Tag Archive for 'Cat'

Cat Auction Services’ Denver Auction to Include TARCO Dispersal

Published on September 7, 2010 in Industry Activities. 0 Comments Tags: , , , , , .

Cat Auction Services has announced it will hold an unreserved public auction in Denver, Colo., on Thursday, September 30. Coming on the heels of heavy construction and agricultural equipment auctions in Des Moines, Iowa, and Omaha, Neb., Cat Auction Services returns to Colorado for the first time since its successful Grand Junction auction in early 2009. The event will be held at the TARCO, Inc., headquarters at 4781 West 58th Avenue in Arvada, Colo., and will feature a broad assortment of heavy construction equipment from multiple consigners including a complete dispersal for TARCO, Inc. The auction will begin at 9 a.m. local time.

More than 200 pieces of large equipment and a broad selection of smaller items and shop equipment have been consigned to the Denver auction thus far and more items are being added daily. The event is expected to generate interest from across the United States and around the world. Potential buyers are invited to view the entire equipment list and detailed TA-1 level inspection reports online prior to the event by visiting www. catauctions.com. Real-time online bidding will be available on the day of the auction through the company’s website. Participants are encouraged to register early.

Cat Auction Services President Rick Albin said, “In this business you need to take the time to get to know the people behind the consignments. One of our strengths is that we establish close relationships with business owners and help them manage their equipment inventories. Because we’re made up of a group of Caterpillar dealer partners, we know the business inside and out. I encourage anyone who has an interest in quality equipment to come out and see what we have to offer.”

Gary Trettel, chief finanacial officer and general manager, noted that the Denver auction will include a wide range of loaders, compactors, backhoes, motor scrapers, trucks and trailers from a variety of manufacturers like Caterpillar, Volvo, Case and Komatsu.

“We invite the people of the Denver area to stop out and see how we have raised the bar in the auction industry,” said Trettel. “The video on our Leaderboard display gives our buyers — both on-site and online — the ability to see each piece of equipment in action. That, combined with our detailed inspection reports, helps them accurately gauge the value of the item and make a confident bidding decision.” The Leaderboard is Cat Auction Services’ high-impact display screen located at the front of the auction theater, and the feedback the company has received has been extraordinarily positive.

Cat Auction Services entered the heavy equipment auction arena in late 2008 and has been active across the country. Reviews from all corners have been positive, and recent auctions have drawn buyers from 49 states and nearly three dozen countries. The recent auction in Omaha generated over $6 million in sales.

By conducting auctions that provide value to both the buyers and sellers, Cat Auction Services complements and enhances the relationship between Cat dealers and their customers. Cat Auction Services was formed through a unique partnership of Cat dealers with the endorsement of Caterpillar, Inc. The addition of a proprietary auction arm to the portfolio of services available to Cat customers and others in the heavy equipment industry builds upon the company’s existing customer loyalty.

More information about the company and consigning equipment to the September auction can be found at www.catauctions.com.

CatUsed and Cat Dealers Plan First Ever Sale at NASCAR Speedway

Published on August 12, 2010 in Daily Dirt and Industry Activities. 0 Comments Tags: , , , , , , .

CatUsed.cat.com and regional Cat dealers will hold the first ever Cat used equipment sale in conjunction with a NASCAR race. Regional Cat dealers and Cat Used Equipment Services will display more than 40 Cat machines adjacent to the Charlotte Motor Speedway, and all will be available for purchase during October 14 through 16—concurrent with Sprint Cup and Nationwide Series races at the track. The sale also will include systems to view the entire Cat dealer used equipment inventory on Catused.cat.com, which offers the largest selection of used Cat machines on the Web.

Caterpillar is the primary sponsor of the No. 31 Cat car driven by Jeff Burton in the premier level of NASCAR racing, the Sprint Cup Series. In support of the used equipment sale, the car will sport a special CatUsed paint scheme throughout the race weekend.

