News Formal

Caterpillar still uses Russia to move parts, despite halting business with it

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Philippines News News

The disclosure that Caterpillar continues to use Russia as a transit route shows how dependent the EU and China are on shipping routes that traverse Russia

A Caterpillar 12M Grader on display in Lexington, Kentucky, the US. Picture: BLOOMBERG/LUKE SHARRETT

An internal document outlining Caterpillar’s logistics and supply-chain activities, seen by Bloomberg, says the company’s rail shipments crossing Russia between Europe and China were operating as normal. Caterpillar began relying more on rail freight through Russia in 2021, when ocean freight became exceedingly tight and costly.

The revelation that Caterpillar continues to use Russia as a transit route is significant, considering that Caterpillar doesn’t normally give out a lot of detail about physical shipping of its goods in Europe, Asia or elsewhere.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Caterpillar still uses Russia to move parts, despite halting business with itThe disclosure that Caterpillar continues to use Russia as a transit route shows how dependent the EU and China are on shipping routes that traverse Russia
Source: BDliveSA - 🏆 12. / 63 Read more »