Take stock_May 15

Allan Dale Industries Ltd. has been recognized by Featherlite Trailers for having the highest number of sales among Featherlite’s network of 200 dealers during 2008.

Allan Dale Industries honoured for sales figures

Allan Dale Industries Ltd. has been recognized by Featherlite Trailers for having the highest number of sales among Featherlite’s network of 200 dealers during 2008. Owned by Warren and Allan Fertig, Allan Dale is located west of Hwy 2 and south of Hwy 2A. It evolved from Allan Dale Arabians, a horse-breeding farm that began operating in 1967.

Allan Dale has been selling Featherlite trailers since 1983. It received the same award from two years ago. Featherlite’s products include livestock, car, recreational, commercial, utility and specialty trailers.

Finning Q1 profit drops on expected lower revenues

Heavy equipment dealer Finning International Inc. (TSX:FTT) saw its profit and sales sink in the first quarter, but its parts and service business was strong as more customers decided to fix up old equipment instead of buying new. It’s a side of its business Vancouver-based Finning, the world’s largest Caterpillar (NYSE:CAT), said helps keep it diversified in the current economic downturn. Finning said the parts and services side of its operations, which accounts for about one-third of its revenues, grew 16 per cent in the first quarter. The customer support business has nearly doubled in revenues in the past four years to $1.9 billion, and Finning has a goal to hit $2.3 billion in 2010. Finning has been hit hard by the recession as mining, oil and gas and other companies that use its equipment either put projects on hold, or cut costs at current sites. Last month, the company cut 170 jobs in B.C. and Alberta — including 23 in Red Deer — which is on top of hundreds of layoffs announced recently at its operations worldwide. Finning also laid off 69 workers at its Red Deer plant in March.

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