This year’s report reveals that the transportation sector grew only 2.0 percent, with all modes experiencing modest gains in revenue. Despite the weak revenue picture, tonnage was up due to heavier average loads per shipment.
Honda, Mazda and Nissan are recalling millions of vehicles globally for defective airbags manufactured by supplier Takata Corp. that could possibly explode.
The Senate Energy, Environment and Telecommunications Committee met in Spokane, a major railroad hub for the northern United States, to take testimony on a bill that seeks to improve the safety of those oil shipments.
The owner of four California car dealerships is suing Mitsubishi Motors North America and its credit arm, saying they forced the dealerships to stock more vehicles than they could sell, costing them millions in extra finance charges.
More than four months after General Motors started recalling 2.6 million small cars to fix ignition switches, the company has repaired only 7 percent of the vehicles.
The report is a very positive confirmation that the manufacturing sector will continue to grow faster than the general economy this year and next. Growth is driven by a ramping up of the housing supply chain.
The assembly line at the Chrysler plant in Belvidere is up and running again after being shut down when an industrial accident at an area parts supplier halted deliveries.
Boeing inked a deal Thursday for five Japanese companies to manufacture key components for its twin aisle 777X jets but the contract doesn't include making the wings, which were a source of delays for the 787 Dreamliner.
Often this is a complex decision, but it can be narrowed down to one simple question — “Do you want to be held hostage by a carrier?”
No matter what your industry, the design of your warehouse has far-reaching ramifications for efficiency and savings. The layout should make sense, and items should be accessible at short notice.
A South Carolina plant that makes exhaust systems for BMW will close by the end of the year, leaving 150 workers without a job.
With the increasing frequency of product recalls and production delays, it’s easy to fall into the trap of assuming that these have become an unfortunate but unavoidable consequence of today’s outsourcing practices. But think again: they should be unacceptable to any manufacturing executive. After all, do you want to be the next Apple or another GM footing the bill for a recall?
“The 55.4 percent is almost square with predictions that are out there,” says Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Business Survey Committee. “So we’re doing what’s expected and what’s expected is a good strong manufacturing sector.”
We have all been on the receiving end of a sales pitch that put emphasis on the concept of “value” to us, the customer. Although we know that value is important, few can succinctly define it and fewer still can quantify it.
For many companies in Vietnam there is little alternative but to trade with China, which supplies its factories with everything from the components to make smartphones to the fiber that its cheap labor force weaves into sweatshirts and t-shirts for international retailers.
South Carolina Governor Nikki Haley was joined by state and local economic development officials last Thursday evening to announce $38.2 million in new capital investment and 304 new jobs in South Carolina.
Nearly 85.7 percent of PMI respondents believe the economic outlook will remain positive, while less than 15 percent believe the economy will become less stable over the next six months.
Akros Silicon Inc. has announced a global distribution agreement with Digi-Key Corporation. Akros’ products help manufacturers of electronic equipment create more efficient and advanced products, which in turn enables end users to reduce their energy usage.
The growth in April’s new orders was entirely due to large defense contracts which have very long lead times and thus do not reflect activity that is likely this year. Having said that, defense capital goods contracting has exploded in early 2014.
Using a new finance tool, she shows how the mismatch costs that result from extending the supply chain may well be higher than the lower cost offered by the offshore supplier, leading to reduced profits.
The head of the biggest railroad hauling North Dakota crude says the future of oil shipments depends on proving that it can be done safely.
The very term “supply chain” implies a straight line and a singular operating mode, with tight linkages moving goods smoothly from mode to mode and location to location. In Asia-Pacific, however, this concept is unrealistic.
America’s shale energy revolution is creating and sustanting hundreds of thousands of jobs in diverse sectors of the economy that supply construction, equipment, supplies and services to shale energy operations; and making the U.S. manufacturing sector more competitive by reducing energy input costs.
While there are numerous outlets offering thoughts and guidance on ERP implementation, Columbus offers this definitive list focused on time-tested approaches that they feel can help an enterprise save time, cut costs and ensure all goals are met.
The announcement coincides with an effort by Beijing to build up its dairy industry following a 2008 tainted milk scandal that killed at least six babies and prompted many parents to switch to imported formula.