2021 U.S.-Booked Air Volume: $6 million
Consolidated U.S. TMC: BCD

Construction and mining equipment manufacturer Caterpillar reported a 22 percent increase in sales and revenues in 2021 to $51 billion. However, the company’s U.S.-booked air volume dropped 25 percent from $8 million in 2020, according to a BTN estimate, as it maintained travel restrictions and a remote work policy.

Sharpening focus on its sustainability goals, the company acquired U.S.-based carbon-capture technology company CarbonPoint Solutions in 2021 and announced it will disclose its estimated Scope 3 emissions, which include business travel, in 2023.

Caterpillar in June 2022 announced it would move its corporate headquarters this year to Irving, Texas.