Tags: CAT

Caterpillar plans up to 10,000 job cuts as part of extensive $1.5 billion cost reduction plan

Sep 27, 2015

Caterpillar plans up to 10,000 job cuts as part of extensive $1.5 billion cost reduction plan

In the midst of a third straight year of down sales and revenues, Caterpillar has announced further cost cutting and restructuring in order to lessen the impact of what will likely be off a fourth-straight down year in 2016—a first in ...

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Caterpillar mining VP retires amid leadership shakeup

Sep 27, 2015

Caterpillar mining VP retires amid leadership shakeup

Chris Curfman, the chief mining executive at Caterpillar, will retire at the end of the year, ending a more than 20-year career at the company. Caterpillar announced the move this week amid big changes for the company, including a massive $1.5 billion cost ...

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Top Operations: Michels Materials’ Waterloo Quarry

Sep 21, 2015

Top Operations: Michels Materials’ Waterloo Quarry

« Click here to return and cast your vote for the Waterloo Quarry in the Top Operations contest   Click here to return to see all the entries in the Top Operations contest »   Portable plants are key in keeping Waterloo Quarry productive ...

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Caterpillar to lay off another 475 employees

Aug 30, 2015

Caterpillar to lay off another 475 employees

Caterpillar has announced another round of layoffs, this time releasing 475 employees as the company's cost-cutting efforts in the face of waning demand continue. According to a report from the Peoria Journal Star, the cuts will affect staff in the Customer Services Support ...

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Caterpillar a primary target of insider trading ring busted for hacking access to press releases

Aug 26, 2015

Caterpillar a primary target of insider trading ring busted for hacking access to press releases

Caterpillar company secrets were a favorite target for an alliance of hackers and stock traders busted by U.S. officials earlier this month for insider trading that reaped tens of millions in illegal profits. According to a report from the Wall Street Journal, ...

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Navistar to launch new line of severe duty work trucks once split with Cat is complete

Aug 12, 2015

Navistar to launch new line of severe duty work trucks once split with Cat is complete

With Caterpillar's announcement this morning that it would begin designing and building vocational trucks on its own, Navistar, Cat's partner in the work truck business up to this point, has announced plans to launch a new line of trucks once the partnership ...

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Making sense of the split: Don’t worry about Navistar, but where will Caterpillar find its 15-liter truck engine?

Aug 03, 2015

Making sense of the split: Don’t worry about Navistar, but where will Caterpillar find its 15-liter truck engine?

The big news story last week was, of course, Cat and Navistar breaking up. At first brush, given Navistar’s fresh troubles with a brand-new EPA lawsuit, you’d be forgiven for thinking Cat’s move was a sign of more trouble in Lisle, ...

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Caterpillar will continue using Navistar engines in vocational truck line despite production split

Jul 30, 2015

Caterpillar will continue using Navistar engines in vocational truck line despite production split

Caterpillar has decided to amicably end its on-highway truck production partnership with Navistar and venture out on its own, moving production of the Cat CT-Series trucks, which The Wall Street Journal estimates to be about 1,000 units a year, to a shared production facility in ...

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Caterpillar profits fall 29% in 2Q as company cuts full-year forecast

Jul 23, 2015

Caterpillar profits fall 29% in 2Q as company cuts full-year forecast

A continued and severe lack of demand for mining equipment worldwide, coupled with lower construction equipment sales in China and Brazil brought Caterpillar sales and profits down during the second quarter. In earnings released Thursday the company reported a decrease in ...

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Caterpillar’s Era of Analytics: Coaching customers, autonomous machines and more tech the Iron Giant is planning for the future

Jul 19, 2015

Caterpillar’s Era of Analytics: Coaching customers, autonomous machines and more tech the Iron Giant is planning for the future

Five years ago, hardly any heavy equipment was connected with telematics, says Paolo Fellin, vice president of construction and infrastructure industries at Caterpillar. Today, he says, the company has more than 300,000 connected machines worldwide. "Two years ago, when I visited ...

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Mining slump leads to Cat layoffs

Jun 25, 2015

Mining slump leads to Cat layoffs

A drop in the demand for mining equipment has led to another round of layoffs at Caterpillar's East Peoria campus in Illinois. Reuters reported that Cat laid off 50 employees at the East Peoria office on Monday. With the latest layoffs, Cat ...

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VIDEO: Caterpillar built a moving golf course atop dump trucks and loaders to create the true Greatest Game Ever Played

Jun 18, 2015

VIDEO: Caterpillar built a moving golf course atop dump trucks and loaders to create the true Greatest Game Ever Played

As if golf wasn't frustrating enough, the evil minds at Caterpillar thought it would be fun if the holes moved. But how does one create a moving golf course? After all, though they may be hard to hit, greens aren't exactly small. ...

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