John Deere announces expansion plans for Des Moines facility

Deer & Co. (NYSE: DE), the world’s leading manufacturer of agricultural machinery, has confirmed they will expand the manufacturing capabilities at their Des Moines facility. The company, commonly referred to by its brand...
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Caterpillar’s three-month global sales increase by 30%

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported it saw steady growth in three of four major regions in which it does business: North America, Europe and Asia. Growth in Latin America has slowed over the past ...
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United Rentals to purchase RSC Holdings

The biggest heavy equipment rental company in the United States, United Rentals Inc. (NYSE: URI), has agreed to purchase rival RSC Holdings Inc. for $1.9 billion. United’s $18 per share offer is a 58% increase on RSC’s clos...
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Caterpillar Inc. sells part of Bucyrus business to Sime Darby

U.S. heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced they would sell part of their Bucyrus distribution business to Malaysian conglomerate Sime Darby earlier this week.  Caterpillar acquired Bucyrus, an Ame...
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Heavy equipment manufacturer Kubota to enter consumer rental market

Kubota Tractor Corporation made a big splash this week by announcing a new strategic partnership with Compact Power Equipment Centers (CPEC) that will see Kubota construction equipment available for rent through select Home Dep...
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Heavy equipment auctioneer Ritchie Bros. passes important milestone

Richie Bros. (NYSE and TSX: RBA), a Burnaby-based industrial auctioneer that boasts over 110 brick and mortar locations in 25 countries around the world, reached a major milestone on Wednesday.  Following the mid-day sale of a...
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