Caterpillar News Updates

The public inquiry seeks to address complaints from farmers that they “face other barriers to acquiring agricultural equipment and the services required to keep equipment operating.”

The construction industries business that makes the firm’s signature yellow construction machinery increased sales 35% as dealers stocked up on equipment.

Ford’s newfound status as a possible beneficiary of the artificial intelligence boom sparked an investor frenzy, with its stock surging more than 40% in May.

Caterpillar’s shares more than doubled over the past year on demand for energy equipment to power data centers.

Caterpillar has acquired self-driving electric tractor startup Monarch Tractor, according to people familiar with the matter.

Earnings reports from some large U.S. manufacturers and transportation companies drove home how President Trump’s policies on trade and energy are putting a squeeze on the sector’s profits.

The company’s power and energy segment — now Caterpillar’s biggest and fastest-growing segment — posted a 25% profit jump compared to the year-earlier period.

Because of its business selling power-generation equipment, Caterpillar has been a runaway winner in a market where investors are hungry for secondary AI plays.

Caterpillar was always an unlikely winner in the AI craze. It makes the bulk of its money selling the equipment like yellow earth movers that has made it a stalwart of American industry.

Caterpillar laid out new growth targets to boost revenue and double capital spending in a bid to capitalize on rising demand for energy to power data centers.