Caterpillar
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News
Borderlands: Avocados from Mexico fare well during pandemic; Caterpillar’s Texas distributor hiring for new factory
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Avocado imports from Mexico fare well…
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News
Trinity Industries names new chief executive officer
The rail equipment manufacturer and lessor has tapped a Caterpillar executive and Trinity board member to head the company.
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News
Progress Rail sells its leasing segment to Paceline Equity Partners
Private equity firm Paceline acquires a maintenance-of-way equipment lessor from Progress Rail, a Caterpillar subsidiary.
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Business
Caterpillar Inc. announces layoffs at plant in South Texas
Caterpillar Inc. notified 120 workers at its Victoria, Texas, facility that they will no longer have a job effective, November 1. Company officials said “market…
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OEM
Navistar expands TRATON partnership with Canadian mining deal
The door to TRATON Group selling trucks in North American opened a crack with a memo of understanding between Navistar and TRATON to sell Scania…
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Economics
Deutsche Bank turns bullish on transports for 2020
But a lot depends on stabilizing global growth and an industrial recovery in the United States.
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Canada
Shell Rotella Super Rigs brings out the beautiful best in trucking
The Shell Rotella Super Rigs is among the more attractive beauty contests for trucks because every entrant has a chance, winner or not, to end…
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Asia-Pacific
Caterpillar earnings disappoint due to weaker China sales and higher production costs
Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in…
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Company earnings
Strength in mining business powers Caterpillar first-quarter results to record
Heavy-duty equipment maker tops estimates largely due to one-time tax gain, but the mining business does show better growth.
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News
Today’s Pickup: Holiday e-commerce sales are strong
Warehousing employment surges as Amazon and Walmart are swamped by holiday online orders; UPS aircraft mechanics threaten to go on strike.
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