Construction Machinery and Heavy Transportation Equipment(IN00332.US)

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Construction Machinery and Heavy Transportation Equipment
IN00332.US
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Oshkosh Defense Receives $53 Million U.S. Army Order for Common Bridge Transporters

Oshkosh Defense LLC has secured a $53 million order from the U.S. Army for Common Bridge Transporters (CBTs) under the Family of Heavy Tactical Vehicle V program. The CBTs will aid in transporting and launching bridge bays and boats, enhancing Army mobility in complex operational environments.

Reuters·
US
OSK
+2.83%
Reuters·
US
OSK
+2.83%

Conning Inc. Lowers Stock Holdings in Cummins Inc. $CMI

Conning Inc. reduced its stake in Cummins Inc. (NYSE:CMI) by 20.6% in Q3, now holding 84,243 shares after selling 21,827 shares. Cummins represents about 1.2% of Conning's portfolio, valued at approximately $35.58 million. Other institutional investors have also adjusted their positions in Cummins. The stock opened at $565.32, with a market cap of $78.04 billion and a P/E ratio of 29.34. Cummins reported Q3 earnings of $5.59 per share, exceeding estimates, with revenue of $8.32 billion. Analysts have mixed ratings on the stock, with a consensus target price of $513.07.

Market Beat·
US
CMI
+2.30%
Market Beat·
US
CMI
+2.30%

Trump names new board to mediate New York rail labor dispute

President Trump has appointed a second emergency board to mediate a labor dispute at the Long Island Rail Road, which serves around 300,000 passengers daily. This decision follows a request from five unions for intervention to prevent a strike amid a three-year contract dispute. Trump had previously appointed a board in September to address potential labor issues before a major golf tournament.

Reuters·
US
RAIL
+0.44%
Reuters·
US
RAIL
+0.44%

Wabtec Opens Locomotive Maintenance Shed in West Bengal

Wabtec Corporation has launched a new locomotive maintenance shed in Siliguri, West Bengal, enhancing its service capabilities in India. This facility will maintain 250 Indian Railways’ Evolution Series locomotives, offering services like regular maintenance and remote diagnostics. The project is a collaboration with Indian Railways, which provides infrastructure and manpower, while Wabtec oversees technical aspects. The new shed aims to improve the reliability of locomotives in Northeast India and complements Wabtec’s existing operations in the country.

Reuters·
US
WAB
+1.47%
Reuters·
US
WAB
+1.47%

Caterpillar Names Rod Shurman Group President of Construction Industries

Caterpillar Inc. has appointed Rod Shurman as group president of Construction Industries, effective February 1, 2026. He will succeed Tony Fassino, who is set to retire on May 31, 2026, after a transition period. Shurman has been with the company since 1997 and currently serves as senior vice president of the Building Construction Products division.

Reuters·
US
CAT
+1.62%
Reuters·
US
CAT
+1.62%
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