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Caterpillar Joins 'Onshoring' Trend

Wall Street Journal -- Caterpillar Inc. is considering relocating some heavy-equipment overseas production to a new U.S. plant, part of a growing movement among manufacturers to bring more operations back home—a shift that will likely spark fierce competition among states for new manufacturing jobs.
The trend, known as onshoring or reshoring, is gaining momentum as a weak U.S. dollar makes it costlier to import products from overseas. Manufacturers are also counting on White House jobs incentives, as well as their ability to negotiate lower prices from U.S. suppliers who were hurt by the downturn and willing to bargain.
After a decade of rapid globalization, economists say companies are seeing disadvantages of offshore production, including shipping costs, complicated logistics, and quality issues.

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Submitted Mar 13, 2010 By: JimL1

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VetteBlue Champion Author San Jose Posts:5,496 Points:1,123,535 Joined:Jan 2007	Message Posted: Mar 13, 2010 8:46:07 AM Ignore VetteBlue Report Abuse This is where some incentive money could do some good.
mooneagle Champion Author Oklahoma City Posts:3,821 Points:785,165 Joined:Jun 2008	Message Posted: Mar 13, 2010 8:45:49 AM Ignore mooneagle Report Abuse good luck
phinsup67 Champion Author North Carolina Posts:4,848 Points:673,685 Joined:Oct 2005	Message Posted: Mar 13, 2010 8:45:11 AM Ignore phinsup67 Report Abuse Fingers crossed.
nb52 Champion Author Grand Rapids Posts:2,882 Points:580,990 Joined:Nov 2008	Message Posted: Mar 13, 2010 8:45:03 AM Ignore nb52 Report Abuse If you read the Holland Michigan LG battery story, you know tax incentives will be key to states winning jobs and new manufacturing and services.
bcb_albany Rookie Author Albany Posts:41 Points:104,985 Joined:Feb 2010	Message Posted: Mar 13, 2010 8:44:01 AM Ignore bcb_albany Report Abuse Excellent news, indeed, although I'm not going to jump up and down in celebration until they move from 'considering' to actually moving. CAT is an institution that I would be glad to see back on its home turf!
Asbury09 Champion Author Iowa Posts:2,392 Points:560,805 Joined:Jan 2009	Message Posted: Mar 13, 2010 8:43:58 AM Ignore Asbury09 Report Abuse Caterpillar has numerous mathballed plants in the Peoria area as well as two in eastern Iowa
MTM Champion Author Mobile Posts:42,781 Points:2,095,935 Joined:Oct 2004	Message Posted: Mar 13, 2010 8:43:17 AM Ignore MTM Report Abuse What took them so long to fingure this out?/
Rick01 Champion Author Utah Posts:4,036 Points:1,414,615 Joined:Sep 2005	Message Posted: Mar 13, 2010 8:42:36 AM Ignore Rick01 Report Abuse Sounds like a winner to me!
hauler43 Champion Author Oakland Posts:4,829 Points:1,857,380 Joined:Sep 2003	Message Posted: Mar 13, 2010 8:41:45 AM Ignore hauler43 Report Abuse Bring the jobs back home where they belong.
Cuzilla Champion Author Indianapolis Posts:8,819 Points:1,552,165 Joined:Sep 2005	Message Posted: Mar 13, 2010 8:41:38 AM Ignore Cuzilla Report Abuse Have them build them in a "Right-to-Work" state!
unicornpmb Champion Author Buffalo Posts:3,537 Points:653,150 Joined:Sep 2005	Message Posted: Mar 13, 2010 8:40:30 AM Ignore unicornpmb Report Abuse Bring back the jobs sound like a good idea.
rvn4me Champion Author Texas Posts:1,872 Points:555,410 Joined:Jan 2009	Message Posted: Mar 13, 2010 8:39:59 AM Ignore rvn4me Report Abuse It is about time they came back. Right now just about any job is a good job. As long as they dont give them to the illegals coming across the borders.
BillHeatherL Champion Author Alberta Posts:2,782 Points:984,085 Joined:Apr 2007	Message Posted: Mar 13, 2010 8:39:35 AM Ignore BillHeatherL Report Abuse nice to see more jobs staying in n a
debbiedl Veteran Author Akron Posts:343 Points:195,135 Joined:Jun 2008	Message Posted: Mar 13, 2010 8:37:02 AM Ignore debbiedl Report Abuse 'Bout time.
mark1962 Champion Author Albany Posts:1,526 Points:331,670 Joined:Sep 2009	Message Posted: Mar 13, 2010 8:36:14 AM Ignore mark1962 Report Abuse Are they good jobs?
tbgasmizer Champion Author Ontario Posts:1,294 Points:293,080 Joined:Oct 2009	Message Posted: Mar 13, 2010 8:35:57 AM Ignore tbgasmizer Report Abuse good
aragorn1 Champion Author London Posts:1,032 Points:368,270 Joined:Jun 2005	Message Posted: Mar 13, 2010 8:35:39 AM Ignore aragorn1 Report Abuse WELL ! Nice to see someone had a coffee and woke up before they went to the office. Too bad it took some 20 years in University to see what the average guy on the street knows..... not everyone can have a white collar job or be a doctor or lawyer, and that the manufacturing sector is an integral part of the economy and that the people who work in it are just as important ( or more actually) as someone who doesn't get dirty for a living The people who "get er done" are more important than those that talk about doing something! thanks for letting me spout off !
