Impact of Deere Strike Appears Minimal in Earnings
The five-week strike that straddled the end of a fiscal year and start of another likely cut Deere’s production by 10 to 15 percent, but earnings remained strong.
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ASABE Updates, Revises Standards
ASABE has adopted a new version of an ISO standard for mechanical connections of towed vehicles. It also has completed revisions to parts of a series on ag field equipment braking.
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Kubota Reports Double-Digit Gains
In the farm and industrial machinery segment, revenue increased by 26.5 percent and accounted for 85.8 percent of Kubota’s consolidated revenue.
Read moreCNH Expects Disruptions to Ease in 2022
The company said supply chain disruptions contributed to a $700 million cash burn in the third quarter.
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UAW Members to Vote on Third Deere Contract Offer
Union members will vote on the contract Wednesday. The latest agreement is Deere’s “last, best and final offer,” a UAW spokesperson said.
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Steel Companies See Hot Market Extending to 2022
The extended boom in the $180 billion U.S. steel industry that began last year following pandemic-related shutdowns of mills is giving steelmakers more time to bring new plants into service and renew customer contracts at higher prices, executives said.
Read moreAGI’s Backlog Triples on Farm Equipment Orders
Farm segment trade sales grew 11 percent. Farm backlog is up 202 percent over prior year as of Sept. 30.
Read moreChip Shortage Forces Plant Closures at CNH
The shutdowns in Europe will not exceed eight days and will conclude by month’s end.
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Kubota to Buy AgJunction
The AgJunction board said the sale “represents the best alternative available for AgJunction to create substantial value for our respective stakeholders …”
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Trouble Begets Trouble: Port Jams Claim Capacity
An analysis shows that the amount of additional capacity required to meet demand is being outstripped by the amount of capacity being held up out of service as it awaits berthing slots.
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Negotiations Continue Between Deere, Union
The terms of the rejected deal included raises of 5 to 6 percent this year, based on job duties; 3 percent raises in 2023 and 2025; and lump-sum bonuses in three other years.
Read moreLeadership Transitions at Case IH
Brad Crews is now president of the North American region for CNH Industrial, which created a domino effect of other promotions.
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LTL and TL Forecast to Go Higher
Although they’re moving less weight in each parcel, the carriers have hiked their rates to cope with other factors such as labor shortages and capacity restraints.
Read moreDeere Workers On Strike
Some 10,000 unionized workers at Deere & Company went on strike early Thursday after overwhelmingly rejecting a contract proposal worked out
Read moreCNH Industrial announces temporary plant shutdowns in Europe
13-OCT-2021 | London CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that it will temporarily close several of
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Supply Chain: Logjams Intensify on East Coast
“We have seen this transition from just-in-time in supply chains to just-in-case, and that is significantly changing our environment,” said Griff Lynch with Georgia Ports Authority.
Read moreKubota Expands Operations in U.S. West
“Elk Grove allows us to remain close to our existing employee base while we expand our operations to better serve our dealer network,” said Western Division Manager Kyle Hagen.
Read moreClaas Names New SVP of Americas
Raby joined Claas of America in 2015 and has been president of sales. He now has assumed leadership of Claas sales companies in Brazil and Argentina as well as importer markets throughout Latin America.
Read moreKubota Seeks to Expand in India
This is part of Kubota’s strategy to double down on the growth potential of the tractor market in India.
Read moreBottlenecks in U.S. Ports Worsen Over Weekend
The amount of time spent in port has grown basically twice as much as the amount of cargo shipped in the world.
Read moreFlorida Court: Work Comp Does Not Cover Medical Pot
An appellate court upheld a decision that requiring an insurer to pay for or facilitate an injured worker’s use of marijuana would expose the insurer to criminal liability.
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Shortages Force Exhibitor Creativity at Farm Shows
High demand, too few workers, and a shortage of microchips are forcing manufacturers to approach farm shows differently.
Read moreNearly 400 Container Ships Wait to Berth
Globally, 376 container ships carrying are piled up near ports, according to figures compiled Thursday. The longest wait at that time was 15 days in queue.
Read moreTitan Raises Forecast
“We currently have customer commitments for the majority of our new machinery orders being shipped in Q3 and Q4 of FY ’22,” the COO said. “And we are also finishing presale customer orders for production slots into the first of FY ’23.”
Read moreASABE Initiates Revision
ASABE has initiated a revision to ANSI/ASAE S390.6 (ISO 12934:2013) to adopt the new iteration of the international standard by the same name.
