Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions. […] Read more
Engine maker Cummins says expects ‘some impact’ in Russia
Deere says will abide by sanctions
Equipment maker Buhler distances self from Ukraine invasion
A Winnipeg farm equipment manufacturer is distancing itself from Russia’s invasion of Ukraine. Buhler Industries, which manufactures the Versatile tractor line and Farm King equipment, is majority-owned by the Russian firm Combine Factory Rostselmash. That firm purchased an 80 per cent stake in Buhler in 2007 and boosted that to 97 per cent ownership in […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more
Gasoline, diesel prices set to continue rising
MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more
Alberta border blockade expected to disperse Tuesday
Decision comes amid arrests, reported violence at blockade
Amid reports of violence involving a farm tractor and trucks — and seizures of weapons — the protest blockade that shut Alberta’s busiest U.S. trade corridor is reported to be winding down starting Tuesday. Several media outlets on Monday quoted organizers of the blockade at the Canada-U.S. border crossing at Coutts, Alta. as saying they […] Read more
Windsor-Detroit trade corridor reopens after police clear protesters
Prairie premiers oppose use of Emergencies Act
Windsor/Washington/Ottawa | Reuters — North America’s busiest trade link reopened for traffic late Sunday evening, ending a six-day blockade, the Canada Border Services Agency said, after Canadian police cleared the protesters fighting to end COVID-19 restrictions. Canadian police made several arrests on Sunday and cleared protesters and vehicles that occupied the Ambassador Bridge in Windsor, […] Read more
Farm and agrifood groups press for clear border crossings
Injunction granted to clear Ambassador Bridge blockade
Groups representing Canada’s farm and agrifood sectors want to see an “immediate” end to multiple border blockades thrown up in recent weeks by protestors in three provinces — while the auto sector has secured a court order that one blockade be taken down. The Canadian Federation of Agriculture, Canadian Agri-Food Trade Alliance, Canadian Cattlemen’s Association, […] Read more
U.S. urges Canada to use federal powers to ease border protest disruption
Disruptions force automakers to reduce operations
Windsor/Washington | Reuters — Canada should use federal powers to ease the growing economic disruption caused by the blockage of a vital U.S.-Canada trade route by protesters opposed to coronavirus mandates, U.S. President Joe Biden’s administration said on Thursday. The closure of the Ambassador Bridge, North America’s busiest international land border crossing and a vital […] Read more
Pandemic border protests strand cattle and car parts
Ottawa | Reuters — Protests in Canada against vaccine mandates have disrupted two key U.S. border crossings, and are snarling hundreds of millions of dollars daily of trade, ranging from cattle to car parts. Demonstrations who at first demanded an end to federal COVID-19 vaccine mandates for cross-border truck drivers began Jan. 28 in the […] Read more
Pandemic protestors block Windsor border crossing
Commercial traffic being diverted to Sarnia
Ottawa | Reuters — The busiest land crossing between the U.S. and Canada was jammed on Tuesday after Canadian protestors blocked lanes on Monday over their government’s pandemic control measures. While traffic in both directions was initially blocked, U.S.-bound lanes have since reopened, Windsor Police tweeted. Drivers demanding an end to federal COVID-19 vaccine mandates […] Read more