The sales event is open to the general public. Caterpillar especially encourages NASCAR fans involved in purchasing equipment to stop by the sale located just outside the track at turn 2. Cat Financial and Cat Insurance representatives will be on hand to help as will representatives from four regional Cat dealers—Carolina Cat, Blanchard Machinery, Carter Machinery and Gregory Poole Equipment.

The Cat Used equipment sale will be open to the public from Thursday, October 14 through Saturday, October 16 from 9:00 a.m. to 7:00 p.m.

For more information, customers should go to: Catused.cat.com

Mike Rowe, Dirty Jobs, Is Ready To Hit The Dirt With Caterpillar Customers And Dealers

Published on July 26, 2010 in Daily Dirt. 0 Comments Tags: , , , .

The Dirty Jobs creator and star is teaming with the company to showcase Caterpillar Customers, Dealers and Employees

Caterpillar Inc. has announced that it is partnering with Mike Rowe, the creator and star of the Discovery Channel’s Dirty Jobs and founder of mikeroweWORKS.com. With Mike’s dedication to the trades and Caterpillar’s commitment to its customers, the two have joined forces to highlight the important and essential work Caterpillar customers perform everyday.

Rowe will be spending time with Caterpillar customers and dealers to get a real world perspective on their jobs and how the two partner to be successful. These encounters will be featured on cat.com and at Cat Dealerships across the country and will be used to demonstrate the solutions that Cat Dealers provide their customers throughout the lifecycle of their equipment, highlighting their superior parts and service support.

“When hard work is being performed and progress is being made, Mike wants to be in the thick of it, so teaming with him is an absolute perfect fit,” said Denny Vosberg, Caterpillar Parts and Service Support Manager. “Our dealer personnel are the best in the world and have been supporting our customers with their critical work for generations. Now is the time to shine a light on it and Mike is going to help us with that.”

Rowe, who calls himself a perpetual apprentice, has performed more than 300 jobs in locations around the country via his show, Dirty Jobs, which is currently one of the Discovery Channel’s most popular programs. Mike is also the creator of mikeroweWORKS.com, a website dedicated to and for people in the trades to meet, discuss relevant topics and learn what is the latest in the industry. He says his partnership with Caterpillar was “inevitable” because the two share the same work philosophy.

“I see Cat equipment and the hard working people operating it around the world, building and creating infrastructure,” said Rowe. “I’m excited to go beyond the machine and talk with the people who are actually making it happen.”

Caterpillar Emissions Solutions Expands Capabilities Through Acquisition of CleanAIR Systems

Published on June 29, 2010 in Daily Dirt. 0 Comments Tags: , , , , , , , , .

Caterpillar Emissions Solutions has signed a definitive agreement to purchase CleanAIR Systems, Inc.  Upon completion of the transaction, CleanAIR Systems will become a wholly owned subsidiary of Caterpillar Inc. within the Customer Services Support Division.

CleanAIR Systems is a privately owned company in Santa Fe, New Mexico, and is a leader in designing and manufacturing customized stationary aftertreatment solutions for internal combustion engines.  The broad product line includes California Air Resources Board (CARB) verified particulate filters, oxidation catalysts and silencers as well as an innovative hybrid selective-catalytic-reduction/particulate-filter/silencer system. These products and CleanAIR’s engineering expertise have seen especially strong use in retrofitting engine-powered generators, and they have application in diverse industries.

“Lowering the emissions output of our legacy equipment is one of the most significant steps we can take to help our customers do their work in a more sustainable manner. The CleanAIR products add significantly to our ability to accomplish emissions reductions for our electric power, petroleum and marine customers,” said Terry Sears, Manager, Caterpillar Emissions Solutions. “Our goal is to be the leader and the preferred provider of emissions reduction technologies for the existing population of Cat products around the globe.”

