Tag Archive for 'Caterpillar'

CONEXPO-CON/AGG 2020

The Construction Industry Came Together in a Big Way at CONEXPO-CON/AGG & IFPE 2020The show demonstrated that the U.S. equipment industry remains optimistic despite concerns about COVID-19.

Every three years CONEXPO-CON/AGG brings contractors, dealers, distributors, service providers, engineers, producers and construction media together. No other show connects attendees from every major construction sector to experience the unveiling of new technologies and products, share knowledge, network with industry peers and buy equipment.

The weeks before the show were filled with phone calls, text messages and emails all asking the same question, “Are you going to CONEXPO?”

I went and was not alone, by any means. Registrations for the show totaled over 130,000. At the conclusion of the show, cancellations from international attendees totaled less than 1 percent. 

Exhibitors across the show, from the Festival Grounds to North Hall to Bronze Lot to South Hall, expressed enthusiasm for the tremendous engagement they received from contractors and producers looking to purchase equipment. 

“We refer to CONEXPO-CON/AGG as the ‘heavy metal’ show, but it’s more than that. It’s also small equipment, education and technology. And that was reflected in every way this week,” said Mary Erholtz, Vice President of Marketing at Superior Industries and CONEXPO-CON/AGG 2020 Show Chairperson. “Giant machines, incredible exhibits, fantastic education and huge expectations. Organizers of CONEXPO-CON/AGG have a legacy of building and innovating on previous shows, and the 2020 gathering extends that record of success.

“This has been one of the best editions of CONEXPO-CON/AGG – ever,” continued Erholtz.

Exhibitors across the show, from the Festival Grounds to North Hall to Bronze Lot to South Hall, expressed enthusiasm for the tremendous engagement they received from contractors and producers looking to purchase equipment. 

According to IFPE Show Chairperson David Price, Global Marketing Manager of HydraForce Inc., 

“The crowd was much better than expected under the circumstances and most importantly, the right buyers were on the show floor. We were very pleased with the strong showing from the 300-plus exhibitors at IFPE 2020, and we are looking forward to the 2023 show.”

Mike Ballweber, President, Doosan Bobcat echoed those sentiments, “Tuesday for us was record breaking in terms of leads and attendance at our booth, which is how we measure how successful the show is for us. We had more people to our booth on the first day than all of the 2017 show. This is a one-every-three-years show, and our dealers and customers were really excited to be here.” 

With growing concerns about COVID-19, show management worked closely with the Las Vegas Convention and Visitors Authority and the Southern Nevada Health District to make sure exhibitors, vendors and attendees were provided with heightened cleaning services and hand sanitizers to help reduce the spread of germs and enable show participation to stay healthy onsite at the show. 

“We have been pleased with the success of the overall show and attendance in our booth,” said Ingo Schiller, President and CEO of Tadano America Corporation. “The management team at CONEXPO-CON/AGG has been monitoring the situation and they made a very difficult decision to close the show a day early. We appreciate their leadership and we look forward to CONEXPO-CON/AGG 2023.” 

Key metrics reflect overall quality of CONEXPO-CON/AGG and IFPE 2020 attendees: 

At the same time, the technological change revolutionizing these industries was pervasive across the shows’ record 2.7 million-plus net square feet of exhibits featuring 2300-plus exhibitors from the leading U.S. and global manufacturers, from multinational giants to small firms with specialized products.

Other highlights included: 

  • Partnership with women in construction groups to highlight the growing role women play in the industry, including the unveiling of the world’s largest 3-D printed statute of a human to honor the growing role women play in the construction industry. 
  • Workforce solutions area in the Festival Lot that showcased industry recruitment best practices. 
  • The Tech Experience returned for a second year and focused on modern mobility, sustainability and smart cities. 
  • The first-ever Fluid Power Hour for the co-located IFPE show., which featured an opportunity for engineers to network with their peers on the show floor. 

This was my 12th CONEXPO as a construction magazine editor and have to say it was every bit as exciting as the first one, I attended at McCormick Place and the Chicago Arena. The thing about this show  is that is really does put on display the importance of the role construction plays in global civilization; without construction …

The next CONEXPO-CON/AGG will be held March 14-18, 2023 in Las Vegas, Nevada. For more information on CONEXPO-CON/AGG, visit https://www.conexpoconagg.com.

