Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Caterpillar considers Covid-19 impact

The magnitude of the Covid-19 pandemic will be determined by its duration, geographic spread, business disruption and overall impact on the global economy, says equipment manufacturer Caterpillar.

No company is immune to the impacts of Covid-19 and Caterpillar is starting to feel the impact of the pandemic on its supply chain.

Currently, the manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives said it is continuing to run the majority of its US domestic operations and plans to continue operations in other parts of the world, as permitted by local authorities.

However, due to uncertain economic conditions resulting in weaker demand, potential supply constraints and the spread of the Covid-19 pandemic and related government actions, Caterpillar is temporarily suspending operations at certain facilities.

The company’s supply chain teams have been executing continuity plans, “which include, but are not limited to, being alert to potential short supply situations, and, if necessary, utilising alternative sources and/or airfreight, redirecting orders to other distribution centres, and prioritising the redistribution of the most impactful parts”.

Caterpillar added that its financial results for the first quarter and remainder of 2020 will be impacted by the above factors and the continued global economic uncertainty due to the Covid-19 pandemic.

www.caterpillar.com

 

Heavy Lift | News

Lift & Move USA launches website thumbnail image

Lift & Move USA launches website

June 3 - Lift & Move USA has launched a website showcasing the careers, industries and types of work related to the crane, rigging and specialised transport industry.
Views: 211
Omega Morgan expands footprint thumbnail image

Omega Morgan expands footprint

June 1 - Omega Morgan has expanded its industrial warehouse and storage capabilities at the port of Tacoma and in Portland, USA.
Views: 507
Zelaya joins UTC thumbnail image

Zelaya joins UTC

June 1 - Global freight forwarder and specialised transportation provider UTC Overseas has appointed Jo Ann Zelaya as director, rail, rigging and heavy haul.
Views: 746

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.