Reading Time: 6 minutes An unusual thing happened in the automotive industry during the last couple of years. Or, rather, two things happened. Overall, sales of cars and light trucks fell pretty significantly. Yet corporate profits went up anyway. In fact, they soared. How? Well, to find out, just walk through any dealership lot and look at what all […] Read more
More features = more of your money
How you pay for your next new machine and get to use all the advanced features built into it is set to change dramatically
CN’s mechanics, intermodal staff ratify labour deal
Agreement averted strike in March
Reading Time: 2 minutes Mechanics, intermodal and clerical workers at Canadian National Railway (CN) who were on the brink of striking in March have voted to ratify the agreements that kept them off the picket line. Unifor, which represents about 3,000 CN employees, said Friday its members voted to ratify four new two-year collective bargaining agreements taking them through […] Read more
Go bigger on interswitching pilot, grain groups urge Ottawa
Railways say the measure creates inefficiencies; farm groups say the opposite is true
Reading Time: 2 minutes Farm groups from across the country are asking producers to lobby federal ministers and MPs and urge them to super-size a government proposal for what’s called ‘extended interswitching.’ The measure, part of this spring’s federal budget, essentially gives grain shippers a choice in which railway they deal with (as long as the competitor’s line is […] Read more
‘Unexpectedly high’ fuel costs lift railways’ revenue index
VRCPIs for CN, CP increased for 2023-24
Reading Time: 2 minutes The index that determines how much Prairie grain handling revenue Canada’s big two railways get to keep will be raised in the coming crop year, mainly on way-higher-than-expected fuel costs. The Canadian Transportation Agency (CTA) on Thursday announced the volume-related composite price index (VRCPI) for Canadian National Railway (CN) for 2023-24 will be 1.8295, up […] Read more
Colorado’s ag equipment right-to-repair bill signed into law
Bills introduced in 16 states
Reading Time: 2 minutes Reuters — Colorado’s governor signed the nation’s first right-to-repair legislation into law on Tuesday, giving the state’s farmers and ranchers the autonomy to fix their own equipment. The bill, which requires manufacturers such as Deere and Co. to provide manuals for diagnostic software and other aids, garnered bipartisan support as farmers grew increasingly frustrated with […] Read more
CNH sheds Russian business
New Holland, Case IH maker had suspended shipments last year
Reading Time: 2 minutes The maker of Case IH and New Holland tractors and combines is selling its business activities in Russia for about US$60 million. CNH Industrial, which employs about 200 people in Russia, announced the divestment in a release Wednesday without naming the buyer. CNH in March last year suspended all shipments and supplies to Russia and […] Read more
Toromont to sell Manitoba Agco, Claas dealer chain
Dutch firm to buy AgWest
Reading Time: 2 minutes Canada’s Caterpillar equipment distributor for Manitoba and points east is set to sell a major Manitoba dealer of Agco’s farm equipment brands as well as the province’s exclusive dealer for Claas combines. Toromont Industries announced Monday it will sell its AgWest Ltd. arm to Dutch equipment distributor Mechan International, effective May 1. Neither company would […] Read more
Colorado passes first U.S. right-to-repair legislation for farmers
Manufacturers fear safety, emissions systems could be overridden
Reading Time: 2 minutes Reuters — Colorado farmers will be able to legally fix their own equipment next year, with manufacturers such as Deere and Co. obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. The Consumer Right to Repair […] Read more
CNH shows off its new farm tech
Technology day event gives a glimpse of what’s to come from its brands
Reading Time: 6 minutes We are in a difficult world,” said Scott Wine, CEO of CNH Industrial, as he took the stage to welcome a group of journalists to the company’s Technology Day near Phoenix, Arizona, last fall. “It’s brutal out there.” He was referring to a number of pressures manufacturers are feeling from global concerns affecting all brands […] Read more
GM buyouts cut 5,000 jobs, CFO says
Not much more room seen to raise prices
Reading Time: 2 minutes Reuters — About 5,000 General Motors salaried workers took buyouts to leave the company, putting the company well on the way to hitting a US$2 billion cost-cutting target, the automaker’s chief financial officer said Tuesday. GM shares were trading down nearly two per cent at midday, even though CFO Paul Jacobson said demand for GM’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
