WASHINGTON, D.C. -- Caterpillar Group President Stu Levenick testified before Congress Tuesday.
He urged members of the House Transportation Committee to adopt a comprehensive long-term Transportation and Infrastructure Bill. Levenick says other countries and regions -- China, Japan, Canada and the European Union -- have adopted integrated transportation systems, all while the U.S. falls behind.
"It's not just about selling more machines," Levenick said. "It's about the drag our poor infrastructure has on the U.S. economy, our ability to efficiently import and export, and consequently the adverse impact it has on U.S. competitiveness. "
The CEO of the U.S. Chamber of Commerce estimates it would take an additional $1.66 Trillion to bring the entire U.S. transportation system to an acceptable level.