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Week of April 19, 2001 |
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| Caterpillar subsidiary moving logistics center to Miami-Dade By Sherri C. RantaCaterpillar Logistics Services Inc., a subsidiary of the huge manufacturer of earth-moving equipment, is having a 300,000-square-foot complex built in Beacon Station industrial park in Medley. Company representative Rachel Kunz said Caterpillar is in negotiations for clients to fill the complex, which is scheduled to be ready in May. Ms. Kunz declined further comment. "At this point, we're not able to comment. We're in a non-disclosure time right now and are limited in what we can say. Until we have signed all the legal documents and agreements, we're not allowed to disclose the name of clients," Ms. Kunz said from corporate headquarters in Peoria, IL. Caterpillar Logistics provides third-party logistics services — inventory management and distribution expertise — for companies such as DaimlerChrysler, BMW Group, Honeywell and Ericsson, according to the company's website. The company's nearest logistics center now is in Atlanta. A leading US exporter, Caterpillar representatives are pressing for passage of the Free Trade Area of the Americas pact between 34 countries in the Western Hemisphere to create the world's largest trade bloc. The company has three logistics centers in Latin America in Argentina and Brazil. A Fortune 100 company with more than $26 billion in assets, Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. More than half its sales are made overseas. The company had exports of $5.2 billion in 1999. This is Miami's third Caterpillar facility. The company moved its Latin American HQ to Waterford at Blue Lagoon office park in 1999. Initially, the move meant about 100 new jobs for the area. Caterpillar also has a distribution center in Miami.
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