SSchmidty Champion Author Illinois Posts:4,337 Points:820,340 Joined:Mar 2008	Message Posted: Mar 13, 2010 8:34:36 AM Ignore SSchmidty Report Abuse No this is shocking news indeed ... what no more plants in India or China? wow, this is news!!!
misterray Champion Author Oregon Posts:2,142 Points:526,990 Joined:Aug 2008	Message Posted: Mar 13, 2010 8:34:02 AM Ignore misterray Report Abuse Better here than there. Bet they won't pay a living wage.
bugc Champion Author Boston Posts:10,289 Points:2,104,455 Joined:Mar 2004	Message Posted: Mar 13, 2010 8:33:25 AM Ignore bugc Report Abuse Good!
wegman Champion Author Twin Cities Posts:2,923 Points:1,128,730 Joined:Jun 2001	Message Posted: Mar 13, 2010 8:31:01 AM Ignore wegman Report Abuse Link to 'subscriber only', not a good plan.
Somis1 Champion Author Ventura Posts:8,343 Points:1,664,415 Joined:Jul 2005	Message Posted: Mar 13, 2010 8:29:40 AM Ignore Somis1 Report Abuse Let's hope the trend takes hold and spreads.
USNChief Veteran Author Jacksonville Posts:253 Points:39,795 Joined:Oct 2009	Message Posted: Mar 13, 2010 8:27:56 AM Ignore USNChief Report Abuse If the Feds gave the big corps. a tax incentive more of this " On-Shoring" would take place.
techque Champion Author St. Louis Posts:3,892 Points:1,526,290 Joined:Apr 2005	Message Posted: Mar 13, 2010 8:27:17 AM Ignore techque Report Abuse hoorah for Cat :-)
doncNJ Champion Author New Jersey Posts:2,780 Points:565,920 Joined:Oct 2008	Message Posted: Mar 13, 2010 8:26:39 AM Ignore doncNJ Report Abuse Other manufacturers should do the same. Bring back job to the USA.
4warned Champion Author Michigan Posts:4,248 Points:1,258,910 Joined:Nov 2006	Message Posted: Mar 13, 2010 8:26:30 AM Ignore 4warned Report Abuse Tear it down to build it back up. Cost and profit. Business, just like gambling you are always taking a risk just depends if you get lucky and can make a profit.
Marson Champion Author Scranton Posts:4,389 Points:1,146,770 Joined:Oct 2006	Message Posted: Mar 13, 2010 8:25:52 AM Ignore Marson Report Abuse Cat makes many products in Japan.
Gassed01 Champion Author Toronto Posts:1,751 Points:851,600 Joined:Jan 2006	Message Posted: Mar 13, 2010 8:24:51 AM Ignore Gassed01 Report Abuse Good move - bring jobs back to North America.
PrepHermit Champion Author New Jersey Posts:3,280 Points:677,455 Joined:Aug 2008	Message Posted: Mar 13, 2010 8:23:24 AM Ignore PrepHermit Report Abuse If they are willing to sacrifice profits for jobs, they are to be commended.
Tundralimited2009 Champion Author Dallas Posts:2,582 Points:519,475 Joined:Feb 2009	Message Posted: Mar 13, 2010 8:22:56 AM Ignore Tundralimited2009 Report Abuse Another Govt committee @ work...
HEBster Champion Author Kentucky Posts:3,948 Points:1,411,385 Joined:May 2006	Message Posted: Mar 13, 2010 8:22:41 AM Ignore HEBster Report Abuse Convince some of your corporate friends to join ya...
tml721 Champion Author Dayton Posts:7,395 Points:1,424,230 Joined:Jul 2005	Message Posted: Mar 13, 2010 8:21:29 AM Ignore tml721 Report Abuse EVEN if they bring their products home there's always going to be a problem of biuling a product cheeper.
maske_2222 Champion Author Manitoba Posts:3,128 Points:648,115 Joined:Oct 2008	Message Posted: Mar 13, 2010 8:20:36 AM Ignore maske_2222 Report Abuse I consider lots of things too...
mreMN Veteran Author Twin Cities Posts:398 Points:173,455 Joined:Oct 2008	Message Posted: Mar 13, 2010 8:18:29 AM Ignore mreMN Report Abuse The key word is considering. It's not a definite.
