Caterpillar Applauds Presidential Leadership on Infrastructure Investment

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.

About Caterpillar:

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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