Check out some interesting headlines around the industry this week.
Caterpillar Names a Cuba Distributor for its Equipment (Miami Herald)
"Caterpillar Inc., the heavy equipment manufacturer based in Peoria, Illinois, said Wednesday that it has named a Puerto Rican company to be its Cat dealer in Cuba in preparation for the day when the embargo is lifted". Read more
Volvo Construction Equipment Remains Upbeat Despite 2015 Sales Dip (World Highways)
"The company said that improved underlying earnings and more market share of the important larger machine segments were insufficient to offset a declining total market in Volvo Construction Equipment’s final quarter 2015 results. Sales were down 11% in the period." Read more
Oil's Latest Slump Takes a Heavy Toll on Bakersfield (Los Angeles Times)
"At the heart is a surprising fact: Bakersfield and the rest of Kern County produce more oil than any other county in the nation — not someplace in Texas or North Dakota — according to the Kern Economic Development Foundation, a workforce development organization. The oil pumped from the county's wells make up about 70% of the state's oil production and 10% of U.S. production." Read more
Heavy Equipment Manufacturer JCB India Boosts Revenue with Livelink (IoT Journal)
"For JCB India Ltd., a construction equipment manufacturer based in northern India, revenue comes not just through sales of the backhoes, excavators and other heavy equipment that it manufactures. The company, a subsidiary of U.K.-based J C Bamford Excavators, also generates revenue through its repair and maintenance services arm. But in an emerging market like India, it can be difficult to compete with lower-cost repair and maintenance services offered by third parties. That is one reason JCB India has developed a telematics system known as Livelink, which it has now used to wirelessly connect more than 10,000 of its products to a cloud-based platform designed and deployed on Wipro's cloud-based industrial asset-management platform. Wipro is an IT services provider and consultancy based in Bangalore, India." Read more
What Used Equipment Has Bucked Lower Price Trends? (AgWeb)
"Auction prices have shown some signs of holding, but Q4 2015 was the first time since 2002 when auction prices went lower in the fourth quarter, Machinery Pete divulged to attendees of his “Trends in Used Equipment Values” seminar at the 2016 National Farm Machinery Show in Louisville, Ky." Read more
