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.
The new John Deere 644K Hybrid wheel loader was showcased at a World of Concrete 2013 press event in Las Vegas last Tuesday. The new loader uses both diesel and electric energy, is equipped with a John Deere PowerTech 6.8-liter Interim Tier 4/Stage IIIB engine that runs at an operator-selected constant speed from 900 to 1,800 rpm, and has a net 229 horsepower. The hybrid wheel loader is going to begin production and should be on dealer lots in March. For a more in-depth look at the 644K Hybrid, click on the link below.
Retail sales of construction equipment are expected to increase by at least three percent in 2013, according to a survey conducted in January by GE Capital, Equipment Finance. More than three-quarters of the respondents believe that the first half of 2013 is the best time to increase inventory of construction equipment, and two-thirds of respondents cited that the biggest challenge for distributors is the lack of demand for new commercial and residential construction.
Caterpillar Inc. has made upgrades to the 450E Backhoe Loader which includes enhanced durability, reliability, and lifting performance. The 450F embodies a more efficient overall design; with 5 percent more gross power than the 450E. Its closed-center, load-sensing hydraulic system offers more control of backhoe and loader functions, adding productivity and increased fuel economy.