Caterpillar 4Q Profit Rises Despite Sales DeclineThe manufacturing sector was rocked last year by slower global growth and the escalation of trade tensions between the United States and China.
Caterpillar 1Q Beats Forecasts As Revenue Grows 5%Sales of new construction equipment in North America jumped 13% in the first quarter, primarily driven by road construction projects, Caterpillar said.
Caterpillar Could Close LaGrange Factory, Cutting 600 JobsThe company said it might be "transitioning" its rail manufacturing in La Grange, Illinois, to facilities in Winston-Salem, North Carolina, as well as "outside suppliers."
Caterpillar Decides On Deerfield For Global HQThe north suburb is the winner among communities that sought Big Yellow.
Caterpillar Ending Production At Aurora Plant, 800 Jobs LeavingBig Yellow is moving the factory's lines to two other facilities by the end of 2018.
Feds Search Caterpillar HQ In Peoria, 2 Other Company SitesFederal law enforcement officials on Thursday executed search warrants at three Caterpillar locations, including the corporate headquarters in Peoria.
Joliet Throws Hat Into Ring As Possible Caterpillar HQThe construction machinery and equipment company announced plans to relocate its top executives. It hasn't indicated whether its moving to Chicago or to the suburbs.
Caterpillar Moving Corporate HQ From Peoria To ChicagoAfter nearly a century in central Illinois, Caterpillar Inc. has abandoned plans to build a new headquarters complex in Peoria, and has announced it is moving its corporate offices to Chicago.
Caterpillar Considers Moving 800 Production Jobs Out Of AuroraHeavy equipment maker Caterpillar could move machine production out of a west suburban plant to other manufacturing plants at a cost of 800 local jobs, the company announced Wednesday.
Caterpillar CEO To Retire In 2017Doug Oberhelman, 63, will leave Peoria-based Caterpillar at the end of March. He has been CEO since 2010 and has been with the company for more than 41 years.
Peoria-Based Caterpillar Plans Thousands Of Job CutsCaterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets that it serves.
Feds Arrest 5 For Hacking Scheme Tied To Boeing, CaterpillarTwo Illinois companies were targeted by a brazen insider trading ring. Federal authorities broke up a ring that used hackers to steal corporate press announcement from Chicago-based Boeing, Peoria-based Caterpillar, and several other companies, and then profit from that information before it became public.
Caterpillar To Stay In Peoria, Expand Corporate HQChief Executive Doug Oberhelman told a crowd of about 200 people Friday that after two years of study, the $55 billion global construction equipment maker will modernize its riverfront complex to include a three-tower building.
Caterpillar Defends Move To Avoid $2.4B In Federal TaxesCaterpillar Inc. executives defended a tax strategy Tuesday that has saved the Peoria-based manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award.
Report: Caterpillar Reaches Tentative Agreement With Striking WorkersPeoria-based Caterpillar Inc. has reportedly reached a tentative agreement with machinists at its Joliet plant, who have been on strike for more than three months.