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

Check out some interesting headlines around the industry this week.

Global Construction Equipment Rental Market to Exceed  $110 Billion by 2019 According to Technavio (Business Wire)

"According to Technavio’s latest report, the global construction equipment rental market is expected to exceed USD 110 billion by 2019 growing at a CAGR of over 7% during the forecast period." Read more

Check out some interesting headlines around the heavy equipment and construction industry this week.

Top Supply Chain and Logistics News (Wall Street Journal)
"One of South Korea’s top shipping companies is begging for itslife. Hyundai Merchant Marine Co., which along with the larger Hanjin Shipping Co. handles most of Korea’s exports, asked owners of its chartered fleet to cut a break on rates, the WSJ’s Costas Paris reports. Creditors reportedly want the company to reduce its more than $1.5 billion in charter costs by 30% before agreeing to debt restructuring. The sources of HMM’s distress are familiar: not enough demand, and too many ships on the water. That HMM says it needs such a deep reduction in charter rates just to stay in business is a sign that the company expects the shipping industry’s woes to be deep and long-lasting." Read more

Check out some interesting global headlines around the industry this week.

 Chinese firm in £2.5bn bid for heavy equipment giant Terex (Belfast Telegraph)
"The Chinese construction company Zoomlion has confirmed its offer for Terex Corporation, which employs 1,000 people in Co Tyrone, saying the combination of the two would create a firm with a "global footprint".  Read more

Check out some interesting headlines around the industry this week.

Caterpillar Names a Cuba Distributor for its Equipment (Miami Herald)
"Caterpillar Inc., the heavy equipment manufacturer based in Peoria, Illinois, said Wednesday that it has named a Puerto Rican company to be its Cat dealer in Cuba in preparation for the day when the embargo is lifted".  Read more

IronPlanet's own Sue McGregor, Managing Director, Canada, and Avnish Patel, Vice President, Business Development & Strategy, help readers discover new methods for gaining the most value from their heavy equipmentIron in this article from Construction Business Owner.

Heavy Equipment and Trucks from Cat^® Dealers, Leading OEMs, Rental Companies, Dealers, Construction Companies and Other Key Sellers Highlight Five Days of Sales

Check out some interesting industry headlines from the last week of January:

Halliburton Focusing on Higher-Dollar Customers During Downturn:President (Platts)
" The low oil prices of the past year, which are expected to continue in 2016, have led oilfield services giant Halliburton to focus on larger, higher-dollar customers, a top executive said Monday. Those customers typically have "fairway acreage in the [top] basins and stronger balance sheets," company president Jeff Miller said during a quarterly conference call. In North America, where the downturn that began in mid-2014, but sharpened late that year, and has been most severe, Halliburton's top 17 customers comprise 50% of its revenues, Miller said."  Read more

Check out some interesting industry headlines from this week.

Walmart Foundation Grant Gives Women Chance to Try Construction (Daily Iowegian)
" Iowa Workforce Development, IowaWORKS and Hawkeye Community College are using a Walmart Foundation Grant in the amount of $75,000 to introduce low-income Iowa women to construction jobs. According to the latest "PROMISE JOBS Employment and Wage Report", construction is the second highest paying industry for men enrolled in the PROMISE JOBS program. However, a demographic breakdown, by gender, of individuals working in this occupation indicates that females represent only 2.3 percent of the workforce. Data also indicates this is an industry showing growth in projected openings and wages. Specifically for Heavy Equipment Operators, the average hourly wage is $20.84 per hour.” Read more

Check out some interesting industry headlines from this week.

Opinion: 10 Oil Companies That Will Thrive As Crude Prices Rebound (Marketwatch)
"If you ignore the daily headlines about the beleaguered energy sector, invest in companies with low debt and wait for the inevitable rebound in oil prices, you could eventually make a lot of money. Oil news has been grim, as analysts rush to lower their crude-price predictions week in and week out. Wolfe Research, in a shocking report, is expecting as many as a third of U.S. oil and natural gas producers to go bankrupt.” Read more