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By 1916, about one thousand of Holt's Caterpillar tractors were used by the British in World War I. Holt vice president Murray M. Baker said that these tractors weighed about 18,000 pounds (8,200 kg) and had 120 horsepower (89 kW). [13] By the end of the war, 10,000 Holt vehicles had been used in the Allied war effort. [14]
Caterpillar Inc., also known as Cat, is an American construction, mining and other engineering equipment manufacturer. [6] The company is the world's largest manufacturer of construction equipment. [3] [7] [8] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [9] and number 265 on the Global Fortune 500 list. [10]
The Caterpillar company consolidated its product lines, offering only five track-type tractors: the 2 Ton, 5 Ton, and 10 Ton from the Holt Manufacturing Company's old product line and the Caterpillar 30 and Caterpillar 60 from the C. L. Best Tractor Co.'s former product line. The 10 Ton and 5 Ton models were discontinued in 1926.
This prototype tractor, built by Benjamin Holt, was the first The earliest predecessor of today's Caterpillar tractors rumbled across the fields of Roberts Island near Stockton, Calif., on Nov. 24 ...
Holt incorporated the Holt Caterpillar Company, in early 1910, later that year trademarked the name "Caterpillar" for his continuous tracks. [ 27 ] Caterpillar Tractor Company began in 1925 from a merger of the Holt Manufacturing Company and the C. L. Best Tractor Company , an early successful manufacturer of crawler tractors.
After the war, LeTourneau returned to Stockton and discovered the Superior Garage business had failed. In order to repay his portion of the debts, he took a job repairing a Holt crawler tractor, and was then employed by the tractor owner to level 40 acres [160,000 m 2] using the tractor and a towed scraper. [5] [independent source needed]
[6] [7] In 1920, the C. L. Best Traction Company was restructured and renamed the C. L. Best Tractor Company. The most successful tractor produced was the C. L. Best 60 Tracklayer, later produced as the Caterpillar Sixty. In the mid-1920s, Holt encountered financial trouble. Best's financial backers approached Holt executives to discuss a merger.
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