Check out some interesting headlines around the industry this week.

World's 2nd Largest Private Coal Mining Company Files Chapter 11 (Construction Equipment)
Peabody Energy, the world's largest private-sector coal producer, has filed for bankruptcy protection in United States Bankruptcy Court for the Eastern District of Missouri. Trading on the NYSE was suspended immediately. Peabody (BTU) shares closed Wednesday at $2.07, down from its high of $299.10 in 2014. The company listed $10.1 billion in debts and $11 billion in assets, including ownership interest in 26 active mines in the U.S. and Australia. Shareholders with at least 5 percent of the company are Blackrock, Kopernik Global Investors, Vanguard Group, and Susquehanna Securities, according to the filing. Read more

Check out some interesting headlines around the industry this week.

Halliburton-Baker Hughes Merger Pain Seen Sparking Deals (Bloomberg)

If Halliburton Co.’s bid to buy Baker Hughes Inc. fails, it may spark a scramble for deals among beaten-down oil-services firms. U.S. antitrust officials sued to stop the merger of the world’s second -and third-largest oilfield companies, Attorney General Loretta Lynch said in a statement Wednesday. The lawsuit claims the deal violates antitrust laws by eliminating competition between the firms. An offer by Halliburton and Baker Hughes to sell assets to resolve the government’s concerns wasn’t satisfactory. Read more

Check out some interesting headlines around the industry this week.

$1.5 Billion Vegas Spaghetti Bowl Overhaul Starts April 7 (Construction Equipment)
"The huge overhaul of the Las Vegas Spaghetti Bowl, often called Project Neon, will officially get under way April 7th. The intersection at the merge of  State Route 564, I-215, I-515, U.S Route 93 and U.S Route 95 is the busiest stretch of roadway in Nevada and on average sees 300,000 vehicles a day, 25,000 lane changes an hour — and three crashes every day."   Read more

Check out some interesting headlines around the industry this week.

Energy Bust Powers Down Heavy Equipment Sales (Wall Street Journal)
"Caterpillar Inc. acknowledged Thursday what Brandon Millican of Malta, Mont., already noticed: It’s getting even harder to sell heavy equipment into an economy weighed down by falling oil production."  Read more

On Wednesday, March 23rd,  IronPlanet marketplace Cat Auction Services continues its Equipment Madness with a live, unreserved public auction in St. Cloud, Minnesota, hosted by Ziegler Cat. This exciting auction features over 260 low-hour, late-model items with attractive starting bid price points. If you're attending in person, be sure to register ahead of time and preview equipment onsite over the next few days if interested. If you're planning to bid online, all items are now available to view on IronPlanet.com along with our IronClad Assurance inspection reports. 

 2012 Cat 740B Articulated Dump Truck

Lot #229, Enclosed Cab, Air Conditioner, Rear Camera, Retarder, Ground Level Engine Shutdown, Air Ride Seat, 29.5R25 Tires. Seller comment: At the time of purchase, the unit was converted by Mobile Track Solutions to a tracked unit by removing the wheels and bed then installing tracks and a hitch. The unit has since been converted back to the original specifications. The Tires, Wheels and Bed have been reinstalled on the unit. More detail

Place your bids NOW for IronPlanet's military surplus sale. Join us Wednesday, March 23, for GovPlanet's auction featuring an array of surplus military equipment. We've got nearly 350 items up for bid - Humvees, trucks, wreckers, forklifts, generators and more. Preview the auction items now. Read inspection reports, match available machines against your needs, and place your bids now! Don't miss this opportunity to be part of #EquipmentMadness!

Join us Tuesday, March 22,  as we kick off two weeks of Equipment Madness with a first ever Tools, Parts and Attachments Sale. This auction features over 800 accessories and parts that extend the life and capabilities of your machines. Look for concrete forms, buckets, pipe, trench shields, barriers, steel beams and much more.  

Join us Thursday March 17 for a little luck of the Irish!  We are auctioning over 1200 items. Included in our sale this week is a complete dispersal of materials handling equipment from Leavitt Machinery. Look for a variety of  telehandlers, forklifts, articulating boom lifts and more. Also featured in our March 17 auction you will find 17 exceptionally well-maintained Walmart trucks and backhoe loaders. Preview all auction items now and place your Priority Bid here.

Check out some interesting headlines around the industry this week.

Renting Oilfield Equipment Helps Producers Cut Costs and Maximize Revenues (Boe Report)
"In the current industry downturn, companies of all shapes and sizes are doing everything they can to cut costs and maximize revenues. How this is done varies from one company to another. But typically, the first thing management will look to do is trim the fat, so to speak. Efficiency is king."  Read more

Sue McGregor, managing director of Canada, IronPlanet,  shed some light on a few of the most important things to consider when purchasing used heavy equipment with Equipment Journal p. A11 here.