Caterpillar CEO Warns of Obstacle to U.S. Competiveness

By George Backwell
Monday, July 14, 2014
Highway works: Image credit Caterpillar

In a July 10, 2014 opinion article headlined, "Congress must move on the Highway Trust Fund," Caterpillar Chairman and CEO Doug Oberhelman outlined the risks to U.S. competitiveness if Washington's leaders can't fix short and long term infrastructure funding issues.

Doug Oberhelman joined other business leaders and Vice President Joe Biden at a meeting held by the White House Business Council at the Eisenhower Executive Office Building on July 9. At the meeting, Doug spoke as part of a panel with U.S. Secretary of Transportation Anthony Foxx to urge policymakers to pass legislation before money runs out of the Highway Trust Fund and MAP-21 authorization expires.

"American companies implement just-in-time inventory and on-demand supply chains. We produce vehicles and machines with greater fuel efficiency and lower carbon emissions. We lead the world in innovation, inventing better products and better processes," Oberhelman wrote. "We unleash all this creativity, and then are constrained by inefficient infrastructure, much of which was built when cars still drove with leaded gas."

"Imagine if we didn’t have such inefficiency.  Imagine if we didn’t have congestion delays, indirect routes and the higher costs they bring. Imagine if the United States planned and implemented a 21st century transportation system that creates jobs and growth, and ensures the United States remains the economic envy of the world. A similar vision motivated the White House and Congress to find a solution in the 20th Century, and should be enough to motivate them again now."

Caterpillar points out that it is also a founding member of the Alliance for American Competitiveness, a group of leading U.S. companies that rely on an integrated, efficient and effective transportation system for their businesses. The Alliance is actively working to ensure that an effective and long-term solution can be reached to fund U.S. infrastructure needs.

Source: Caterpillar


Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Search for Missing Crew of El Faro

Coast Guard search and rescue crews continue searching for possible survivors from the cargo ship El Faro Monday night, covering a total search area of more than 160,574 square nautical miles.

Northern Fleet to Conduct Anti-terrorist Exercises

The sailors of the Northern Fleet will conduct anti-terrorism exercises at Novaya Zemlya. During the exercise, the coast will be a landing. The landing will

ADF’s New Amphibious Capability Demonstrated

Australia’s newest military capability, the Amphibious Ready Element, has demonstrated its capacity in waters off the North Queensland coast during the Sea Series of exercises.

People in the News

USCG Search for Missing Crew of El Faro

Coast Guard search and rescue crews continue searching for possible survivors from the cargo ship El Faro Monday night, covering a total search area of more than 160,574 square nautical miles.

MECNW Appoints New CEO

Terry Weston has been confirmed as Chief Executive of Maritime and Engineering College North West (MECNW) following the retirement of his predecessor, Jim Teasdale, at the end of September.

Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.


Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

New Risks Moving Crude Oil by Rail

The rapidly changing landscape of crude oil exploration and drilling in the US and Canada, together with economic considerations, logistical issues related to pipeline transport,

Asia-Europe Box Rates Drop 31 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31 percent to $313 per 20-foot container (TEU) in the week ended on Friday,


U.S. Investigators Head to Florida to Probe Ship Lost in Hurricane

Federal safety investigators traveled to Florida on Tuesday to investigate the U.S. container ship lost at sea after being hit by powerful Hurricane Joaquin, leaving

PCCI to Provide Revised Crane Load Chart

PCCI, Inc. of Alexandria, Virginia, was awarded a contract by the Department of Transportation/U.S. Maritime Administration (MARAD) to provide a new, revised

Höegh Names SSL as its Agent in Finland

Höegh Autoliners appointed Scandinavian Shipping & Logistics, which has already worked with the Norwegian ocean carrier in Sweden and Norway for several years, as its agent in Finland, effective Dec.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1898 sec (5 req/sec)