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Cranberry Journal

Thursday, October 29, 2026

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Markets
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  • Nasdaq26,184.73−1.38%
  • Dow52,342.56−0.25%
  • 10-yr yield4.99%−1.11%
  • Crude$102.84+0.82%
At the close · Oct 29

Construction Equipment

Tagged stories

A beige diesel generator set with CAT lettering on its enclosure and an exhaust silencer on top stands in a parking lot beside parked cars, with autumn trees behind.
Markets

Caterpillar's Backlog Hit a Record $78 Billion, Up 96 Per Cent in a Year. Its Dealers Plan to Cut $1.6 Billion of Inventory This Quarter.

Caterpillar's sales rose 17 per cent to $20.7 billion in the third quarter and adjusted profit was $7.20 a share, the company said on Thursday. Its order backlog reached a record $78 billion, up about $38 billion from a year earlier. It expects construction equipment volume to fall modestly in the fourth quarter as dealers shrink their stocks.

By Daniel Okafor  

A yellow Cat 924K wheel loader parked at the kerb of a tree-lined street in front of a brick building.
Business

Caterpillar Will Spend $1 Billion on a New Plant in Sanford. Its Workforce There Will Not Grow.

Caterpillar said on Wednesday it will invest about $1 billion in a new plant in Sanford, North Carolina, to build more compact track loaders and telehandlers. Lee County and the City of Sanford have approved up to $85.5 million in incentives. The condition is that the company keeps at least 1,950 full-time jobs. It will not add any beyond the 600 hired this year.

By Cory Chamberlain