Doug Oberhelman, chairman and CEO of Caterpillar Inc, wrote an opinion piece for CNBC today calling for Congress to solve America’s congestion problems and invest in our infrastructure with a long-term highway bill.
Oberhelman cited a report issued by the Business Roundtable (BRT) that showed a strong U.S. public commitment to invest in world-class physical infrastructure in the mid-20th century. “That helped propel the United States to become the world’s strongest economy. Since then, investment has tapered off or flat lined, while demand for high-performing, high capacity systems has grown,” he wrote. “Infrastructure is a key component of any competitiveness measure, and by any measure the United States is falling far behind.”
Read the opinion piece on CNBC.