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Keyword: manufacturing

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  • Ford's Trade-In: Truck to Use Aluminum in Place of Steel

    07/27/2012 2:33:00 PM PDT · by Responsibility2nd · 139 replies
    WSJ ^ | 07/26/2012 | MIKE RAMSEY
    <p>ALLEN PARK, Mich.—In this suburb just west of Detroit, Ford Motor Co. is working on one of the biggest gambles in its 108-year history: a pickup truck with a largely aluminum body.</p> <p>The radical redesign will help meet tougher federal fuel-economy targets now starting to have wide-ranging effects on Detroit's auto makers. But Ford will have to overcome a host of manufacturing obstacles, plus convince die-hard pickup buyers that aluminum is as tough as steel.</p>
  • Old Shelby Township Ford plant blamed for cancer-causing chemicals in nearby water

    07/23/2012 5:28:31 PM PDT · by equaviator · 18 replies
    ClickonDetroit ^ | Jul 23 2012 | Lauren Podell
    SHELBY TOWNSHIP, MI- Environmental consultant says Ford plant emits harmful chemicals which could cause cancer An old Shelby Township Ford Motor Co. plant is being blamed for leaking cancer-causing chemicals into the area's groundwater. The plant at 23 Mile and Mound roads is in the process of being demolished. However, the latest findings may hinder the demolition. In a motion hearing on Monday in Macomb County Circuit Court, an environmental consultant hired to test the plant site said two harmful chemicals have been found and people living in the area need to know about it. The two chemicals are TCE,...
  • Jobs coming home (Why China will be losing manufacturing jobs to America)

    07/19/2012 7:43:34 PM PDT · by SeekAndFind · 17 replies
    New York Post ^ | 07/18/2012 | Arthur Herman
    News of our Olympic team’s uniforms being made in China has prompted Sen. Chuck Schumer and others to fulminate anew about exporting jobs. But the future’s going to look very different: It’s China that’s going to be worrying about losing jobs to us in the next few years. US manufacturing is coming back home, from China and elsewhere. The trend started five years ago; since early 2010, it’s created more than half a million jobs in America. By 2015, the Boston Consulting Group estimates, US industrial firms will add 800,000 more jobs — jobs that aren’t going to China, but...
  • Sixty-five U.S. companies drop out of Fortune 500

    07/14/2012 1:59:15 AM PDT · by Olog-hai · 5 replies
    Daily Mail (UK) ^ | PUBLISHED: 19:11 EST, 10 July 2012 | UPDATED: 19:46 EST, 10 July 2012 | Daily Mail Reporter
    China now boasts 73 of the biggest global companies – stealing the number two spot on the Fortune 500 list from Japan. China has landed 73 companies on the list, Japan has 68 and the U.S. has 132. Although the U.S. has a clear margin, China added 12 companies to the list since last year while the amount of U.S. companies has dropped by 14. In the last decade, the amount of U.S. companies on the list has fallen from 197 to 132. Conversely, China only had 11 companies on the list in 2002 compared to today’s 73. …
  • Chinese manufacturing output surpassed US manufacturing output in 2010

    07/13/2012 1:58:32 PM PDT · by moonshot925 · 100 replies
    United Nations ^ | 13 July 2012
    I made this graph based on data from the United Nations. 2010 was the first year that Chinese manufacturing output surpassed US manufacturing output. There is no data available for 2011 or 2012 yet.
  • ADP Says Better Than Expected 176K Private Jobs Added, Of Which Only 4,000 Manufactuing Jobs

    07/05/2012 6:35:25 AM PDT · by Qbert · 15 replies
    Zero Hedge ^ | 07/05/2012 | Tyler Durden
    The ADP Private jobs report is out, and in June America allegedly created 176K private jobs, better than expectations of 100K, and up from last month's 136K revised print. What hasn't changed is the continued lack of correlation between the ADP and the NFP report, nor the ongoing deterioration in claims. More importantly, Obama's promise of doubling US exports in 5 years from 2 years ago may be in jeopardy, since of the 176,000K extra jobs created, a whopping 4K was in manufacturing, the rest, or 160,000K, was service jobs. [Snip] And from the report: Employment in the U.S. nonfarm...
  • US manufacturing shrinks for first time in 2 years

