M. Holland is excited to be the Headline Sponsor for the upcoming Injection Molding & Design Expo in Detroit! This two-day trade show will highlight the latest technologies, materials, equipment and opportunities in injection molding. The event is May 25-26 and admission is free. Click here to learn more.
Haleyanne Freedman, M. Holland’s 3D Printing Market Manager, will be discussing Open Platform Adoption in Additive Manufacturing. Don’t miss her presentation in the Designing the Future Theater on Wednesday, May 25 at 4:00 pm CT.
Josh Blackmore, M. Holland’s Global Healthcare Manager, is facilitating a training seminar on Understanding Material Selection for Medical Devices, from Qualification to Approval. Mark your schedules for this session in the Training and Development Theater on Thursday, May 26 at 9:15 am CT.
M. Holland recently hosted panelists from Business Publishing International, Jabil and LyondellBasell to discuss the ongoing pandemic, material shortages, the war in Europe, supply chain issues, high inflation and more. Read a recap of the broadcast here and access the recording here.
Oil prices slid about 6% Monday, the steepest decline in five weeks, on prospects of more Russian oil staying on the market amid a setback in the EU’s embargo plans.
In mid-morning trading today, WTI futures were down 3.3% at $95.65/bbl, Brent was down 3.3% at $102.40/bbl, and U.S. natural gas was up 4.10% at $7.32/MMBtu.
Energy trade between the U.S. and Canada shot up 37.5% from 2020 to 2021, new data shows:
Repairs to Exxon Mobil’s refinery in Billings, Montana, will extend three more weeks after a fire forced its crude distillation unit to shut down in late March.
First-quarter profit at Cosco Shipping Ports rose 31% to $80.9 million despite a decline in cargo throughput in the Greater China region.
A queue of 27 container ships backed up at the Port of Charleston is down to five.
Global airfreight demand fell 5.2% in March, according to the International Air Transport Association.
Air Lease Corp, an influential leader in the airline industry, expressed doubt over the future of Boeing’s 777X Freighter whose production was recently pushed back to 2025, five years later than it was originally due. Fears were slightly allayed after Lufthansa announced it placed $6 billion in new orders with Boeing, including for 10 cargo planes.
Flatbed trucking, often associated with the housing and construction markets, is showing signs of softening.
The U.S. reported 110,182 new COVID-19 infections and 514 virus fatalities Monday. The seven-day average is up to 73,000 from just 27,000 a month ago, with the highest infection rates in the Northeast and Puerto Rico.
Hospital admissions for COVID-19 in the U.S. are up 17% over the past week.
High-end cosmetics maker Coty posted 21% revenue growth and said demand remains strong for its fragrances and skincare products despite rising prices.
BioNTech’s sales and earnings more than tripled thanks to demand for its COVID-19 vaccine, although the firm says sales will decline for the rest of the year.
Shanghai reported just 3,014 new COVID-19 cases Monday, the lowest in over a month, though there are no signs of easing re-tightened lockdowns. Several districts in Beijing were moved into effective lockdowns Monday.
Africa saw a 38% jump in COVID-19 cases last week as deaths fell, supporting evidence that recent surges are driven by more transmissible but less lethal strains.
Growth in Chinese exports rose just 3.9% in April compared to 14.7% a month earlier, a two-year low caused by the impact of lockdowns. The nation’s central bank said it would step up support for the slowing economy.
Consumer prices in Mexico rose 7.68% in April from a year ago, the fastest increase in over 20 years.
Amazon plans to export $20 billion worth of goods from India by 2025, up from its initial $10 billion goal.
Renault will sell over one-third of its Korean unit for roughly $200 million, a bid to raise funds for electric-vehicle production that the firm hopes will reverse three straight years of declining sales.
The world’s biggest airline trade body says rebounding travel activity will bring passenger volumes back to pre-pandemic levels in 2023.
Nigerian airlines suspended at the last minute a plan to ground local flights due to surging costs for jet fuel.