CNH 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.
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Bottlenecks 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.
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Titan 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.
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Deere 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.
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Alamo’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.
Read moreCLAAS Begins Operations at ‘Future Factory’
The company characterizes the investment as a “complete renewal of assembly equipment and digital transformation of the plant” and a “rethink of many complex processes.”
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Need Help Getting Workers? Use This Tax Credit.
Some larger employers have been offering hiring bonuses. But can small businesses afford the same? Thanks to a little-known federal tax program, the answer could be yes.
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Lawmakers Seek to Protect Family Businesses from Tax
“I think we were pleasantly surprised to see the language exempting farms and family-owned businesses, and that’s a good thing,” KCoe’s Brian Kuehl said.
Read moreCNH Rides Industry Wave of Strong Ag Sales
For the March-ending quarter, net sales in agricultural equipment climbed 35.4 percent.
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Tractor/Combine Sales
Data from April confirms the earnings reports from manufacturers and dealers: Farm equipment sales are strong.
Read moreAlamo, New Holland Form Partnership
The companies said that the ability to finance together through CNH Industrial Capital simplifies New Holland customers’ purchase process.
Read moreAGCO Reports Strong First Quarter
Increased sales of tractors, parts, grain and protein equipment, and precision planting products generated most of the increase.
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Rubber: The New Toilet Paper in an Era of Shortages
“I’ve got everybody alerted that I’ll take materials as fast as they can get it to me,” said Gary Busch, director of global procurement at Carlstar Group, which makes tires for agriculture and off-road vehicles.
Read moreDeere Expands in Africa
The company seeks to benefit from a rollout of infrastructure and urbanization across the continent.
Read moreCNH Buys Stake in UK Firm, Launches Dealer Platform
The closed networks of the dealer platform will enable dealers to move items taken on trade, aging assets, and other equipment to others in the network.
Read moreMahindra, Kubota Collaborate
The Japanese farming population is aging and shrinking, which is driving a shift to large-scale operations and driving demand for savings on labor and operations.
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AgJunction Revenue Drops by More Than Half
“I don’t think anyone could have predicted just how disruptive 2020 would be …,” said CEO Dr. M. Brett McMickell.
Read moreAgritechnica Reschedules
The DLG (German Agricultural Society) has postponed Agritechnica.
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Nucor to Build Tube Mill in Midwest
The $164 million project is expected to be complete in two years. It will have the capacity to produce approximately 250,000 tons of hollow structural section tubing, mechanical steel tubing and galvanized solar torque tube.
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