Regarding the Famous excavator model letter, I believe that many people have less understanding what is indicate , in fact the model letter and number has specific meaning, to understand these numbers and letters that can help us to understand excavator important parameter, here we Caterpillar as example
3 stands for excavator (product type), 20 stands for 20ton (tonnage), D represents D series, D is newer machine compare with B,C
If L is after series letter, example CAT320DL, L stands for long truck excavator