Cat Suspends Russian Operations; Donates to Ukraine

March 11, 2022 – Caterpillar issued the following statement: “We are deeply saddened by the tragic events continuing to occur in Ukraine and hope for a peaceful resolution to the crisis. Through the Caterpillar Foundation, we are donating more than $1 million to support both urgent and long-term needs of the Ukraine humanitarian crisis. We are complying with all applicable laws…

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AEM Report: Infrastructure Means 100,000 Good Jobs

The Association of Equipment Manufacturers (AEM) released a new report that shows more than 100,000 family-sustaining equipment manufacturing jobs can be created before the end of President Biden’s first term in office. According to the data by IHS Markit, these are high-skilled jobs in primarily rural areas that pay an average annual income of $88,000, which is 35% above the…

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Biden Visits Mack Trucks; Touts Manufacturing, Infrastructure

Mack Trucks hosted President Joe Biden at its Lehigh Valley Operations (LVO) facility in Macungie, Pa., where all Mack heavy-duty models for North America and export are assembled. President Biden stressed the importance of American manufacturing, buying American products and good-paying jobs during remarks made at the facility.

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How Biden Plan Could Impact Manufacturers

President Biden released his much-anticipated American Jobs Plan during a speech in Pittsburgh. The massive $2.25 trillion economic package includes $1.3 trillion for infrastructure spending and another $980 billion in investments in R&D, workforce development, manufacturing and eldercare. A number of specific policy proposals included in the eight-year spending initiative could impact equipment manufacturers. 

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