Insights and Stories on Machinery

Jul. 30, 2021 at 3:02 pm CDT

Milan | Reuters – Italian-American vehicle maker CNH Industrial on Friday raised its revenue and free cash flow forecasts for this year, confident an industry cyclical upturn would help it offset a severe impact from supply chain constraints. “It’s the worst supply chain situation I’ve seen in my career,” Chief […]

By Giulio Piovaccari

Mar. 24, 2020 at 8:33 pm CDT

Whether Canadian farmers can continue to pick up machinery parts and other products for their operations in the United States is at the discretion of U.S. Customs and Border Protection officers. At 11:59 p.m. ET Friday, Canada and the U.S. temporarily restricted non-essential travel between the two nations to try […]

By Allan Dawson

Feb. 5, 2020 at 9:41 am CST

MarketsFarm — Fixed costs on farms continue to rise year-over-year, a statistic largely attributed to increasing land values and interest rates. At the beginning of 2019, Farm Credit Canada (FCC) reported farmland values across Canada increased by an average of 6.6 per cent during the previous year. But that’s not […]

By Marlo Glass – MarketsFarm

Jan. 8, 2020 at 4:18 pm CST

Chicago | Reuters — Deere and Co. on Wednesday said it will cut costs and ramp up investment in data-driven agriculture technology and its services business to make itself more profitable. In a pitch to investors, CEO John May said the measures are expected to boost operating profit margin to […]

By Rajesh Kumar Singh

Nov. 6, 2019 at 4:20 pm CST

Milan | Reuters – Italian-American machinery maker CNH Industrial trimmed its forecast for full-year revenue for a second time this year after lower sales volumes and exchange rate factors weighed on results in the third quarter. CNH Industrial, which makes most of its profit from farming machinery, Iveco commercial vehicles, construction equipment and […]

By Reuters