Latest news with #ScottYoung
CTV News
17-07-2025
- Climate
- CTV News
Crews extinguish cabin fire on Coquitlam's Burke Mountain
The aftermath of a cabin fire on Burke Mountain is pictured. (Courtesy: Coquitlam Fire Rescue) Firefighters asked the public to stay away from the trails on Burke Mountain in Coquitlam as they dealt with a cabin on fire Wednesday – which has now been extinguished. Coquitlam Fire Rescue was sent to the area around 3:30 p.m. after reports of heavy, dark smoke visible on the mountain. The fire was in a forested area difficult to access from the ground. B.C. Wildfire Service deployed a helicopter, which was able to see the fire originated from a cabin on the mountain, and began dropping buckets of water on the blaze. Ground crews eventually reached the site and by the evening, the fire was extinguished. Firefighters remained on site overnight and into Thursday to monitor the situation and mop up hot spots in the debris pile. Fire Chief Scott Young asked the public to avoid Edwards Street north of Victoria Drive Thursday to keep access open for emergency crews.
BBC News
11-07-2025
- BBC News
Swindon sex offender jailed after breaching prevention order
A sex offender has been jailed after multiple breaches of a sexual harm prevention order (SHPO).Alistair Eccleston, 26, from Swindon, pleaded guilty to five breaches, which included being in the company of a person under 16 and communicating with a person under 16.A further 10 breaches were also taken into consideration when he was jailed for three years and four months at Swindon Crown Police Sgt Scott Young said: "Eccleston is a clear danger to the public who has consistently breached the SHPO put upon him." Sgt Young said the order was implemented in 2021 to protect the public and Eccleston "repeatedly broke" conditions he was aware of."These are serious offences and I'm pleased the court has seen fit to give him a custodial sentence," he Young thanked witnesses for coming forward and said their efforts had "helped put a prolific offender behind bars".
Yahoo
26-06-2025
- Business
- Yahoo
WBD Rallies on Wimbledon Streaming Plans, Eyes Growth Despite India Setbacks
Warner Bros. Discovery (WBD, Financials) shares rose 2% Thursday after the media giant announced robust streaming and broadcast plans for Wimbledon; the company will deploy Max, TNT Sports, discovery+, and Eurosport to cover the tournament in multiple European markets. Warning! GuruFocus has detected 7 Warning Signs with WBD. Scott Young, EVP of WBD Sports Europe, said 2025's tennis season has featured some of the highest standards in living memory, and promised rich, localized storytelling for Wimbledon fans. The coverage will rely heavily on streaming, aligning with WBD's push to diversify beyond traditional TV. But in India, where Warner has faced a tougher road, the picture is less rosy. The company's split between linear and streaming operations could limit bargaining power with ISPs; analysts say WBD will need edgier content and bold experiments to stay competitive. Wall Street remains moderately bullish. WBD holds a Moderate Buy consensus with 10 Buy and 8 Hold ratings; the average price target of $12.31 implies a 10.5% upside from current levels. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
13-06-2025
- Automotive
- Yahoo
Volvo to expand US construction equipment production
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Volvo Construction Equipment said it will begin producing crawler excavators and large wheel loaders at its Shippensburg, Pennsylvania, facility as part of a larger global investment to meet growing demand for its heavy machinery. The Volvo Group subsidiary plans to invest $261 million to expand crawler excavator production across three sites, including Shippensburg; Changwon, South Korea; and a location in Sweden, according to an announcement this week. The Shippensburg location, which currently manufactures soil and asphalt compactors, as well as midsize wheel loaders, will also add four large wheel loader models to its production, Volvo CE said. The upgrades are expected to be ready in the first half of 2026. Volvo CE is moving forward with its investment after a period of slow sales impacted by market uncertainty. Construction equipment makers Caterpillar and Deere, which have strong footholds in the U.S., have also struggled with lower demand and are investing in ways to support workforce development and upgrades to existing facilities. Volvo CE, which recently brought to market a new line of haulers and excavators, saw first quarter global sales drop 8% to 21.12 billion Swedish kronor ($2.2 billion) compared to last year. Sales volume declines in Europe and North America offset growth in Asia and South America markets. Despite the shortfall, the company reported improved service sales and an overall increase in orders and deliveries. 'As a global company we are understandably affected by these turbulent times, but we have shown resilience in the face of uncertainty,' Melker Jernberg, head of Volvo CE, said in an April 23 statement. 