To: - with a K who wrote (21163 ) 5/17/2005 9:44:46 PM From: - with a K Respond to of 78707 CAT news:NEW YORK, May 17 (Reuters) - Caterpillar Inc. (CAT) on Tuesday said machinery and engine sales each rose 20 percent in April from a year earlier. Retail machine sales were helped by strong sales in Asia/Pacific and Latin America, with sales up 22 percent in Asia, compared with a 13 percent rise in March. In Latin America machinery sales grew 65 percent, compared with 57 percent growth in March, the company said on its Web site. Analysts said the sales figures were strong, despite tough comparisons from a year ago. "April retail sales were impressive, especially considering (the) recent slowdown in certain machinery names and a general softening in the industrial economy," JP Morgan analysts said in a research note. In the engine business, sales of petroleum engines jumped 25 percent, compared with a 13 percent increase in March, while sales of industrial, marine, truck and bus engines declined slightly. Electric Power engine sales rose 23 percent, compared with a 15 percent increase in March, and 35 percent rise in February. April dealer inventories were 36 percent higher than a year earlier, the company said. (Per Prudential, when adjusting for higher sales unit volume, months of sales in inventory decreased 8% YOY.) And if this transportation bill gets past the White House I would think this would be beneficial long term for CAT as lots of spending will follow for highway construction.WASHINGTON, May 17 - The Senate overwhelmingly approved a $295 billion highway and mass transit bill this afternoon, setting up a showdown with the White House, which has called for a bill $11 billion smaller. The 89-to-11 vote reflected the desire of most of the lawmakers, regardless of party, for more road and transit dollars for their states, especially since the last big road-and-transit aid program is set to expire at the end of the month.... Senator James Jeffords, independent of Vermont, urged Mr. Bush to reconsider his veto threat. "This bill will have an impact on every city and every town and every state," he said. Mr. Jeffords is the minority leader on the Environment Committee. nytimes.com