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Rio Tinto increases number of driverless trucks in fleet

Rio Tinto PLC, the world’s second largest iron ore miner, has announced their plan to drastically boost the number of driverless trucks to 150 in their fleet over the next four years. The large-scale purchase will give Rio th...

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Life-Sized Sandbox Opens for Grown-Ups in Las Vegas

Have you always wondered what it would be like to operate heavy machinery but never before had the chance? On your next trip to Las Vegas, you can do just that for a few hundred dollars. In past years, heavy equipment was a com...

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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 maker Caterpillar completes takeover of Germany’s MWM

Caterpillar, an industry leader in the production of construction and mining equipment, has announced their acquisition of MWM Holding GmbH (MWM) from 3i, a London-based equity and venture capital firm, on Tuesday. The transa...

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Hertz heavy equipment rental continues to expand

Hertz Equipment Rental Corporation (HERC), a division of Hertz Global Holdings, Inc., has announced its acquisition of Louisiana-based Delta Rigging & Tools offshore equipment rental division. This strategic investment wi...

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Heavy equipment dealer Finning posts third-quarter earnings of $35 million

Vancouver-based Finning International Inc. (TSX: FTT) reported third quarter profits of $35 million on Tuesday. The same quarter last year saw the heavy equipment dealer earn $63 million. According to reports by the Canadia...

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