Tag: Caterpillar: Page 53

Business

Caterpillar profit up 8% in 3Q, beats Wall Street expectations with slight uptick in sales

Caterpillar today announced an increase in both profit and sales during the third quarter, beating analyst expectations despite more declines in demand for mining equipment. The company announced profit of $1.017 billion, or $1.63 per share, an increase of 8 percent over third quarter 2013. Excluding $81 million in restructuring costs, profit would have been […]

October 23, 2014

Dealers

A new president at Pettibone; new locations for Takeuchi, Bomag, Trimble and more in this week’s Dealer News Roundup

Welcome to the Dealer News Roundup, your one-stop shop for all the moves going on inside the heavy equipment distributor industry. This week’s edition includes employee promotions and location expansions from several major manufacturers and. Pettibone names new president Pettibone-Heavy Equipment Group has named Scot Jenkins as the company’s new president, effective in October. Previously […]

October 22, 2014

Construction Equipment

Why Caterpillar’s autonomous mining tech is “completely different from anything” it’s ever done

Though self-driving vehicles are big topic of dissuasion in the realm of consumer technology right now, the usefulness to industrial markets has been obvious for some time. While Google is working on a driverless car and Tesla is already implementing autopilot technologies into the next edition of its Model S electric car, both Daimler and […]

October 16, 2014

Dealers

Caterpillar leadership sees shake-up as heads of mining and dealer support announce retirement

Caterpillar has announced the retirement of two group presidents and a vice president, all of which will take effect early next year. Steve Wunning, 63, is retiring from his post as group president for resource industries, which includes mining. Caterpillar says that Ed Rapp, 57, current group president for construction industries will replace Wunning. Tom […]

October 14, 2014

Construction Equipment

Caterpillar adds high-horsepower 297D and 297D XHP multi-terrain loaders to lineup

If  you’re looking for more muscle and a comfortable-all-day cab environment, Caterpillar showed us two new models that fit the bill–the 297D and 297D XHP—at a press event in Clayton, North Carolina last week. Judging by the numbers, the two machines punch well above their weight class. The 279D increased its horsepower by four percent, […]

October 9, 2014

Construction Equipment

Caterpillar launches steel-tracked 299D XHP with land management package

Of all the new designs Caterpillar unveiled to the press last week in Clayton, North Carolina, nothing got more second looks than the steel track undercarriage option mounted to a 299D XHP (compact track loader). With its elevated rear drive sprocket you might almost think Cat had come out with a D1 dozer. But no, […]

October 8, 2014

Construction Equipment

Caterpillar unveils 903C compact wheel loader with hydrostatic transmission, auxiliary hydraulics

Caterpillar has taken the wraps off its newest machine. The 903C compact wheel loader boasts an operating weight of 9,150 pounds and is designed for work in the construction, industrial, agricultural, landscaping and snow-removal markets. The machine is powered by the 42-horsepower, Tier 4 Interim Cat C2.4 engine and is paired with a hydrostatic transmission. […]

October 7, 2014

Construction Equipment

Financed new construction equipment sales up 11%; Bobcat T590 leads August top 10

Compared to one year ago, the number of new financed construction equipment units sold rose 11 percent this August, according to Equipment Data Associates figures. Used financed construction equipment sales on the other hand, continued their lackluster performance, with 3 percent fewer units sold this August than in August 2013. Year to date through August, […]

October 2, 2014

Construction Equipment

Why are new wheel loaders seeing more fuel efficiency gains than other Tier 4 machines?

For most machines, Tier 4 Final fuel efficiency gains are around 5 percent. Yet fuel efficiency for wheel loaders is up 20 percent and more. How is that possible? There’s not some magical technology applied to wheel loaders that’s yet to be rolled out to other machines. In fact, every technological advance on wheel […]

October 1, 2014

Construction Equipment

Caterpillar, police bust theft ring operating inside Texas engine plant

A recent investigation at Caterpillar’s Seguin, Texas plant led to nine felony arrests after the company, with the help of local police and the Texas Rangers, discovered an organized crime ring operating inside the plant. According to a report from the Seguin Gazette-Enterprise, the investigation began in August after a Caterpillar investigator contacted the Seguin Police Department […]

September 29, 2014

Roadbuilding

Caterpillar launches E2 Series mini hydraulic excavators

[imagebrowser id=16] Caterpillar unveiled today five new mini hydraulic excavators, all of which will benefit from a new hydraulic system and will be produced at the company’s new Athens, Georgia facility. The new E2 Series machines include the 303.5E2, 304E2, 305E2, 305.5E2 and 308E2. Each of the new machines will feature Cat’s new High Definition […]

September 25, 2014

Construction Equipment

Caterpillar launches E2 Series mini hydraulic excavators with new “Hi-Def” hydraulics, redesigned cab

[imagebrowser id=134] Caterpillar unveiled today five new mini hydraulic excavators, all of which will benefit from a new hydraulic system and will be produced at the company’s new Athens, Georgia facility. The new E2 Series machines include the 303.5E2, 304E2, 305E2, 305.5E2 and 308E2. Each of the new machines will feature Cat’s new High Definition […]

September 24, 2014