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 ET.
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 ET.
Oil prices rose slightly Monday on signs that easing lockdowns in China would spur demand. China processed 11% less crude in April, a two-year low.
In mid-morning trading today, WTI futures were flat at $114.20/bbl, Brent was up 0.1% at $114.40/bbl, and U.S. natural gas was up 3.5% at $8.24/MMBtu.
U.S. gasoline prices hit a fresh record of $4.48 a gallon Monday, up 15 cents the past week. Despite the record prices, demand rose 3% the past week.
CMA CGM aims to speed up cargo movement with a $300 payment for each container a shipper returns to select terminals within four days of pickup.
XPO Logistics’ plan to become a pure less-than-truckload carrier by the fourth quarter is taking shape, with the firm’s freight forwarding unit entertaining offers up to $600 million.
First-half orders were up 40% year over year at Milwaukee-based Rockwell Automation, a supplier of robotics software and other industrial technologies, as companies look to automation to mitigate supply chain challenges.
Saudi Arabian airline Saudia will double its freight fleet by converting seven Boeing 777s from passenger to freight carriers.
The U.S. reported 145,014 new COVID-19 infections and 240 virus fatalities Monday, with active cases at their highest level since November. Daily infections are up 90% the past two weeks to roughly 90,000 per day, with the largest rise in the Midwest.
Retail sales jumped 0.9% in April, the fourth straight monthly gain, despite decades-high inflation.
Manufacturing activity in New York state fell unexpectedly this month for the second time in three months, reflecting plunging orders and shipments. General business conditions in the state were also down, according to a Fed index:
Cash levels among investors is at a 20-year high, reflecting concerns about global economic growth and stagflation, according to Bank of America.
Capital inflows to the U.S. hit a three-month low in March, new data shows.
Boeing’s bid to resume 787 deliveries after a year of production setbacks is in doubt after the firm submitted incomplete documentation to U.S. regulators, reports suggest. Europe’s Ryanair criticized the plane-maker and said it may soon turn to the secondhand leasing market to support further growth.
Chinese consumer spending and factory output tumbled in April, new data shows, while the unemployment rate surged to a two-year high of 6.1%. Fiscal revenue fell 41% as the government returned more money to help taxpayers deal with lockdowns.
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