A version of this article appeared in the April 2020 issues of the ACP Magazines:

California Builder & Engineer, Construction, Construction Digest, Construction News, Constructioneer, Dixie Contractor, Michigan Contractor & Builder, Midwest Contractor, New England Construction, Pacific Builder & Engineer, Rocky Mountain Construction, Texas Contractor, Western Builder

Somethings Never Change…

By Greg Sitek

In construction one of the key components in being successful is completing a project on time or ahead of schedule. Another is completing the project at or under budget. There are many factors that can and do impact both the productivity and cost of a project but a lot depends on the equipment.

If the equipment is dependable and reliable; if the equipment doesn’t perform at it was designed to it’s difficult to be productive and operating costs are up. Throw in a major failure and costs can skyrocket and productivity plummet. 

One critical production machine being down can throw a job behind in every sense and every way.

There is insurance that can prevent this from happening or at least minimize the potential for such a catastrophe happening – good equipment management and good equipment maintenance program.

Equipment, all equipment has always demanded maintenance and management. If the equipment isn’t properly maintained, i.e. following the maintenance programs and procedures as outlined in the owner/operator manuals or online programs provided by the machine’s manufacturer. 

The routine daily inspections and procedures need to be done by your operation either by the equipment operator or company maintenance staff. Periodic or interval maintenance requirements can be fulfilled either by your operation or through contractual arrangements with your equipment dealer. 

To make certain that you are going to get the most out of the equipment make certain that the machine operators and maintenance staff are properly trained, use the correct tools and equipment to do the inspections, repairs and maintenance and use wear-products, i.e. filters, lubricants, belts, hoses, replacements parts, etc. recommended by the manufacturer.

Cutting corners with any of these “components” won’t save you money long term. Quite the contrary, usually it will end up costing much more than you could possibly have saved.

Manage the use and application of the equipment. Establish and follow, religiously, inspections, routine maintenance, wear-part replacement and periodic maintenance as prescribed by the manufacturer. Don’t put off a scheduled maintenance/inspection because you need the machine on the project. Don’t tempt fate. If you need the machine and a routine inspection or maintenance procedure comes up, shut the machine down or bring it in and follow the schedule.   

Use all the available maintenance aids you can to make the job easier, more efficient, more exact. Things like oil and/or fluid analysis provide excellent data on the internal conditions of your equipment.

Use maintenance software programs to help with the scheduling and recordkeeping. Good records are essential to good management and maintenance practices. 

Use your equipment in applications for which it was designed, engineered and manufactured. A piece of equipment that’s too big for an application doesn’t mean you get the job done fasted. 

Intelligent Sizing Drives Success

We’d all love it if we could justify owning and operating the biggest equipment – just to have it in case certain jobs come up that may require that added capacity. But it’s not practical in terms of owning and operating costs, and zoning in on equipment size ranges that best complement your work will make the most sense for your business in the long run.

(Source CASE News: (https://www.casece.com/northamerica/enus/resources/articles/measuring-up-factors-for-sizing-equipment-from-backhoes-to-bulldozers))

What size equipment is right for you?

Determining what size of equipment is best for you depends on many factors. Primarily, it’s the application or exact task you require the machine to do. It also depends on what you expect as a return on investment. Generally, larger and more complex machines have higher purchase and operating costs, and have to be billed out at a higher rate. Smaller machines are more affordable to own and run, but they don’t command the large dollar-per-hour fees their big cousins do.

Equipment sizes vary according to volume demands. Often, the machine’s physical weight and dimensions affect the capacity more than engine horsepower or hydraulic pressure. Transportation is another prime issue when it comes to deciding on the right-sized piece of equipment. Having to purchase or arrange for large-capacity hauling between worksites can be an additional overhead that doesn’t pay back. (Source Warren CAT.com)(https://www.warrencat.com/news/construction-equipment-size-guide/))

It’s March and for most of the country time to start getting the equipment ready for the surge of work and from all indicators, this is going to be a busy construction season across the country. If you have questions about maintenance programs, equipment applications, training for operators and/or maintenance staff contact your local dealers. They are a good and reliable source for virtually all equipment related questions. 

This feature appeared in the March 2020 issues of the ACP Magazines:

California Builder & Engineer, Construction, Construction Digest, Construction News, Constructioneer, Dixie Contractor, Michigan Contractor & Builder, Midwest Contractor, New England Construction, Pacific Builder & Engineer, Rocky Mountain Construction, Texas Contractor, Western Builder

Caterpillar Announces Officer Retirement

Caterpillar Inc. (NYSE: CAT) announced today that E. Jean Savage, currently vice president of the Surface Mining & Technology Division, has elected to retire.

