Deere 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.
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Deere 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.
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AGCO’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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