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Daily industrial news and top headlines for plant and maintenance managers

Top 10 Worldwide Manufacturing Predictions 2014: No. 1 & 2

December 17, 2013 10:36 am | by Tia Nowack, Associate Editor, IMPO & Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

IDC Manufacturing Insights hosted a web conference “IDC Manufacturing Insights Predictions 2014: Worldwide Manufacturing” highlighting the Top 10 predictions for the year ahead.  Today's predictions focus on information technology and trends.             

Factory Output Rises Solid 0.6 Pct. In November

December 16, 2013 1:37 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. factories increased output in November for the fourth straight month, led by a surge in auto production. The gains show manufacturing is strengthening and could help boost economic growth.The Federal Reserve says factory production rose 0.6 percent in November after a 0.5 percent gain in October.

U.S. Worker Output Rises At Best Pace In 4 Years

December 16, 2013 9:39 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. workers boosted their productivity from July through September at the fastest pace since the end of 2009, adding to signs of stronger economic growth.The Labor Department said Monday that productivity increased at a 3 percent annual rate in the third quarter.

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U.S. Wholesale Costs Fall For 3rd Month

December 13, 2013 1:34 pm | by Josh Boak, AP Economics Writer | News | Comments

The producer price index, which measures prices before they reach the consumer, declined 0.1 percent last month, the Labor Department said Friday. This comes after similar decreases in October and September.             

Unemployment Aid Applications Surge To 368,000

December 12, 2013 1:01 pm | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year.  The surge in first-time applications could be a troubling sign if it lasts. But it likely reflects the difficulty adjusting for delays after the Thanksgiving holiday.

Forecast: Moderate Growth From A Deep Recession

December 11, 2013 1:43 pm | by The Manufacturers Alliance for Productivity and Innovation | News | Comments

Manufacturing production is expected to fare better than the overall economy, with anticipated growth of 3.1 percent in 2014 and 4.1 percent in 2015. The 2014 forecast is a slight decrease from the 3.2 percent predicted in the September forecast; the 2015 projection is unchanged.

Survey: 80 Pct. Don't See Supply Chain As Strategy Enabler

December 11, 2013 1:30 pm | by Hitachi Consulting | News | Comments

Spanning nine European countries, Hitachi Consulting’s survey aimed to identify the extent to which supply chain management activities and priorities are aligned with a strategic transformation agenda. The survey found that over half of the respondents do not regard their business’s supply chain as a fundamental source of business value.

GM To Stop Making Cars In Australia By 2017

December 11, 2013 10:01 am | by Rod McGuirk, Associated Press | News | Comments

General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition.The decision could spell the end of car manufacturing in Australia as the industry will be too small for supporting businesses such as parts makers to remain economic.

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Pay Gains For Young Women; Inequality Still Seen

December 11, 2013 9:28 am | by Hope Yen, Associated Press | News | Comments

About 75 percent of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds, despite a narrowing pay gap and steady employment gains for women at higher levels of business and government.

U.S. Wholesale Stockpiles Grow 1.4 Pct. In October

December 10, 2013 1:18 pm | by The Associated Press | News | Comments

U.S. wholesale businesses boosted their stockpiles in October by the most in two years as their sales rose sharply, encouraging signs for economic growth in the final three months of the year.  Wholesale stockpiles grew 1.4 percent in October, the Commerce Department reported Tuesday.

U.S. Job Openings Reach 5-Year High, A Hopeful Sign

December 10, 2013 1:03 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. employers advertised the most job openings in more than five years in October, and the number of people quitting also reached a five-year high. The figures are an encouraging sign for the unemployed.The Labor Department said Tuesday that job openings rose 1 percent to a seasonally adjusted 3.93 million.

October Manufacturing Technology Orders Up

December 10, 2013 11:05 am | by Association For Manufacturing Technology | News | Comments

October U.S. manufacturing technology orders totaled $435.02 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 10.2% from September but down 3.2% when compared with the total of $449.44 million reported for October 2012. 

China November Auto Sales Up 16 Percent

December 10, 2013 10:14 am | by Joe McDonald, AP Business Writer | News | Comments

China's auto sales rose 16 percent in November as Japanese automakers extended a rebound in the world's biggest vehicle market, an industry group reported Tuesday. The figures were an unexpectedly strong performance for automakers that are looking to China to drive global sales amid weakness in U.S., Japanese and European markets.

