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.
Caterpillar is proud to announce their largest LHD (load-haul-dump) vehicle yet, the R3000H. With a 16 percent production advantage over the previous model, this LHD vehicle was designed for a rated payload of 22 tons. It also has a 42 percent reduction in ventilation requirements when compared to the previous make, the R2900G XTRA, which helps minimize particulate emissions.
Ritchie Brothers Auctioneers achieved record numbers in their third quarter gross auction proceeds and September sales. To top off September 2012, Ritchie Bros. sold approximately $561 million of equipment at 31 unreserved auctions. These exceptional sales helped them record their highest ever third quarter gross auction proceeds; with approximately $848 million of construction equipment sold during the third quarter.
Construction workers in New York and those in the industry are debating the logistics to the scaffold law, which mandates general contractors and building owners to follow necessary procedures and provide appropriate safety equipment to prevent elevation-related construction accidents. Those opposed feel it places an unfair burden on employees and unnecessarily increases construction costs, yet advocates believe it has helped lead New York to having one of the lowest construction injury and fatality rates in the country.