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Daily news and top headlines for manufacturing professionals

Report: Trade Deficit With Japan Resulted In Job Losses In Every State

February 4, 2015 3:01 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A new report says every state saw job losses due to a growing U.S. trade deficit with Japan, and warns Congress should not approve a proposed trade agreement without protections against Japanese currency manipulation. "Currency manipulation acts as a subsidy to all Japanese exports, and a tax on U.S. exports to Japan, and all countries...

Obama Plan Would Merge 6 U.S. Trade, Development Agencies

February 4, 2015 2:21 pm | by Ronnie Greene, The Associated Press | News | Comments

A little-noticed proposal in President Barack Obama's $4 trillion budget would eliminate the Overseas Private Investment Corporation, which has been the subject of an Associated Press investigation into its overseas loans, and merge it for efficiency with five other federal business and trade...

Amazon's New Robot Workforce

February 4, 2015 9:53 am | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | Videos | Comments

The Amazon warehouse in Coppell, Texas is far from an average distribution center. This particular warehouse is populated by a fleet of robots, designed to move around the center at speeds faster than any human is capable. According to Amazon, the robots are able to travel up to 60 football field’s worth of customer...

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Alibaba Promises More Action Against Fake Goods

February 2, 2015 3:25 pm | by Joe Mcdonald, AP Business Writer | News | Comments

E-commerce giant Alibaba pledged Friday to do more to fight online sales of counterfeit goods, quickly settling a public dispute with a Chinese regulator after the value of its U.S.-traded shares plunged. Alibaba founder Jack Ma and the director of the Cabinet's State Administration of Industry...

Manufacturing Snapshot Of The Week: Obama's Trip To India

January 28, 2015 2:21 pm | by Bridget Bergin, Associate Editor | News | Comments

President Obama’s landmark trip to India this week was aimed at improving the economic relationship between India and the U.S. Here are some manufacturing-related highlights of Obama’s trip to India: Obama announced a big step toward the nuclear technology pact between the two...

Obama Administration Asks Senate Panel For Trade Negotiation Authority

January 27, 2015 1:59 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

The White House's top trade official said Congress should update laws regulating trade negotiations amid ongoing talks with Pacific Rim nations. In testimony before the Senate Finance Committee, U.S. Trade Representative Michael Froman vowed to work with Congress to secure "bipartisan support" for Trade...

Yahoo Decision Day: What To Do With Alibaba?

January 27, 2015 10:33 am | by Bloomberg News | Videos | Comments

Scott Kurnit, chairman and chief executive officer at Keep, and Bloomberg’s Cory Johnson discuss the options available to Yahoo as it decides what to do with its stake in Alibaba. They speak on “In The Loop" for Bloomberg news...   

Labor Dispute At Ports Could Hamper Railroads

January 26, 2015 5:21 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A months-long contract dispute at ports along the West Coast could spill thousands of miles inland, where two rail companies are raising concerns about shipping complications. Some 20,000 members of the International Longshore and Warehouse Union have stayed on the job since their contract with the Pacific...

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The Next Global Markets For U.S. Businesses

January 26, 2015 3:01 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Videos | Comments

The U.S. economy is surging ahead while areas like China, Europe and Russia struggle economically. In order to keep the momentum going for U.S. businesses, they’ll have to look at new global markets to expand. So where are companies aiming their focus? While there’s been talk about Cuba, now that restrictions...

Obama Announces More "Made In America" Exports To India

January 26, 2015 2:48 pm | by Bridget Bergin, Associate Editor | Videos | Comments

During his trip to India, President Barack Obama announced a series of initiatives designed to generate $4B in trade and investments and create jobs in both the U.S. and India. He announced that over the next two years, the Export Import Bank will commit up to $1B in financing to support "Made in America" exports...

Japan Logs Record Trade Deficit In 2014

January 26, 2015 10:32 am | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan's trade deficit ballooned to a record 12.8 trillion yen ($109 billion) last year as a weakening yen pushed the cost of imports higher despite a moderate recovery in exports. Preliminary data from the Finance Ministry released Monday showed Japan's exports rose 4.8 percent to 73.1 trillion...

New Rules Could Open Cuba To Wide Range Of American Trade

January 16, 2015 1:09 pm | by Andy Szal, Real Time Digial Reporter, Manufacturing.net | News | Comments

The Obama administration's new guidelines regarding relations with Cuba take effect today, potentially opening the Caribbean nation to a wide range of American products. Analysts warn, however, that companies looking to expand into Cuba should proceed with caution after more than five decades...

