Stay updated with breaking news from Joshua jepsen. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With the worst of the pandemic-related production issues now largely resolved, the construction equipment market is returning to a more normal state of affairs, despite a rise in prices over recent years. ....
With the worst of the pandemic-related production issues now largely resolved, the construction equipment market is returning to a more normal state of affairs, despite a rise in prices over recent years. ....
(Reuters) -Deere & Co forecast 2024 profits below analysts' expectations on Wednesday, saying high borrowing costs and tighter budgets will likely dent demand for the farm equipment maker's agriculture and construction machinery. Deere, a barometer for the global economy, predicted a downturn in agriculture and construction equipment sales across all of its regions for the fiscal year ahead, validating analysts' concern that demand may have peaked for big industrial companies. "We all believed that the market was getting softer, but not this soft," said Stephen Volkmann, senior machinery analyst at Jefferies. ....
While shopping around for a used piece of construction equipment through the usual channels has taken some creative sourcing in recent years, this summer has seen prices stabilize for the most part. ....