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Daily news and top headlines for manufacturing professionals

ArcelorMittal To Continue Steel Production Cuts

April 8, 2009 6:05 am | News | Comments

World's largest steel maker said Wednesday it would not lift its sharp production cuts as long as steel demand remains low and until stocks are used up.

German Exports Drop 23 Percent

April 8, 2009 5:22 am | by Geir Moulson, Associated Press Writer | News | Comments

Federal Statistical Office said exports fell 23.1 percent to $86.3 billion in February, while imports fell 16.4 percent to $74.2 billion.

A123 To Supply Batteries For Chrysler Electric Cars

April 6, 2009 10:50 am | News | Comments

Chrysler says a Massachusetts-based company will supply lithium-ion batteries for the automaker's first-generation electric cars scheduled to go on sale next year.


Canada Scales Back Reliance On U.S. Trade

April 3, 2009 5:44 am | News | Comments

Statistics Canada reports the U.S. accounted for 65.7 percent of Canada's total merchandise trade in 2008, down from 67.2 percent in 2007.

German Import Prices Drop In February

April 3, 2009 5:07 am | News | Comments

Import prices fell by 6.4 percent, the steepest decline in more than a decade, due mostly to a 26 percent drop in energy costs, the Federal Statistical Office said.

Boeing 1Q Deliveries Rise 5 Percent

April 2, 2009 7:49 am | Boeing | News | Comments

Chicago-based aerospace giant delivered 121 jetliners in the first three months of 2009, a 5 percent rise from the same period last year, despite weaker demand for planes.

China Sending Trade Mission To U.S.

April 1, 2009 5:35 am | News | Comments

Trip comes ahead of a meeting of a high-level U.S.-Chinese economic forum held twice a year on economic and trade issues, a Chinese newspaper said.

German Import Prices Tumble In January

March 27, 2009 4:57 am | News | Comments

Federal Statistical Office said import prices marked their biggest decline in a decade, falling 5.4 percent from the same month a year earlier due mostly to cheaper fuel.


Asian Exports Help U.S. Pork Industry

March 23, 2009 4:54 am | by James Hannah, Associated Press Writer | News | Comments

Nearly a quarter of the pork produced in the U.S. goes abroad, giving new life to an industry that produces more pork than Americans can eat.

Mexican Tariffs On U.S. Products Go Into Effect

March 19, 2009 5:00 am | by E. Eduardo Castillo, Associated Press Writer | News | Comments

Tariffs affect about $2.4 billion in annual trade and 89 U.S. products and are in retaliation for a U.S. decision to cancel a cross-border trucking program.

Survey: Shippers Favor Rails Over Truckers

March 17, 2009 7:18 am | by Edited by Staff | News | Comments

Supply chain managers surveyed by Longbow Research said current economic environment favors rails, and availability of adequate rail capacity replaced fuel prices as a top concern.

Congress May Defund Mexican Truck Program

March 5, 2009 5:14 am | by Suzanne Gamboa, Associated Press Writer | News | Comments

Lawmakers are preparing to cut off the money for a 1½-year-old pilot program that opened the way for up to 500 Mexican trucks from 100 operators to drive deeper into the U.S.

Russia's Largest Automaker To Halt Production

March 4, 2009 5:11 am | by Nataliya Vasilyeva, AP Business Writer | News | Comments

AvtoVAZ has stopped production again due to a renewed dispute with parts suppliers, which request being paid fully in cash as they are hit hard by the credit crunch.


ArvinMeritor Gets Drivetrain Defense Contract

February 26, 2009 6:12 am | BAE Systems, Lockheed Martin | News | Comments

Automotive parts maker will supply drivetrains for defense contractors Lockheed Martin Corp. and BAE Systems under a $20 billion military vehicle program.

UPS Exec Warns Against Protectionism

February 25, 2009 9:38 pm | by Harry R. Weber, AP Business Writer | News | Comments

Head of global shipping giant UPS warned Thursday against buying into the argument that global trade siphons away U.S. jobs.

Japan Reports Record Trade Deficit In January

February 25, 2009 4:12 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Ministry of Finance said the trade deficit for the month widened to $9.92 billion -- the biggest gap since 1979 -- as exports fell 46 percent.

Truck Congestion Revives Marine Shipping

February 23, 2009 4:25 am | by Steve Szkotak, Associated Press Writer | News | Comments

Heavy highway congestion and increased concerns about fuel prices and global warming in recent years have revived interest in shipping more of the nation’s freight via boats.

Majority Of Truckers Report Falling Demand

February 19, 2009 6:17 am | by Edited by Staff | News | Comments

Survey by Longbow Research found about 84 percent of participants say that demand for truckload services declined year-over-year during January.

U.S. Gov't Wants Stricter Food Labels

February 18, 2009 4:32 am | by Mary Clare Jalonick, Associated Press Writer | News | Comments

Obama administration wants labels for fresh meat and other foods that would show more clearly where it came from, according to consumer groups briefed on the issue.

Businesses Cut Inventories In December

February 12, 2009 7:15 am | by Marcy Gordon, AP Business Writer | News | Comments

Commerce Department says inventories fell 1.3 percent, far worse than the 0.9 percent decline analysts expected and the largest cut since October 2001.

EU Automakers Want To Scrap S. Korea Trade Pact

February 5, 2009 8:30 am | News | Comments

European car makers called for the European Union to scrap a draft free-trade deal with South Korea, saying it won't let them increase exports during a sales slump at home.

ThyssenKrupp To Delay Production At Alabama Plant

January 23, 2009 7:52 am | News | Comments

German corporation said it will delay the planned start of stainless steel production at a $4 billion plant in Alabama.

OPEC Ready To Cut Oil Output

December 17, 2008 2:00 am | by George Jahn, Associated Press Writer | News | Comments

Saudi Arabia said Wednesday OPEC will slash a record 2 million barrels from its daily production as of Jan. 1, while Russia and other OPEC outsiders announced their own cutbacks.

OPEC Cuts 2009 Demand Projection

December 16, 2008 5:30 am | News | Comments

In its December Monthly Oil Report, OPEC said world oil demand was forecast to average 85.7 million barrels per day in 2009, down 150,000 barrels per day from 2008 levels.

Parts Suppliers Willing To Work With Automakers

December 16, 2008 4:37 am | News | Comments

Closely tied to the success of GM and Chrysler, auto parts suppliers are trying not to panic and demand cash on delivery from the carmakers that are running low on cash.

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