M. Holland is excited to be the Headline Sponsor for the 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.
M. Holland will be closed Monday, May 30 for the Memorial Day holiday.
Supply
Oil prices moved little Tuesday for the second consecutive day. In mid-morning trading today, WTI futures were down 0.3% at $109.50/bbl, Brent was down 0.2% at $113.30/bbl, and U.S. natural gas was up 3.9% at $9.14/MMBtu.
America’s logistics networks are stretched to their limit just as retailers and manufacturers are set to begin their seasonal rush of imports ahead of the fall and winter holidays.
U.S. rail freight carriers laid off 45,000 employees — nearly 30% of their combined workforce — over the last six years, contributing to current disruptions that are delaying raw material shipments and driving up prices.
UPS imposed a 30-cent surcharge on its standard ground-delivery service from the U.S. to Canada and raised surcharges on six expedited services in the northbound U.S.-Canada market.
The growing number of countries putting export curbs on food could further raise prices, already 30% higher in April from a year ago.
Domestic Markets
The U.S. reported 110,870 new COVID-19 infections and 349 virus fatalities Tuesday. The country is averaging over 100,000 cases per day for the first time since February.
Wendy’s shares rose 17% after its largest shareholder said it was exploring an acquisition for the restaurant to improve sales and deal with rising costs.
Shanghai reported 480 new COVID-19 infections Tuesday, a 14% drop from Monday as lockdowns are due to be lifted in a little more than a week.
Another 1,800 people were forced into quarantine in Beijing, while the nearby port city of Tianjin locked down its city center amid a small flareup of COVID-19.
The number of Canadians who say their finances are worse today than a year earlier reached 41%, nearing a 14-year high.
Hyundai plans to invest nearly $50 billion in South Korea through 2025 to strengthen its presence in several markets, including electrification, robotics, urban air mobility and automation.
Austria is the latest government to enter the green bond market with a $4.3 billion debt sale on Tuesday, which will be used to fund environmentally friendly projects.
Countries around the world raised $84 billion last year by charging firms for emitting carbon dioxide, up 60% from 2020. Analysts say prices are still not high enough to curb climate change and that gathering economic headwinds could further deter progress.
Banks and insurers that fail to manage climate risks could face a 15% hit to annual profits and higher capital requirements, the Bank of England said.