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Caterpillar Inc. Message Board

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  • santafenm1 santafenm1 Feb 25, 2009 11:57 AM Flag

    For the new guy just starting a business of his own......

    yes, of course. but the problem is that there aren't many construction projects and so people are not renting these machines .... builders who prefer to buy than rent because they have regular use, are also idle and so is their equipment ... with less use, the wear on the equipment is less and it will last longer

    the bottom line is that sales of machines will be down for a long time and as CAT CEO said he may have to do more layoffs to support the fall in revenue before he starts hiring again.

    this is a scary situation ... it is with the whole global econom ... CAT is not alone.

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