NEWS  2009-04 |
Caterpillar Highlights Record-Breaking 2008
DATE: 2009-04-27
SOURCE: Becki Schultz - Communications Associate
PEORIA, Ill. - Caterpillar Inc. (NYSE: CAT) today [April 21, 2009] filed its proxy statement and annual meeting notification with the United States Securities and Exchange Commission (SEC). The proxy statement provides details on Caterpillar's 2008 executive compensation and highlights the company's long-held philosophy of pay for performance and pay at risk. The document also includes other information related to the company's business and financial performance in 2008.
Caterpillar's 2008 sales and revenues were $51.324 billion, a 14 percent increase over 2007, the sixth straight year for record sales and revenues. Profit per share of $5.66 was also a record, up 5 percent from 2007. Caterpillar set many other records in 2008, enhancing the company's global strength and positioning the company for future success:
- Capital expenditures of $2.4 billion in 2008 increased 44 percent compared to 2007.
- Caterpillar invested $1.7 billion for research and development in 2008, up 23 percent.
- Total wages and benefits provided by Caterpillar to employees were $9.1 billion, up 9 percent compared to 2007.
- The Caterpillar Foundation provided a record $39 million in grants in 2008, up 7 percent.
- Health care expenditures for employees and retirees by the company totaled more than $600 million.
- Incentive pay for employees totaled $670 million, up 13.6 percent. Caterpillar's incentive pay program covers thousands of employees, and the payments are based on aggressive goals established at the start of each year.
The proxy statement includes detailed 2008 compensation information for Caterpillar's senior leaders, including cash and equity-based compensation. It's notable that the equity portion of the compensation is primarily comprised of stock appreciation rights (SARs) granted in March 2008 with a grant price of $73.20 per share. These SARs will only have value if the shares are above this price during the term of the grant. This follows Caterpillar's long-held philosophy of pay for performance and pay at risk, which clearly aligns executive compensation with stockholders' interests.
For 2009, Caterpillar has already announced that it expects significant reductions in total compensation for its senior leadership group. These reflect planned reductions in the company's incentive compensation program and equity-based compensation—directly tied to share price— again designed to align the interests of our senior managers and executives with the interests of Caterpillar's stockholders.
About Caterpillar
For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2008 sales and revenues of $51.324 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: www.cat.com.
SAFE HARBOR
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of Caterpillar Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of Caterpillar. It is important to note that actual results of the company may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, (i) adverse change in general economic conditions; (ii) adverse change in the industries Caterpillar serves including construction, infrastructure, mining, energy, marine and electric power generation; (iii) Caterpillar's ability to manage material, including steel, and freight costs; (iv) Caterpillar's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs; (v) material adverse change in customers' access to liquidity and capital; (vi) currency exchange or interest rates changes; (vii) political stability; (viii) market acceptance of the company's products and services; (ix) significant changes in the competitive environment; (x) epidemic diseases; (xi) severe change in weather conditions negatively impacting operations; (xii) changes in law, regulations and tax rates; and (xiii) other general economic, business and financing conditions and factors described in more detail in the company's Form 10-K filed with the Securities and Exchange Commission on February 20, 2009. This filing is available on our website at www.cat.com/sec_filings. We do not undertake to update our forward-looking statements.
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Kramer Ltd. Sponsors PAPCCA
DATE: 2009-04-21
SOURCE: Becki Schultz - Communications Associate
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Kramer Ltd is a proud sponsor of the Prince Albert Professional Chuckwagon & Chariot Association (PAPCCA) during their 2009 season.
Kramer’s own Dustin Arcand (Journeyman Heavy Equipment Mechanic – Tisdale) has been a fan of chuckwagon and chariot racing since he was a boy. As a driver with the PAPCCA, Dustin, 24, will be racing a chariot with the PAPCCA this year - his rookie season!
For more information, including PAPCCA’s entire 2009 chuckwagon and chariot schedule, click on the PAPCCA logo.
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Listen Up! CRS Ads on CJWW 600 Saskatoon
DATE: 2009-04-20
SOURCE: Becki Schultz - Communications Associate

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Beginning Monday, April 20, 2009 and running through Saturday, May 9, 2009 you can hear two Kramer Rents – The Cat Rental Store 30-second radio ads on Saskatoon’s CJWW 600.
Monday through Sunday for the first two weeks, the 30-second ads will be played six (6) times per day on CJWW 600 for a total of 42 ads per week.
During the 3-week campaign, you will have the opportunity to hear a total of 99 radio advertisements for Kramer Rents – The Cat Rental Store on Saskatoon’s CJWW 600!
To hear a preview of the ads, click on the links included here.
Commercial 1
Commercial 2
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The Cat Rental Store Sponsors Local Team
DATE: 2009-04-16
SOURCE: Becki Schultz - Communications Associate

