Caterpillar records record $1.22 billion profit for Q1 2011
IvyAdams
5/4/2011 2:57:22 AM
Caterpillar, the biggest heavy equipment manufacturer and 4th-biggest exporter on the globe, reported record profits Friday. The record $1.22 billion profit outpaced last year's Q1 total by 426 percent. Equipment sales were up by 57 percent to $12.95 billion. I read this here: Caterpillar records record $1.22 billion profit for Q1 2011
Re: these projects are too expensive
icebreaker1975
4/14/2011 10:15:44 PM
Building another bridge with in New York would definitely fill a long overdue need...but seeing it built devoid of federal funds...i will definitely be waiting to see whats going on with that project.
Do we really have a choice?
Mtn_Stream
4/14/2011 10:14:14 PM
We have to upgrade the infrastructure in America, that should be priority number 1, we can not have another bridge collaspe, especially not the really long Tappan Zee bridge that runs really low and close to the water. I think we have to make some tough decisions, we might just have to take some federal funding away from some places. We need the fast internet too.
Scott: Fascinating data on the bridges. What's the source? you make it sound like building an invisible subway system in Naples, Italy.
Groundbreakings, Cranes and Ribbon cuttings...oh my!! Its all apart of the progress that we are seeing with constant construction in the U.S. From the rebuilding of the Towers in New York City, to ribbon cuttings in Main Street, USA, we are in the midst of a "rebuilding era." Not just the economy, but we are rebuilding lives, families and communities. I think that construction can handle the "bumpy road," as we tend to see fluctuations in the amount of new projects being completed.
Re: these projects are too expensive
John Jordan
4/14/2011 3:02:28 PM
Point of clarification. The New York State Department of Transportation, which is leading the TZ Bridge Replacement Study, has pegged the cost of building a new span with a dedicated lane for bus rapid transit at approximately $9.3 billion. If you were to add commuter rail, the project's cost would rise another $6.7 billion to a grand total of $16 billion.
To date, very little if any federal dollars have been earmarked for the new Tappan Zee Bridge and this project may wind up being financed through a Public-Private Partnership. While many politicians in the New York region say they are in favor of building a new bridge, it will be interesting to see in the months and perhaps years ahead whether the federal government and New York State will have the resources and the resolve to help finance the venture.
Roads and airports are a start
tokyogai
4/14/2011 2:31:25 PM
Roads and airports really do need upgrades in the United States, but we also need to do something about our communications infrastrucutre. In places like Korea and Japan people can get "real" broadband at prices far below what is available in the US. A 1GB symmetrical internet connection can be had in Japan for about $60 USD/month ( not even available in the US) and in Korea a "slow" 20MBPS internet connection is $20/month-- much less that 1/2 the cost in the US.
Working on both infrastructures will create labor jobs and technology jobs and let the US compete in the future.
these projects are too expensive
Scott
4/14/2011 2:23:16 PM
The cost of replacing the Tappan Zee Bridge is projected to cost $6.4B.
The RFK/Triboro Bridge -- an amazing and more complex structure than the Tap -- was completed in the mid 30s for $60M. The double decker George Washington Bridge was opened a few years later at a cost of $59M. Adjusted for inflation, those bridges cost under a billion of today's dollars. Why can't we get six Triboros or GWs for the cost of one Tappan Zee?
Re: How far can we go with old infrastructure
mInvestor
4/14/2011 2:16:02 PM
It's necessary to get those old road and bridges properly maintained. But shall they be always properly maintained even we don't need an investment momentum to jump start our economy.
On the other hand, we need to jump starting lots of other stuffs, such as better health care and more sophisticated infrastructures. Those things can create jobs as well, and they will generate more profits and has longer benefits for economy and people.
Any thoughts?
How far can we go with old infrastructure
Value Hiker
4/14/2011 1:24:44 PM
The transportation infrastructure of United States has no major upgrade for more than 50 years. How far can we go with the bumpy road and falling bridge?
Investors who bought companies like VMC, CX in the past couple of years may be a little disappointed . So far these stocks are the dogs. But in the long run, they shall perform better than the market.
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