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The UK Government is considering plans that could see motorists pay an annual fee of up to US$236.99 (£150) to use the country's motorways and trunk roads. The charges would be introduced as part of a move to reform vehicle excise duty, which currently raises $9.442 billion (£6bn) per year. Although the Government has dismissed the imposition of a flat-rate fee on those using the UK's largest roads, it has said that it is looking into introducing more sophisticated access charges. These would vary according

Palfinger achieved record revenues in 2012 of US$1.251 billion (€935.2 million) – a year-on-year rise of 10.6%. The Austrian manufacturer of cranes, hydraulic lifts, loading and handling systems says the increase was mainly due to strong trade in North America, South America, CIS and the global marine business sector, as well as the continuation of a consistent internationalisation policy pursued in recent years. A further positive trend was said to be observed in other non-European regions. Meanwhile, in E

The Fayat Group intends to buy a number of assets from CMI Terex from its road building operations. The purchase agreement covers acquisition of certain product lines in North America, and the road building operations of Terex in Brazil. This deal will be a significant breakthrough for Fayat’s road machinery subsidiary BOMAG as well as the mixing plant business unit operations Marini Ermont. “The addition of these product lines enhances the position of the Fayat Group as the only full liner in road buildi