CNH’s Case IH and New Holland farm equipment divisions have launched their own Certified Pre-Owned (CPO) programs, allowing farmers in Canada and the U.S. to buy eligible used late-model combines and tractors with warranty coverage. For Case IH, the CPO program announced Friday will provide buyers with warranties and financing on pre-owned late-model Steiger and […] Read more
Case IH, New Holland launch pre-owned certification
ADM cuts biodiesel output as industry hit by weak margins
Winnipeg/New York | Reuters — Archer Daniels Midland , one of the world’s top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago-based agri business has “temporarily” shifted production at its Velva, N.D. oilseeds processing […] Read more
Last-minute tentative deal averts lockout at CN
Canadian National Railway (CN) has pulled its lockout notice after reaching a tentative labour deal with its unionized mechanical and clerical staff. The company, which last week set a lockout deadline of 11 p.m. ET Monday for employees represented by Unifor, announced the agreement late Monday night. “We are very pleased that the company and […] Read more
Industry braces for impact as CN lockout deadline nears
Toronto | Reuters –– A looming lockout at Canada’s biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed Monday. Canadian National Railway (CN) and Unifor, the union representing its 4,800 mechanical, clerical and trucking workers in Canada, resumed talks on Monday, hours […] Read more
Deere cuts profit forecast as farm equipment sales decline
Reuters — Farm equipment maker Deere and Co. posted a 43 per cent fall in first-quarter profit and cut its full-year profit forecast as lower corn prices and weak farm income weighed on demand for agricultural machinery. The company, which gets nearly two-thirds of its revenue from farm and turf machinery, cut its 2015 net […] Read more
CN set to lock out 4,800 mechanical, clerical staff Monday
Canadian National Railway (CN) plans to lock out about 4,800 unionized employees across Canada starting Monday night (Feb. 23) unless their union agrees to arbitration for a new contract. Montreal-based CN’s move follows Thursday’s announcement by Unifor — the union representing CN’s mechanical, intermodal and clerical workers — that it will hold a strike vote […] Read more
U.S. EPA to propose biofuels standards this spring
Grapevine, Tex. | Reuters — The U.S. Environmental Protection Agency plans to put out a proposal that will address Renewable Fuels Standards for 2014, 2015 and 2016 this spring, an agency official at an industry conference in Grapevine, Tex., said Thursday. The agency will address all three years at once and plans to look at […] Read more
Repair, inspection staff at CN prep for strike vote
Locomotive and rail car maintenance, repair and inspection staff at Canadian National Railway (CN) plan to take a strike vote early next week, their union said Thursday. Unifor, the largest union at CN with over 4,800 members, said Thursday it will hold the vote over a period of up to three weeks, and would set […] Read more
Ag equipment maker Buhler cutting production, staff
Winnipeg farm equipment manufacturer Buhler Industries is reducing its workforce and paring back production ahead of an expected drop in farm incomes. The company, whose brands include Versatile tractors and Farm King implements, announced its first-quarter financials Friday for the period ending Dec. 31, booking net profit of $1.5 million on fourth-best quarterly revenue of […] Read more
CP engineers, conductors halt strike
Canadian Pacific Railway (CP) and its unionized conductors, engineers, trainmen and yardmen agreed Monday to binding arbitration in their contract talks, ending a strike the day after it began. The end of the strike, which began Sunday just after midnight, comes under the threat of federal back-to-work legislation, which was due to be tabled Monday […] Read more
