes and
seven TCC-1100 telescopic
crawler cranes.
“The decision to purchase
the new RTC-80150 was, in
part, because our customers’
appetites continue to grow
All Erection will add 30 new
Link-Belt cranes to its fleet in
2014, including four of the new
150-ton capacity RTC-80150
Series II.
for long-reach, high-capacity
RTs for their jobsites,” said
Michael Liptak, president, All
Erection and Crane Rental.
“We like this unit for both
of these features, but are
very impressed with how it
transports. This machine can
break down in less than an
hour and reduces transport
costs by keeping a low overall
height while also maintaining
a main unit transport weight
under 100,000 pounds.”
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Manitowoc has completed
the sale of its 50 percent
interest in Chinese truck crane
manufacturing joint venture
Manitowoc Dong Yue Heavy
Machinery Co., Ltd. The buyer
is Manitowoc’s partner in the
venture, Tai’an Taishan Heavy
Industry Investment Co., Ltd.
Glen Tellock, Manitowoc
chairman/CEO, said, “The
sale of our joint venture
interest is consistent
with our strategy to better
align resources across
Manitowoc’s crane segment
and to maximize financial
performance.”
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National Interstate Corp.
celebrates its 25th anniversary
serving the insurance industry
in 2014. Established in 1989,
National Interstate provides an
array of commercial insurance
products including traditional
insurance and alternative risk
transfer options primarily
targeting companies in the
transportation industry.
HIGHLIGHTS
Cranes sales down at Terex Corp.
Sales at Terex Cranes in 2013
were down on the previous
year. For the crane segment,
sales were $1.93 billion, down
3 percent from $1.99 billion
in 2012. It was a similar story
in the final quarter where net
sales were $480 million, down
6 percent compared with $511
million in the fourth quarter
of 2012.
“Our Cranes segment failed
to realize the growth that we
had anticipated entering 2013.
While new product launches
did provide some growth,
markets such as Australia,
Europe and Latin America
were more challenging than
anticipated,” said Ron DeFeo,
Terex chairman and CEO.
“Overall, 2013 was a good
year and I am pleased with the
improvements and progress
underway at Terex,” DeFeo
said on the performance of
Terex Corporation as a whole.
“This past year was a tale of
two halves, with the second
half of the year significantly
stronger than the first half.
Our performance in the
second half was fuelled by
the continued strength of
our Aerial Work Platforms
(AWP) segment and a
Assistant Editor
American Cranes & Transport
has a job opening in the editorial
department. Industry journalists interested in applying for the
job of Assistant Editor should send a resume and cover letter to
.
Revenues up in 2013 for
Manitowoc Cranes
For the full year 2013, Manitowoc Cranes revenue was up 3.3
percent, to $2.5 billion on the $2.4 billion figure for 2012.
Operating earnings increased $48.3 million, or 28.3 percent, and
the operating margin was up 170 basis points to 8.7 percent for
2013, the company reported.
In the most recent quarter, however, while orders were up, crane
sales were down. Fourth-quarter 2013 orders, at $707 million,
were 30 percent higher than the fourth quarter of 2012. Order
backlog for cranes was $574 million on December 31, 2013, a
decrease of $182 million from the same point in 2012.
Fourth-quarter 2013 net sales were $704.8 million, down 7.9
percent from $764.9 million in the fourth quarter of 2012. Looking
ahead, in 2014 Manitowoc forecasts crane revenue to show modest
top-line growth and the operating margin to be a high single-digit
percentage.
turnaround in our Materials
Handling & Port Solutions
(MHPS) segment. Our focus
throughout the year on
strengthening margins and
driving financial efficiency
helped deliver a strong close
to the year.”
As for the outlook for 2014
DeFeo said, “We see some
signs of improvement in many
parts of the world although
this is tempered with some
continued market uncertainty,
particularly in developing
markets. Overall, we believe
that the global economy will
be stronger in 2014, but still
modest when viewed against
historic demand levels.”
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