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The first of the Cat engine-powered units were built earlier this year and by late spring were in full production. Princeton, abrasive which chop celebrated its 30th anniversary in 2002, introduced the first Piggy Back lift truck in 1979 and immediately found applications in material handling, agriculture, recycling and other industrial applications. Like all of the Piggy Back models, the new PB50 and PB65 are designed to mount on the rear of a heavy-duty truck during transport, then self-deploy in minutes through use of the company''s Easy Hitch hook mounting system.

Major saw overseas suppliers for the small, compact machines include Kubota from Japan and Ingersoll-Rand, which acquired SuperStay in the Czech Republic two years ago. Ingersoll--Rand now imports the SuperStay machines (sold previously under the EarthForce America brand name) and sells the machines under its own name as well as the Bobcat brand. In 2002, 1R and Bobcat accounted for about 9 percent of the small backhoe market -- that in the first year of marketing. In 2003, Ingersoll-Rand and Bobcat will very likely start taking share away from the leaders, which will alter the makeup of the market within 12 to 18 months. Going back to the standard backhoes, it is interesting to note that Case, Deere and Caterpillar (in that order) are still the major stakeholders in North America. New Holland also has a strong market abrasive position. These four companies accounted for over 85 percent market share in 2002, down a trifle from years past. Terex became a more active player in the marketplace in 2002, jumping from a 2 percent market position in 2001 to a 5 percent participant in 2002. Terex used a very aggressive pricing scheme to gain market share during the year, which apparently worked successfully. I believe the Terex product line, which is well-engineered, is going to be better known in the future.

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