Following a dramatic March 2 raid that saw the company’s Peoria, Ill., headquarters and two other nearby facilities searched by federal officials, Caterpillar offered few new insights into the long-running tax investigation that likely prompted the action.
There was a lot of traffic past the Camso booth at CONEXPO-CON/AGG this year, but the biggest crowd was drawn to the track conversion kit for compact equipment.
While solar-powered light poles may be a bit of a niche market, new advances in photovoltaic collectors and battery technology have smaller players looking to gain market share.
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.
The annual parade of heavy iron past the viewing stands at the Ritchie Bros. auction in Orlando, Fla., is often taken as a bellwether for the health of the equipment industry.
After two-years of building up its user base in the lower Midwest, peer-to-peer construction-equipment rental service EquipmentShare recently has secured $26 million in private equity funding.
