2020 U.S.-Booked Air Volume: $8 million
Primary Global Expense Supplier: Concur
Primary Global Travel Risk Management Supplier: Anvil
Consolidated U.S. TMC: BCD
On March 26, 2020 Caterpillar Inc. released a statement that the company would continue “to implement several preventive measures while also meeting the needs of global customers. They include increased frequency of cleaning and disinfecting of facilities, social distancing practices, remote working when possible, restrictions on business travel, cancellation of certain events and limitations on visitor access to facilities.” BTN estimates—given the restrictions in place—that U.S.-booked air volume at Caterpillar fell to $8 million from the previous year’s $50 million.
Caterpillar’s full-year sales and revenues in 2020 were $41.7 billion, down 22 percent compared with $53.8 billion in 2019. The company attributed the sales decline to lower end-user demand and dealers reducing their inventories by $2.9 billion in 2020.