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"We believe it's in the best strategic interest of the company to make this move, which supports Caterpillar's strategy for profitable growth as we help our customers build a better, more sustainable world."
The company has already withdrawn all financial guidance and said Tuesday that it expects that the outbreak will skew its performance throughout the year.
The manufacturing sector was rocked last year by slower global growth and the escalation of trade tensions between the United States and China.
Sales of new construction equipment in North America jumped 13% in the first quarter, primarily driven by road construction projects, Caterpillar said.
The company said it might be "transitioning" its rail manufacturing in La Grange, Illinois, to facilities in Winston-Salem, North Carolina, as well as "outside suppliers."
The north suburb is the winner among communities that sought Big Yellow.
Big Yellow is moving the factory's lines to two other facilities by the end of 2018.
Federal law enforcement officials on Thursday executed search warrants at three Caterpillar locations, including the corporate headquarters in Peoria.
The construction machinery and equipment company announced plans to relocate its top executives. It hasn't indicated whether its moving to Chicago or to the suburbs.
After nearly a century in central Illinois, Caterpillar Inc. has abandoned plans to build a new headquarters complex in Peoria, and has announced it is moving its corporate offices to Chicago.
Heavy equipment maker Caterpillar could move machine production out of a west suburban plant to other manufacturing plants at a cost of 800 local jobs, the company announced Wednesday.
Doug Oberhelman, 63, will leave Peoria-based Caterpillar at the end of March. He has been CEO since 2010 and has been with the company for more than 41 years.
Caterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets that it serves.
Two Illinois companies were targeted by a brazen insider trading ring. Federal authorities broke up a ring that used hackers to steal corporate press announcement from Chicago-based Boeing, Peoria-based Caterpillar, and several other companies, and then profit from that information before it became public.
Chief Executive Doug Oberhelman told a crowd of about 200 people Friday that after two years of study, the $55 billion global construction equipment maker will modernize its riverfront complex to include a three-tower building.
Caterpillar Inc. executives defended a tax strategy Tuesday that has saved the Peoria-based manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award.
Peoria-based Caterpillar Inc. has reportedly reached a tentative agreement with machinists at its Joliet plant, who have been on strike for more than three months.
Union workers have walked off the job at the Caterpillar plant in Joliet, after rejecting the company's latest contract offer.
Gov. Pat Quinn is reacting to last week's announcement by Caterpillar that Illinois is out of the running as the location for a new plant that would create 1,400 jobs.
Heavy equipment maker Caterpillar Inc. has agreed to sell off a distribution and support business to a Canadian company for $465 million.
A group that promotes downstate business says Caterpillar's investment in building more machines in East Peoria and Decatur will pay over and over again.
Following a meeting with Gov. Pat Quinn, the chief executive officer of Caterpillar says the company is staying in Illinois.
Was it a false alarm? Peoria-based Caterpillar now says it has no plans to leave Illinois.
A company in Blue Island is shipping off part of its operations -- and 250 jobs -- to Indiana as Big Yellow complains to Gov. Pat Quinn about an anti-business climate here.
The chief executive of Caterpillar says other states are trying to lure the heavy equipment maker out of Illinois.
Around 10:20 a.m., Illinois State Police responded to a crash involving a trooper in the northbound lanes of I-57 near 107th Street, police said.
Election Day is Tuesday, which means polling places will open for voters to cast their ballot for federal, state, and local offices.
Election Day is on Tuesday, and if you need to know where to vote in Illinois in the 2024 elections, here's how to find the location of your polling place.
More rounds of rain and storms could lead to the potential for flooding across the area.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Election Day is Tuesday, which means polling places will open for voters to cast their ballot for federal, state, and local offices.
Election Day is on Tuesday, and if you need to know where to vote in Illinois in the 2024 elections, here's how to find the location of your polling place.
So far, more than 424,000 ballots have been cast, roughly 300,000 fewer than at the same point in 2020.
Former President Donald Trump told rally goers in Pennsylvania that he wouldn't mind if a potential assassination attempt went through the media risers.
Abortion is on the ballot in 10 states in 2024, from Arizona to Florida.
For the first time since 1938, children in Des Moines, Iowa, will go trick-or-treating on Halloween. The city began its unusual custom of opting for Beggar's Night decades ago in hopes of tamping down on hooliganism.
According to the Citizens Utility Board, it will cost another $12.8 billion to complete the project--$5 billion more than previous estimates.
Dozens more lawsuits are expected.
This is part of a massive recall that includes nearly 12 million pounds of ready-to-eat meat and chicken.
