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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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jeepman64 All-Star Author Indiana Posts:909 Points:847,660 Joined:Aug 2004	Message Posted: Mar 13, 2010 6:16:31 AM Ignore jeepman64 Report Abuse And the pendulum returns.
fillerupyeoww All-Star Author Columbus Posts:971 Points:677,455 Joined:Mar 2008	Message Posted: Mar 13, 2010 6:15:50 AM Ignore fillerupyeoww Report Abuse Better product quality will surely follow.
AvantiMick Champion Author Indiana Posts:8,036 Points:1,605,370 Joined:Dec 2005	Message Posted: Mar 13, 2010 6:15:28 AM Ignore AvantiMick Report Abuse Outstanding!! About time!
DWME Champion Author Indiana Posts:1,113 Points:215,775 Joined:Aug 2009	Message Posted: Mar 13, 2010 6:14:33 AM Ignore DWME Report Abuse One of the top companies out there.
BBHybrid Champion Author Pittsburgh Posts:2,623 Points:528,455 Joined:Aug 2008	Message Posted: Mar 13, 2010 6:13:36 AM Ignore BBHybrid Report Abuse way to go
cableman31 Champion Author New York Posts:4,057 Points:1,073,755 Joined:May 2004	Message Posted: Mar 13, 2010 6:12:55 AM Ignore cableman31 Report Abuse I agree with goalie1950.
MRED3 Champion Author Jacksonville Posts:2,270 Points:444,220 Joined:May 2009	Message Posted: Mar 13, 2010 6:09:56 AM Ignore MRED3 Report Abuse I hope that it will bring home jobs but don`t count on Obama`s government to help.
Lukus Champion Author Halifax Posts:3,514 Points:714,215 Joined:Nov 2007	Message Posted: Mar 13, 2010 6:09:14 AM Ignore Lukus Report Abuse Gee, you don't suppose that is because Obama is penalizing them for shipping jobs off shore? That is the only reason they would even think about bringing the jobs back to North America.
goalie1950 Champion Author Phoenix Posts:1,635 Points:328,350 Joined:Oct 2009	Message Posted: Mar 13, 2010 6:08:54 AM Ignore goalie1950 Report Abuse It's about time and long over due. We need to restore the pride in the slogan: MADE IN AMERICA
jpd683 All-Star Author Scranton Posts:996 Points:915,575 Joined:Jul 2005	Message Posted: Mar 13, 2010 6:08:08 AM Ignore jpd683 Report Abuse we need more companys to do this, The heck with China and Mexico
checkum Champion Author St. Louis Posts:3,335 Points:663,840 Joined:Jan 2008	Message Posted: Mar 13, 2010 6:07:07 AM Ignore checkum Report Abuse great idea! let's take our country back from China
naw62 Champion Author Maine Posts:4,570 Points:1,250,745 Joined:Sep 2006	Message Posted: Mar 13, 2010 6:05:10 AM Ignore naw62 Report Abuse It's about time that they stop outsourceing
MightyDude Champion Author Minnesota Posts:5,361 Points:1,677,270 Joined:Mar 2003	Message Posted: Mar 13, 2010 6:04:21 AM Ignore MightyDude Report Abuse i like it
turbodog Champion Author Mississippi Posts:1,833 Points:393,100 Joined:Feb 2009	Message Posted: Mar 13, 2010 6:04:03 AM Ignore turbodog Report Abuse When it makes sense, do it.
tankneverfull Champion Author Charlotte Posts:4,252 Points:832,420 Joined:Apr 2008	Message Posted: Mar 13, 2010 6:02:58 AM Ignore tankneverfull Report Abuse Hopefully this will bring some jobs back home also.
Helms Champion Author Fort Worth Posts:4,259 Points:1,229,600 Joined:Jun 2005	Message Posted: Mar 13, 2010 6:02:17 AM Ignore Helms Report Abuse the latest new thing...is an old thing...who'da thunk it! No wonder those wonder boy CEO's get those 10 million dollar bonuses and 250 million dollar severance packages....
Wesk8 Champion Author Michigan Posts:1,469 Points:640,105 Joined:Aug 2005	Message Posted: Mar 13, 2010 6:01:32 AM Ignore Wesk8 Report Abuse I'm sure this isn't being done through some sense of nostalgia or patriotism. This is an economic decision. Probably the only bright spot I can think of due to the high cost of transportation.
