With the rising confidence in U.S. manufacturing, another unlikely global player quietly takes the stage. According to Market Watch, “Italy’s composite business confidence index, a broader indicator subsuming retail, market-services and construction sectors, also rose, to 89.5 in March from 88.2 in February. The new level is the highest since September 2011.”
Outside of Detroit and Chicago, economists are citing a second chance for new manufacturing hubs, as well as revivals of long-standing manufacturing micro economies that have slowed in recent years. Recovery persists for the U.S. job market as New York shows signs of life for manufacturing. A 2013 yearend report shows 76,300 manufacturing jobs New…
According to a report by the Associated Press, “Orders to U.S. factories for long-lasting manufactured goods rose in February by the largest amount in three months, helped by solid gains in demand for airplanes and autos.” The total increase came in at 2.2 percent. In addition to the demand for airplanes and autos, February-end reports…
Economists are optimistic for China’s manufacturing industry despite declining production rates, based on a steady rise in market shares. The latest numbers show the Hang Seng Index is up by 1.1 percent at 21,673.21 points, a recent high. The latest financial numbers come on the heels of the industry’s eighth consecutive month of slow production….
When Amazon announced plans for drone package deliveries last November, sceptics said the FAA would not allow the practice. However, the FAA has long postponed issuing new regulations for flying drones weighing less than 55 lbs and flying at altitudes lower than 400 feet. Though the agency will announce the new regulations in November, few…
Deborah Hersman, the public face and chair person of the U.S. National Transportation Safety Board, plans to step down from her position next month to accept a new position as president and chief executive officer of the National Safety Council. This is a safety advocacy group in Itasca, Illinois. The vice chair person of the…
As part of a government program headed by the Department of Defense, Chicago landed a hub for a digital manufacturing institute named the Digital Manufacturing and Design Innovation Institute. The Department of Defense kicked in $70 million for the project, and the state, industries, academic community, and community supporters contributed an additional $250 million. The…
Following a series of accidents and explosions related to rail transport of the U.S.’s growing oil production, railroad executives and the Department of Transportation have agreed on eight new steps the industry plans to implement immediately.
Global transportation and logistics company UPS just announced its acquisition of the pharmaceuticals logistics company Polar Speed in the United Kingdom for an undisclosed sum of money. This acquisition comes during a lengthy process of UPS acquiring interests in the field of temperature controlled health care items, including the recent purchase of CEMELOG pharmaceutical logistics…
On March 17-20 at the Georgia World Congress Center in Atlanta, Georgia, the world’s largest trade show for the manufacturing, supply chain, and distribution festivals opens its doors. Professionals in these industries attend the Modex trade show to learn about the latest trends in these industries, the challenges these industries face in the near future,…