Caterpillar offsets rising costs, but dollar hurts

Posted on Thursday 15th November 2018

Reporting on its third quarter earnings results, Caterpillar has managed to maintain profit levels,

while keeping on top of rising costs, including the tariff-boosted price of steel and aluminium,

through a raft of savings.

 

But it can’t overcome the rising value of the US dollar and the company has notified its dealers and

distributors around the world that some prices will increase between 1% and 4% percent worldwide

from January 2019.

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