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Caterpillar Profit Rises Despite Lower Revenue

Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.

Industrial M&A Falls in 2019

Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.

Autonomous Mobile Robots Drive Manufacturing Versatility

Robotics have come a long way since the first industrial robot was installed at General Motors. Denise Ebenhoech, Regional Head of Advanced Robotics Applications at KUKA Robotics, sits down with Chris Mahar, Associate Editor, to discuss recent developments within mobile robots. From cleans rooms to job shops to moving entire airplane assemblies, autonomous mobile robots are helping manufacturers succeed in today’s advanced manufacturing landscape.

Rush job? No prob!

Improvements in manufacturing management software, robotics, additive manufacturing and thermal controls are making small batch sizes more cost effective—even for smaller shops. Manufacturing plants are able to reduce inventory, improve throughput and reduce demands on human operators.