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Global MFG - Aug 18, 2024

US supply chain faces disruption from possible Canada railroad strike

Canada’s two largest railroads are starting to shut down their shipping networks as a labor dispute with the Teamsters union threatens to cause lockouts or strikes that would

Tom Krisher | News Nation

#economy #rail #supplychain

Waupaca Foundry

Global MFG - May 3, 2024

5 key takeaways from April U.S. sales reports

U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023; Toyota led among the brands.

David Phillips | Automotive News

#automotive #economy #manufacturing

Waupaca Foundry

Global MFG - Oct 5, 2022

Job openings unexpectedly plunge in August to lowest level since June 2021

The Labor Department reported on Tuesday that there were 10.1 million job openings at the end of August, lower than economists expected as the labor market cools off.

Megan Henney | Fox Business

#economy #jobs #manufacturing

Waupaca Foundry

Global MFG - Apr 28, 2022

Gdp: U.S. Economy Contracts, Investment in Structures Down Again, Says ABC

The U.S. economy contracted at a 1.4% annualized rate during the first quarter of 2022. Investment in nonresidential structures declined at an annual rate of 0.9% during the quarter and has contracted nine of the past 10 quarters, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Economic Analysis.

CE Staff | Compact Equipment

#economy #supplychain

Waupaca Foundry

Global MFG - Apr 8, 2022

US weekly jobless claims

The labor market tightened further last week, with initial jobless claims falling to their lowest level in more than 53 years, the Labor Department reported Thursday. Last week's total was the lowest since November 1968.

Jeff Cox | cnbc.com

#economy #jobs

Waupaca Foundry

Sustainability - Mar 2, 2022

Economic Fallout from Russia's War Ripples Across the Globe

In this handout photo released by Ukrainian Emergency Service, a burnt car is seen in front of a damaged City Hall building, in Kharkiv, Ukraine on March 1, 2022. WASHINGTON (AP) — Moscow's war on Ukraine and the ferocious financial backlash it's unleashed are not only inflicting an economic catastrophe on President Vladimir Putin's Russia.

Paul Wiseman and David McHugh | Industrial Equipment News

#economy #oil #supplychain

Waupaca Foundry

- Feb 11, 2022

Scarcity of Chips Feeds Frustration, Inflation

Even coming off its fastest annual growth in 37 years, the U.S. economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and entertains us. The problem has been building since pandemic-related lockdowns shut down major Asian chip factories more than two years ago. Now it threatens to extend into the indefinite future, despite the semiconductor industry's efforts to catch up with demand.

Michael Liedtke and Matt O'Brien | Industrial Equipment News

#economy

Waupaca Foundry

Global MFG - Feb 2, 2022

Nonresidential Construction Spending Declines in December, Says ABC

National nonresidential construction spending fell 0.7% in December 2021, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $820.7 billion for the month.

CE Staff | Compact Equipment

#economy #manufacturing

Waupaca Foundry

Global MFG - Jan 25, 2022

Red-Hot Inflation Grips Pockets Of U.S. Midwest And South With Rates Over 9%

The American heartland has become an inflation hotbed, highlighting how difficult it will be for U.S. policy makers to cool decades-high inflation that is gripping the economy. Small towns in the Midwest and South are among the hardest hit, with consumer prices rising 9% or more -- faster even than the red-hot national average of 7%.

Katia Dmitrieva & Michael Sasso | India News

#economy

Waupaca Foundry

Global MFG - Jan 11, 2022

ELFA Announces Top 10 Equipment Acquisition Trends for 2022

The Top 10 Equipment Acquisition Trends help businesses make their strategic equipment acquisition plans, especially since there are significant opportunities for businesses to benefit from expected economic growth this year.

Compact Equipment

#economy #supplychain

Waupaca Foundry

Global MFG - Jan 4, 2022

U.S. Manufacturing Growth Slowed in December to 11-Month Low

Model year 2021 Ford Ranger trucks on the assembly line at Michigan Assembly, Monday, June 14, 2021, in Wayne, MI. WASHINGTON (AP) — Growth in U.S. manufacturing slowed in December to an 11-month low with companies still combating supply chain problems. The Institute for Supply Management, a trade group of purchasing managers, reported Tuesday that its index of manufacturing activity fell to a reading of 58.7 in December, 2.4 percentage points below the November reading of 61.1.

Martin Crutsinger | Industrial Equipment News

#economy #manufacturing #trade

Waupaca Foundry

Global MFG - Dec 10, 2021

Commercial vehicle supply constraints, inflationary ramifications remain front-and-center

According to ACT Research's Transportation Digest, the front-and-center concerns of the commercial vehicle industry at the moment are supply chain constraints.

