Fri October 12, 2012
Caterpillar Previews Natural-Gas Powered Product Initiative
Visitors to the Caterpillar MINExpo exhibit had the opportunity to learn more about the company’s strategic direction for natural-gas powered products. A portion of the exhibit was devoted to the Cat liquefied natural gas (LNG) product initiative....
Fri October 05, 2012
Cat MD5150 Track Drill Reduces Cycle Time, Improves Productivity
Caterpillar’s MD5150 track drill is a customer-inspired design that delivers power and airflow for fast, efficient drilling of holes up to 6 in. (15 cm) in diameter. Benefiting from more than 50 years of track drill design, the MD5150 incorporates a rock drill, carousel rod changer, new cab and many other features that boost productivity and reduce operating costs, according to the manufacturer....
Thu October 04, 2012
Caterpillar Plans Late-Year Shutdown in Decatur
DECATUR, Ill. (AP) Days after saying it is worried about the slow pace of the global economy Caterpillar Inc. said it will shut down parts of its operations in Decatur for a week in November and all of December as demand for some products drops....
Thu September 27, 2012
Caterpillar Cuts 2015 Profit Outlook
LAS VEGAS (AP) — The world’s largest maker of construction and mining equipment is lowering expectations for its profit in 2015 because of slower-than-expected growth in the global economy....
Fri September 07, 2012
Caterpillar Celebrates Grand Opening of Hydraulic Excavator Facility in Victoria, Texas
Executives from Caterpillar Inc. and leaders from the state of Texas celebrated the grand opening of Caterpillar’s hydraulic excavator facility in Victoria, Texas. The new, 1.1 million-sq.-ft. operation represents a $200 million investment by Caterpillar to increase excavator capacity and production in the United States....
Thu August 30, 2012
Caterpillar’s Striking Joliet, Ill., Workers Ratify Agreement
JOLIET, Ill. (AP) Nearly 800 striking workers at the Caterpillar Inc. plant in Joliet ratified a new contract Aug. 17 with the heavy equipment manufacturer after spending months on the picket line. Caterpillar said in a statement that members of the International Association of Machinists and Aerospace Workers voted to approve the new proposal....
Wed August 29, 2012
Caterpillar Announces new Distribution Center in Australia
Caterpillar Logistics Inc. recently announced plans for a new parts distribution center in Yatala, Australia (between Brisbane and the Gold Coast). When at full capacity, the 500,000-square-foot facility will employ up to 150 people and is expected to be operational mid-2013....
Wed August 08, 2012
Ritchie Bros. to Sell More Than 60 Caterpillar D11 Crawler Tractors During Sept. Auction in North Ca
Ritchie Bros. Auctioneers will conduct a massive mining and earthmoving equipment auction on September 27, 2012 during the Company’s grand opening auction at its new permanent auction site in Raleigh-Durham, North Carolina....
Josh Funk - AP BUSINESS WRITER - Fri August 03, 2012
Caterpillar Shares Jump as Profit Grows
Caterpillar Inc.’s second-quarter profit soared 67 percent because of growing demand for its construction and mining equipment, and the company boosted its outlook for the year. Caterpillar is the world’s largest maker of construction and mining equipment, and its results are watched closely because they are considered an indicator of industrial activity and the health of the overall economy....
Wed July 25, 2012
Caterpillar Reports Best Quarter in History and Raises 2012 Profit Outlook
Caterpillar Inc. has announced second-quarter 2012 profit per share of $2.54, an all-time quarterly record, and a 67-percent increase from second-quarter 2011 profit per share of $1.52. Sales and revenues were $17.374 billion, also an all-time record, and a 22-percent increase from second-quarter 2011 sales and revenues of $14.230 billion....