    07/02/2012 7:13:53 AM PDT · by John W · 40 replies
    AP via Bismarck Tribune Online ^ | July 2, 2012 | Christopher Rugaber
    WASHINGTON (AP) -- U.S. manufacturing shrank in June for the first time in nearly two years, a troubling sign that the economy is faltering. The Institute for Supply Management, a trade group of purchasing managers, says its index of manufacturing activity fell to 49.7. That's down from 53.5 in May and the lowest reading since July 2009. Readings below 50 indicate contraction. Stocks fell immediately after the report was released.
  • Manufacturing PMI Falls Below 50 and Administration is RAISING Taxes (Ignoring the Laffer Curve)

    07/02/2012 11:23:14 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 07/02/2012 | Anthony B. Sanders
    The Institute for Supply Management’s (ISM) factory index (PMI) fell to 49.7 in June from 53.5 a month earlier. This is the the lowest point since July 2009. The ISM manufacturing index is a measure of the health of the U.S. economy and reads above 50 are desirable. Historically, the economy begins to choke when PMI falls below 50. The Eurozone reported declining PMI this morning and here is a comparison of US PMI and Eurozone PMI. Notice a similar pattern (but with Eurozone degrading faster)? The reaction of the US and French governments to this declining economic conditions? RAISE...
  • Stocks Add to Losses After Weak ISM Report

    07/02/2012 7:26:00 AM PDT · by Qbert · 3 replies
    CNBC ^ | 2 Jul 2012 | JeeYeon Park
    <p>Stocks quickly turned lower after a mixed open Monday following news that the ISM manufacturing index dropped to its lowest level in almost two years and amid worries over weakness in China limited gains.</p> <p>The S&P 500 and the Nasdaq also lost footing. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded above 17.</p>
  • Here's One Private Business Which is Thriving in the Obama Administration

    06/21/2012 9:21:47 AM PDT · by Vigilanteman · 11 replies
    Loeb Equipment ^ | 21 June 2012 | Loeb Equipment & Appraisal Company
    Loeb is Chicago based but no crony capitalism connections. We have recently bought factory equipment to upgrade our own operations for pennies on the dollar. Still, new offers for liquidations keep coming in. Loeb Equiment and Appraisal Company is just one factory liquidator in the country, but they have some awfully good stuff to offer. Some of it very up to date.
  • What does it take to produce a can of peaches? Do they even have a clue?

    06/08/2012 11:14:45 AM PDT · by Oldpuppymax · 16 replies
    Coach is Right ^ | 6/8/2012 | Jerry Todd
    What does it take to produce a can of peaches? Most of us don’t know the answer to this question, but there really isn’t any problem in this. The problem for all of us is that the government bureaucrats that tell us where when and how to sell things like a can of peaches don’t know the first thing about what goes in to one. Has anyone ever plotted how many jobs are in a can of peaches? The problem with bureaucracy and currency manipulators is they never understand the infinite range of human skills, talents, equipment, experience, energy and...
  • Caterpillar, Westport Team For Natural Gas Engines

    06/05/2012 9:27:54 AM PDT · by shove_it · 10 replies
    Investors.com ^ | 5 Jun 2012 | REINHARDT KRAUSE
    Earth-moving equipment maker Caterpillar (CAT) said it plans to develop natural gas engines for mining trucks and off-road machines with Westport Innovations (WPRT). Commercial production is expected to begin in about five years, the companies said. Westport Innovations shares were up 18.2% in early trading Tuesday to 26.32. Caterpillar shares were up 0.9% to 84, but are still down 7% for the year. Caterpillar will fund the project. Progress Rail Services, a subsidiary of Caterpillar, plans to build natural-gas powered locomotives. Westport says it will sell engine components. ~snip~
  • Union Workers Strike At Illinois Caterpillar Plant (Joliet, Il)

    05/07/2012 12:24:07 PM PDT · by robowombat · 103 replies
    AP ^ | Tue, 05/01/2012 - 9:46am
    <p>JOLIET, Ill. (AP) — About 800 union workers who rejected Caterpillar Inc.'s latest contract offer walked off the job Tuesday at a plant in Joliet.</p> <p>Workers with picket signs lined up outside the plant early Tuesday, just hours after their contract expired. The employees, part of the International Association of Machinists and Aerospace Workers, are asking for better wages and health care. They voted Sunday to reject the Peoria-based company's latest contract offer.</p>
  • Factory Orders Post Biggest Decline in Three Years

