What polar vortex? Caterpillar sales to builders surge despite chill
Posted: 2/24/2014 |
Caterpillar Inc said on February 20 that sales of its construction equipment had surged in recent months, driven by an especially large jump in demand in North America, where a series of severe winter storms and arctic temperatures failed to keep builders out of dealer showrooms.
The Peoria, Illinois-based company, the world's largest maker of earth-moving equipment used by builders and miners, said that worldwide retail sales to end users in the construction industry rose 9 percent in the three months ended Jan. 31, driven by a 12 percent increase in North America.