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Machinery & Shop

Technology updates on the 2022 GMC Sierra 1500 pickup, due to be released this fall, are expected to include a new version of Super Cruise, a hands-free driving feature for use on “divided and compatible” highways. (Media.gm.ca)
General, Machinery & Shop, Reuters

GM says chip situation improving

All of automaker's pickup truck plants operating

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Reuters — Top U.S. automaker General Motors said on Friday the semiconductor chip shortage that has hit production at automakers worldwide was abating, while reporting its first quarterly sales fall in a year. “As we look to the fourth quarter, a steady flow of vehicles held at plants will continue to be released to dealers,” […] Read more
The Garden City container terminal at Savannah is operated by Ports America on behalf of the Georgia Ports Authority. (Photo courtesy Georgia Ports Authority)
Crops, Machinery & Shop, Reuters

Canada’s CPPIB to buy major U.S. port terminal operator

Canada Pension Plan's play furthers its infrastructure push

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Reuters — Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the U.S., from investment firm Oaktree Capital Management. While no valuation was given in the announcement, the deal values Ports America at over US$4 billion, according to two sources […] Read more
(Viktorcvetkovic/E+/Getty Images)
Crops, Machinery & Shop, Reuters

Minnesota grain handler targeted in ransomware attack

Company instead issuing handwritten tickets for grain deliveries

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Chicago | Reuters — Minnesota agricultural co-operative Crystal Valley said it had been targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents. Crystal Valley, which sells supplies like fertilizer to farmers and buys their crops, […] Read more
(Dave Bedard photo)
General, Machinery & Shop, Reuters

Federated Co-operatives looks to sell oil-producing business, keep refinery

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Winnipeg | Reuters — Federated Co-operatives Limited (FCL) put its oil production business up for sale this week, according to a marketing document obtained by Reuters, but the co-op said it plans to keep its Saskatchewan refinery. FCL spokesperson Cam Zimmer did not comment on the reason for offering to sell the production business but […] Read more
File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)
Crops, Machinery & Shop, Markets

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

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MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November […] Read more
(CPR.ca)
Crops, Machinery & Shop

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

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Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more
The 2022 Chevrolet Silverado ZR2. (Media.chevrolet.com)
General, Machinery & Shop, Reuters

GM’s pickup money machine gets a technology tuneup

Silverado ZR2 to appeal to extreme off-roading segment

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Detroit | Reuters — General Motors will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world. Catching up with rival trucks from Stellantis NV and Ford Motor Co., […] Read more
GM’s CAMI assembly plant at Ingersoll, Ont. (GM.ca)
General, Machinery & Shop, Reuters

GM to cut North American production, citing chip shortage

Both GM, Ford cutting truck production

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Washington | Reuters — General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said Thursday. The largest U.S. automaker will halt production next week at its Fort Wayne plant in Indiana and its Silao plant […] Read more
(JimPattison.com)
Crops, Machinery & Shop, Markets, Reuters

Deere lifts 2021 forecast on solid equipment demand

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Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more

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