News / New chapter opens as Caterpillar finally quits logistics sector with sale of Neovia

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Giant US heavy machinery manufacturer Caterpillar has finally exited the logistics market after selling its stake in its former in-house logistics business.

Caterpillar retained a 35% stake in Neovia Logistics, formerly known as Caterpillar Logistics, when 65% was sold to investment firm Platinum Equity in July ...

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