Articles by Jeff Rubenstone

Peoria, Ill.-based equipment maker Caterpillar Inc. announced Oct. 17 that its CEO and chairman Doug Oberhelman will retire from the company in March, 2017. Oberhelman has been with Caterpillar for 41 years, and was appointed CEO in 2010. 

Mack has updated its Granite line of trucks for concrete-mixing applications.

With the global mining industry still digging out of commodity slowdowns, much of the heavy equipment on display at this year’s MINExpo International exhibition was geared toward solving technological problems in time for the next boom.

The Williams Wireless Boroscope has a 3-ft flexible camera tube that allows for inspection of confined spaces.

Oxblue’s Solar-Powered Construction Camera’s solar panel and battery package has been redesigned to be lighter and easier to install on poles.

In the latest development following an abandoned merger between two major global equipment makers, U.S.-based equipment maker Terex Corp. has received approval from antitrust regulators in the U.S. and the European Union to sell its material-handling and port solutions (MHPS) business unit to Finnish-based Konecranes.

In a sign that the trend toward equipment renting is not slowing down, the American Rental Association says the rental industry can expect a compound annual growth rate of 4.9% over the next few years. ARA’s five-year forecast predicts that U.S. rental revenue will top $57 billion in 2020, a significant increase over the $47.6 billion estimated for 2016.

A federal jury on Aug. 9 found Pacific Gas & Electric guilty of violating federal pipeline safety regulations before a fatal natural-gas pipeline explosion in San Bruno, Calif., in 2010 and, further, of obstructing investigators after the incident.