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.
Yard Club is one of a few companies that have taken advantage of the rise of the “sharing economy,” allowing users to rent their idle heavy construction equipment to other peers. It’s truly a great concept, equipment is extremely expensive and any idle time greatly impacts the return on investment. Using web and mobile apps, the system gives companies an easy way to monetize and manage their fleet of equipment. For renters, it gives them more availability and competitive pricing for the equipment they need in a hurry.
Back in 2015, Caterpillar strategically financed Yard Club, for an undisclosed amount. The equipment giant needed only 2 short years for proof of concept before diving in head first. Caterpillar will now be able to profit off of one of the concepts that has led to a decline in new equipment sales in the past few years and it’s a step in the right direction in terms of technological advancement. According to Yard Club’s website, they helped manage over $120 million worth of equipment transactions across 2,500 construction professionals in 2016.
Full Story: Caterpillar acquired Yard Club, a marketplace for construction equipment | Tech Crunch
One of the biggest hassles of site work in construction is the hauling away of spoils. It’s costly and time consuming to bring in truck after truck to take unneeded soil off to an unknown dump site. When Elon Musk and his team, The Boring Company, started digging a tunnel for a HyperLoop system in Los Angeles, they knew there had to be a better way to handle to soil than to haul it away.
Welcome to another exciting year of Construction Junkie’s Best Construction Podcast competition, 2018 edition. This is our 4th straight year running the competition and this year’s already shaping up to be the best one yet.
Built Robotics’ Autonomous Track Loader (ATL) first made headlines late last year when it began beta tests on small test tracks in San Francisco. The ATL is powered by a rooftop cargo carrier that is filled with electronic equipment, including Light Detection and Ranging (LIDAR). LIDAR utilizes a pulsing laser in order to measure distance and range from objects around it.
In the ever evolving power struggle for the major tool manufacturers, converting users to their personal cordless battery powered platform is paramount. With new battery technology hitting the market, we’ve seen tools that we never imagined would ever be able to be run off of a battery platform even outperform their corded version. DeWalt has recently made another huge advancement in battery technology with the announcement of a new 12.0Ah battery.
Bluebeam Revu is a very popular PDF markup and collaboration tool for the construction industry. Each year, the technology company updates its flagship program to adapt to how their customers currently use the program and makes changes to increase their productivity. Bluebeam recently announced the launch of Revu 2018 and we have a breakdown of all of the changes.
Back in 2015, engineers at MX3D made a huge announcement: they were going to 3D print a steel pedestrian bridge on-site. That plan has been altered slightly in the nearly 3 years since the announcement, but the group recently completed printing the full span of the bridge.
[guest post] The “fatal four” are falls, electrocutions, struck by an object, and caught in/between. Falls alone cause over half of the deaths in construction. With today’s technology, the fatal four could be a thing of the past.
Once upon a time, Dropbox was a place to store your files on the cloud. Now, users are demanding much more collaboration with their files and their teams, so Dropbox has been evolving to meet those needs. Much like other technology companies in Silicon Valley, Dropbox has taken note of the opportunity for growth that the construction industry offers due to general unwillingness to adopt new technologies in the past. The company recently announced that they are forming partnerships with several construction technology companies like PlanGrid and Aconex.
Setting up the software environment for construction projects in your organization should be fast and easy. Learn how to get started and align it with your company & team structure.