CNH Reports 2Q Results
Net Ag sales down 18% for Quarter Agriculture’s net sales totaled $2.5 billion in the second quarter of 2020, down
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Bill Would Reduce, Extend Unemployment Benefit
The plan would expand a worker-retention tax credit created in March, make $190 million available to small businesses through the Paycheck Protection Program, and send a second round of stimulus checks.
Read moreCNHi Named in Emissions Fraud Investigation
CNH Industrial confirmed that a number of its offices in Europe have been visited by investigators after a request by German magistrates and that it was cooperating fully with authorities.
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Legal Challenge of Steel Tariffs Fails
The Supreme Court declined to take up a case challenging 25 percent tariffs on imported steel products. They will remain in effect.
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Manufacturers Received $54 Billion in PPP Funds
More than 229,000 manufacturing companies received loans, which represented 10.36 percent of the total distributed as of June 30.
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YRC Gets $700 Million Federal Loan
The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business.
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Cyber Attacks Rise by 156 Percent in Manufacturing
The pandemic provided new opportunities to cyber attackers, and manufacturing was hit hard.
Read moreSales Fall in Deere’s Second Quarter
The loss of potentially $1 billion in net income is a microcosm of how the pandemic is impacting the agriculture supply chain and farmers.
Read moreSurvey: Manufacturers Stay Course Amid Virus
More than one in five manufacturers adapted operations to produce personal protective equipment; 67 percent re-engineered processes to elevate health safety measures.
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Deere Reports 2Q Results
Agriculture & Turf sales down 18% from same quarter last year Forecast to decline 10 to 15 percent for fiscal
Read moreHelp Your Workforce Become Resilient
Leaders asking themselves how resilient their business is should also ask a more foundationally important question: How resilient are your people?
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Take These Steps to Restore Operations
As we emerge from the depth of disruption, consider these steps in ramping up operations.
Read moreCNH Plant Reopens After Five-Week Closure
The plant suspended operations April 7 amid a quick case escalation in its community. It reopened with a series of new safety measures.
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ASABE Offers Webinars on Braking Standards
Engineer and project lead Bruce Hawkins will lead webinars about what towed implements need brakes under the new standards. He also will answer questions about braking performance and offer a sizing overview.
Read moreCase IH appoints new Vice President for Europe
Case IH has announced the appointment of Ville Mansikkamäki to the role of Vice President Case IH Europe. He will
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Deere, UAW Negotiate to Keep Plants Operating
Deere agreed to provide paid sick leave to employees who thought they might have been exposed to the virus but did not get tested and offered other safety measures that kept the plant operating.
Read moreCNH Releases Q1 Numbers
Net sales were down for the first quarter due to impact of the coronavirus.
Read moreAlamo Group Reports Q1 Results
Alamo Group’s net sales for the first quarter of 2020 increased by 20 percent compared to the same quarter in 2019. Net income for the quarter increased by 1.8 percent.
Read moreDeere Pauses Production, Lays Off Workers
The pause in production is expected to last 15 days. It is the result of disruption in the supply chain and weakened demand.
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Trade Groups Want to Delay Start of USMCA
The much-celebrated USMCA has become a worry for some as the July 1 start date approaches while the world responds to COVID-19.
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Virus Idles Steel Plants
U.S. mills are operating at 56 percent of capacity, down from 80 percent in 2019, and steel output across the country has fallen by a third in three weeks.
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Opinion: Unemployment Pay Hike May Drive Up Wages
The extra $600 benefit enacted by Congress is overkill for many workers, leading to perverse incentives.
Read moreCNH to Suspend Production in Grand Island
Because of COVID-19, the Case New Holland manufacturing facility in Grand Island, Neb. will temporarily suspend operations after Thursday. General
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Industry Moves
Find out what’s been happening with Kubota, CNH Industrial, Raven Industries, and DOT Technology.
Read moreBraking Standard to Affect Towed Implement Makers
A years-long industry project to develop five new braking standards for agriculture equipment is complete. ASABE also recently published a revised standard for lighting and marketing requirements on field equipment.
