Caterpillar Paves the Way for Future Technology Advancements with Launch of Autonomous Cat® 777 Off-Highway Truck at Luck Stone Quarry
Rhea-AI Summary
Caterpillar Inc. (NYSE: CAT) has successfully demonstrated the fully autonomous operation of its Cat® 777 off-highway truck at Luck Stone's Bull Run plant in Chantilly, Va. This marks Caterpillar's first autonomous technology deployment in the aggregates industry, expanding its 100-ton-class autonomous truck fleet. The project stems from a December 2022 partnership with Luck Stone, the largest family-owned crushed stone producer in the US. Caterpillar's autonomous trucks have already moved over 8.62 billion tonnes across three continents, covering more than 325 million kilometers. The Bull Run deployment serves as a testing ground for scaling the technology across the quarry and aggregates industry.
Positive
- First successful deployment of autonomous technology in aggregates industry
- Expansion of autonomous capabilities to new 100-ton-class truck segment
- Proven track record with 325 million kilometers traveled and 8.62 billion tonnes moved autonomously
- Strategic partnership with largest family-owned crushed stone producer in US
Negative
- Technology still requires further testing and validation before commercial availability
- to initial deployment phase with uncertain timeline for wider implementation
News Market Reaction 1 Alert
On the day this news was published, CAT declined 2.08%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
This successful deployment of machinery and technology highlights the progress being made between Caterpillar and Luck Stone, the largest family-owned and operated producer of crushed stone, sand, and gravel in
This marks Caterpillar's first deployment of autonomous technology in the aggregates industry and will expand the company's autonomous truck fleet to include the 100-ton-class (90-tonne-class) Cat® 777.
Caterpillar has long been recognized as an industry leader in autonomy, with autonomous trucks on three continents having traveled more than 325 million kilometers and autonomously moving more than 8.62 billion tonnes. The current fleet of Caterpillar's autonomous trucks with Command for hauling moves more tons per year worldwide than the total annual
"Congratulations to both the Luck Stone and Caterpillar teams for this outstanding achievement. It's meaningful not just for Bull Run operations, but for our customers of all sizes as we develop new technologies to serve the quarry and aggregates as well as construction industries," said Denise Johnson, group president of Caterpillar's Resource Industries. "This hands-on collaboration has accelerated our ability to scale our proven mining solution for this sector."
The success of autonomous hauling at Bull Run plant marks the initial milestone in the collaboration between Caterpillar and Luck Stone. This achievement lays the foundation for ongoing testing and validation of assumptions and technology before making autonomous technology commercially available in the aggregates industry.
"The successful implementation of an autonomous hauling solution at our Bull Run Plant is a major accomplishment for Luck Stone associates, for Caterpillar, and for our industry. Our mission is to ignite human potential and positively impact the lives of others, and this project does just that by providing opportunities and experiences for our associates to grow and learn. Caterpillar's innovative technology will also improve safety and be a tool for attracting the next generation of mining professionals. We're excited for the future and what's next for autonomy, and thankful for our continued, collaborative relationship with Caterpillar," said Charlie Luck, Chairman and CEO, Luck Companies.
About Caterpillar
With 2023 sales and revenues of
About Luck Stone
For over 100 years, Luck Companies has been about people. Four generations of family leaders have built a business on the idea that every one of us has the potential to be a leader, that if we live and lead in alignment with our core values of Integrity, Commitment, Leadership and Creativity, we can all make a positive impact on the lives of other people.
Luck Companies' three business units make the products that serve as the foundation for the bridges, roads and buildings that keep our economy moving and protect our environment. We have become the nation's largest and fastest-growing family-owned and operated producer of crushed aggregates and environmental performance products by propelling a culture where people can thrive. We will continue to grow, powering possibilities for associates and communities, ensuring an exceptional experience for our customers, and broadening the impact of our mission for generations to come.
With locations across
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SOURCE Caterpillar Inc.