Insights and Stories on Machinery

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

Sep. 29, 2021 at 4:16 pm CDT

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 […]

Machines vs. climate change

Sep. 24, 2021 at 9:45 am CDT

By Scott Garvey

Minnesota grain handler targeted in ransomware attack

Sep. 23, 2021 at 4:39 pm CDT

By Karl Plume Tom Polansek

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

Sep. 23, 2021 at 1:28 pm CDT

By Rod Nickel

LEMKEN updates Azurit seed drill

Sep. 22, 2021 at 4:49 pm CDT

By Glacier FarmMedia staff

Baltic Dry Index hits 12-year high

Sep. 17, 2021 at 7:17 pm CDT

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 […]

By Phil Franz-Warkentin

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

Sep. 15, 2021 at 6:38 pm CDT

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 […]

By Dave Bedard

With less grain to ship, will the railways reduce capacity?

Sep. 10, 2021 at 1:07 pm CDT

After moving a record 61.5 million tonnes in the last crop year, the question now is whether faced with the prospect of a smaller crop, the grain transport system will fall victim to railway reductions. Given the railways set new grain movement records five years running, there’s no reason why […]

By Allan Dawson

GM’s pickup money machine gets a technology tuneup

Sep. 9, 2021 at 7:11 pm CDT

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 […]

By Joseph White

Massey Ferguson rolls out new VE line of planters

Sep. 9, 2021 at 1:09 pm CDT

Major ag equipment maker Agco has merged its White brand of planters into a new series to be marketed under the Massey Ferguson banner. The company in late August launched the Massey Ferguson VE Series of planters, which it said will work for “all growers — from conventional tillage to […]

By GFM Staff