Cat Rolls Out 988K XE Electric Drive Loader

Caterpillar rolled out its new 988K XE loader at a special media event in Peoria, Ill. The new loader was also previewed at Tower Rock Stone in Ste. Genevieve, Mo., at an event attended by Rock Products Editor Mark Kuhar. The electric drive loader delivers 25 percent greater overall efficiency and up to 10 percent more productivity in load-and-carry applications…

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New Electric Drive Cat 988k XE Wheel Loader Offers Higher Fuel Efficiency, Lower Total Cost Of Ownership

The new Cat 988K XE is the first wheel loader offered by Caterpillar with a high-efficiency electric drive system. This new large wheel loader joins the industry leader 988K and the recently launched 986K wheel loaders to provide customers with the most cost-effective loader for each application.

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Caterpillar Second Quarter Revenues Up $1 Billion

Caterpillar Inc. announced second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an equity investment in IronPlanet, second-quarter 2017 adjusted profit per share…

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Cat CFO Halverson to Retire

Concluding a career spanning more than three decades with the company, Caterpillar Inc. announced that Group President and Chief Financial Officer (CFO) Brad Halverson has elected to retire in early 2018. “As a second generation Caterpillar employee, Brad’s roots began well before he joined the company, and on behalf of the extended Caterpillar family, I want to thank him for…

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Caterpillar Financial Picture Strengthens in Q2

Caterpillar Inc. announced second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an equity investment in IronPlanet, second-quarter 2017 adjusted profit per share…

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