In 2008, Caterpillar Emissions Solutions signed an Allied Vendor Agreement with CleanAIR Systems to strengthen the stationary aftertreatment business. The acquisition will build on the success of the vendor agreement and the working relationships developed with Cat® dealers. About 70 percent of CleanAIR products were going to Cat dealers under the agreement.

“We are extremely pleased that CleanAIR Systems has joined the Caterpillar family. After working together for several years as an allied vendor of Caterpillar, we feel this is a natural progression,” said Michael Roach, President, CleanAIR Systems, Inc. “My staff and I are looking forward to an exciting future helping the worldwide Cat Dealer Network and their customers meet air quality regulations.”

Caterpillar Emissions Solutions will provide marketing and engineering support to CleanAIR Systems, assist with CARB and EPA Verification, and jointly develop next-generation products for Caterpillar customers.

The acquisition is expected to close by July 1, 2010, pending final regulatory approvals.  CleanAIR Systems will remain headquartered in Santa Fe and will be known as CleanAIR Systems, Inc.- A Caterpillar Company.

Caterpillar’s Increased 2010 Outlook For Sales, Revenues And Profit Due To Improved Economic Conditions +

Published on May 2, 2010 in Daily Dirt. 0 Comments Tags: , , , , , , , .

Order rates and production have increased and, as a result, sales and revenues are expected to improve as the year unfolds.

ICaterpillar Inc. recently announced a first-quarter profit of $0.36 per share, up $0.55 per share from a loss of $0.19 per share in the first quarter of 2009. Excluding a tax charge of $90 million related to the recently signed U.S. health care legislation, profit in the first quarter of 2010 was $0.50 per share. The loss of $0.19 per share in the first quarter of 2009 included $558 million of employee redundancy costs. Excluding redundancy costs, profit in the first quarter of 2009 was $0.39 per share. First-quarter sales and revenues of $8.238 billion were down from $9.225 billion in the first quarter of 2009.

“Economic conditions are definitely improving, particularly in the world’s developing economies. Industry activity and orders are significantly higher than last year and are at record levels in some areas. As a result, we are hard at work ramping up production to meet increasing demand from customers,” said Chairman and Chief Executive Officer Jim Owens. “Despite the recession in 2009, we continued to invest in our facilities throughout the world, and those investments will position us for success as global growth continues. We are also seeing strong order activity related to mining and energy, and that should be very positive for our U.S. exports as the year unfolds,” Owens added.

First-quarter profit was $233 million compared with a loss of $112 million in the first quarter of 2009. The improvement in profit was a result of lower manufacturing costs, the absence of redundancy costs and favorable price realization. The improvements were partially offset by the impact of lower sales volume and higher taxes, including the $90 million charge related to the recently signed U.S. health care legislation.

“We are very encouraged by our performance in the first quarter. We focused on cost management and deployment of the Caterpillar Production System—factory efficiency improved, margins improved and our Machinery business returned to profitability,” Owens said. “In addition, cash flow was positive, and we strengthened our balance sheet with continued improvement in our debt-to-capital ratio. As a result, we are well positioned to invest for growth where needed,” Owens added.

Outlook

Caterpillar is increasing its outlook for 2010 by raising the sales and revenues range and profit expectations. For sales and revenues, the revised range is $38 to $42 billion. The revised 2010 profit outlook is a range of $2.50 to $3.25 per share.

“The main driver behind our improved outlook is robust growth in Asia/Pacific and Latin America and continued improvement in mining and energy globally,” Owens said.

“We are increasing production schedules and expect sales to improve as we move through 2010. We remain highly focused on execution—the deployment of the Caterpillar Production System using 6 Sigma, tight cost management, efficiently ramping up production and preparing for Environmental Protection Agency (EPA) Tier 4 emission requirements. We expect to continue to add employees around the world to support growth and in the United States to support growing exports. We are confident in the ability of the entire Caterpillar team—our suppliers, employees and dealers—to work together to meet growing customer demand,” Owens said.