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Kramer Rents – The Cat Rental Store is a proud sponsor of the 2009 Saskatoon Smokin’ Guns Junior AAA Baseball Team. For more information, including the Smokin’ Guns 2009 roster, schedule, stats and standings, click on the Smokin’ Guns logo.
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New Cat® 314D CR and 314D LCR Excavators Combine Compact Working Envelope with More Power, Enhanced Control and Expanded Versatility
DATE: 2009-04-01
SOURCE: cat.com




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The new Cat® 314D CR and 314D LCR (long undercarriage) hydraulic excavators are compact-radius models that build on the valued attributes of their C-Series predecessors with a new fuel-efficient Cat C4.2 ACERT™ engine, more hydraulic power, expanded work-tool versatility, a spacious new operator station and a new intermediate-length stick. These new 90-horsepower (67 kW), 14-metric-ton machines have the features to cut operating costs, boost production, increase machine potential and to keep operators comfortable and confident.
The compact design of the 314D CR/LCR limits tail swing over the side to 7 inches (178 mm), when using 24-inch (600 mm) shoes and standard counterweight. An optional 1,170-pound (530 kg) counterweight, which enhances digging and lifting performance, adds only 2 inches (51 mm) more. In addition, the position of the boom, near the center of the machine, reduces front swing radius. Operators work with less distraction, a plus for jobsite safety.
The new operator station, with standard air conditioning, borrows its basic design from larger Caterpillar® cabs used on standard-tail-swing models. Controls in the spacious new cab feature a system that automatically selects boom or swing priority, based on joystick movement, thus eliminating work mode and power boost switches. Automatic climate control, low effort levers and a fully adjustable seat (or available heated, air-suspension seat) keep operators at ease. A new in-cab monitor communicates in text, not codes, and does so in 28 languages.
Increased hydraulic pressure yields higher breakout forces, greater lifting capacity and more drawbar pull. In addition, three new auxiliary hydraulic control packages are available, allowing customers to tailor auxiliary system functions to specific work tool applications. To simplify auxiliary circuit installation, all required hydraulic and electrical lines are factory routed to the boom foot, and mounting blocks are in place.
Engine economy and hydraulic refinement
The new C4.2 engine complies with U.S. EPA Tier 3 and EU Stage 3A emissions regulations and offers significant potential for fuel savings. Caterpillar estimates fuel consumption for the new 314D CR/LCR models, working in typical applications, to be 5 percent less (compared with C-Series models), and as much as 10 percent less when performing light-duty applications in Economy Mode (selected via the in-cab monitor). Electronically controlled regeneration circuits save energy and fuel during boom-down and stick-in operations.
Hydraulic refinement for the new models includes the new Cat Tool Control System, which can store flow and pressure settings for as many as 10 work tools, thus making tool changes quick and efficient. A shortcut key on the console permits the operator to select a tool, and then the system automatically resets pressure, flow and flow direction.
Working efficiency and control
The new intermediate length (9.17-foot/ 2.8-meter) stick, which complements 8.17-foot (2.5-meter) and 9.83-foot (3.0-meter) versions, provides added opportunity for customers to match machine capability more closely to typical applications. The new stick also works well with the Caterpillar hydraulic Pin Grabber coupler to handle a broad range of work tools.
An optional control pattern changer is set electronically via the in-cab monitor, and an optional fine swing control precisely modulates machine rotation—an especially valuable feature when operators must dig or lift frequently in confined spaces.
Safety, security and service
If the jobsite requires a falling object guard or windshield screen, these attachments bolt directly and easily to the cab. An optional Machine Security System uses an electronically coded key to deter theft and vandalism, or to limit machine use to specific individuals and specific times.
Prior to starting the machine, the in-cab monitor checks critical fluid levels. Service interval reminders are programmable, and an optional electronic sensor measures water volume in fuel separators. Sampling ports for hydraulic fluid, engine oil and coolant allow quick collection of reliable samples. Grease lubricated track chains extend pin and bushing life as much as 25 percent, compared with dry assemblies.
Basic Specifications for 314D CR/LCR Excavators
Engine |
Cat C4.2 |
Rated power |
90 hp (67 kW) |
Operating weight (CR)* |
31,747 lb (14 400 kg) |
Operating weight (LCR)* |
32,187 lb (14 600 kg) |
Max flow (2X) |
32.2 gal/min (122 l/min) |
Max pressure, implement |
4,424 psi (30 500 kPa) |
Max dig depth** |
19 ft 6 in. (5 940 mm) |
Max reach – ground level** |
28 ft 4 in (8 630 mm) |
Lift capacity (15 ft, ground, front) |
10,800 lb (5 050 kg) |
Drawbar pull |
25,402 lb (113 kN) |
Swing torque |
22,825 lb-ft (30 900 N-m) |
* With 28-in. (700-mm) shoes and 8.17-ft (2.5-m) stick
** With 9.83-ft (3.0-m) stick |
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