Options under consideration include a potential sale of the third party business or structuring it as an independent business within Cat Logistics.
"The third party logistics business has been a high-performing operation within Caterpillar, serving more than 50 customers worldwide in a number of different industries," said Steve Larson, a vice president at Caterpillar and chairman and president of Cat Logistics. "Given Caterpillar's increased focus on the significant growth opportunities in its core businesses, the company has decided to consider its options for the future of this business."
Caterpillar manufacturing logistics and transportation operations and Caterpillar brand parts distribution are not part of the third-party business and are not part of this strategic review. Those operations will continue as core businesses within Cat Logistics.
Caterpillar has retained Bank of America Merrill Lynch and Robert W. Baird & Co. to assist in the review. A final decision is expected by the end of 2011.
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