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News Stories (38 Results) - Caterpillar

Caterpillar Inc. announced it will move its global headquarters to the company’s existing office in Irving, TX, from its current location in Deerfield, IL.“We believe it’s in the best strategic interest of the company to make this move, which... Read Story
June 17, 2022, 07:10 AM

Caterpillar Inc. announced changes to its Executive Office with the retirements of Group Presidents William (Billy) P. Ainsworth and Ramin Younessi at year-end 2020, and appointments of Joseph (Joe) E. Creed and Anthony (Tony) D. Fassino, effective... Read Story
October 21, 2020, 07:11 AM

Snorkel, a global manufacturer of mobile elevating work platforms, announced its partnership with Caterpillar Inc. as a preferred vendor for The Cat Allied Vendor Program.Expanding upon the existing relationship that Xtreme Manufacturing has enjoyed... Read Story
April 30, 2020, 07:00 AM

EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, has announced the winners of the 2020 Highest Retained Value Awards (HRVA) and the 2020 Lowest Cost of Ownership Awards (LCO).Manufacturers taking home... Read Story
March 23, 2020, 07:05 AM

Affiliates of Paceline Equity Partners, LLC, a Dallas-based private equity manager, announced they have acquired Progress Rail Equipment Leasing Corporation (PRELC), a lessor of railroad maintenance-of-way (MOW) equipment and services, from Progress... Read Story
January 03, 2020, 07:25 AM

EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, has announced the winners of the 2019 Highest Retained Value Awards (HRVA) and the 2019 Lowest Cost of Ownership Awards (LCO). The announcement was made... Read Story
February 05, 2019, 07:20 AM

Citi Retail Services announced a long-term agreement with Caterpillar Financial Services Corporation (Cat Financial) to provide a private label credit card program in the United States and Canada. Cat Financial will jointly manage the overall program... Read Story
August 17, 2018, 07:22 AM

Following an extensive global search, Caterpillar Inc. announced its board of directors has appointed Andrew Bonfield as Chief Financial Officer effective Sept. 1. Bonfield will succeed Brad Halverson, whose retirement became effective May 4.Bonfield... Read Story
May 07, 2018, 07:20 AM

As Texas battles one of the worst storms to hit the state in decades, the Caterpillar Foundation is announcing a $300,000 donation to the American Red Cross to aid in immediate relief efforts. Hurricane Harvey, which made landfall as a Category 4... Read Story
August 28, 2017, 07:00 AM

Caterpillar announced Doug Hoerr, vice president of the Material Handling & Underground Division (MH&U), has elected to retire from the company. Caterpillar’s board of directors has appointed a new vice president, and the company is also announcing... Read Story
June 29, 2017, 07:22 AM

Ritchie Bros. and Caterpillar launched a strategic alliance, originally announced in 2016, following the Ritchie Bros. acquisition of IronPlanet, a leading online marketplace for heavy equipment and other durable assets.  Under the alliance, Ritchie... Read Story
June 05, 2017, 07:03 AM

Ritchie Bros. announced that it completed its acquisition of IronPlanet®. Ritchie Bros. acquired IronPlanet for approximately $758.5 million, subject to customary closing adjustments. The acquisition was financed through a combination of Ritchie Bros... Read Story
June 01, 2017, 07:16 AM

EquipmentWatch has announced its 2nd annual list of Highest Retained Value Award winners – the industry’s only award based on residual values of heavy equipment. Top honors in each category were given to the model/series projected to retain the... Read Story
February 22, 2017, 07:10 AM

Caterpillar announced it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed the ongoing importance of its presence in Peoria and Central Illinois. “Caterpillar’s Board of... Read Story
February 03, 2017, 06:47 AM

Caterpillar announced fourth-quarter and full-year results for 2016. Sales and revenues in the fourth quarter of 2016 were $9.6 billion, down from $11.0 billion in the fourth quarter of 2015. Fourth-quarter 2016 was a loss of $2.00 per share... Read Story
January 27, 2017, 07:05 AM

Lydian International Limited announced that its wholly owned Armenian operating subsidiary has entered into a secured credit facility with Caterpillar Financial Services (UK) ("Cat Financial") for a maximum principal amount of US$42 million ("Cat... Read Story
December 29, 2016, 07:48 AM

Following the previous announcement of changes and appointments in Caterpillar’s Executive Office, and due to the retirement of two long-serving vice presidents, Caterpillar Inc. announced its Board of Directors has appointed three new vice... Read Story
December 27, 2016, 07:15 AM

The National Association of Manufacturers (NAM) has announced that Caterpillar Group President of Resource Industries Denise Johnson has been elected to the NAM Board of Directors. Johnson will join the NAM Board for a two year term, beginning in... Read Story
November 14, 2016, 07:03 AM

Ritchie Bros. and Caterpillar Inc. announced that they have entered into a strategic alliance agreement.  The strategic alliance is expected to deliver significant benefits to both companies, Caterpillar's independent dealers and their respective... Read Story
August 30, 2016, 07:10 AM

