Manufacturing Technology orders fall for 3rd Year; beat expectations
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $513.8 million in December 2024, the highest level since March 2023. This showed an increase of 15% from November 2024 and was 5.4% behind December 2023. Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, totaled $513.8 million...
January 2025 Logistics Manager’s Index Report®
Growth is INCREASING AT AN INCREASING RATE for: Inventory Levels, Inventory Costs, Warehousing Utilization, Warehousing Utilization, Warehousing Prices, Transportation Utilization, and Transportation Prices. Growth is INCREASING AT A DECREASING RATE for: Warehousing Capacity, and Transportation Capacity The January Logistics Manager’s Index reads in at 62.0, up (+4.7) from December’s reading. This is the fastest reading of expansion...
KION with strong financial year 2024
Efficiency program resolved to strengthen resilience Preliminary and unaudited group results for the financial year 2024 published – significant increase in profitability Executive Board resolves efficiency program to maintain headroom for future investments The KION Group finished the financial year 2024 with strong results: With slightly improved revenue of € 11.5 billion (2023: € 11.4 billion), adjusted EBIT significantly...
Ati Motors secures $20M Series B to expand AI robotics globally
Walden Catalyst Ventures and NGP Capital Lead Investment to fuel Ati Motors Global Expansion across North America and APAC. Ati Motors has announced a $20 million Series B investment led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP) with participation from current investors including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures. The funding comes on the heels of Ati Motors’...
AAR reports Rail Traffic for the week ending February 1, 2025
Today, the Association of American Railroads (AAR) reported U.S. rail traffic for the week ending February 1, 2025. For this week, total U.S. weekly rail traffic was 513,622 carloads and intermodal units, up 4.5 percent compared with the same week last year. Total carloads for the week ending February 1 were 222,071 carloads, down 0.1 percent compared with the same week in 2024, while U.S. weekly intermodal volume was 291,551...
PLASTICS Industry Association expresses concern about new tariffs
Urges trade policies that strengthen U.S. manufacturing PLASTICS President and CEO Matt Seaholm issued the following statement regarding the Trump Administration’s new tariffs on Canada, Mexico, and China: “The plastics industry recognizes the importance of securing our borders and combating illegal drug trafficking to protect American communities. A strong and secure nation is fundamental to economic growth and industrial stability....
Strong end to 2024 despite mixed signals for Manufacturing Technology
The U.S. Bureau of Economic Analysis released their first estimate of GDP for the fourth quarter of 2024. According to the first estimate, GDP grew 2.3% at an annualized rate. This increase was driven by strong consumer demand, particularly from demand for durable goods, but held back by lagging investment, particularly for new equipment. Including the fourth quarter, GDP expanded by 2.8% through all of 2024. “Today’s GDP print...
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