Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.
A trio of construction industry-related products have advanced in the Wisconsin Manufacturers & Commerce and Johnson Financial Group's Coolest Thing Made in Wisconsin Contest. Nearly 100,000 votes have been cast since the beginning of the contest.
A slowing global economy is taking a toll on Caterpillar, which cut its outlook for the year Wednesday after profits and revenue slid in the third quarter.
Heavy equipment-maker Caterpillar Inc. plans to put hundreds of jobs in Arizona with the selection of Tucson as the location of new consolidated offices for the company's mining and technology division.