cigarman409 All-Star Author Massachusetts Posts:825 Points:879,675 Joined:Jul 2007	Message Posted: Mar 13, 2010 8:18:05 AM Ignore cigarman409 Report Abuse bring it home
Toppers Champion Author Atlanta Posts:4,127 Points:1,503,340 Joined:Mar 2005	Message Posted: Mar 13, 2010 8:18:00 AM Ignore Toppers Report Abuse Keep up the good work...Cat!
mazdaboy Champion Author Portland Posts:3,027 Points:1,137,225 Joined:Aug 2003	Message Posted: Mar 13, 2010 8:17:25 AM Ignore mazdaboy Report Abuse Get back. Get back. Get back to where you once belonged. (Beatles)
woodeye55 Champion Author Gary Posts:2,277 Points:902,390 Joined:Mar 2006	Message Posted: Mar 13, 2010 8:16:54 AM Ignore woodeye55 Report Abuse What a great idea. An American company building it's product in the USA. What will they think of next?
reb4 Champion Author Chicago Posts:7,529 Points:847,320 Joined:Sep 2004	Message Posted: Mar 13, 2010 8:15:48 AM Ignore reb4 Report Abuse good move
captngasTN Champion Author Tennessee Posts:1,738 Points:428,900 Joined:Jun 2009	Message Posted: Mar 13, 2010 8:14:37 AM Ignore captngasTN Report Abuse outstanding
bell05 Champion Author Atlanta Posts:4,351 Points:906,180 Joined:Jun 2005	Message Posted: Mar 13, 2010 8:11:17 AM Ignore bell05 Report Abuse Now this is what I am talking about. Go CAT!!!
sjl08203 Champion Author New Jersey Posts:4,089 Points:975,290 Joined:Aug 2005	Message Posted: Mar 13, 2010 8:09:05 AM Ignore sjl08203 Report Abuse That's the kind of trend that is good news.
sleepyt Champion Author Chicago Posts:1,405 Points:420,265 Joined:Mar 2008	Message Posted: Mar 13, 2010 8:08:45 AM Ignore sleepyt Report Abuse Good. Maybe Cat's unions will be so happy to have the jobs back, they'll make some concessions that'll KEEP the jobs here!
LeeFree Champion Author Pittsburgh Posts:4,400 Points:1,295,625 Joined:Jun 2005	Message Posted: Mar 13, 2010 8:08:33 AM Ignore LeeFree Report Abuse It's come to the point where people just can't afford to buy anything anymore unless it comes from China via Wal-mart. Even if a fraction of the millions of manufacturing jobs lost in the past two decades came back it would be a great help for the US.
indyjim Champion Author Indianapolis Posts:4,763 Points:1,349,670 Joined:Jul 2006	Message Posted: Mar 13, 2010 8:08:27 AM Ignore indyjim Report Abuse A case of winning the battle but losing the war. The weaker Obama lets the dollar get, the higher the price of imported goods will become.
DieselKat Champion Author Tennessee Posts:1,721 Points:1,414,575 Joined:Oct 2005	Message Posted: Mar 13, 2010 8:08:27 AM Ignore DieselKat Report Abuse Have they forgot about the all for me and none for you unions?
FlyNFool Champion Author South Carolina Posts:3,581 Points:724,270 Joined:Aug 2008	Message Posted: Mar 13, 2010 8:08:07 AM Ignore FlyNFool Report Abuse Imagine what would happen if the corporate tax rate were cut in half or more!
kruk Champion Author London Posts:2,843 Points:332,715 Joined:Jan 2007	Message Posted: Mar 13, 2010 8:06:23 AM Ignore kruk Report Abuse it is battle for free tax money
bad_sailor Champion Author London Posts:2,989 Points:726,105 Joined:Dec 2007	Message Posted: Mar 13, 2010 8:04:43 AM Ignore bad_sailor Report Abuse It would be nice to see some jobs coming back for a change.
NorthglennBill Champion Author Denver Posts:3,038 Points:577,230 Joined:Oct 2008	Message Posted: Mar 13, 2010 8:02:36 AM Ignore NorthglennBill Report Abuse Next we will hear of unions in Korea and China all trying to get a fair wage for their employees.
SpruceGuse2 Champion Author Michigan Posts:4,893 Points:1,492,690 Joined:Mar 2006	Message Posted: Mar 13, 2010 8:01:35 AM Ignore SpruceGuse2 Report Abuse Stands to reason, it costs to travel and it will be easier to see whats going on here at home.
lpj Champion Author Macon Posts:7,407 Points:1,527,040 Joined:Apr 2006	Message Posted: Mar 13, 2010 8:00:42 AM Ignore lpj Report Abuse this global economy has about bankrupted the usa !!