The tracks were 3 inches (76 mm) by 4 inches (100 mm) redwood slats. Each side featured a track frame measured 30 inches (760 mm) high by 42 inches (1,100 mm) wide and were 9 feet (2.7 m) long. Two years later, Holt sold his first steam-powered tractor crawlers for US$5,500, about US$128,000 today. That's the name for it!" Some sources, though, attribute this name to British soldiers who had witnessed trials of the Hornsby tractor in July 1907. Ĭompany photographer Charles Clements, looking at the machine's upside-down image through his camera lens, commented that the track rising and falling over the carrier rollers looked like a caterpillar, and Holt seized on the metaphor. Hornsby found a limited market for their tractor, so they sold their patent to Holt in 1911. Several tractors were made and sold to operate in the Yukon, one example of which was in operation until 1927, and remnants of it still exist. This tractor was the first to be steered using differential braking of the tracks, eliminating the forward tiller and steering wheel. Ĭontemporaneously, Richard Hornsby & Sons in Grantham, Lincolnshire, England, developed a steel plate-tracked vehicle, which it patented in 1904. On Thanksgiving Day, November 24, 1904, he successfully tested the updated machine plowing the soggy delta land of Roberts Island. 77, with a set of wooden tracks bolted to chains. He replaced the wheels on a 40 horsepower (30 kW) Holt steamer, No. Holt thought of wrapping the planks around the wheels. Two Holt 45 gasoline crawler tractors teamed up to pull a long wagon train in the Mojave Desert during construction of the Los Angeles Aqueduct in 1909.Īnother solution considered was to lay a temporary plank road ahead of the steam tractor, but this was time-consuming, expensive, and interfered with earthmoving. Caterpillar machinery and other company-branded products are recognizable by their trademark "Caterpillar Yellow" livery and the "CAT" logo. Additionally, the company licenses the Cat phone brand of toughened mobile phones and rugged smartphones since 2012. The company also licenses and markets a line of clothing and workwear boots under its Cat / Caterpillar name. Its headquarters are located in Irving, Texas, since 2022.
It announced in January 2017 that over the course of that year, it would relocate its headquarters from Peoria, Illinois, to Deerfield, Illinois, scrapping plans from 2015 of building an $800 million new headquarters complex in downtown Peoria. In 1986, the company reorganized itself as a Delaware corporation under the current name, Caterpillar Inc. Best Tractor Company, creating a new entity, California-based Caterpillar Tractor Company. traces its origins to the 1925 merger of the Holt Manufacturing Company and the C. Caterpillar stock is a component of the Dow Jones Industrial Average. In 2018, Caterpillar was ranked number 65 on the Fortune 500 list and number 238 on the Global Fortune 500 list. The company is the world's largest manufacturer of construction equipment. is an American construction equipment manufacturer.
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