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Caterpillar expects to dig up big profits

SHARE Caterpillar expects to dig up big profits

John Miller, Associated Press

An overview of Caterpillar's Tinaja Peak training area shows two excavators, one track loader and three off-highway trucks in a demonstration of new models in Green Valley, Ariz., on Thursday. Caterpillar Inc. expects its sales and revenue will rise 49 percent this decade as the industry expands and more roads and houses are built to keep pace with an expanding world population, said president and chief executive Glen A. Barton. The heavy equipment maker expects the construction industry will grow by nearly 30 percent over the decade.