Caterpillar announced it will discontinue production of its on-highway vocational trucks. Based on the current business climate in the truck industry and a thorough evaluation of the business, the company decided it would withdraw from this market.... Read Story
February 29, 2016, 07:18 AM

Atlantic Gold Corporation announced that it has executed a commitment letter and supporting term sheet with Caterpillar Financial Services Corporation ("Cat Financial"), pursuant to which Cat Financial has agreed to underwrite up to $20 million in... Read Story
February 23, 2016, 07:00 AM

IronPlanet® sold more than 2,350 items for $93.8 million in gross merchandise volume, or GMV, at its Cat Auction Services unreserved public auction in Kissimmee, FL, last week. GMV from IronPlanet’s five-day sale held from February 8 – 12, 2016... Read Story
February 19, 2016, 07:00 AM

Caterpillar Inc. (NYSE: CAT) announced that the company’s Board of Directors has elected Denise Johnson, currently vice president with responsibility for the Material Handling & Underground Division, as group president of Resources Industries. The... Read Story
January 18, 2016, 07:05 AM

Penton’s EquipmentWatch, the leader in equipment values, data and intelligence for over 50 years, has launched the 1st Annual EquipmentWatch Residual Value Awards, a new industry awards program based on asset value retention. The program recognizes... Read Story
December 10, 2015, 07:04 AM

IronPlanet and Finning International, the largest Cat® dealer in the world, announced that Finning has agreed to jointly market used heavy equipment through Cat Auction Services, IronPlanet’s unreserved  auction marketplace. Finning will be hosting... Read Story
August 26, 2015, 07:12 AM

Patriot Equipment Finance LLC (PEF) has provided a $2 million lease solution for a Toronto, Canada based construction company. The transaction consisted of Caterpillar equipment. The client turned to PEF after thoroughly reviewing and consulting with... Read Story
April 16, 2015, 07:17 AM

Caterpillar Inc. announced it has entered into a technology and predictive analytics agreement with Uptake, provider of a dynamic analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a... Read Story
March 06, 2015, 07:08 AM

IronPlanet and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent Cat® dealers, that operates under the name of Cat Auction Services (hereinafter referred to as “Cat Auction Services”), confirmed that they have... Read Story
December 22, 2014, 07:10 AM

Cat Financial reported second-quarter 2014 revenues of $728 million, an increase of $34 million, or 5 percent, compared with the second quarter of 2013. Second-quarter 2014 profit after tax was $146 million, a $35 million, or 32 percent, increase... Read Story
July 25, 2014, 07:00 AM

Caterpillar announced a name change of its former Power Systems segment to Energy & Transportation. The new segment name was announced at CONEXPO-CON/AGG 2014, the largest construction equipment tradeshow in North America. “Global economic growth... Read Story
March 17, 2014, 06:00 AM

The Board of Directors of Cat Auction Services (CAS) announced today that Gary Trettel, previously its Chief Financial Officer and General Manager, will take over as the company's new President and CEO, effective immediately.  Rick Albin, the former... Read Story
January 14, 2014, 06:41 AM

Caterpillar and Trimble, a global leader in technology solutions, today announced new agreements that will bring complete, technology-enabled construction jobsite solutions to the market.  Building on a partnership that spans nearly 20 years, the new... Read Story
January 06, 2014, 06:47 AM

The company has revised its 2013 outlook and now expects sales and revenues to be about $55 billion, with profit per share of about $5.50.  The previous outlook for 2013 sales and revenues was a range of $56 to $58 billion with profit per share of... Read Story
October 24, 2013, 07:02 AM

IronPlanet announced the addition of Sue McGregor as managing director for Canada. Sue will be responsible for expanding sales and operations in Canada, a key revenue growth market for IronPlanet.“Sue brings over 20 years of proven experience... Read Story
August 22, 2012, 07:06 AM

MarketWatch reported that Caterpillar chief executive, Doug Oberhelam said the global economic outlook is more uncertain today than during late 2008, but stated the situation is not as severe, according to a report issued by The Financial Times on... Read Story
August 20, 2012, 07:18 AM

Caterpillar announced second-quarter 2012 sales and revenues were $17.374 billion, an all-time record, and a 22% increase from second-quarter 2011 sales and revenues of $14.230 billion.  "I am very pleased with Caterpillar's record-breaking... Read Story
July 26, 2012, 07:36 AM

Caterpillar Inc. announced it has signed an agreement that would result in Platinum Equity acquiring a 65% equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics... Read Story
May 11, 2012, 07:30 AM

Caterpillar Inc. reported first-quarter 2012 sales and revenues of $15.981 billion, up 23% from $12.949 billion in the first quarter of 2011. Profit was a record $1.586 billion in the quarter, an increase of 29% from $1.225 billion in the first... Read Story
April 25, 2012, 07:30 AM