News in the Construction Equipment Industry
Need a quick update on what happened last week in the construction industry? Every Monday we will provide a brief overview of some of the top stories for your consumption.
Good news – construction employers added 1,000 jobs in the last month. New federal data shows that the unemployment rate of the industry workforce has dropped from 13.5 to 11.3 percent; however it might not be a signal of growth in the industry. According to an analysis by the Associated General Contractors of America, the overall employment levels in the construction business are unchanged from last year due to so many employees leaving the sector.
Caterpillar Equipment has a new partner for its CT Series of vocational truck engines, beyond the usual Navistar. In order to meet EPA standards, Navistar has developed a new strategy using Cummins engine after-treatment system that involves using selective catalytic reduction-based in-cylinder (ICT) technology. Navistar hopes to create its own after-treatment eventually, but for right now Cat will have to stick with Navistar and their new partner, Cummins.
There have been significant improvements on the L110G and L120G wheel loaders, according to Volvo. The Tier 4 Interim engine, electronic system, drivetrain configuration, cabs, hydraulics, and maintenance are all factors contributing to the improvements made on the above mentioned models. Such improvements include a 25% increase in lifting force, a 5% increase in fuel efficiency, a 15% increase in breakout force, and many more.