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
JBKnowledge, a construction technology and consultancy company, has been producing their annual Construction Technology Report since 2012. Now in its 7th year, it is far and away the most comprehensive collection of survey results in the construction technology sector.
I’m a strong proponent of reducing the amount of pen and paper used on construction jobsites. Handwriting notes is great for personal use, but as soon as you need to get those notes or reports to someone else, you either spend time duplicating your work on a computer or never get around to communicating, because your notes were misplaced, destroyed, or illegible. Fieldwire, a field software for collaborating on plans, punch lists, and scheduling, among others, has recently announced the release of a custom form building tool to reduce the need for paper on your jobsite.
As much as we like to push for the digitization of the construction jobsite on Construction Junkie, there’s no doubt that there are many within the construction workforce that are still apprehensive to go fully electronic. There’s something to be said for feeling and manipulating something with your hands, as opposed to pointing and clicking. SlatPlanner is a new way that construction companies can electronically build a project schedule, while maintaining a hands-on approach.
Ekso Bionics has been making exoskeletons since 2005. Originally designed with the military in mind, but then later shifted to physical therapy. In more recent years, they have begun targeting more physical professions, especially those with repetitive tasks or a lot of lifting. One of their most recent products is called the EksoVest.
As mobile apps and project management software are becoming more prominent on construction sites around the world, it’s important that those getting ready to enter the industry, whether it be through college or trade schools, get the training they need to hit the ground running with these programs. PlanGrid,a construction project management and mobile productivity software, has recently announced the release of PlanGrid Schools & Unions, which gives access to hands-on training curriculum and software licenses to industry educators.
When we first began talking about construction technology in 2015, there were a lot of pie-in-the-sky ideas. Many products had financial backing, but no legitimate proof of concept or path to a commercial market. Fast forward just 3 years and many of those same products are starting to hit limited jobsites and have a viable chance to succeed in the industry.
Autodesk, the software company synonymous with architectural and engineering design, has gobbled up yet another construction related software just a few week after its massive acquisition of PlanGrid. It’s most recent acquisition, BuildingConnected, will help bolster Autodesk’s growing construction brand and help them grow additional profit pipelines.
Almost 3 years ago, Milwaukee Tool rolled out its tool tracking application called ONE-KEY, which is available on Apple, Android, or the web. The tool manufacturer has an ever-expanding line of tools that are ONE-KEY enabled, which not only let users edit the settings of their tools through an app, but they also allow them to lock out a tool, rendering it useless in case it’s lost or stolen.
Fresh of the heels of their $875 Million Acquisition by Autodesk, PlanGrid has released several enhancements to streamline your processes. Through the release of PlanGrid Connect and a couple other enhancements, it will now be easier than ever for users to reduce manual data entry across multiple applications.
2 different tablet belt clips up for grabs! Contest ends on 12/12/18!