This ad will close in 15 sec
Tags
Industry News

Caterpillar Invests in Peer-to-Peer Equipment Rental Startup Company, Yard Club

To help customers maximize the use and productivity of their owned equipment, Caterpillar Inc. is entering an agreement with Yard Club, a startup company that has developed an online peer-to-peer equipment rental platform. Caterpillar has provided strategic financing to Yard Club, based in San Francisco, Calif., and will launch the online ordering platform in specific metropolitan markets in conjunction with U.S. and Canadian Caterpillar dealers. The peer-to-peer rental platform will include both Cat products and non-Cat branded products.

“Peer-to-peer technology has changed other industries like transportation and lodging, and Yard Club has developed an innovative solution initially for the construction equipment industry,” said Phil Kelliher, Caterpillar’s vice president with responsibility for Americas Distribution Services Division. “Using this platform, a contractor can rent an excavator that’s in between jobs to another contractor who needs that machine. The Cat dealer will use this tool as another avenue to strengthen customer relationships by increasing the utilization rates of heavy equipment and lowering the total cost of equipment ownership.”

Since its founding in 2013, Yard Club has focused on construction contractors in the San Francisco area. With Caterpillar’s investment, Yard Club will further develop the platform and expand club member coverage.

“The sharing economy is changing the way entire industries operate,” said Colin Evran, Founder and CEO of Yard Club. “Our platform is at the forefront of that innovation in the equipment rental industry. Customers can access rental equipment with ease on the web and through mobile devices, while enabling fleet owners to earn income on idle equipment through peer-to-peer rentals. Caterpillar has certainly reinforced its commitment to helping its customers succeed with this relationship.”

Yard club is the latest example of the emerging technologies that Caterpillar is actively embracing as part of its efforts to continue capitalizing on innovation to support customers.

“This illustrates what our newly formed Analytics & Innovation Division is charged with: creating and investing in emerging technologies that can further enhance Caterpillar’s product and service development and our customers' experience,” said Greg Folley, Caterpillar vice president with responsibility for the Analytics & Innovation Division. “With all of the advances in peer-to-peer technology going on around us, we asked ourselves, why shouldn't our customers have the ability to share assets to increase efficiency and lower the cost of ownership? Our agreement with Yard Club will help make this a reality. It's a great example of an innovation that can help our customers be more successful.”

Yard Club expects to have dealer and customer fleets installed on the platform and ready for rental midyear 2015.

Company Info

  • Caterpillar Inc.

    100 North East Adams Street
    Peoria , IL
    US , 61629

    For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment

    Read more

Related News

John Deere partnership with HCSS helps construction companies smartly manage data

John Deere selected HCSS as a partner based on compatibility with its WorkSight technologies and ease of use with customers.

Continually looking for ways to increase productivity on the jobsite, John Deere is partnering with HCSS – one of the construction industry’s leading providers of management solutions – to further enhance the capabilities of John Deere WorkSight and to put the power of JDLink data in the hands of customers. The partnership stems from the Association of Equipment Management Professionals (AEMP) actively working with major machine manufacturers to standardize telematics data available for integration into other applications, commonly known as the Application Programming Interface (API).

Read More

Sponsored Content

Find Your Ex Factor with Volvo

When it comes to the top brands, many people believe all excavators are the same. Volvo excavators are anything but — and we have the numbers to prove it. Check out our impressive bottom line results:

  • Up to 15% more tons per hour
  • Up to 20% lower cost per ton
  • Moving to new jobs three weeks faster

With Volvo, there are significant differences. We call them Ex Factors — designed to keep you productive, efficient, profitable and safer.

Find your Ex Factor today.

Read More

Tags
Maintenance & Management

Saskatchewan tire dealer joins Michelin Tweel Technologies skid steer dealer network

MICHELIN X TWEEL SSL Hard Surface and MICHELIN X TWEEL SSL All Terrain.

MICHELIN Tweel Technologies has announced that Value Tire will join the MICHELIN X TWEEL SSL dealer network, expanding dealer coverage and support for the MICHELIN 12N16.5 X TWEEL SSL All Terrain and Hard Surface skid steer airless radial tire in Saskatchewan. Value Tire offers farm, winter and automotive tires as well as a complete range of services, such as repairs, inspection and alignments by 26 trained technicians — including 13 who are TIA-certified.

Read More

Tags
Industry News

LBX Company welcomes back DLL as a preferred financing partner

LBX Company welcomes back DLL as a preferred financing partner

LBX Company LLC has announced its renewed relationship with DLL as a preferred financing partner throughout North America. DLL has a longstanding history with LBX and its dealer network, having provided comprehensive retail and wholesale financing support dating back to 2003. The program officially launched in the United States on August 4, 2016 and is expected to kick off in Canada on September 1, 2016.

Read More

Tags
Industry News
Construction Technologies

Penton launches new EquipmentWatch.com; simplifies and expands the heavy equipment industry’s most powerful and trusted online software solution

EquipmentWatch, has relaunched its Software-as-a-Service (SaaS) platform ideal for the heavy equipment industry.

