Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas.

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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.

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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.

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Caterpillar's profits are down 46% with much of the global economy seized by the spread of the coronavirus pandemic.

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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.

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Caterpillar is posting weak profits and revenue for the second quarter as the energy sector cools.

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An employee at the Caterpillar weld shop in South Milwaukee has died of injuries he suffered on the job last week.

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Caterpillar Inc. is moving its headquarters to the Chicago area and won't build a new complex in its current Peoria, Ill., location.

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Caterpillar has notified state labor officials that it will discontinue operations at its forest-products operation in Prentice.

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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.

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