Read moreDeere shuts down Dubuque Works for disinfection – after positive COVID-19 case
John Deere Dubuque Works is temporarily shut down after a confirmed case of COVID-19 in an employee of the facility.
Read moreDeere Suspends Operations in Brazil
Deere & Co. is halting production in agricultural behemoth Brazil as the coronavirus outbreak erodes sales for the world’s biggest
Read moreCEO for CNH Industrial Resigns
The Board of CNH Industrial N.V. reached a unanimous decision and accepted the resignation of Hubertus Mühlhäuser as chief executive
Read moreAlamo Group Inc. Temporarily Closes Its French Operating Facilities
SEGUIN, Texas, March 18, 2020 /PRNewswire/ — Alamo Group Inc. (NYSE: ALG) today announced that it will temporarily close its French operating
Read moreYRC CEO Sees Light at End Tunnel for LTL Long-Haul
YRC Worldwide will benefit from closures and reduced capacity in the $340 billion full truckload (TL) market, according to analysts and YRC’s chief.
Read moreAGCO’s Sales Dip in Final Quarter
Net sales at AGCO dipped by about 3 percent in the fourth quarter of 2019. Net sales for the full year of 2019 decreased by 3.3 percent.
Read moreDeere Downsizes at Construction, Forestry Plant
John Deere Dubuque Works announced Friday that it will lay off 105 employees.
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Kubota Reports Rise in Revenue
Kubota’s revenues increased by 7.1 percent for the first 9 months of 2019 compared to the same period last year. The greatest gains came from domestic sales for the Japan-based company.
Read moreRaven Releases Q3 Earnings
Net sales for Raven Industries were down by 4.1 percent. Operating income decreased by 16.7 percent, primarily driven by increased spending on research and development and selling activities.
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Vermeer Announces Acquisition of Schuler Manufacturing
Vermeer Corporation today announced it has purchased Schuler Manufacturing, a family-owned and operated manufacturer of high-quality feeding solutions based in Griswold, Iowa.
Read moreNet Sales Rise, Forecast Falls for Deere
Deere’s net sales in agriculture and turf increased for the fourth quarter and the year while operating profit fell. The company attributed the dip in operating profit to, among other things, higher production costs and an increase in research-and-development spending.
Read moreFarm Equipment Index Moves Toward Growth
The October farm equipment-sales index improved to 39.7 from September’s 35.9. This reading is the highest it has been since June, although at the below-50 mark, it does not yet represent growth in the market.
Read moreDeere Turns to U.S. After Growth Overseas Stalls
John May, Deere’s incoming chief executive, will narrow the company’s focus to enhancing technology and growing the U.S. market. This is a pivot from CEO Sam Allen’s emphasis on selling more equipment in developing markets overseas.
Read moreMahindra Group Strengthens U.S. Presence with New Washington, D.C., Office
The Mahindra Group, a US$ 20.7 billion global federation of companies, has announced the opening of its new Washington, D.C.,
Read moreAGCO’s Q2 – Gain in N. America
Net sales are down for the quarter and the first half of the year, but AGCO’s CEO says the company has raised its earnings outlook to reflect confidence in its margin performance.
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Domestic Demand on Steel Weakens
United States Steel Corp. said it will cut production by idling two blast furnaces in response to falling demand for
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Association Joins National Effort to Build Workforce for Farm Equipment
With support from this Association, partial scholarships have been awarded to 36 teachers who are seeking certification to help prepare
Read moreFor Lower Paid Workers, Fates Are Influenced by Robots
It’s time to stop worrying that robots will take our jobs—and start worrying that they will decide who gets jobs.
Read moreKubota Releases Yearly Earnings Report
For the year ended Dec. 31, consolidated revenue for Kubota Corp. increased by 5.7 percent compared to the previous year.
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Changes in Freight May Upend How America Moves Its Stuff
A chronic logjam in a freight yard in Central Illinois has led Norfolk Southern Corp. to rethink how it moves
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Steel Ingredient Iron Ore Hits Nearly Five-Year High
The price of iron ore, the main ingredient in steel, surged to its highest level in almost five years on
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Majority of Students Underestimate Trade School
A survey of 3,000 young Americans between the ages of 18 and 24 shows that, despite messages from trades industries
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