Penton’s EquipmentWatch, the world's leader in data, insights and workflow tools for the heavy equipment industry, has relaunched its Software-as-a-Service (SaaS) platform at EquipmentWatch.com. It includes broad equipment coverage across the construction, lift/access, agricultural and commercial truck markets, for everyone involved in the equipment lifecycle.

Read More

Tags
Industry News

Construction estimating software developer, HCSS, to award $50,000 in scholarships to construction interns

2015 Construction Intern Award winner was Chase Ekstam and his intern experience with APAC-Central.

Submissions are now open for the 2016 Construction Intern Awards. Construction software developer HCSS will be awarding a total of $50,000 in college scholarships to students in construction-related fields. The top winner will receive a $10,000 scholarship. In addition, four finalists will each receive a $4,000 scholarship and 12 honorable mentions will be awarded a $2,000 scholarship.

Read More

Tags
Industry News

AEM elects two directors

(Left) David Koppenhofer, Executive Director OEM Sales & Support, Cummins Inc., to the AEM Board of Directors, and Scott Harris, Vice President Case Construction North America, CNH Industrial, to the AEM CE Sector Board (right).

The Association of Equipment Manufacturers (AEM) has elected David Koppenhofer, Executive Director OEM Sales & Support, Cummins Inc., to the AEM Board of Directors, and has elected Scott Harris, Vice President Case Construction North America, CNH Industrial, to the AEM CE Sector Board, to fill unexpired terms.

Read More

Tags
Industry News

Back to school applies to roadbuilding veterans, too

Courses are held at the Road Institute Training Centers in Chambersburg and Shippensburg, Pennsylvania and at the Road Institute West location in Phoenix, Arizona.

As teachers around the nation prepare curriculum and classrooms for the upcoming school year, so too are the Volvo Road Institute instructors. Kicking off its 51st year, the industry’s first instructional course for paving professionals provides a variety of classes to help everyone from paver and compactor operators to screed operators and maintenance technicians create a higher quality road while staying mindful of the most important thing on the jobsite — safety.

Read More

Tags
Industry News

35-Year industry veteran Peter Patterson joins Superior in sales role

Peter Patterson  - Territory sales manager for central and western Canada.

Superior Industries, Inc., a U.S.-based manufacturer and global supplier of bulk material processing and handling systems, has appointed Peter Patterson as territory sales manager throughout central and western Canada. In his new role, Patterson will work alongside bulk material producers and Superior's dealers in the region to showcase the manufacturer's growing line of crushing, screening, washing and conveying solutions.

Read More

Tags
Industry News

Atlas Copco Construction names new president to lead North American growth

Scott Carnell is Atlas Copco’s new U.S. general manager. He will lead the company in growing each of its product lines across North America.

Atlas Copco Construction has recently appointed Scott Carnell as president of its U.S. division. Carnell replaces Erik Sparby who has accepted the role of general manager, Customer Center CR Greater China. Carnell will lead the company in growing each of its product lines, including construction tools, portable energy and road construction equipment, within the contractor, dealer and rental industries across North America.

Read More

Tags
Trucking

Mack Trucks uses virtual reality to demonstrate power and performance of mDRIVE HD

Mack used virtual reality technology to better demonstrate features and benefits of the Mack Pinnacle, Mack Granite and Titan by Mack models equipped with the Mack mDRIVE HD 13-speed automated manual transmission. Using a VR headset and a smartphone, viewers can look around 360 degrees to see the cab interior in its entirety, as well as see what it feels like to be in the cab of a Mack model while it’s operating in quarries and on the highway.

Anyone interested in what it’s like to sit in the cab and ride in a Mack truck while on the job can now experience it through virtual reality offered by Mack Trucks. Mack is the first Class 8 OEM to offer such a virtual reality test drive of a commercial vehicle to a wide audience.

Read More

Terex Trucks: in it for the long haul

Andrew Knight, VP of strategy and business development at Volvo CE

In June 2014 when Terex Trucks became part of Volvo Construction Equipment the central message of the acquisition was that both companies were ‘stronger together’. Two years on, and despite a further downturn in demand for haulers in general, a series of product, service and distribution improvements at the Motherwell, Scotland based company have firmly taken root.

Read More

Tags
Construction Technologies

ISO approval for new mixed-fleet telematics standard

The new ISO mixed-fleet telematics standard enables equipment users to gather more OEM equipment data into their preferred business or fleet management software.

The mixed-fleet telematics standard from the Association of Equipment Manufacturers (AEM) and Association of Equipment Management Professionals (AEMP) has received approval from ISO, the International Organization for Standardization, to be accepted as a global standard.

Read More

Komatsu buys Joy Global in $3.7 billion all-cash deal

Komatsu has announced that it has signed a definitive agreement with Joy Global Inc. a leading manufacturer of surface and underground mining equipment, under which Komatsu America Corp. a wholly-owned subsidiary of Komatsu in the USA, will acquire 100 percent ownership of Joy Global The Acquisition is expected to close in mid-2017, subject to the approval of shareholders of Joy Global and the receipt of necessary regulatory approvals under laws. The Acquisition is in line with Komatsu's strategy to strengthen it's core mining equipment business in an effort to achieve sustainable growth.

Read More