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Caterpillar profit up 4% in 2Q despite decline in sales; improves full-year forecast

Caterpillar profit up 4% in 2Q despite decline in...

Posted by Wayne Grayson on Jul 24, 2014

Despite a dip in sales and continued soft demand for mining equipment, Caterpillar today announced a 4-percent increase in profit ...

Sales slump in China offsets gains elsewhere as Volvo CE operating income falls 43% in 2Q

Sales slump in China offsets gains elsewhere as Volvo...

Posted by Wayne Grayson on Jul 21, 2014

After kicking the year off with a sales boost and 29-percent increase in operating income during the first quarter, things ...

Cummins taps Rich Freeland president and COO, Dave Crompton president of engine business

Cummins taps Rich Freeland president and COO, Dave...

Posted by Wayne Grayson on Jul 09, 2014

Cummins today announced that it has named Rich Freeland president and chief operating officer of the company. Freeland will focus on ...

Contractor stresses importance of parts and service, tells equipment manufacturers: “You’re only as strong as your weakest dealer” (VIDEO)

Contractor stresses importance of parts and service,...

Posted by Marcia Gruver Doyle on Jun 30, 2014

Edgar Butsch, director of equipment operations, M.A. Mortenson Company, Minneapolis, had some kind but blunt words for equipment manufacturers attending ...

Exports of U.S.-made construction equipment fall 18.8% in 1Q; Africa region accounts for only gains

Exports of U.S.-made construction equipment fall 18.8%...

Posted by Wayne Grayson on Jun 11, 2014

Exports of construction equipment made in the U.S. fell 18.8 percent between first quarter 2013 and first quarter 2014, according ...

Caterpillar to close 3 Illinois component plants, move work to Michigan

Caterpillar to close 3 Illinois component plants, move...

Posted by Wayne Grayson on Jun 09, 2014

Caterpillar has announced that it will close three of its plants in Illinois in order to consolidate the work at ...

Caterpillar hires former Transportation Sec. Ray LaHood

Caterpillar hires former Transportation Sec. Ray LaHood

Posted by Amanda Bayhi on Jun 06, 2014

Caterpillar has hired former Transportation Secretary Ray LaHood to serve as a consultant, the company announced Thursday. Caterpillar says LaHood will ...

Caterpillar CIO Randy Krotowski resigns

Caterpillar CIO Randy Krotowski resigns

Posted by Wayne Grayson on Jun 04, 2014

Caterpillar Chief Information Officer Randy Krotowski has resigned from the company. Krotowski's departure was effective June 1. The Caterpillar announcement did ...

Volvo, Terex finalize articulated truck, rigid-frame truck sale

Volvo, Terex finalize articulated truck, rigid-frame...

Posted by Marcia Gruver Doyle on Jun 02, 2014

Announced this past December, Terex’s sale of its off-highway rigid-frame and articulated trucks to Volvo Construction Equipment is now complete, ...

VIDEO: Caterpillar excavator tiptoes through China shop, stacks glass, somehow doesn’t break anything

VIDEO: Caterpillar excavator tiptoes through China...

Posted by Wayne Grayson on May 27, 2014

While Caterpillar hit viral video status with a video focusing on a massive game of Jenga, its latest Built For ...

John Deere profit drops 10% in 2Q, sales and revenues fall 9%

John Deere profit drops 10% in 2Q, sales and revenues...

Posted by Amanda Bayhi on May 14, 2014

Snapping a streak of 15 consecutive quarters with record earnings, John Deere announced Wednesday declines in both profit and revenues ...

JCB sales dip, profit drops 14% in FY 2013

JCB sales dip, profit drops 14% in FY 2013

Posted by Wayne Grayson on May 12, 2014

British equipment maker JCB saw profit and sales fall during fiscal year 2013, mostly impacted by a slowdown in emerging ...

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