Tag: Jim Umpleby

Dealers

Cat sales drop 8% in 4Q 2019; company expects difficulties to continue in 2020

Caterpillar saw sales and revenues drop 8 percent during the fourth quarter of fiscal year 2019 on lower demand from customers than the company expected. Though lead times on new machines have improved, falling dealer inventories are hurting the company’s bottom line and are expected to continue doing so into 2020. Fourth quarter sales fell […]

February 3, 2020

Dealers

How Cat intends to double its parts and service sales by 2026

Caterpillar believes there are tremendous opportunities that exist to continue to grow service revenues. Find out more here on Equipment World.

May 24, 2019

Construction Equipment

Cat 336 the latest tech-packed excavator added to Next Gen lineup

Caterpillar highlights the latest technology implemented in one of its next-gen excavator models. See the tech advancements for Cat's heavy equipment here.

January 16, 2019

Dealers

Cat 3Q sales up 18%; tariffs and other costs spurring new price hikes

Caterpillar's Q3 sales numbers are up significantly. Get other heavy equipment industry news on how tariffs are impacting the heavy equipment market here.

October 23, 2018

Construction Equipment

Caterpillar will raise machine prices due to tariffs; reports record 2Q profits, ups 2018 outlook

Caterpillar reports record high second quarter profits and revenues. The company also is expected to raise machinery prices due to new tariffs. Learn more here.

July 31, 2018

Dealers

Caterpillar president of customer, dealer support to retire

Caterpillar announced that Group President Rob Charter is retiring “following a distinguished career spanning nearly 30 years with the company.” Charter has been a group president of Customer & Dealer Support since 2015. “During his three decades with Caterpillar, Rob has built a reputation for his focus and unwavering commitment to helping our customers succeed,” […]

April 11, 2018

Dealers

Caterpillar Q2 sales up 9.5%, profit jumps 45%

Caterpillar’s second quarter 2017 sales and revenues increased by 9.5 percent compared to 2016, reaching $11.3 billion. In response the company released an improved outlook for the remainder of the year. “Our team delivered an impressive quarter. As demand increased, we continued to control costs and generated higher profit margins,” says CEO Jim Umpleby regarding […]

July 25, 2017

Construction Equipment

Cat CEO: “We were surprised” by federal raid

Caterpillar’s Jim Umpleby has had what is likely the busiest week of his short tenure as chief executive officer. Days after three of his company’s facilities were raided by federal officials as part of a criminal investigation into the company’s tax strategies, Umpleby was in Las Vegas for the company’s corporate press conference at ConExpo-Con/Agg–North America’s largest […]

March 8, 2017

Business

Caterpillar plans global headquarters move to Chicago

Caterpillar has announced plans to move its worldwide operations to the Chicago area later this year and will no longer build the Peoria headquarters complex as previously announced. The company says a “limited group” of support functions and senior executives, adding up to about 300 employees, will be located in Chicago when the new office […]

January 31, 2017