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.
In an move it hopes will change the way contractors think about what compact equipment is capable of, Caterpillar is introducing the 304.5E2 XTC mini excavator, a 4-ton machine which has a manual skid-steer coupler on the front instead of a standard blade
As part of a larger realignment of its equipment offerings, Peoria, Ill.-based Caterpillar Inc. announced Feb. 26 that it is ceasing production of its line of on-highway vocational trucks.