The famous American construction manufacturer has decided to stop producing the Ultra Track tippers. Despite the technical specifications, the exploitation and transportation of these models is quite complicated due to their large weight. That was the reason for the decline in the tippers’ demand. To cover all the production costs, Caterpillar has decided to mostly focus on the equipment for the logging and utilities services.
The new policy has positively affected the Caterpillar shares, which have risen by 0.85% and still continue to grow. Traders have a good chance to make money on a further increase. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.