Cruiser340 Champion Author Grand Rapids Posts:7,555 Points:1,819,960 Joined:May 2004	Message Posted: Mar 13, 2010 5:58:53 AM Ignore Cruiser340 Report Abuse this is good.
packards42 Champion Author Washington Posts:1,688 Points:307,255 Joined:Feb 2005	Message Posted: Mar 13, 2010 5:57:27 AM Ignore packards42 Report Abuse Good for CAT coming home to mama!
Badmoon Champion Author Massachusetts Posts:3,366 Points:679,940 Joined:Oct 2008	Message Posted: Mar 13, 2010 5:57:01 AM Ignore Badmoon Report Abuse Maybe thew world will trend that way now, where it is cost effective for each country to grow there own.
Skychief Veteran Author Florida Posts:259 Points:182,485 Joined:May 2006	Message Posted: Mar 13, 2010 5:54:34 AM Ignore Skychief Report Abuse About time.
CSharpGuy Champion Author Colorado Springs Posts:4,579 Points:929,560 Joined:Jan 2008	Message Posted: Mar 13, 2010 5:54:16 AM Ignore CSharpGuy Report Abuse There should be a tax penalty for companies that off-shore their employees. And there should be a tax break for companies that only hire US citizens.
NJColt Champion Author New Jersey Posts:7,865 Points:1,676,480 Joined:Aug 2005	Message Posted: Mar 13, 2010 5:53:49 AM Ignore NJColt Report Abuse probably because people are staring to realize that unemployment ISN'T going to be fixed by the silver-tongued OBAMANATION. Isn't "change" just wonderful?
LCSTEELERBOB Champion Author Gary Posts:1,588 Points:366,895 Joined:Oct 2008	Message Posted: Mar 13, 2010 5:53:36 AM Ignore LCSTEELERBOB Report Abuse if this is true i commend them for what they are doing it is a start to making this country great again
tomok Champion Author Portland Posts:18,347 Points:1,371,035 Joined:Aug 2006	Message Posted: Mar 13, 2010 5:52:25 AM Ignore tomok Report Abuse It my have taken a while to finally realize that cheaper manufacturing prices may not be good for the country as a whole. Keep the jobs and the income here.
RichardoB Champion Author Fayetteville Posts:2,988 Points:1,070,110 Joined:Jun 2007	Message Posted: Mar 13, 2010 5:51:23 AM Ignore RichardoB Report Abuse I hadn't heard of this before. It will only happen in non union States, though.
dan30thz28 Champion Author New Jersey Posts:1,287 Points:1,058,325 Joined:Feb 2006	Message Posted: Mar 13, 2010 5:50:34 AM Ignore dan30thz28 Report Abuse Wow.
Grismer Champion Author Kitchener-Waterloo Posts:3,722 Points:769,740 Joined:Apr 2008	Message Posted: Mar 13, 2010 5:49:17 AM Ignore Grismer Report Abuse Yeah, right.
LocalSpyGuy Champion Author Tampa Posts:2,952 Points:617,185 Joined:Nov 2008	Message Posted: Mar 13, 2010 5:41:37 AM Ignore LocalSpyGuy Report Abuse I think that these companies will only locate in the U.S. if it benefits their bottom line.
Don1222 Champion Author Michigan Posts:6,234 Points:766,905 Joined:Jul 2008	Message Posted: Mar 13, 2010 5:41:23 AM Ignore Don1222 Report Abuse Buy American, MADE IN THE UNITED STATES.
DerTaubman Champion Author Detroit Posts:2,408 Points:557,290 Joined:Jun 2007	Message Posted: Mar 13, 2010 5:38:43 AM Ignore DerTaubman Report Abuse Nice to see jobs coming back. Now if only MI. were a right to work state.
speedys Champion Author Utah Posts:2,111 Points:1,586,020 Joined:Nov 2005	Message Posted: Mar 13, 2010 5:37:49 AM Ignore speedys Report Abuse Iam with you "JCUBE".
Ringmaster2008 Champion Author Ontario Posts:2,957 Points:504,610 Joined:Apr 2008	Message Posted: Mar 13, 2010 5:36:55 AM Ignore Ringmaster2008 Report Abuse Good news for the unemployed/underemployed in whatever areas they relocate.