MAPI Foundation Business Index Slips Slightly

January 15, 2015 2:28 pm | by MAPI Foundation | Articles | Comments

The recent robust manufacturing performance should continue in the near-term despite marginal declines in some indicators, according to the quarterly MAPI Foundation Business Outlook, a survey conducted by the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity...

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Port Officials Accuse Workers Of Stifiling Productivity Amid Labor Dispute

January 13, 2015 1:57 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | Articles | Comments

Officials representing West Coast ports on Monday alleged dockworkers have deliberately ground shipments at several large ports to a near-halt amid an ongoing labor dispute. The Pacific Maritime Association, which represents shipping line and terminal operators at ports along the Pacific Coast, said shipping...

Labor Unions Intensify Opposition To Emerging Free-Trade Pact

January 13, 2015 4:42 am | by Tom Raum, The Associated Press | News | Comments

Just over two decades after lobbying unsuccessfully against the North American Free Trade Agreement, U.S. labor unions are again voicing strong reservations to a proposed major trade-liberalization deal. At issue now is the Trans-Pacific Partnership, a measure expected to call for lowering or...

Shrinking Foreign Oil Bill Sends U.S. Trade Deficit Lower

January 8, 2015 10:31 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country's swiftly shrinking thirst for foreign oil. The deficit — imports minus exports — narrowed to $39 billion during the month, down 7.7 percent from a revised October deficit of $42.2 billion, the Commerce Department reported...

U.S. To Resume First Beef Imports From Ireland Since Mad Cow

January 5, 2015 2:16 pm | by The Associated Press | News | Comments

The United States will permit imports of beef from Ireland, the first European Union country allowed to resume sales since the mad cow disease scare over 15 years ago, officials said Monday. Simon Coveney, Ireland's minister for agriculture, food and the marine, issued a statement announcing that access to the...

ISM: Manufacturing Remains Strong Going Into 2015

January 5, 2015 12:46 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in December as the PMI...

Automakers End 2014 Strongly, Pushing Some Brands To Records

January 5, 2015 9:44 am | by Tom Krisher, Dee-ann Durbin, AP Auto Writers | News | Comments

Holiday sales, cheap gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year with several brands setting sales records. Fiat Chrysler led the way, selling just over 2 million cars and trucks for a 16 percent increase over...

Hyundai, Kia Brace For Weakest Growth In A Decade

January 2, 2015 9:53 am | by Youkyung Lee, AP Business Writer | News | Comments

Hyundai Motor Co. and its affiliate Kia Motors Corp. are forecasting their weakest growth in yearly car sales in more than a decade as competition intensifies and the global economy slows. Hyundai Motor Group, the world's fifth largest automaker, said Friday the two carmakers aim to sell a combined 8.2 million vehicles this...

How Food Package Manufacturers Keep Pace With Today's Market

December 30, 2014 10:17 am | by Meagan Parrish, Editor, Chem.info | News | Comments

By all indicators, manufacturing in the U.S. has been on the upswing and is expected to keep building momentum into the next  year. For chemical manufacturers, employment is rising after years of decline, capital spending is up, and overall, U.S. chemical output...

Airstream Trailers Can't Keep Up With Demand

December 29, 2014 9:49 am | by Mitch Stacy, The Associated Press | News | Comments

Bob Wheeler still gets the question sometimes when people find out he runs the company that builds those shiny aluminum campers: "Airstreams? They still make those?" Not only are the retro-looking "silver bullet" travel-trailers still being built by...

Is There A New Life For Cuba's Classic Cars?

December 24, 2014 9:38 am | by E. Eduardo Castillo, Kristen Wyatt, The Associated Press | News | Comments

Dairo Tio cruises the streets of Havana in a gleaming black 1954 Buick with polished chrome highlights and the diesel motor from an electric plant bolted beneath the hood. When the brakes failed in his beautiful Frankenstein of a taxi cab, Tio couldn't work for 15 days as...

Coming Soon To U.S.: Cuba Libre With Cuban Rum

December 23, 2014 2:37 pm | by Jennifer Kay, The Associated Press | News | Comments

U.S. rum aficionados are abuzz over the possibility of mixing a Cuba Libre with authentic Cuban rum, now that they will be able to bring home liquor distilled in the communist nation. Relaxed limits on what licensed U.S. travelers can bring home mean that Americans will be able to enjoy...

U.S. Consumer Sentiment At Highest Point In 8 Years

December 23, 2014 12:40 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A survey finds U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices. The University of Michigan says its index of consumer sentiment has jumped to 93.6 from 88.8 in November. That's the highest level...

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