Archive for the ‘INDUSTRIAL’ Category

2020: Future of Manufacturing Technology

Technology is an ever-evolving field, constantly mixing in new iterations and innovations to create exciting new opportunities for today’s manufacturers to reimagine their operations. In some instances, new technologies open the door for progressive manufacturers release truly innovative offerings of their own.

Global Manufacturing Contracts for a Sixth Straight Month

Global manufacturing shrank for a sixth straight month in October as new export orders extended their longest downturn since 2002. At the same time, output and orders firmed in a sign factory activity is stabilizing. The JPMorgan Global Manufacturing Index stood at 49.8 after the prior month’s 49.7 — the third consecutive monthly improvement after […]

Manufacturing Is Now Smallest Share of U.S. Economy in 72 Years

Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only.

Tesla Model 3 Moves to 24/7 Production

Yesterday, it was revealed that Tesla intended to stop Model 3 production for up to five days. The reason given was to improve automation. However, a letter sent by Elon Musk to employees reveals the real reason for the pause in production: Tesla is upgrading the plant for round the clock production from next week.

US Business-Equipment Orders Drop Second Month, Miss Forecast

Orders placed with U.S. factories for business equipment declined for a second straight month and shipments matched the biggest drop since 2016, the latest sign the dimmer global growth outlook and trade tensions with China are weighing on companies.

US Steel Stock Takes Hit, Earnings Estimates Missed

U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell. The Pittsburgh-based company cited weakening markets for flat-rolled steel and tubular products for the energy industry.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen. The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released […]

Ethanol industry struggles under current policies

Federal policy is reducing demand for ethanol which will ultimately hurt farmers, said Jeff Zueger, CEO of Midwest AgEnergy, which owns and operates Dakota Spirit AgEnergy. “It is an industry-wide problem that can affect the local farmer,” Zueger said. “It is becoming more and more of a problem.” Dakota Spirit AgEnergy is an ethanol plant […]

US Industrial Production Unchanged in June

U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output has been weak over the past 12 months, posting […]