Tag: Cat dealers: Page 3

Dealers

Cat investment in Airware to accelerate rollout of drone program at dealerships

In a move signaling the heavy equipment manufacturer’s intent to more fully integrate drones and the aerial data they capture into the workflows of construction jobsites and mining operations around the world, Caterpillar has made an investment in Airware, a company that offers end-to-end commercial drone solutions. A joint announcement released by Caterpillar Ventures (the company’s investment […]

February 7, 2017

Dealers

Cat dealer Ring Power’s director of used heavy equipment sales retires after 44 years

Frank Fowler, senior vice president and director of used heavy equipment sales for Caterpillar dealer Ring Power, has retired. Fowler spent 44 years with the Florida-based dealership, having first started in the parts warehouse at their corporate office in 1972. He has served as a parts counter salesperson, equipment sales administrator, equipment rental manager and […]

January 26, 2017

Dealers

Cat opts for omni channel distribution approach with new gen set line

With its announcement that Cat is entering the portable gen set market, one part of the announcement may have escaped notice: the company is going beyond its dealer network to distribute these products. And, although Cat is remaining mum on exactly what’s next for their new Home & Outdoor Power division, it’s clear that there […]

November 8, 2016

Dealers

Caterpillar dealer inventories down from 2015 with more “substantial” reductions coming

Aside from lower oil prices and sagging demand for mining equipment around the globe, sales of Caterpillar heavy equipment have also been negatively impacted by lower dealer inventories. In a statement on dealer inventories accompanying its third quarter earnings—which included reduced expectations for fiscal year 2016 sales—the company says dealer inventories in the third quarter of […]

October 27, 2016

Dealers

Caterpillar, dealers to invest $1 billion to expand footprint, workforce training throughout Africa

Caterpillar has announced plans to expand its footprint and workforce development program in countries throughout Africa through a $1 billion investment over the next five years. In addition to improving the company’s parts distribution capacity across the continent and building new Certified Rebuild Centers, the investment will add new dealer branch locations and expand the […]

September 22, 2016

Dealers

Largest Cat dealer Finning sees 22% decline in 2Q revenues

Vancouver-based Finning International, the world’s largest Caterpillar dealer, recently reported its second quarter 2016 results, with significant reductions in selling, general and administrative expenses and improvements in free cash flow, but a 22-percent drop in revenues from all operations. “The second quarter results demonstrated the benefit of actions taken to improve our operating performance and […]

September 7, 2016

Dealers

MacAllister Machinery breaks ground on new HQ, a JCB Mudfest and more in the latest Dealer and Manufacturing News Roundup

MacAllister Machinery breaks ground for new headquarters Indiana’s Caterpillar equipment dealer, MacAllister Machinery, celebrated a groundbreaking for its new headquarters on the Southeast side of Indianapolis. The 133-acre tract will house MacAllister’s new 345,000 square-foot headquarters and will allow the company to consolidate its heavy equipment shops, parts warehouse, light equipment sales and service and […]

July 17, 2015

Technology

Caterpillar partners with Modustri to provide immediate parts wear inspection data in the field

The latest in a growing string of tech investments and partnerships for the company, Caterpillar announced today a collaboration that will give its customers access to mobile-based equipment wear management hardware in the field. The world’s largest heavy equipment manufacturer has entered into a strategic alliance with Modustri, the developer of the HDE Product Suite, a […]

June 17, 2015

Dealers

Caterpillar invests in, adds dealer inventory to Yard Club, an online contractor-to-contractor equipment rental service

Most contractors outside of San Francisco have likely never heard of Yard Club. But thanks to an investment from and substantial partnership with Caterpillar, that’s about to change. Caterpillar announced today that it has entered into an agreement that will greatly expand the startup equipment rental service, founded in 2013. Much in the same way […]

May 7, 2015

Dealers

Caterpillar dealers FABCO, Fabick Cat announce plans to merge

Cat dealers FABCO Equipment, out of Milwaukee, Wisconsin, and John Fabick Tractor (Fabick Cat), of Fenton, Missouri, are merging to create “one of the largest and most dynamic Caterpillar dealerships in the nation,” according to an announcement by the two companies. The companies are currently lead by cousins Doug Fabick, Fabick Cat president and COO, […]

February 18, 2015

Business

IronPlanet and Cat Auction Services announce merger

Online equipment marketplace IronPlanet and the Caterpillar dealer channel for used equipment sales, Cat Auction Services, have announced a merger. The two companies promise a “unique auction experience, backed by technology.” The merger looks to be a move by IronPlanet to incorporate onsite auctions into its currently online-only format and caps off a pretty big […]

December 22, 2014

Dealers

Caterpillar pushes dealers missing out on billions in sales each year to increase use of telematics data

Contractors aren’t the only ones not using telematics. Dealers of the largest heavy equipment manufacturer in the world are also being urged to up their use of the valuable data the technology creates. Caterpillar says its dealers are failing to capture somewhere in the range of $9 billion and $18 billion in revenue each year, […]

May 21, 2014