Reading Time: 4 minutes In my last article, Machinery Guide took a look at AGCO’s newest Fendt tractor, the compact 500 Series. It fits into a relatively new tractor market segment that offers higher horsepower in a compact package. This year CNH also threw its hat into that big-power, small-chassis ring with the introduction of two new models in both […] Read more
More compact mid-range tractors
Machinery Guide: CNH introduces two high-horsepower, small-chassis models
Equipment maker Buhler books year-end loss
Reading Time: < 1 minute Weak commodity prices and political unease in Eastern Europe have led to a year-end loss for Canadian farm equipment and Versatile tractor maker Buhler Industries. Winnipeg-based Buhler on Tuesday reported a net loss of $5.3 million on revenues of $245.7 million for its year ending Sept. 30, down from a $12.5 million profit on $325.5 […] Read more
Precision ag firm AgJunction plans post-merger job cuts
Reading Time: < 1 minute Precision agriculture equipment and software firm AgJunction is set to cut down its workforce in the wake of its merger with a U.S. competitor. AgJunction, which in 2013 relocated its head office from Calgary to Kansas and shut its Calgary manufacturing plant, announced Wednesday it will reduce its total workforce by about 20 per cent […] Read more
CN, CP both over revenue limits for 2014-15 grain haul
Reading Time: 2 minutes Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue entitlements for the crop year […] Read more
CFIA to continue PEDv hog trailer policy until May
Reading Time: 2 minutes Emergency federal protocols that have allowed empty hog trucks coming into Manitoba from the U.S. to be cleaned and disinfected on the Manitoba side of the border will now continue until May. In a producer newsletter Thursday, Manitoba Pork chair George Matheson said the Canadian Food Inspection Agency, which had previously planned to end the […] Read more
Man. First Nations seek to buy Churchill port, rail line
Reading Time: 3 minutes Manitoba’s northern First Nations have responded to the “for sale” notice on the port and rail line that allow Prairie farmers and handlers to ship grain exports through Hudson Bay. The Canadian arm of U.S. shortline firm OmniTrax confirmed Friday it has a letter of intent in hand from a group of First Nations in […] Read more
VIDEO: Eight-wheel drive tractor “Big Roy” begins restoration at Versatile
Reading Time: < 1 minute As part of its 50th anniversary celebrations, Winnipeg-based Versatile brought its model 1080 prototype eight-wheel drive tractor, dubbed Big Roy, home for a makeover. Although it’s now officially owned by an agricultural museum, the tractor will play an as-yet unspecified role in Versatile’s celebrations through public appearances arranged by the brand this coming season. Age […] Read more
Ocean freight rate index at historic low, again
Reading Time: < 1 minute CNS Canada –– The Baltic Dry Index, which gauges the price of moving grain and other goods by sea, is down to new historical lows, less than a month after setting the former floor. The BDI, compiled daily by the London-based Baltic Exchange, was quoted at 471 points on Wednesday after falling below 500 points […] Read more
CP revises hostile bid for Norfolk Southern, again
Reading Time: 2 minutes Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more
Norfolk Southern rejects CP’s revised offer
Reading Time: < 1 minute Reuters — U.S. railroad operator Norfolk Southern has formally rejected a revised offer from Canadian Pacific Railway (CP), raising the prospect of a proxy battle. CP shareholder Bill Ackman said last week that CP CEO Hunter Harrison and he have both been sounded out by activists interested in a proxy fight with Norfolk Southern. Ackman […] Read more