USA TODAY US Edition
Caterpillar may sell part of division
Heavy-equipment maker Caterpillar is considering selling part of its logistics subsidiary so it can focus on its core business. Caterpillar said it has hired Bank of America Merrill Lynch and Robert W. Baird to help it evaluate the options for its third-party logistics business. Vice President Steve Larson says the unit has performed well but is not part of the main business of making mining and construction equipment.