Caterpillar is focusing its CONEXPO presentation on demonstrating a remotely operated dozer and its expanded telematics reporting, but is also dealing with the fallout from a raid by IRS and Commerce Dept. agents of its Peoria, Ill. headquarters on March 2.
With signs of improvement in global equipment sales, including a few bright spots in the U.S., the equipment market saw consolidation and new developments in autonomous equipment in 2016.
Peoria, Ill.-based equipment maker Caterpillar Inc. announced Oct. 17 that its CEO and chairman Doug Oberhelman will retire from the company in March, 2017. Oberhelman has been with Caterpillar for 41 years, and was appointed CEO in 2010.
For months, the Export-Import Bank of the U.S. has been unable to vote on large new loans because its board is one member short of a quorum, putting on hold $20 billion in potential aid for U.S. sales overseas.
In a major step toward providing a common set of equipment data across mixed fleets, the telematics standard, which is being developed jointly by the Association of Equipment Manufacturers and the Association of Equipment Management Professionals, received approval on July 21 from the International Organization for Standardization (ISO) as a global standard.