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Superstorm Sandy Central

Thu, 11/01/2012 - 1:24pm
Manufacturing.net Editorial Staff

Hurricane Sandy has, without a doubt, already caused an enormous toll on human life and businesses alike. As with all major events, it is important to track the road to recovery. This is where, for the time being, Manufacturing.net will compile news about Hurricane Sandy, its aftermath, and how that will affect American manufacturing. This will be consistently updated as more news arrives, so check back often.


 

Update — Friday, November 2, 2012 at 4:00PM

Airlines are expected to have a rough near future, as thousands of flights have been cancelled due to the storm's violent weather. Aside from flooded airports, countless travelers will be looking for refunds on their tickets: Airline Stocks Fall As Sandy Damages Pile Up


Update — Friday, November 2, 2012 at 10:15AM

The AP, in conjunction with local reporting, has a state-by-state breakdown of the superstorm's effects. The hardest hit? New Jersey, New York, Pennsylvania and Connecticut: A State-By-State Look At Superstorm's Effects

And in the mid-Atlantic, gas is becoming a precious commodity. Recent reports say that drivers are waiting hours to fill up on gas, only to be turned away: Long Lines, Rising Tempers Seen At Gas Stations

 

Update — Thursday, November 1, 2012 at 3:00PM

Forecasting firm Eqecat has doubled its previous estimate for the total costs of Superstorm Sandy to $50 billion. This brings their estimate in-line with Wednesday's estimate from IHS Global Insight, and accounts for property damage, lost business and extra living expenses. Insurance companies will likely pay out between $10 and $20 billion. The firm says that the damage is amplified in part because the damage was more severe than expected from a Category 1 storm: New Estimate For Economic Damage From Storm: $50B

 

Update — Thursday, November 1, 2012 at 2:15PM

Some good news for those on the East Coast without power. The Department of Defense, in coordination with Con Edison and Pacific Gas and Electric Co., is flying 17 aircraft from California to New York with needed equipment: U.S. Military Flying Power Equipment To Storm Area

Retailers also saw some great numbers before Superstorm Sandy made landfall. The question now is whether or not that spending spree will ramp back up as we approach the holiday shopping season: Retailers See Strong Sales Gains For October

The Delaware Department of Agriculture said these was no major damage to the poultry companies on Delmarva peninsula: Delmarva Poultry Industry Escapes Major Damage


Update — Thursday, November 1, 2012 at 12:15PM

It appears that among the news about Sandy's destructive path over the last week, automakers were still able to pull off sales increases for the month. Highlights include a 16 percent increase for Toyota, and a 10 percent increase for Chrysler: Automakers Report Sales Increases Despite Storm

 

Update — Wednesday, October 31, 2012 at 9:00AM

IHS Global Insight, a forecasting firm, is predicting that Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business. The good news is that in the end, the small dip in business activity and economic growth will be smoothed over very quickly as the recovery continues: Storm's Cost May Hit $50B

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