Earlier today, Trinity Industries, Inc. announced that Savage, a member of the company’s Board of Directors, has been appointed Chief Executive Officer and President, effective February 17, 2020.

“We thank Jean for her 17 years of service to Caterpillar,” said Denise Johnson, Resource Industries group president. “Jean has been instrumental in delivering Caterpillar mining products and services that are focused on accelerating customer benefits in safety and productivity. We appreciate all of her contributions and wish her well in her new role at Trinity Industries.”

Savage joined Caterpillar in 2002 and held numerous leadership roles in Caterpillar’s Progress Rail division, before being named vice president of Advanced Components and Systems division in 2014. Savage went on to lead the Innovation and Technology division before being named vice president of Surface Mining and Technology division in 2017.

Prior to joining Caterpillar, Savage worked for 14 years at Parker Hannifin Corporation, a leader in motion and control technologies and systems, where she held a variety of manufacturing and engineering positions. In addition, Savage served nine years in the Army Reserves as a military intelligence officer.

Savage graduated with a bachelor’s degree in electrical and computer engineering from the University of Cincinnati and a master’s degree in engineering management from the University of Dayton.

Savage’s retirement is effective February 14, 2020. A replacement will be named at a later date.

About Caterpillar:
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2018 sales and revenues of $54.722 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com.

Caterpillar Celebrates 90 Years on the New York Stock Exchange

Caterpillar Celebrates 90 Years on the New York Stock Exchange

Caterpillar Inc. Chairman and CEO Jim Umpleby will ring the opening bell today on the New York Stock Exchange (NYSE) to mark the 90th anniversary of the company’s listing on the NYSE, which is considered the world’s foremost securities marketplace. Of the approximately 2,200 companies listed on the NYSE, Caterpillar (NYSE: CAT) is among only three percent that have been consecutively listed for 90 years or more. 

“I am proud of our entire Caterpillar team. Every day, they create solutions to help our customers build a better world,” Umpleby said.

“Our team’s relentless focus on executing our strategy for profitable growth, including the advanced technologies that we are showcasing at the NYSE today, has given the company a strong balance sheet and the ability to return a significant part of our free cash flow to shareholders. Since 2017, we have repurchased about $7.1 billion in stock and paid about $3.5 billion in dividends.”

As part of the celebration, Caterpillar today is giving Wall Street traders the opportunity to handle an Advanced Construction Excavator Simulator System. Through a panel of video monitors and remote-control technology, traders will have the chance to take a turn at the excavator’s controls and attempt to dig virtual trenches, footings and more. There will also be a variety of Cat machines on display in front of the NYSE including a wheel loader, wheeled excavator, industrial loader and compact loader, all of which have played a part in Caterpillar’s historical success.

Listing on the NYSE is a globally recognized signal of corporate strength and leadership, reserved for companies that meet the NYSE’s stringent requirements for income, market capitalization, cash flow and ethical practice. 

Caterpillar Inc. – 90 Years on the New York Stock Exchange

  • An investor buying one share of Caterpillar Tractor Company at $56.25 in 1929 would have an investment worth about $70,000* today, accounting for share price growth, stock splits and dividends over the past 90 years. (*As calculated at close on December 2, 2019)
  • Caterpillar’s total shareholder return has sustained an annual compounded growth rate of 8 percent since the company listed in 1929.
  • On December 2, 1929, the first listing day, 1,882,240 shares were outstanding, and 400 shares of Caterpillar stock were traded. On December 2, 2019, there were more than 550 million shares outstanding, and about 3 million shares traded. 
  • Caterpillar was founded in 1925 and had its initial public offering in 1925 listed on the Pacific Stock Exchange (now NYSE Arca, Inc.). Our primary exchange listing on the NYSE began on December 2, 1929.

About Caterpillar:
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2018 sales and revenues of $54.722 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media

FORWARD-LOOKING STATEMENTS Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.

Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material; (iii) government monetary or fiscal policies; (iv) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products that meet our customers’ needs; (vii) the impact of the highly competitive environment in which we operate on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected events including natural disasters; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (xv) our Financial Products segment’s risks associated with the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (xviii) currency fluctuations; (xix) our or Cat Financial’s compliance with financial and other restrictive covenants in debt agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade or anti-corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations; (xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental laws and regulations; and (xxvi) other factors described in more detail in Caterpillar’s Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.

The 2020 HCEA Calendar is Available