The study said the unique difficulty finding a place in suburban Chicago was the result of a number of factors, including the growth of hip suburbs, big businesses relocating to the area, and high occupancy rates and slow construction.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Three patients at the University of Chicago Medicine are in the trial for the treatment.
Some pathogens that contaminate food are even showing up in the U.S. for the first time thanks to climate change.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
Work in the labs at the IFSH in southwest suburban Bedford Park is centered around learning more about why some food products make people sick.
According to a statement on the brewpub's website, it is closing its doors at 2323 N. Milwaukee Ave. after struggling to rebound following the pandemic.
The South Side warehouse has more than 200 employees, according to the union that represents 75 members.
Dozens more lawsuits are expected.
Experts raised concerns about people in already underserved communities losing easy access to drug stores.
The Indiana Court of Appeals has reinstated a lawsuit filed by the state accusing TikTok of deceiving its users about the video-sharing platform's level of inappropriate content for children and the security of its consumers' personal information.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
In addition to talking about his work, Bennett will be presenting the award for Best Music Video at the festival.
During six undistinguished seasons in the major leagues, Bob Uecker never played an inning for the Milwaukee Brewers. But during his more than half-century as the team's play-by-play announcer, he has become a mascot for the game.
The lead singer-songwriter for the superstar band Fleetwood Mac who became a superstar solo artist talks about her latest song, "The Lighthouse," that was inspired by her own experience with abortion, and a strong desire to "do something."
If Vice President Kamala Harris were to win the 2024 race for president, she would be the first Black woman elected as president. Alvin Tillery, a political science professor at Northwestern University, and a Democratic pollster, has a look at where things stand in the race.
An Illinois State Police trooper has been hit on northbound Interstate 57.
Legendary record producer, songwriter, and composer Quincy Jones says has died at the age of 91. Jones crafted some of America's biggest pop stars to new heights. He also laid down the sounds synonymous with some of Hollywood's biggest hits during a career spanned that more than seven decades. It all started in Chicago, where he was born on the South Side.
Lines have been long for people voting early in the Chicago area, and the weather won’t be great on the last day of early voting on Monday or for Election Day on Tuesday. Early voting has been strong this year in Chicago, but it still lags behind 2020.
Witnesses told CBS News Chicago three people were pulled from the fire that some suspected was fueled by clutter by a known hoarder in the neighborhood. They said the firefighter was battling the blaze near the roof when the floor under him went out and caused him to fall several feet.
Around 10:20 a.m., Illinois State Police responded to a crash involving a trooper in the northbound lanes of I-57 near 107th Street, police said.
More than 424,000 ballots, both from early in-person voting and vote-by-mail, have been cast so far in Chicago.
Election Day is on Tuesday, and if you need to know where to vote in Illinois in the 2024 elections, here's how to find the location of your polling place.
Witnesses said the firefighter was battling the blaze near the roof when the floor under him went out and fell several feet.
Election Day is Tuesday, which means polling places will open for voters to cast their ballot for federal, state, and local offices.
The man city records document as the owner of the alley declined several requests for an interview, but could be seen repeatedly driving a forklift through CBS News Chicago's shot.
Investor interest in South Shore has steadily increased with investors buying single family homes and condos.
The accused killer has a decade-long documented history of attacking law enforcement, inmates, and mental health staff. He was even issued a jail ID card alerting staff of his security threat.
Jackson has been waiting for this specific decision since his release from prison two weeks ago
The skull has been identified as Esther Granger, a 17-year-old girl who died in Indiana, in 1866.
Connor Bedard had three assists, Teuvo Teravainen got his first goal in 10 games and the Chicago Blackhawks picked up their second straight win in Southern California, defeating the Anaheim Ducks 4-2 on Sunday night.
Emari Demercado ran 53 yards for a touchdown just before halftime, James Conner added 107 yards on the ground and the surging Arizona Cardinals put together a dominant 29-9 victory over the Chicago Bears on Sunday.
Marsh was an assistant and head of player development in Vegas, and now is set to take over a team with young stars Angel Reese and Kamilla Cardoso.
The Wolves snapped a four-game losing streak in the first of 12 meetings with the IceHogs.
Los Angeles had won three of four.
In each of four incidents, the robber claimed to have a gun and handed the store or restaurant employee a handwritten note announcing a robbery.
The victim was shot once in the lower back and was taken to Northwestern Memorial Hospital in fair condition.
Some said late Saturday that the shooting was possible retaliation.
Javier Barajas is due back in court on Monday, Nov. 25.
The suspect in the shooting of a man walking to synagogue last week is facing hate crime and terrorism charges.
