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Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.

Teenaged Jamie Yelle daydreamed as he pushed a broom across the floor of his father’s machine shop. As he cleared a path through aluminum chips, filings, and scraps of metal around the machinery, he imagined what the company would look like if he were at the helm.

Betting that the worst of the pandemic will be over and travel restrictions lifted, the 2021 edition the machine tool exhibition is putting out the welcome mat to the world.

The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.

Altair, a global technology company providing solutions in product development, high performance computing (HPC), and data analytics, has released a new version of Altair Knowledge Studio that it says brings greater speed, flexibility, and transparency to data modeling and predictive analytics.

As laser manufacturing systems for sheet and tube grow more sophisticated—powerful, automated and scalable—navigating the wealth of choices might feel daunting.

In an effort to help customers get their operations back up and running after a full or partial shut-down, Castrol, Lewiston, N.Y., is offering savings to those who trial and switch to Castrol industrial coolants.

Teamcenter X, a new software as a service solution, on the cloud helps enable quicker creation and delivery of a complete digital twin, with multi-domain design and bill of materials integration.

3D Systems announced an expansion of its plastics materials portfolio.

CNC Software Inc., developer of Mastercam CAD/CAM software, has released Mastercam 2021. According to the company, this latest version of Mastercam increases machining productivity and reduces overall production costs with faster and more flexible multiaxis improvements, improvements in turning and turning-related applications, advances in speed, safety, and more.