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.
The electric hum of a motor and the crunch of gravel under tires were the only audible sounds as a fully autonomous dump truck drove itself along a stretch of road up to a gravel pile at Volvo Construction Equipment’s customer center in Eskilstuna, Sweden.
In the latest development following an abandoned merger between two major global equipment makers, U.S.-based equipment maker Terex Corp. has received approval from antitrust regulators in the U.S. and the European Union to sell its material-handling and port solutions (MHPS) business unit to Finnish-based Konecranes.