DJRIO Champion Author Miami Posts:2,500 Points:460,525 Joined:Jan 2008	Message Posted: Mar 13, 2010 5:36:32 AM Ignore DJRIO Report Abuse good
BigDogOH Champion Author Cincinnati Posts:3,557 Points:834,340 Joined:Mar 2008	Message Posted: Mar 13, 2010 5:35:45 AM Ignore BigDogOH Report Abuse Great! now lets hope Government dosen't tax them back out of country.
salgood Veteran Author Twin Cities Posts:478 Points:176,295 Joined:Jun 2008	Message Posted: Mar 13, 2010 5:35:44 AM Ignore salgood Report Abuse The businesses won't come back to Minnesota. Here the answer to budget woes is "find new things to tax, raise the taxes we have, and increase fees.
skippypa Champion Author Hawaii Posts:3,534 Points:767,065 Joined:Jun 2008	Message Posted: Mar 13, 2010 5:33:44 AM Ignore skippypa Report Abuse It's about time they start bringing back the jobs.
OilerFan Champion Author Tulsa Posts:9,229 Points:1,689,130 Joined:Aug 2005	Message Posted: Mar 13, 2010 5:32:25 AM Ignore OilerFan Report Abuse It's likely that the only way those jobs will really return, is if they can return without union interference. Unions have been death to most jobs in my area.
cajun57 Veteran Author North Carolina Posts:264 Points:768,465 Joined:Sep 2005	Message Posted: Mar 13, 2010 5:30:54 AM Ignore cajun57 Report Abuse FANTASTIC, and get RID of the unions.
curlypooh Champion Author New Jersey Posts:4,959 Points:1,038,140 Joined:Apr 2007	Message Posted: Mar 13, 2010 5:27:08 AM Ignore curlypooh Report Abuse It's good for the US workers but it is a shame to think what is happening to our dollar. Soon, with all our debt, we will be no better than any 3rd world country. All talk and no money :( SAD
JCUBE Champion Author Michigan Posts:3,571 Points:952,050 Joined:Aug 2003	Message Posted: Mar 13, 2010 5:26:04 AM Ignore JCUBE Report Abuse If we don't over regulate corporations and tax them to death, maybe they'll all start coming home and put our work forces back on the payroll and get our finances back on solid ground. Keep the greedy unions at bay also, those thugs don't need to be involved either.
Beau2140 Champion Author New York Posts:3,370 Points:683,485 Joined:Oct 2008	Message Posted: Mar 13, 2010 5:25:55 AM Ignore Beau2140 Report Abuse Good news. More companies need to be doing the same thing.
murushi Champion Author Ontario Posts:3,090 Points:606,255 Joined:Jul 2008	Message Posted: Mar 13, 2010 5:22:21 AM Ignore murushi Report Abuse I hope it does happen...
roadrunnerMO Champion Author Kansas Posts:3,451 Points:737,295 Joined:Jul 2008	Message Posted: Mar 13, 2010 5:22:01 AM Ignore roadrunnerMO Report Abuse And what about the unions that helped drive jobs overseas to start with?
cathevan Champion Author Manitoba Posts:2,133 Points:524,025 Joined:May 2007	Message Posted: Mar 13, 2010 5:21:03 AM Ignore cathevan Report Abuse there are always positives to be had in negatives
epf Champion Author Grand Rapids Posts:1,598 Points:927,780 Joined:May 2004	Message Posted: Mar 13, 2010 5:20:32 AM Ignore epf Report Abuse Praise be to God, it is about time.
theawesome1 Champion Author Cleveland Posts:3,666 Points:811,115 Joined:Aug 2005	Message Posted: Mar 13, 2010 5:19:02 AM Ignore theawesome1 Report Abuse Yeah Catepillar! Creating jobs for folks who want & need them badly
MertieMan Champion Author Lexington Posts:9,847 Points:1,922,210 Joined:May 2005	Message Posted: Mar 13, 2010 5:12:39 AM Ignore MertieMan Report Abuse Its about time that we got some of our jobs back. Good for the old Cat.
RoadhogMA Champion Author Boston Posts:2,099 Points:478,575 Joined:Dec 2008	Message Posted: Mar 13, 2010 5:10:49 AM Ignore RoadhogMA Report Abuse Cat has been union made for years and is no. 1 in equipment .
rogerparry Champion Author Florida Posts:4,629 Points:942,480 Joined:Jan 2008	Message Posted: Mar 13, 2010 5:08:50 AM Ignore rogerparry Report Abuse Good news. We need to have some manufacturing done in the U.S.
applejoe Champion Author Twin Cities Posts:2,692 Points:558,020 Joined:May 2001	Message Posted: Mar 13, 2010 5:08:33 AM Ignore applejoe Report Abuse This sounds like a plan, I wouldn't mind working for a company like Caterpillar.