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Honda's Fit Remains Japan's Best-Selling Car In Nov.

December 5, 2013 1:24 pm | by The Associated Press | News | Comments

The Fit sold 26,235 units, up 181.5 percent from a year earlier, with its hybrid model with a fuel economy of 36.4 kilometers per liter drawing robust demand, according to the Japan Automobile Dealers Association and the Japan Mini Vehicles Association.  

Nice Earnings For Tractor Maker

December 4, 2013 1:52 pm | by CNN Money | Videos | Comments

Despite sinking commodity prices, Deere's construction business is strong and investors are happy.                                           

U.S. Trade Deficit Drops To $40.6B In October

December 4, 2013 1:16 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit fell in October, helped by America's energy boom that lifted overall exports to an all-time high. The trade gap narrowed to $40.6 billion in October, the Commerce Department said Wednesday. That's 5.4 percent lower than the September gap of $43 billion, which was higher than initially estimated.

In Japan, General Motors Has High Hopes, Low Sales

December 4, 2013 9:49 am | by Yuri Kageyama, AP Business Writer | News | Comments

There has never been much appetite in Japan for left-hand drive gas guzzling U.S. autos, and there are many informal barriers to foreign automakers making it here.  But GM executives see a glimmer of hope in the fact sales of its luxury nameplates have doubled in the past three years.

ISM: A Good Solid Month For Manufacturing

December 4, 2013 9:14 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in November for the sixth consecutive month, and the overall economy grew for the 54th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Holiday Weekend Gives A Boost To Auto Sales

December 3, 2013 1:28 pm | by Tom Krisher, AP Auto Writer | News | Comments

The holiday weekend was good to U.S. automakers, as sales reports indicate the auto industry is on track to beat strong sales numbers from a year ago. Chrysler's U.S. sales rose a surprising 16 percent in November, while General Motors posted a 14 percent gain. Toyota sales rose 10 percent, and Ford notched a 7 percent increase.

Automotive Insights 1: The Poster-Child Of American Manufacturing

December 3, 2013 11:02 am | by Joel Hans, Managing Editor, Manufacturing.net & Tia Nowack, IMPO Associate Editor | Videos | Comments

In this inaugural episode of Automotive Insights, sponsored by Omni-ID, we're talking about the growing complexity within the American automotive landscape, from changes within the Big 3, to the revolution of battery-powered cars like the Tesla Model S, and the fact that an increasing amount of American-made cars are now emerging from the Southeastern states, like Tennessee, Alabama, Georgia and Mississippi.

Auto Sales Boom Spawns A Used Car Market In China

November 27, 2013 9:15 am | by Kelvin Chan, AP Business Writer | News | Comments

As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars.

Ford's Hinrichs Sees Slower Growth In Auto Sales

November 22, 2013 1:47 pm | by Dee-Ann Durbin and Justin Pritchard, Associated Press | News | Comments

Joe Hinrichs was named Ford Motor Co.'s president of the Americas one year ago, after a three-year stint as head of Ford's Asian operations. Here's what Hinrichs told The Associated Press on the sidelines of the Los Angeles Auto Show this week:

Equipment Lease Finance Industry Confidence Improves in November

November 21, 2013 1:17 pm | by Equipment Leasing & Finance Foundation | News | Comments

Overall, confidence in the equipment finance market is 56.9, an increase from the October index of 54.0, demonstrating an overall steady industry outlook despite continuing concerns about the U.S. economy and the negative impact of federal government fiscal policies. 

Dow 16,000: What's Next?

November 21, 2013 9:30 am | by CNNMoney | Videos | Comments

The Dow Jones Industrial Average has hit a record high of 16,000 due to an improving economy and the Federal Reserve. Where does the market go from here?                           

Deere Profit Beats Estimate

November 20, 2013 1:00 pm | by The Associated Press | News | Comments

Deere & Co.'s fourth-quarter net income rose 17 percent after it raised prices for farm and construction equipment as it aims to keep its profits intact even as the farm economy slows.                 

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