Cat

Charles & Hudson / Flickr

Caterpillar’s four-percent increase in sales and revenues in the first quarter is a relief to many after ten periods of declines. Amy Campbell is the Director of Investor Relations. She says the arrow is going in the right direction, but it’s still too soon to count it as a turn around.

 

“We are at, still at pretty low levels for resource industries. They peaked at over 20-billion-dollars back in 2012 and we still only expect this to be less than 7-billion-dollars in sales this year.”

Campbell says the company’s resource industries are still well below peak and in fact even where they would expect normal demand.

UAW Reaches Tentative Deal With Caterpillar

Mar 15, 2017

  The United Auto Workers Union has a tentative deal with Caterpillar.

  

The UAW says it's not releasing terms of the deal until members have a chance to review and vote on it.

 

  The union authorized a strike vote last month as a matter of procedure. But negotiations continued and workers remained on the job after their contract expired on February 28th.

 

Tanya Koonce / Peoria Public Radio

Federal agents continued searching Caterpillars Headquarters building in downtown Peoria overnight. Search warrants were executed yesterday at Caterpillar offices in Peoria, East Peoria and Morton. The U.S. Attorney’s Office confirms the multi-agency investigation included the FDIC Office of Inspector General, the IRS Criminal Investigation Division, and the US Department of Commerce, Office of Export Enforcement.

 

Cass Herrington / Peoria Public Radio

Multiple Federal Law Enforcement agencies executed search warrants at three Caterpillar offices today. Federal agents entered Caterpillar’s World Headquarters Building on South West Adams St. in Peoria, Building AD in East Peoria and the Morton offices. The identical search warrants allowed the federal government to seize a wide range of documents, hardware and software related to the movement of any products between the U.S. and Switzerland, specifically the Swiss Subsidiary Caterpillar known as CSARL.

Caterpillar

Caterpillar is moving its global headquarters to Chicago. The company announced today it will locate a limited group of senior executives and support functions to the Chicago area later this year. Caterpillar also reaffirmed its ongoing commitment to Peoria and Central Illinois. The company will not build the previously announced headquarter complex in Peoria. 

Caterpillar Looks to Year Ahead

Jan 26, 2017

2016 saw more reductions in sales and revenues for Caterpillar. That grows on the losses of 2015. Sales and revenue of $38.5 billion represents a more than 30-percent decline over the two year period.

Since the company announced its massive restructuring plans at the end of 2015, it’s cut 16,000 jobs around the globe. Caterpillar’s 2017 outlook also anticipates another $500 million in restructuring costs.

Caterpillar Layoffs Cut Deeper

Dec 14, 2016

More Caterpillar workers are being walked-off the job today in the Peoria area.

More than 300 support and management employees of Caterpillar have been laid off, effective yesterday. Many of the affected employees were engineers, and were escorted out of building AC and the Tech Center in Mossville. Other management and support staff in Peoria, East Peoria and Morton facilities were also laid off. The exact number is not being released.

 

Police have identified a man who drowned in a northern Illinois lake while trying to save a cat.  The Lake County Sheriff's Office identified the man as 46-year-old William Anderson of Ingleside.

Caterpillar's first-quarter earnings jumped more than 20 percent to top expectations, dispute a slight slip in revenue. 

Caterpillar Inc. earned $1.11 billion, and $1.81 per share, in the quarter. That compares with $922 million and $1.44 per share, the same time last year. The $1.81 per share earnings do not counting restructuring costs.

Peoria County animal services sees gains in 2014

Feb 2, 2015

Peoria County Animal Protection Services is placed more cat and dogs last year compared to 2013. Peoria Public Radio’s Alex Rusciano reports:

Governor-Elect Bruce Rauner has named Caterpillar CEO Doug Oberhelman and Congressman Aaron Schock to his transition team. 

The Caterpillar Visitors Center unveiled a new exhibit Tuesday to honor a longstanding tradition for the company. This is the 50th anniversary since Cat launched the first of its five ‘Power Parades’.  Katheryn Spitznagle manages the Caterpillar Visitors Center.  She says the power parades were held for employees and their families:

Adoption fee waived for Adopt-a-Cat Month

Jun 19, 2014

Peoria County Animal Protection Services is waiving the adoption fee for cats and kittens for the next 30 days.  To promote more cat adoptions during Adopt-a-cat month.  

Caterpillar says financial uncertainty could impact a study of whether to update its aging world headquarters building. The company has spent two years studying its headquarters layout and technological needs of other downtown facilities. In a statement, the company says it remains committed to the study and is looking at new office space needs in the region. The study also remains focused on downtown Peoria. But Cat says current global and economic risks could negatively affect business.

Cat consolidating plants, affecting 170 IL workers

Jun 6, 2014

170 Caterpillar employees are losing their jobs as the company consolidates four plants into one. Cat says its consolidating two plants in Sterling and one in Dixon into its facility in Menominee, Michigan.