Caterpillar

Business

Caterpillar Leaves Illinois to Move to Texas

Caterpillar Inc. rental hydraulic excavators Caterpillar Inc. rental hydraulic excavators. (Luke Sharrett/Bloomberg News)

Caterpillar Inc., the producer of iconic yellow construction and mining equipment, is moving its headquarters to the Dallas-Fort Worth area, effectively ending its century-long history calling the state of Illinois home.

Joe Deaux | Bloomberg News
June 14, 2022
Business, Equipment

Caterpillar Pushes Through Supply Constraints in Strong Q4

Caterpillar equipment Rogelio V. Solis/AP

Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.

Michelle Chapman | Associated Press
January 28, 2022
Business, Equipment, Logistics

Worker Shortage Adds to Supply Chain Snags, Caterpillar CEO Says

Worker Shortage Adds to Supply Chain Snags, Caterpillar CEO Says Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Ky. (Luke Sharrett/Bloomberg)

Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.

Joe Deaux | Bloomberg News
September 15, 2021
Business, Equipment

Caterpillar 2Q Revenue Up on Higher Equipment Demand

Caterpillar equipment Wilfredo Lee/AP

Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.

Michelle Chapman | Associated Press
July 30, 2021
Business, Technology, Equipment

Caterpillar Says Chip Shortage May Hurt Equipment Deliveries

Caterpillar equipment Luke Sharrett/Bloomberg News

Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world’s biggest maker of mining and construction equipment.

Joe Deaux | Bloomberg News
April 29, 2021
Business, Technology, Equipment

Caterpillar Sees Housing Boom Leading 2021 Sales Recovery

Caterpillar Luke Sharrett/Bloomberg News

Caterpillar Inc. fourth-quarter earnings beat analysts’ expectations as reopening economies stoked demand for its signature yellow machines. The company said it expects stronger year-over-year sales this quarter, led by construction industries.

Joe Deaux | Bloomberg News
January 29, 2021
Business, Equipment

Caterpillar Sales Drop Highlights Worry of ‘Catatonic’ Recovery

Caterpillar backhoe excavators are displayed for sale at a dealership in Louisville, Ky. Caterpillar backhoe excavators are displayed for sale at a dealership in Louisville, Ky. (Luke Sharrett/Bloomberg News)

Caterpillar Inc.’s machinery sales dropped by the most in 10 years last month in a sign of a deepening slump in its Americas businesses, where the company has extended plant shutdowns.

Joe Deaux | Bloomberg News
June 12, 2020
Business, Equipment

Caterpillar Sees Virus Pain Intensifying After Profit Trails

Caterpillar excavators displayed for sale at a dealership in Kentucky on Jan. 27. Caterpillar excavators displayed for sale at a dealership in Kentucky on Jan. 27. (Luke Sharrett/Bloomberg News)

The world’s biggest maker of mining and construction equipment is predicting that the pain from the coronavirus crisis is far from over.

Joe Deaux | Bloomberg News
April 28, 2020
Business, Equipment

Caterpillar Posts Worst Machine Sales Since 2016

Caterpillar equipment Callaghan O'Hare/Bloomberg News

In a further indication of the stress rippling through the construction and mining sectors, Caterpillar Inc. reported its biggest decline in global machine sales since the end of 2016.

Joe Deaux | Bloomberg News
March 12, 2020
Business, Equipment

Caterpillar’s 2020 Outlook Adds More Gloom to Markets

Caterpillar backhoe excavators are displayed for sale at a dealership in Kentucky on Jan. 27. Caterpillar backhoe excavators are displayed for sale at a dealership in Kentucky on Jan. 27. (Luke Sharrett/Bloomberg News)

Caterpillar Inc., a worldwide barometer for manufacturing, is warning of more pain to come for the global economy in 2020.

Joe Deaux | Bloomberg News
January 31, 2020

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