Caterpillar sees cloudy global economy ahead

Supply Chain

Tuesday, October 23, 2012
   Caterpillar on Monday announced record third quarter sales and profit, but said weaker-than-expected global economic conditions would dampen full-year and 2013 results. Lower demand has caused dealers to postpone new orders in an effort to reduce inventory levels, it said.    The heavy-equipment manufacturer, a leading U.S. exporter, now estimates revenues of about $66 billion this year and profit between $9 and $9.25 per share, down from its earlier estimate of $68 billion to $...
You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

 SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription.  Subscriptions to American Shipper costs $120 a year.  Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.

Already a member? Login to your account to gain access to this content now.

Login