Caterpillar says its fourth-quarter profit jumped 60 per cent, boosted by a steep increase in global demand for its products.
The world's largest maker of construction and mining equipment reported net income of 1.55 billion dollars, up from 968 million in the same quarter last year.
Sales and revenue at Caterpillar jumped 24 per cent to 17.24 billion dollars.
Caterpillar also issued 2012 guidance above analyst predictions.
Cat is the parent company of the rail division that owns the Electro-Motive plant, formerly G-M Diesel, in London. They locked out workers Jan. 1st amid demands employees take a 50% pay cut as well as reductions in other benefits, in any new contract.
