PEORIA, Ill., Sept. 10 /PRNewswire/ -- Citing the need for businesses large and small to remain competitive in the global economy, Caterpillar Inc. (NYSE: CAT) today urged Congress and the Administration to work together on legislation that would improve the nation's highways, ports, airports, railways and infrastructure.
"Every week as I talk with our customers around the country, I hear from them that a long-term, multi-year highway bill for the United States is the fastest way to get more construction workers back on job sites," said Caterpillar CEO Doug Oberhelman. "In addition, as a nation we are at risk of falling behind other countries who have made aggressive investments in infrastructure improvements in recent years, putting companies like Caterpillar at a competitive disadvantage."
Recently President Obama called for an increased investment in the nation's infrastructure, and talked of the economic importance to the U.S. related to the re-authorization of the multi-year national highway bill.
"We know there are still many details and specifics to be worked out; however, it is our hope that the Administration and Congress will come together and work toward a solution to improve our aging infrastructure," Oberhelman added.
For more than 85 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2009 sales and revenues of $32.396 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.cat.com.
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