Caterpillar considers strategic options for 3PL business
Caterpillar is examining a range of strategic options for its third party logistics business, which is part of its wholly owned subsidiary, Caterpillar Logistics Services (Cat Logistics). The company believes the 3PL business is a unique and attractive asset that has excellent growth potential. Options under consideration include a potential sale of the 3PL business, or structuring it as an independent business within Cat Logistics. According to Steve Larson, vice president of Caterpillar and chairman & president of Cat Logistics, the 3PL business has been a high performing operation within Caterpillar, and, given the increased focus on the significant growth opportunities in its core businesses, the company has decided to consider its options for the future of its 3PL business. Caterpillar manufacturing logistics and transportation operations and Caterpillar brand parts distribution are not part of the 3PL business and are not part of this strategic review. Those operations will continue as core businesses within Cat Logistics. A final decision about the third party logistics business is expected by end-2011. Quelle: eyefortransport |