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05.11.2012

Caterpillar Logistics Changes Name to Neovia Logistics Services

Caterpillar Logistics Logo Caterpillar Logistics Logo. Photo source Caterpillar Logistics

Caterpillar Logistics Services has changed its name to Neovia Logistics Services. Private equity firm from Los Angeles Platinum Equity bought 65% of Caterpillar Logistics Services for $750 million, leaving only 35 percent to Caterpillar.

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The name "Neovia" translates to “a new path.” The sale will not impact Cat brand products distribution, which will remain a core business as part of Cat Logistics. 

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