'Our industry's transformation may be slower than we would like, but our commitment remains strong as we continue to invest into building a better world for all.' Part of the reason for Volvo CE's excavator expansion is to mitigate supply chain risks as tariffs pressure companies to reevaluate their operations and network of suppliers. The company said the $261 million investment will help it 'reduce dependency on any single site' and become 'less reliant on long-distance logistics.' Volvo CE also plans to mitigate risks by expanding its domestic supplier bases, which would allow it to 'more nimbly manage any economic and regulatory challenges,' the company said. 'This increase in production capacity means that over 50% of our North American machine supply can be built here in Shippensburg, resulting in shorter lead times while also creating opportunities for supplier growth,' Scott Young, president and head of Volvo CE's North America region, said in a statement. In addition to more factory lines, Volvo CE plans to integrate more automation technologies into its manufacturing process and upskill its workers as part of the investment. A spokesperson did not provide details about the technology upgrades prior to press time. Volvo CE acquired the Shippensburg facility in 2007 from Ingersoll Rand and relocated its regional headquarters there in 2012. Separate from the machinery expansion, the company has pledged to invest $40 million in the central Pennsylvania area over the next five years. Recommended Reading Volvo to receive $208M to accelerate heavy-duty electric truck production
Business Wire
10-06-2025
- Automotive
- Business Wire
Volvo Construction Equipment to Expand Production in North America
SHIPPENSBURG, Pa.--(BUSINESS WIRE)--Volvo Construction Equipment (Volvo CE) is making a significant investment to expand production worldwide. For crawler excavators, three main sites will see approximately $261 million invested to expand crawler excavator production to meet growing customer demands, mitigate supply chain risks and reduce reliance on long-distance logistics. These sites include Shippensburg, Penn., USA; Changwon, South Korea; and a location in Sweden. "This increase in production capacity means that over 50% of our North American machine supply can be built here in Shippensburg." -Scott Young, Head of Region North America, Volvo Construction Equipment Share In Shippensburg, Volvo CE will not only add crawler excavator production but also expand wheel loader production to include large wheel loaders. Currently, soil and asphalt compactors and mid-size wheel loaders are manufactured at the Shippensburg factory. Updates will be made to the existing space within the factory to install assembly lines, integrate more automation technologies into the manufacturing process and train employees, with the goal to be production-ready in the first half of 2026. Investment aims to bolster global machine availability In a rapidly evolving market, strategically enhancing production capacity and flexibility will allow the OEM to meet current and future customer demands more effectively, according to Melker Jernberg, Head of Volvo CE. "We must respond to growing demand, and we're excited to expand our facilities to serve our customers better," said Jernberg. "This investment underscores our commitment to quality and innovation, allowing us to deliver even greater value." By expanding production capabilities in key markets, Volvo CE will reduce dependency on any single site and become less reliant on long-distance logistics. Supply chain risks will also be mitigated by expanding domestic supplier bases, allowing the OEM to more nimbly manage any economic or regulatory challenges. Jernberg says that fostering collaboration with local suppliers and customers will better position the company for sustained growth and innovation without compromising the high standards that Volvo CE equipment is known for. North America to see reduced lead times and improved machine supply 'Bringing excavator production to North America and growing the range of wheel loader models built here has always been part of our long-term industrial plan, so it's exciting to finally share this news with our employees, dealers and customers,' said Scott Young, Head of Region North America. 'This increase in production capacity means that over 50% of our North American machine supply can be built here in Shippensburg, resulting in shorter lead times while also creating opportunities for supplier growth.' Volvo CE acquired the Shippensburg site in 2007 from Ingersoll Rand and relocated its regional headquarters there in 2012. On top of recent investments, Volvo CE will invest approximately $40 million locally over the next five years. Today's announcement is a win for central Pennsylvania, as it shows the company's continued commitment to the local community and its economic vitality. [For additional photos, click here.] Volvo Construction Equipment (Volvo CE) is a leading international manufacturer of premium construction equipment, and with over 10,000 employees, it is one of the largest companies in the industry. Volvo CE offers a wide range of products and services in more than 140 countries through its global distribution network. Volvo CE is part of the Volvo Group. The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 101,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm. Expand
