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Fourth quarter revenues of $6.1 billion increased 12 percent from the same quarter in 2017. Increased truck production in North America and stronger demand in global construction and power generation markets drove the majority of the revenue increase. Currency negatively impacted revenues by 2 percent primarily due to a stronger US dollar. Fourth quarter sales in North America impro
Fifteen volunteers organized by the Social Justice Sub-Committee of the company’s Indianapolis Community Involvement Team (CIT) assembled 260 winter survival kits on Jan. 23 at Cummins’ Distribution Business Headquarters. The kits were for the Coalition for Homelessness Intervention and Prevention (CHIP) to distribute during the Indianapolis group’s annual Point-in-Time (PIT) count. The PIT tea
Cummins Inc. (NYSE: CMI) will celebrate its 100th anniversary at the Bauma show April 8 – 14, in Munich. Visitors coming to stand A4.325 will see where it all started, with the company’s first engine known as the HVID. It will be shown alongside the latest B6.7 2019 Stage V engine, highlighting 100 years of engine innovation. Alexei Ustinov, Vice President - Off-Highway Engine Business said, “O
That’s because the locomotives will continue to use Cummins’ QSK95 Tier 4 engine systems to help deliver clean, efficient power for passenger trains. As a fitting end to an already strong year of wins for the Charger in 2018, Amtrak announced Dec. 21 that it would be purchasing 75 Charger locomotives for delivery starting in 2021. All in all, the value of Siemens Mobility contracts for th
Last year, Siemens received contracts for more than 100 of the company’s Charger locomotives – powered by the 4,000 to 4,400 horsepower Cummins’ QSK95 Tier 4 engine systems. The purchases are merely the latest evidence of the growing interest in rail, especially passenger rail, in the U.S. and Canada, advocates say. Brightline, the passenger rail service in Florida that recently announced it wo
Cummins Inc. (NYSE: CMI) announced today that Chief Financial Officer (CFO) Pat Ward is retiring after 31 years and Mark Smith is succeeding him. Both moves are effective March 31, 2019. “Pat has had an extraordinary career at Cummins,” said Cummins Chairman and CEO Tom Linebarger. “He has worked in nearly every part of our company during his 31-year tenure. He has helped many business le
The power, which officially started flowing Wednesday (Dec. 19), won’t go to Cummins. But the company’s share of the energy generated by the expansion’s 61 wind turbines is more than Cummins uses at all of its Indiana facilities. Essentially, the expansion is replacing the power the company uses in its home state with low-carbon, renewable energy. “We’ve been working toward this day f
The pledged amount represents about a 7 percent increase over pledges in 2017 and will be matched dollar for dollar by the Cummins Foundation, creating twice the impact for local communities. The more than $6 million from Cummins and its employees will go towards initiatives addressing everything from homelessness and hunger to school readiness and programs promoting safe, healthy relationships
Indiana is one of five states that does not have a statewide law that specifically addresses hate crimes. Such legislation can enable prosecutors to seek higher penalties for criminal acts motivated by hate. “We can talk about inclusion, but there’s still just some basic things we need to do as a state to make Indiana welcoming, and passing a comprehensive hate crimes bill is table stakes for o
Cummins has been named to two lists released this month reflecting the company’s strong management and sustainability initiatives. The company finished No. 82 in the 2018 Wall Street Journal’s "Management Top 250" released last week (Dec. 3), and No. 80 in the 2019 JUST 100, a list of America's most just companies released today (Dec. 10). THE MANAGEMENT TOP 250 The W
“We should be thinking about pragmatic market access,” Linebarger said at a summit Thursday on innovation sponsored by the Business Roundtable, a group of CEOs from America’s largest companies who believe business leaders have a responsibility to help build an economic future in the U.S. “…What are our goals in the near term, this 90-day term? What can we do to increase practical market a
The company is joining forces with the ESTECO Academy to sponsor the Microgrid Design Competition in collaboration with ANSYS and Gamma Technologies. The challenge: design the best microgrid with reduced overall costs and minimized carbon dioxide (CO2) emissions, taking into account operating conditions and other constraints at the Cummins Megasite in Phaltan, India. “We wanted to get