DealerNews: Titan Machinery Inc. Announces Results for Q3
Agriculture Segment – Revenue for the third quarter of fiscal 2021 was $220.6 million, compared to $214.1 million in the third
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CNH announces appointment of new CEO
Source: CNH Industrial N.V. – London, November 17, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the appointment of
Read moreNet Sales See Big Bump in AGCO’s Q3
AGCO saw increased sales in high horsepower tractors, hay equipment, and precision planting products.
Read moreHardi, Equipment Technologies to Consolidate
Hardi North America and Equipment Technologies (ET) have agreed that, in coming months, Hardi’s manufacturing operations will be consolidated with ET’s Apache AS and HS brands.
Read moreAGCO Reports Third Quarter Results
AGCO has reported its results for the third quarter ended September 30, 2020. Net sales for the third quarter were approximately
Read moreHardi NA and Equipment Technologies Announce Manufacturing Agreement
Hardi North America and Equipment Technologies (ET) jointly announce a new cooperative agreement that will leverage the strength of both companies. In the
Read moreJudge Upholds Portion of Dealer Protection Law
The bill addresses tractor manufacturer contract issues that would create numerous challenges for dealers. It also enhances existing law in other areas, acccording to the Pioneer EDA.
Read moreNucor Steel Builds in Kentucky
Nucor Corporation broke ground on a new steel plate manufacturing mill in Brandenburg Ky., last week.
Read moreCAT Announces Changes at the Top
Caterpillar has announced changes to its executive office.
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How to Build an Effective Lean Steering Committee
For a lean steering committee to succeed, leaders must pay careful attention to the composition of the team and clearly define the scope of the project. They also must reflect on the work and assure ongoing learning throughout the organization.
Read moreManufacturers Add 66,000 Jobs in September
Roughly two-thirds of the returning manufacturing jobs were in durable goods, especially in the motor vehicles and parts sector and machinery. Each added about 14,000 jobs.
Read moreAgJunction, Kubota Settle Patent Suit
AgJunction reached a settlement in a patent infringement lawsuit against Kubota. The parties agreed to discuss how AgJunction would provide autosteer and autonomous solutions for Kubota products.
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Cleveland-Cliffs to Acquire ArcelorMittal USA
The acquisition means Cleveland-Cliffs will become the largest flat-rolled steel producer in the country, and the largest producer of iron-ore pellets, the company said.
Read moreAssociation of Black Farmers Persists in Deere Boycott
Deere responded to allegations of unfairness with a statement detailing its contributions to equality and an announcement of a new coalition, but that did not diminish the resolve of the NBFA.
Read moreChild Care Needs Cause Problems in Factories
Nearly half of manufacturers said child-care constraints caused by the coronavirus made it difficult to recall furloughed workers or hire new ones in August.
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News from ASABE
The group released news about a new international standard related to towing and towed vehicles, as well as the initiation of a standard on metered seed systems in precision ag.
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Former Deere Exec Joins Ford
The Deere exec who led efforts to deliver artificial intelligence on the farm has joined Ford. He and the new CEO want Ford’s commercial customers to regularly pay for services, creating a revenue stream that flows throughout the vehicle’s life.
Read moreDeere’s Lagemann Elects to Retire
The senior vice president of Ag &Turf will retire Oct. 31. Succeeding him will be Dave Gilmore, a 30-year veteran at Deere.
Read moreBell Equipment Will Stop Exclusively Selling Deere
Bell will cease to distribute Bell-branded equipment built by Deere. It also will transition to a non-exclusive dealer arrangement with Deere.
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ASABE Shares Updates on Standards
See the latest from ASABE on new standards and revisions.
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What Are Your Best Practices in Workforce Development?
The Association is seeking new ways to support members in workforce development. As a first step, we want to hear what’s working where you are.
Read moreQ3 Sales Decline at Deere
Deere plans to spend $435 million this fiscal year on one-time moves, such as employee buyouts, employee reductions, and shuttering a small tractor manufacturing operation in China.
Read moreKubota Ag Sales Down
In the farm and industrial machinery segment, overseas sales, which include North America, declined by 10.5 percent.
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Unemployment Fraud Is On the Rise
The prevalence of reported fraud is staggering. Georgia found more than 130,000 false claims filed in July. Illinois identified more than 120,000 counts of unemployment insurance fraud in August. Consider these tips to avoid trouble.
Read moreDeere Reductions Continue
The decision came immediately after a second round of buyouts for salaried employees concluded. The company cites its smart industrial redesign as driving the changes.
Read moreAGCO’s Net Sales Flat in North America
Increased sales of hay equipment, precision planting equipment and high horsepower tractors were mostly offset by lower sprayer and grain and protein sales.
Read moreCNH 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
Read moreBill 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.
Read moreYRC 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.
Read moreDeere 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
Read moreDeere, 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.
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