Caterpillar CEO Doug Oberhelman has reinforced need for US infrastructure investment

Caterpillar Chairman and CEO Doug Oberhelman has outlined the risks to US competitiveness if the US Government proves unable to agree on both short and long term infrastructure funding issues. "American companies implement just-in-time inventory and on-demand supply chains. We produce vehicles and machines with greater fuel efficiency and lower carbon emissions. We lead the world in innovation, inventing better products and better processes," Oberhelman wrote in an article headlined "Congress must move on t
July 15, 2014 Read time: 2 mins
178 Caterpillar Chairman and CEO Doug Oberhelman has outlined the risks to US competitiveness if the 908 US Government proves unable to agree on both short and long term infrastructure funding issues. "American companies implement just-in-time inventory and on-demand supply chains. We produce vehicles and machines with greater fuel efficiency and lower carbon emissions. We lead the world in innovation, inventing better products and better processes," Oberhelman wrote in an article headlined "Congress must move on the Highway Trust Fund.

He continued, "We unleash all this creativity, and then are constrained by inefficient infrastructure, much of which was built when cars still drove with leaded gas. Imagine if we didn’t have such inefficiency. Imagine if we didn’t have congestion delays, indirect routes and the higher costs they bring. Imagine if the United States planned and implemented a 21st century transportation system that creates jobs and growth, and ensures the United States remains the economic envy of the world. A similar vision motivated the White House and Congress to find a solution in the 20th Century, and should be enough to motivate them again now."

Doug joined other business leaders and vice president Joe Biden at a meeting held by the White House Business Council at the Eisenhower Executive Office Building on July 9th. At the meeting, Doug spoke as part of a panel with US Secretary of Transportation Anthony Foxx to urge policymakers to pass legislation before money runs out of the Highway Trust Fund and MAP-21 authorisation expires.

Caterpillar is also a founding member of the Alliance for American Competitiveness, a group of leading US companies that rely on an integrated, efficient and effective transportation system for their businesses. The Alliance is actively working to ensure that an effective and long-term solution can be reached to fund US infrastructure needs.

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