The Clayton Distribution Center is part of the company’s multi-year expansion of its North American Cat parts distribution network, Young said.
“As such, the Clayton Distribution Center is not included in the scope of the strategic options outlined in today’s announcement,” she said.
The center will employ as many as 600 people when it opens. Company officials had said the center off Hoke Road would open in perhaps the early second quarter this year, but recently, Young said the site would open “mid-year.”
Caterpillar announced today that it is looking at “a range of strategic options” for its third party logistics business, which is part of its wholly owned subsidiary, Caterpillar Logistics Services. That range of options includes a potential sale or structuring the business as an independent business within Cat Logistics, the company said.
The third-party business serves more than 50 customers worldwide in different industries, the company said.
“Given Caterpillar’s increased focus on the significant growth opportunities in its core businesses, the company has decided to consider its options for the future of the (third-party logistics) business,” Steve Larson, vice president of Caterpillar Inc., said in a statement from the company.
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Contact this reporter at (937) 225-2390 or tgnau@DaytonDailyNews.com.
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