    05/02/2012 12:58:06 PM PDT · by Free ThinkerNY · 14 replies
    Reuters ^ | May 2, 2012
    New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday. The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February. Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February. While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started. The Institute for Supply...
  • How The World Economy Changed In One Month

    05/02/2012 6:27:28 AM PDT · by blam · 8 replies
    TBI ^ | 5-2-2012 | Eric Splatt
    How The World Economy Changed In One Month Eric Platt May 2, 2012Global manufacturing was deeply depressed in Europe while North America showed continued strength this April, new data out of Markit Economics shows. The firm released PMI readings for more than a dozen countries over the past twelve hours, with large declines across the euro area, as powerhouses like Germany succumbed to regional weakness. Notable readings: U.S.: 54.8 in April, up from 53.4 Canada: 53.3 in April, up from 52.4 U.K.: 50.5 in April, down from a revised reading of 51.9 Eurozone: 45.9 in April, down from 47.7 Spain:...
  • DATA SNAP: US March Factory Orders Post Biggest Drop In 3 Years

    05/02/2012 7:21:55 AM PDT · by sunmars · 27 replies
    WASHINGTON (Dow Jones)--U.S. factory orders fell at the sharpest pace in three years in March, a sign that demand is slowing amid an uneven economic recovery. Orders for manufactured goods declined 1.5% to $460.46 billion, the Commerce Department said Wednesday. That matched expectations of economists surveyed by Dow Jones Newswires. Factory orders over the previous month were revised down, as well, to a 1.1% increase from an initial estimate for a 1.3% gain.
  • A New Trend “Sneaking up on People” (US Mfg Revival)

    04/23/2012 2:48:46 PM PDT · by blam · 21 replies
    The Daily Reckoning ^ | 4-23-2012 | Chris Mayer
    A New Trend “Sneaking up on People” By Chris Mayer 04/23/12China has lost its edge.There was lots of skepticism about a piece in my March letter called “The Great Comeback No One Will Believe” about the revival of U.S. manufacturing as China loses its cost advantage. But I continue to find evidence that the piece was spot on. I had a good talk with Scott Huff, a principal at Innovate International, which does product development work and contract manufacturing for several industries. Scott’s story is worth passing on because the arc of his career in the last 10 years tells...
  • China Manufacturing Continues Contraction

    04/22/2012 9:13:30 PM PDT · by Olog-hai · 12 replies
    WSJ ^ | April 22, 2012, 11:52 p.m. ET | William Kazer and Liu Li
    The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to a two-month high of 49.1 in April compared with a final reading of 48.3 in March, HSBC Holdings PLC said Monday. But the "flash" reading for the month was in contractionary territory for the sixth straight month, and that signals economic growth may still need government help. A reading below 50 indicates contraction from the previous month, while anything above that indicates growth. "As April flash PMI ticked higher, this suggests that the earlier easing measures have started to work and hence should ease...
  • New Website Created to Promote US Manufacturing

    04/22/2012 5:04:50 PM PDT · by LAConservatif · 6 replies
    Apparel News ^ | Apparel News
    Apparel News covers great story about an immigrant who is contributing to American productivity by promoting small US clothing companies. “The goal is to find as many American-made brands and support them,” she said. “I would like to be the Amazon.com for everything made in the USA.” To do that, she recently launched an e-commerce site dedicated exclusively to selling domestically crafted garments and accessories that she and her team have selected from scouring various sources in the heart of the downtown Los Angeles Fashion District, the Internet and trade shows. (Interesting read on what inspired founder).
  • The Story of an American Love Affair

    04/09/2012 11:04:54 AM PDT · by LAConservatif · 6 replies
    Human Events ^ | 4-9-12 | Jason Mattera
    While you probably haven’t heard of Noelle Nguyen, her latest project is quickly gaining steam, because it combines her powerful personal testimony with an e-commerce concept to boost American manufacturing at a time when local businesses are struggling to stay afloat amidst global competition… You see, as a child, Noelle and her family fled Saigon after the Viet Cong overran the city. To make matters worse, the boat that served as their escape vessel was raided by pirates. Noelle’s mother had swallowed her wedding ring to ensure that the jewelry wasn’t confiscated, and good thing she did – mom was...