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Logistics, Supply Chain Data Forecasts Continued Trouble
LTL traffic will see a continued capacity crunch and possible rate increases, the report forecasts.
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With Pfizer Approved, Will Employers Mandate? Opinions Vary.
At Cleveland-Cliffs, an incentive program that gave employees the opportunity to pocket as much as $3,000 had generated a 60 percent vaccination rate as the deadline to participate approached last week.
Read moreDeere Forecasts Big Jump in Large Equipment Sales
In small agriculture and turf, net sales increased by 32 percent, and operating profits climbed 73 percent.
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Deere, UAW Begin Negotiations
The current six-year master agreement covers approximately 10,100 production and maintenance employees at 12 Deere facilities.
Read moreDeere Buys Bear Flag
“We are effectively in market with real customers today (with driverless cabs),” said Dan Leibfried, Deere’s director of automation and autonomy.
Read moreCNH to Move Bulldozer Operations Outside of U.S.
The Burlington plant will continue production of backhoes, tractor loaders and rough terrain forklifts.
Read moreTitan International Sees Best Quarter Since 2013
The company sees momentum in large farm products, and because the big equipment market is “still roughly 25 percent below long-term averages,” it expects that momentum to continue.
Read moreCNHI: Rising Input Costs Will Be Offset by Price Realization
The company’s order book in agriculture more than doubled year over year for tractors, particularly in North America, and more than tripled for combines.
Read moreAlamo’s Raborn to Lead Expanded Division
Alamo CEO Jeff Leonard said Raborn’s “sense of urgency as well as his focus on growth and continuous improvement will translate into success as he assumes responsibility for a significantly larger division with Alamo Group.”
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Composition of NLRB Will Shift Left
The chair of the NLRB said she believed the Trump appointees took too narrow of an approach to labor law, and that the law “should correctly be read far more broadly …”
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Identify Your Weakness Before a Competitor Does
If you were starting as a new competitor in the same industry, how would you put your current company out of business?
Read moreBoost in Unemployment Pay Leads to ‘No’s on Job Offers
Morning Consult surveyed 5,000 U.S. adults from June 22-25 and found that among those actively collecting unemployment benefits, 29 percent said they turned down job offers during the pandemic.
Read moreAGCO, DEUTZ Become Strategic Partners
The partnership includes a supply agreement for engines, cooperation on future technologies, and closer cooperation on engines or engine installation components.
Read moreDid You Get Your Summer Issue?
See thoughts from industry peers on how they are navigating supply chain disruptions and the labor shortage in the latest issue of Ag Innovator magazine.
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Growth in Ag Equipment Sales Hits High Mark
The farm equipment sales index in June logged the greatest growth it has shown since 2012. This marked the seventh consecutive month of growth.
Read moreBrandt Plans to Add 1,000-Plus Jobs
The Brandt Group of Companies plans to hire more than 1,000 new employees this year with the biggest expansions in Hudson, Ill., and two locations in Saskatchewan.
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112 Percent Increase in Open Jobs
Some 1.4 million people were laid off or furloughed from February to April 2020. But as of May, manufacturers were trying to fill 851,000 positions—a record high for the industry and a 112 percent increase since last February.
Read moreSpread of Virus Further Jams Freight in China
Amid a surge in COVID cases, ports issued notices suspending vessels from entering ports without reservations. The ports are only accepting bookings for export-bound containers.
Read moreWhite House Pitches 15 Percent Minimum Corporate Tax
It is a response to situations in which companies have avoided paying federal income taxes despite turning a profit.
Read moreManufacturers Not Part of OSHA’s New COVID Order
Initial communication on the order suggested it would apply to all industries, but White House officials said the science didn’t call for that.
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JBS Paid $11 Million Ransom in Cyberattack
JBS reports that the hackers do not appear to have gotten away with company, customer or employee data. The White House has linked Russia to the episode.
Read moreStellar Industries Buys MD Products and Solutions
Employee-owned Stellar Industries has acquired MD Products and Solutions, which makes ag and utility trailer products.
Read moreDeere Sees Upswing in Sales of Larger Models
The sale of farm and turf equipment climbed 8 percent in the second quarter, Deere said, and the company expects sales for the year to climb by up to 15 percent.
Read moreNew Alamo CEO Joins Company’s Board
Jeffery Leonard succeeded Ron Robinson on Monday and was appointed to the board of directors on the same day.
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Build Your Workforce, Connect with Gen Z
When organizations create an atmosphere where people love to work, it’s a gamechanger.
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