Cat to Split with Navistar, Build Own Vocational Trucks

Caterpillar Inc. announced Tuesday that it will begin independently designing and manufacturing its Cat vocational truck family at its plant in Victoria, Texas. Production is to begin next year.

The split was confirmed by Navistar Inc., which has been building the Cat Truck products, which are based on the International PayStar vocational truck, since 2011 at its plant in Escobedo, Mexico. Navistar said it will introduce its own line of premium vocational trucks in 2016.


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Residential construction continues to steadily improve

At the end of last year, I forecasted an annual increase of 15 percent in the total number of new houses started in 2015. With six months already in the books, this forecast still looks to be spot on.

If my forecast holds, then we will end up with a starts total of just over 1.15 million units this year. Not a very good year by historical standards, but solid progress from where we were just a few years ago.


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