Caterpillar, a company known for their rugged heavy construction equipment, made headlines in the construction technology world in 2016 when they released the first ever smartphone with a built-in thermal imaging camera, the CAT S60. The company announced on Thursday that its ultra-rugged flagship smartphone would be getting an upgrade with the upcoming release of the new CAT S61.
Read moreCaterpillar Buys Heavy Equipment Sharing Company, Yard Club
Feeling the pressure of 9 straight quarters with a decline in total revenue, Caterpillar has acquired the equipment sharing startup, Yard Club, to get help dig themselves out of the dirt. Their most recent quarter was the company’s first positive revenue quarter since November of 2012.
Read moreThe 10 Largest Construction Machines in the World
There’s no doubt that construction industry has some very impressively sized and powerful machines out there and unfortunately not many of us get to actually use them. Since most of will never be able to drive one of these, we can at least marvel at videos of them. Youtuber JD Rock recently put together a video compilation of the 10 largest construction machines in the world, which you can find at the bottom of this post. To help you understand just how big these things are, the descriptions of each will be listed directly below this paragraph.
Read moreEquipment Giant Caterpillar Has Financed Startup Peer-to-Peer Equipment Sharing Company
Yard Club, Inc.
We all know sharing equals caring, but apparently sharing also equals a whole bunch of cash for those involved, as well. We’ve touched on the vast opportunity of heavy equipment sharing in the construction industry a lot, recently, with the rate equipment rentals on the rise and the launch of EquipmentShare, a peer-to-peer equipment rental company recently entering the market. Now there’s another peer-to-peer equipment sharing company making news and it’s got a heavy hitter backing it financially.
Read more