Equipment

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This fall’s continued slowdown in truck sales already has started to bring year-end savings, offering work-truck buyers an opportunity to look for deals.

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. 

With the global mining industry still digging out of commodity slowdowns, much of the heavy equipment on display at this year’s MINExpo International exhibition was geared toward solving technological problems in time for the next boom.

While overall truck sales have taken a pause, Ford reports that its larger F-650 and F-750 models are still firing on all cylinders.