Tribby Warfield

PSA: The COVID bump is over. Dealer inventory levels are on the rise while interest have more than doubled. We are seeing industry layoffs and reductions. Good people are being affected! Manufacturers, owners and dealer principles alike need to get to the table and discuss each others short term issues before they become long term problems. Get together and have uncomfortable conversations to produce sustainable solutions and results. Hope is not a strategy!

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Not all final drives are created equal. Choose quality for maximum efficiency. And when you want to combine quality with cost effectiveness, then choose a reman final drive motor from us. #TexasFinalDrive #FinalDriveParts #remanFinalDrive #qualityisinourdna https://hubs.ly/Q02Zkymx0

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Tire volumes for Sumitomo Rubber Industries Ltd. were down slightly in the first half of 2024, but the company has recorded a 248.5% increase in profit on those tires, which it attributes in part to favorable exchange rates. https://lnkd.in/grxCRYsG #moderntiredealer #tires #tireindustry #tirenews #sumitomorubber #tirefinancials #tiresales #exchangerates

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JLG telehandler sales soar to record highs Access and telehandler sales across North America helped boost JLG’s Q2 results to $1.41 billion, up 5.9% year-over-year for the three months ending June 30, parent company Oshkosh Corp. has announced. JLG’s operating income in the second quarter increased 16.4% to $246.5 million, or 17.5% of sales, compared to $211.7 million, or 15.9% of sales, in the second quarter of 2023. The increase was primarily due to higher sales volumes across North America, favorable price/cost dynamics and improved sales mix, offset in part by increased selling, general and administrative costs, the company said. Breaking down the sector, aerial sales for Q2 totaled $675.6 million, a 1.5% increase, while telehandler sales amounted to $428.6 million, which represents the strongest quarter of telehandler sales for JLG in recent history. Despite the growth and high demand, the company noted its Q2 orders were lower than expected, but attributed it to the “normalizing of market conditions.” The company added it expects Q3 access sales to be lower, but is forecasting “a significant increase in Q4.” “As we look forward, we have a positive outlook for 2025,” said John Pfeifer, president and chief executive officer of Oshkosh. “Based on discussions with customers and our expectations for ongoing infrastructure investments, mega projects, industrial onshoring and current fleet age, we expect [JLG] sales in 2025 to be in the range of 2024 sales,” JLG also reported its backlog was down -25.2% to $3.3 billion when compared to the previous year. The company is forecasting access revenues of $5.3 billion for 2024, a rise of 6.5% over 2023, Oshkosh as a whole reported half-year total revenues of $5.39 billion, an increase of 15%. For more information on the Construction, Mining Equipment and Allied Industries, please reach us at www.equipmenttimes.in JLG Industries Ramamurthy Mayavan Philip Varghese Editor In Chief- EQUIPMENT TIMES #telehandler #constructionmachinery #infrastructure #constructionequipment #construction #manufacturing #machine #equipment

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Mr. President, As you stand strong against outsourcing and protecting American jobs, I'd like to highlight Kubota’s unwavering commitment to U.S. manufacturing and job creation. While Deere considers moving jobs overseas, Kubota is planting deeper roots right here in America. Over the past decade, Kubota has invested nearly $1 billion in U.S. facilities and infrastructure. Here are some examples of Kubota’s recent major projects: A $190 million investment in Gainesville, Georgia, to expand its loader production, set to bring 550 new jobs by 2025. A $178 million expansion in Salina, Kansas, to manufacture compact track loaders, creating state-of-the-art facilities. A $140 million investment in Texas, home to its U.S. headquarters and key distribution centers, ensuring we support American industries with locally made products. In #Florida, we at Florida Coast Equipment have invested 10s of millions of dollars in facilities and workforce development to serve Florida farmers, landscapers, farmers, ranchers and contractors. We are ready to support Mar-a-Lago or any of your Florida golf properties—just give us a call. Best regards, J. Todd Bachman President & CEO Florida Coast Equipment, LLC Big Orange Rental #AmericanJobs #Kubota #Agriculture #Manufacturing #SupportLocalJobs #KeepItInAmerica #Trump #Deere Donald J. Trump For President 2024, Inc.

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US tyre industry unites at inaugural Tire Recycling Conference, launching TRF to boost circular economy and expand RMA use. #tyreerecycling #sustainability #RMA #circulareconomy #pyrolysis #industrycollaboration #conference #usatyreindustry #environment #innovation

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📢 We have a new Iowa Mold Tooling Co., Inc. 32/222 K4 on New Kenworth T880 in stock: 🤩 https://lnkd.in/gbhmma29 🚨  Hear from our Material Handling Product Manager, Craig Rogers as he explains the rocking key features and benefits, including ► how it has a lifting capacity of 14,000 lbs. at 15 ft. and 4,800 lbs. at 40 ft, ► how it comes standard with 360° continuous rotation and wireless radio remote control, ► how it produces more revenue in your pocket with each load and more. Power up your productivity with the IMT® 32/222 articulating crane. ✅

