Caterpillar News Updates

Business

Caterpillar Sees Drag From Used Equipment as Miners Bounce Back

Ample used construction-equipment supplies and restrained spending from miners mean the commodities rebound won鈥檛 be giving much of a lift to beleaguered Caterpillar Inc., which forecast 2017 results that trailed analysts鈥 estimates. The shares fell.

January 27, 2017
Business

Caterpillar Lowers Sales Forecast as Rebound Proves Elusive

Caterpillar Inc., the biggest maker of construction and mining equipment, cut its 2016 revenue forecast and said next year won鈥檛 be much different as companies defer purchases amid sluggish growth and low commodity prices. Shares fell.

October 25, 2016
Business

Caterpillar CEO Leaves Heir to Finish Navigating Commodity Rout

Caterpillar Inc.鈥檚 Doug Oberhelman will retire after 41 years at the largest maker of construction and mining equipment, leaving his replacement to finish the job of steering through a commodities slump.

October 17, 2016
Business

Caterpillar Profit Tops Estimate as Cuts Stop Slide

Caterpillar Inc. reported better-than-expected earnings, as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Company shares rose the most since February.

July 26, 2016
Business

Caterpillar鈥檚 All-Seeing Sensors Steady Profit in Downturn

Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.

July 25, 2016
Business

Caterpillar to Pay $60 Million to Settle Engine Defect Claims

Caterpillar Inc. has agreed to pay $60 million to settle claims about defects in its C13 and C15 engines, which were taken off the market after widespread reports by fleets of shutdowns and sudden loss of horsepower.

June 29, 2016
Business

Caterpillar to Close Five Plants, Cut 820 Jobs

Caterpillar has announced the planned closing of five plants and the elimination of about 820 jobs as part of its ongoing restructuring in response to 鈥渢ough market conditions.鈥

April 29, 2016
Business

Caterpillar to End Production of On-Highway Vocational Trucks

Caterpillar Inc. will stop production of its on-highway vocational trucks due to the 鈥渃urrent business climate in the truck industry.鈥

February 26, 2016
Business

Long-term Highway Funding Provides a Bright Spot for Caterpillar

A five-year, $305 billion bill that was signed into law in December provides a modest increase to highway and transit spending, as well as聽a ray of sunshine during what has been a dark period for Caterpillar.

January 19, 2016
Business

More Trouble for Caterpillar as Sales Fall Most in Five Years

For Caterpillar Inc., the commodities rout has yet to hit bottom.

October 22, 2015