Industrial Insight

CAT the canary | October 24, 2013

Is Caterpillar the canary in the coalmine?

Published: Wednesday, 23 Oct 2013 | 11:25 PM ET

A gloomy quarterly earnings report from Caterpillar – the world’s largest equipment maker – should be treated as a warning sign for the global mining industry, analysts told CNBC.

Caterpillar, widely considered an economic bellwether for the mining industry, posted lower-than-expected quarterly profits Wednesday and cut its full-year forecast for the third time this year.

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.







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