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We are taking another big leap forward in our journey toward production by officially kicking off production of the P7-C trucks with contract manufacturer Roush. 🛠 Starting Q4 2024 we’ll begin producing the P7 #electric #truck at Roush’s Detroit facility, with an annual capacity of up to 5,000 trucks annually! Our strategic manufacturing partner, Motherson SAS, will manage our global supply chain and on-site quality support. 💡 With this collaboration, we’re set to ramp up production faster, improve unit costs, and have a clear path to free cash flow. Customers are already securing their production slots—don’t miss out! Let’s drive the future of #EV together! ⚡ #PoweredByREE #GovernmentFleet #FleetManagement #FleetManagers #automotivetechnology #electricvehicles #automotivetechnology #electricmobility #electriccars #autonomousdriving #zeroemissions #commercialvehicles #electricbus #electrictruck #nextgenmobility #sustainbability https://lnkd.in/guYQdZia

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Big news in the golf world. John Deere just released Operations Center PRO Golf. I like to think of this new technology as a golf course’s data-driven, remote management system that can analyze all labor and fleet-related intelligence behind the scenes. It’s not just keeping tabs on water usage or knowing which jobs have been completed or which machines are operating – it’s also about boosting sustainability and lowering operating costs for our John Deere Golf customers. PRO Golf will take golf course operations and management to the next level. #NothingRunsLikeaDeere

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Starting 2024 with low January sales and high interest rates, the automotive industry has still managed to show resilience, with a 5.6% sales increase in the first quarter. Dealers are feeling the strain from high-interest rates and inventory issues, but manufacturers are adapting by boosting incentives and focusing on strategic fleet sales. The Federal Reserve's potential rate cuts and industry production adjustments could stabilize the market further. Economists are looking for additional positive indicators to adjust their forecasts upward for the year. More details can be found in the latest Hilco Global Smarter Perspective: https://lnkd.in/gCjfuYdK #Automotive #Vehicle #InterestRates #HilcoGlobal

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The U.S. Department of Commerce has added a 2.35% retroactive tariff on Bridgestone commercial tires shipped to the U.S. from February 20 to May 19, 2024. The move comes after an investigation regarding allegations that Thai tires were hurting domestic producers' ability to compete, which took place in June and July 2024. Afterwards, the DOC stated that it "was unable to verify the accuracy of Bridgestone's reporting with respect to its sales data. As a consequence, we find that Bridgestone's reported sales data are unverified and, thus, cannot serve as a reliable basis for calculating an accurate margin for Bridgestone in this investigation.” Bridgestone has pushed back against the investigation's findings and said that the errors the DOC found were within standard accounting errors. For more on the inquiry and its resulting tariffs, see below. #truckingindustry #tires #tariff

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The U.S. Tire Manufacturers Association (USTMA) has revised its previous forecast for total US tyre shipments in 2024, predicting a rise primarily because of increased demand in the replacement market. The association anticipates that overall tyre exports will reach 338.9 million units in 2024, above the previous high of 335.2 million units established in 2021 and up 2.1 percent from 2023. Additionally, the estimate is significantly higher than the association's prior August prediction that 337.4 million units will be sold this year. https://lnkd.in/dW2QyMQf #USTireManufacturersAssociation #USTMA #USTyreMarket #TyreMarketForecast #TyreIndustry #ReplacementTyreMarket

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Eric Hartzler, VP of the Tracks & Tires Division at Midwest Equipment Sales, discussed how the company has leveraged SmartEquip since becoming a customer in 2016. “SmartEquip centralizes ordering for companies, which creates product consistency and less confusion on where to acquire replacement parts. Since fleets are often selective about who is added as a preferred vendor, service managers can rest assured that they are receiving quality products.” Read more in the Midwest Equipment Sales Customer Spotlight. https://lnkd.in/e8CbE_Ts

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AUTOMOTIVE PARTS SUPPLIERS CONFERENCE PMA HEADS TO PONTIAC, MI, FOR APSC 2024! For more than 30 years, APSC has been the premier event for automotive suppliers—thousands of executives, managers and engineers have represented companies in the automotive sector at APSC over the years. APSC 2024 will include two days of educational sessions, networking and discussions on the latest advancements, outlook for the industry and new technologies/regulations causing disruptions. Why should you attend? Expand your network and make new connections. Hear from industry leaders on topical issues of importance. View exhibits from leading suppliers. To register for the event, click the link below: https://hubs.ly/Q02HSvwx0 #MetalForming #Automotive #Suppliers

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Grab your 🎧, there’s a 𝙉𝙀𝙒 episode of OEM Industry Update! In this episode, MAXAM Tire’s Matt Fagan offers #engineering insights on tire compounds and operating conditions, along with MAXAM’s top R&D priorities for #tire manufacturing today. Listen now! ⤵️

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