Skip to main content

Quick Hits: October 28, 2020

Ranger Tugs and Cutwater Boats announce dealer awards; Cummins announces 3Q results.

Pacific Northwest builders Ranger Tugs and Cutwater Boats have announced dealer awards for 2020. For Ranger Tugs, Pocket Yacht Company — with dealerships in Maryland, North Carolina and Florida — was awarded its top domestic dealer; Bellingham Yachts was honored for top sales for Cutwater. Port Boat House, in British Columbia, Canada, was named largest international dealer for both brands. Awards were also given for gold dealer and rookie of the year. The complete list can be seen here.

Revenue at Cummins dropped to $5.1 billion, or by 11 percent in the third quarter, with North American sales declining 18 percent. Engine segment sales were $2.1 billion, down 13 percent from last year. “We are encouraged by the recovery in demand across our markets in the third quarter,” said Cummins chairman and CEO Tom Linebarger in a statement. “We will continue to manage cautiously through the remainder of the year as visibility on future orders remains low and the impact of the virus on economies around the world remains difficult to predict.”

Related

1_PMMPODCAST

Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week

1_AQUILA

Aquila Celebrates 10 Years

The builder said it has sold more than 500 power cats and is the No. 1 brand in that segment.

1_FISHERY.COUNCILS

Commerce Department Appoints Fishery Council Members

The Center for Sportfishing Policy said the new members are favorable to the recreation sector

Norm#4

Doing Good for a Good Night’s Sleep

The Massachusetts Marine Trades Association partnered with “A Bed for Every Child” to build beds for families in need.

1_RBFF.BOARD

RBFF Adds Six Board Members

The foundation said the board members add a breadth of experience from the fishing and boating industries as well as state government agency work.

1_PULSE.PING

DEALERS: How Was Business in the First Half of 2022?

Did the first six months of the year meet your expectations, and did you make budget? Take the Pulse Report survey here.

1_AKZO.CEO

AkzoNobel Names New CEO

The company said Gregoire Poux-Guillaume’s experience as CEO of two other companies includes a track record of growth and teambuilding.