Caterpillar said Wednesday that it has hired Bank of America Merrill Lynch and Robert W. Baird & Co. to help it evaluate the options for its third-party logistics business.

Caterpillar Vice President Steve Larson says the third-party logistics business has more than 50 customers worldwide and has performed well, but it’s not part of the Peoria, Illinois, firm’s main business of making yellow-and-black mining and construction equipment.

If Caterpillar does sell its third-party logistics unit, the company’s own manufacturing logistics and parts distribution operations will not be included.