No. His name is "Pan-Handler."
Other Constructicons are named Hook, Bonecrusher, Long Haul and Mixmaster, but this poor guy is Pan-Handler, a term that refers to someone who begs for spare change on the streets. On the back of the box, you can see his robot form—
I'm not very well steeped in Transformers lore anymore, certainly not like I was in fourth grade, so I can't be certain, but I think that, if his name indicates his role, Pan-Handler may be the first hobo Transformer. Which is strange, as I assume any hobo transformers would transform into a boxcar instead of a piece of construction equipment.
Perhaps Pan-Handler is a Transformer for the Recession? He has the ability to work, and work hard—his other self is, in fact, a vehicle that can only be properly used in the construction industry—and yet he can't find any work, and thus is forced to beg on the streets...?
UPDATE: Apparently Transformers, like Star Wars, is one of those things that's so thoroughly detailed on the Internet that there's no aspect of it that someone hasn't written more than you would reasonably expect to find out about it. For example, here's Pan-Handler's entry on tfwikilnet.
Apparently, Pan-Handler is:
as brave as they come. More, he's got the strength, durability and firepower to be a major force in any battle. Yet there must be a reason he remains at the bottom of the Decepticon ranks, homeless and unemployed.
Is it his hand deformity? And or his lack of thumbs?
One probably doesn't need to look much further than his profound lack of skill, ponderous slow speed, and aboslute abysmal stupidity.
Poor Pan-Handler. I didn't realize he was actually homeless. I should have bought him from that dollar store, and brought him back to my apartment to live with me.
UPDATE 2: Although, now that I stop and think about it, is it strange that a robot that can transform into a piece of building equipment should be homeless? Couldn't he, at least, excavate his own cave or sod house or hobbit-house to live in?
Transformers: Prime cartoon, and that the gray, Decepticon space-ship looking vehicle is Megatron, while the red and blue semi is obviously Optimus Prime.
I was shocked—shocked I say!—when I discovered that neither of these vehicles actually transform into robots, however. That is, like, the bare minimum of what a Transformers toy must do in order to be considered a Transformer toy, isn't it? Transform? They need not be overly complicated. I remember getting a few Beast Wars Transformers from HappyMeals when I was in college, and those only had, like, three points of articulation, but they did technically transform from robot animals to human-shaped robots ("Point of articulation," by the way, is Nerd for "a piece of the toy that moves").
These do each performa special function, though.