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Caterpillar 3Q profits down 44%, cuts outlook for 2013 once more

Caterpillar 3Q profits down 44%, cuts outlook for 2013...

Posted by Wayne Grayson on Oct 23, 2013

Caterpillar is reporting another down quarter due to decreased mining demand with third quarter sales and revenues down 22.5 percent ...

Navistar loses $247 million in Q3, cuts 500 employees from workforce

Navistar loses $247 million in Q3, cuts 500 employees...

Posted by Jack Roberts on Sep 04, 2013

Navistar’s efforts to restore the company’s profitability took a logical yet unenviable turn Tuesday as the company announced plans to ...

Caterpillar announces retirement of 3 VPs alongside realignments and new Strategic Services Division

Caterpillar announces retirement of 3 VPs alongside...

Posted by Wayne Grayson on Aug 21, 2013

Caterpillar on Tuesday announced the retirement of three longtime vice presidents, two division realignments and a newly-created Strategic Services Division. Mike ...

Forecast expects global demand for construction equipment to reach $189 billion by 2017

Forecast expects global demand for construction...

Posted by Wayne Grayson on Aug 13, 2013

Citing growth in Asia, primarily in China, a new forecast expects global demand for construction equipment to rise at a ...

Volvo Construction Equipment 2Q sales fall 19%, operating income down 52 percent

Volvo Construction Equipment 2Q sales fall 19%,...

Posted by Wayne Grayson on Jul 26, 2013

Attributing year-over-year declines to "weaker sales, especially in the mining industry," Volvo Construction Equipment reported its second quarter results with ...

U.S. government launches investigation into Manitowoc’s patent claims against Sany

U.S. government launches investigation into...

Posted by Wayne Grayson on Jul 12, 2013

The U.S. International Trade Commission has announced that it will open an investigation into patent infringement claims made against Sany ...

Bloomberg profile of Caterpillar CEO focuses on gap between profits and worker pay

Bloomberg profile of Caterpillar CEO focuses on gap...

Posted by Wayne Grayson on May 20, 2013

Bloomberg Businessweek recently profiled Caterpillar CEO Doug Olberhelman, pulling very few punches in the process. The profile refers to Olberhelman as ...

Caterpillar names Peoria baseball stadium “Dozer Park”

Caterpillar names Peoria baseball stadium “Dozer...

Posted by Wayne Grayson on May 13, 2013

In what has to be one of the most unique names for a ballpark to date, Caterpillar has named the ...

Hyundai Construction Equipment Americas names Seok Myung Yoon  president and CEO

Hyundai Construction Equipment Americas names Seok...

Posted by Wayne Grayson on May 08, 2013

Hyundai Construction Equipment Americas named Seok Myung Yoon its new President and CEO Wednesday. Yoon, known by most as Sam, comes ...

JCB celebrates 1 millionth machine: a JS220 tracked excavator

JCB celebrates 1 millionth machine: a JS220 tracked...

Posted by Wayne Grayson on May 07, 2013

JCB recently celebrated its 1 millionth machine rolling off the assembly line with a big event at the company's headquarters ...

Caterpillar to close South Carolina plant that employs 280 people

Caterpillar to close South Carolina plant that employs...

Posted by Wayne Grayson on May 01, 2013

In what the Charleston, South Carolina Post and Courier calls "a sizable blow" to the region's manufacturing industry, Caterpillar has ...

CNH reports increased first-quarter profits and sales despite sharp decline in construction equipment

CNH reports increased first-quarter profits and sales...

Posted by Wayne Grayson on Apr 30, 2013

Equipment manufacturer CNH Global announced its first-quarter financial results this morning with the positive news of increases in both sales ...

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