More From Business

Construction spending jumps 1.5% in January on nonresidential gains

Construction spending jumps 1.5% in January on...

Posted by Wayne Grayson on Mar 02, 2016

U.S. construction spending jumped 1.5 percent in January over an already 8-year high reached in December. Total spending rose to $1.14 ...

Another Caterpillar VP retires with company’s consolidation of Electric, Marine power divisions

Another Caterpillar VP retires with company’s...

Posted by Wayne Grayson on Feb 24, 2016

Caterpillar announced today the retirement of another vice president as the company continues implementing changes associated with its sweeping cost ...

ARA’s Rental Penetration Index down slightly in 2015 despite “robust” non-residential market

ARA’s Rental Penetration Index down slightly in...

Posted by Marcia Gruver Doyle on Feb 22, 2016

The American Rental Association’s Rental Penetration Index, which has been on a steep incline in the past five years, saw ...

China’s Zoomlion confirms offer to woo Terex away from Konecranes merger

China’s Zoomlion confirms offer to woo Terex away...

Posted by Wayne Grayson on Feb 17, 2016

Chinese equipment manufacturer Zoomlion has officially confirmed an offer made to Terex to buy the company, despite Terex's plans to ...

A symbolic nudge toward embargo’s end, Caterpillar names dealer for Cuba

A symbolic nudge toward embargo’s end,...

Posted by Wayne Grayson on Feb 10, 2016

Whenever the United States decides to officially lift its 55-year-old trade embargo on Cuba, Caterpillar will be ready. The heavy equipment manufacturer today announced ...

Volvo CE doubles operating income in 2015 despite sales decline

Volvo CE doubles operating income in 2015 despite sales...

Posted by Wayne Grayson on Feb 09, 2016

Despite a decrease in sales during 2015, Volvo Construction Equipment managed a huge improvement in operating income for the year ...

With oil prices plummeting, Obama says now is time to raise gas tax

With oil prices plummeting, Obama says now is time to...

Posted by Bobby Atkinson on Feb 09, 2016

Gas prices are continuing to drop to historic lows, and there's really no sign the trend will reverse any time ...

Construction adds 28,000 jobs in January

Construction adds 28,000 jobs in January

Posted by Wayne Grayson on Feb 08, 2016

The U.S. construction industry continued its streak of employment gains in January, adding 28,000 jobs. The industry now employs 6.615 million ...

Chinese, mining demand drags down Komatsu sales as profit falls 11% in first 9 months of the year

Chinese, mining demand drags down Komatsu sales as...

Posted by Wayne Grayson on Feb 02, 2016

Komatsu says its sales are brisk in North America but continued difficulty with slack demand for equipment from Chinese customers ...

Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan

Caterpillar to close 5 more plants, cut 670 jobs as...

Posted by Wayne Grayson on Feb 01, 2016

As part of the company's cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round ...

Caterpillar profit fell 43% in 2015; 4Q loss comes as construction, mining sales weaker than expected

Caterpillar profit fell 43% in 2015; 4Q loss comes as...

Posted by Wayne Grayson on Jan 28, 2016

Despite slashing its sales outlook in tandem with an October announcement of a sweeping cost reduction plan, Caterpillar's full-year sales still fell below ...

Why Caterpillar invested in Powerhive, a smart microgrid delivering affordable power to developing communities

Why Caterpillar invested in Powerhive, a smart...

Posted by Wayne Grayson on Jan 27, 2016

Since 2012, PowerHive has been delivering electricity to spread-out rural communities in developing nations. The company does this through a ...

advertisement
advertisement
advertisement
advertisement