Crane backlog totaled $3.3 billion at March 31, 2008, up 72 percent from March 31, 2007. The backlog growth was driven by increased customer bookings in all geographic markets and in nearly all product categories. Growth was particularly strong in Europe and the Middle East, where our high-capacity lifting equipment supports high-growth energy and infrastructure projects.
Chief executive officer Glen Tellock said that the company expects capital programs at our domestic crane facilities and at selected European sites to provide near-term and long-term improvements in production output and efficiency.
