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Business Roundup: Ritchie Bros. cleared for IronPlanet purchase; OSHA injury reporting rule suspended; Finning Q1 earnings; Takeuchi adds Kirby-Smith; Digga partners with Berlon

The Department of Labor has suspended an Occupational Safety and Health Administration (OSHA) rule requiring companies to electronically report injury and illness records, which keeps the records from being publicly disclosed, The Washington Post reports.

The rule, which took effect Jan. 1, requires employers to send in their summary data electronically by July 1, but OSHA never launched the website where companies were to submit the information, and it posted language on May 17 saying it “is not accepting electronic submissions of injury and illness logs at this time, and intends to propose extending the July 1, 2017 date by which certain employers are required to submit the information.”

OSHA spokeswoman Mandy Kraft told reporters that the agency delayed the rule to address employers’ “concerns about meeting their reporting obligations” in time.

Read the full story here.

 

Finning International, the Vancouver-based parent company of Finning Cat, the world’s largest Caterpillar dealer, reports a 6 percent decrease in revenue for the first quarter of 2017, but a 37 percent increase in earnings before interest, tax, depreciation and amortization (EBITDA) compared to the same period in 2016.

Net income fared even better, with a 218 percent increase to $47 million (Canadian) and earnings per share of $0.28, compared to $0.09 in 2016.