In-person components of NPE2021, scheduled for May 17-21, 2021, have been canceled due to risks associated with COVID-19 transmissions, the Plastics Industry Association announced Tuesday.
Crude oil prices rose Wednesday on crude oil inventory draws of 8 million barrels for the last week of 2020, according to the Energy Information Administration. Oil prices were higher in mid-day trading today, with the WTI up 0.3% at $50.78/bbl and Brent up 0.3% at $54.45/bbl. Natural gas was 0.7% higher at $2.74/MMBtu.
Dealmaking among oil and gas producers reached its highest yearly point in the fourth quarter of 2020 as pandemic-induced fallouts prompted more consolidations.
Dire predictions of port chaos in the U.K. have yet to materialize following the nation’s departure from the European Union on Jan. 1.
Vietnam will spend up to $8.6 billion over the next decade to upgrade its ports to international standards and increase capacity.
Canada/U.S. transportation company Pride Group Enterprises will purchase 6,320 all-electric delivery vehicles from Workhorse Group, vehicles with up to 150 miles of range that will be used for last mile deliveries.
Logistics conditions remain strained, with trucking demand exceeding availability, continuing congestion at ports, and backlogs at warehousing and packaging facilities due in part to operating challenges related to the pandemic. Shipping containers are in short supply, with demurrage charges rising. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
There were 253,145 new COVID-19 cases in the U.S. yesterday. Wednesday’s 3,865 fatalities set a new daily record, pushing total deaths above 361,000.
Alabama, Idaho, Iowa, Pennsylvania and South Dakota reported seven-day COVID-19 positivity rates above 40%, a sign the virus is spreading more broadly.
A highly contagious coronavirus variant in South Africa will likely make a COVID-19 vaccine less effective, but is unlikely to be totally resistant to the shots.
Food prices are up 18% since May amid rising hunger globally.
The Turkish lira is trading at its highest value against the dollar in nearly four months, a sign the country’s historically volatile markets have rebounded successfully in recent weeks.
Home prices in Toronto hit a record high in 2020 amid increased demand for larger homes and low interest rates.
As we enter a new year, our President and CEO shared this message and video with our Mployees and business partners.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets. To arrange a videoconference or meeting with any of our Market Managers, please visit our website.
To access 3D Printing training, order parts and seek technical assistance, visit our online resource.
M. Holland Company
We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.