David Sickels | Fleet Equipment

#economy #supplychain

Waupaca Foundry

Global MFG - Oct 26, 2021

Ports of Long Beach, Los Angeles to issue surcharge to ocean carriers whose cargo lingers at terminals | Fox Business

Under the new policy, which will take effect on Nov. 1, the ports will charge ocean carriers for each container scheduled to move by rail or truck that dwells at marine terminals too long.

Lucas Manfredi | Fox Business

#economy #supplychain #water

Waupaca Foundry

Global MFG - Oct 21, 2021

Tesla looks to pave the way for Chinese battery makers to come to U.S.

China dominates the production of iron-based batteries thanks to a series of key patents, which have allowed the country to make 95% of the world's lithium iron phosphate batteries.

HYUNJOO JIN | Automotive News

#china #economy

Waupaca Foundry

Global MFG - Oct 14, 2021

China's growing power crunch threatens more global supply chain chaos

A growing power supply crunch in China is triggering blackouts for households and forcing factories to cut production, threatening to slow the country's vast economy and place even more strain on global supply chains.

Companies in the country's industrial heartlands have been told to limit their energy consumption in order to reduce demand for power, state media has reported. And supply has been cut to some homes, reportedly even trapping people in elevators.

An "unexpected and unprecedented" power cut hit three northeastern provinces on Monday, according to the Global Times, a state-run tabloid. The newspaper reported Tuesday that power rationing in Heilongjiang, Jilin and Liaoning provinces has "resulted in major disruptions to the daily lives of people and business operations."

Jill Disis | cnn.com

#china #economy #supplychain

Waupaca Foundry

Global MFG - Sep 23, 2021

A perfect storm for container shipping

A giant ship wedged across the Suez canal, record-breaking shipping rates, armadas of vessels waiting outside ports, covid-induced shutdowns: container shipping has rarely been as dramatic as it has in 2021.

The Economist

#economy #supplychain

Waupaca Foundry

Global MFG - Jul 14, 2021

Surging Prices For Used Cars, Gasoline, Food and Airfares Are Driving the Jump In Inflation

Driven by price increases in used cars, car rentals as well as a rebound in airfares, lodging and food, inflation increased 4.5%, the largest move since September 1991.

Yun Li and Nate Rattner | cnbc.com

#automotive #economy

Waupaca Foundry

Global MFG - Jun 18, 2021

Wisconsin's Workforce Woes Go Much Deeper Than $300 Unemployment Payments

A $300 per week supplemental unemployment payment has become a political lightning rod, but Wisconsin's workforce woes go much deeper than that.

Rob Mentzer | Wisconsin Public Radio

#economy #jobs

Waupaca Foundry

Global MFG - Jun 4, 2021

Where have all the workers gone?

National reports on staffing shortages are not exaggerated as Perry County businesses are feeling the effects of the void left by former employees not returning to work.

Eric Whittaker | Perry County News

#economy #jobs #tellcity

Waupaca Foundry

Global MFG - Mar 22, 2021

3 Smart Moves to Leverage Reshoring Opportunities

Recent events have proven the old adage that the only constant in life is change. And, for manufacturers, that couldn't be more true.

Dave Lechleitner | Industrial Equipment News

#economy #reshoring #supplychain

Waupaca Foundry

Global MFG - Jan 24, 2021

Suppliers Struggle To Keep Up With Manufacturing Snap Back

With the U.S. economy recovering faster than usual, U.S. suppliers are struggling to keep up, a report from Fox Business says. Supply disruptions and higher material costs for items in high demand are causing a build-up of problems, the report says.

PYMNTS | pymnts.com

#economy #supplychain

Waupaca Foundry

Global MFG - Nov 25, 2020

Five Key Factors in Planning for a Post-COVID 'Normal'

Today, more than ever, business transformation is top of mind for most supply chain executives. The pandemic, which injected unprecedented levels of uncertainty into the sector, has forced manufacturing leaders to rethink their approach to just about everything.

Edwin Bosso | Industrial Equipment News

#economy #manufacturing #supplychain

Waupaca Foundry

Global MFG - Sep 2, 2020

Job growth expected to slow sharply over the next decade, Labor Department says

The pace of job gains over the next decade will slow considerably amid a sharp decline in the active labor force and an aging population, according to Labor Department projections released Tuesday.

Jeff Cox | cnbc.com

#economy #jobs

Waupaca Foundry

Global MFG - Jan 23, 2017

JPMorgan Chase economist sees recovery going into extra innings

Jim Glassman, head economist and managing director at JPMorgan Chase, said this one could extend a bit longer.

Matthew Dolan | Detroit Free Press

#economy