To help customers maximize the use and productivity of their owned equipment, Caterpillar Inc. is entering an agreement with Yard Club, a start-up company that has developed an online peer-to-peer equipment rental platform.
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Cat’s Earnings Rise in First Quarter
Caterpillar Inc. reported that first-quarter 2014 sales and revenues were $13.241 billion, about flat with the first quarter of 2013 sales and revenues of $13.210 billion.
Read MoreCaterpillar Announces Adjusted Outlook
Caterpillar Inc. announced on July 24, 2013, a second-quarter profit per share of $1.45, down from second-quarter 2012 profit per share of $2.54. Sales and revenues were $14.621 billion, down from $17.374 billion in the second quarter of 2012. Profit was $960 million in the second quarter of 2013, down from $1.699 billion in the second quarter of 2012.
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