Total joined as a founding member of the Sea Cargo Charter, a consortium of major companies committed to align their shipping activities with climate goals.
The recession in the fracking industry has hit non-oil-producing states in the Midwest where sand mines are closing and laying off workers due to the drop in demand for silica.
Chevron is laying off 700 workers at its Houston headquarters as it streamlines in response to the energy recession. Workers are encouraged to apply for jobs elsewhere in the company.
Hurricane Delta, a Category 3 storm, is expected to make landfall on the Louisiana coastline Friday evening. It is the sixth hurricane to strike the U.S. gulf in the past several months.
Much of Japan is being battered by slow-moving Typhoon Chan-hom as it passes along the nation’s southern coast.
As 22 major wildfires continue to burn in California, the forecast calls for the possibility of light rain Saturday in Northern California with dry conditions returning next week.
The month of September saw a 7.1% year-over-year increase in containers and trailers carried by U.S. railroads. It was the fourth-busiest month ever for intermodal rail traffic.
Global freight container traffic jumped 1.5% in August, the first year-over-year increase in traffic since the pandemic began.
With tight freight capacity nationwide and supply constraints with many plastic resins, clients are advised to provide expanded lead times on orders to help ensure delivery dates.
Markets
The U.S. reported more than 56,000 new COVID-19 cases on Thursday, the highest level since mid-August and second-most behind more than 78,000 new cases in India. The death toll in the U.S. has passed 211,000, with 961 reported Thursday.
Average daily infections are averaging more than 45,000 this week, an 8% increase from last week’s average.
On Thursday, New York and New Jersey both recorded the highest number of COVID-19 cases since May. State officials are anticipating a second wave as the weather gets colder and people stay indoors.
Wisconsin and the Dakotas lead all states in new COVID-19 cases per capita with hospital beds filling up rapidly.
The U.S. budget deficit hit a record $3.1 trillion in the fiscal year ended September 30, triple the deficit in 2019 and 15.2% of GDP, the highest percentage since 1945.
Economists surveyed by the Wall Street Journal believe jobs in the U.S. won’t recover to pre-pandemic levels until 2023 or later.
One in six U.S. workers will not get a raise in 2021, according to a survey conducted by consulting firm Willis Towers Watson, as a third of surveyed companies reported payroll cuts.
Toyota and Hino are developing a hydrogen fuel-cell electric freight truck for the North American market. The announcement came after Daimler said it would start producing a Mercedes-Benz Class 8 electric truck in 2021.
IBM will spin off its IT infrastructure unit, which supplies a quarter of the company’s sales and staff, to prioritize the growing businesses of cloud-computing and artificial intelligence.
Mondelēz International is testing digital watermarks to aid in the identification and sorting of plastic waste for recycling.
International
A surge of 96,996 new COVID-19 cases in Europe Thursday sealed a record increase in global one-day infections (338,000+), according to the World Health Organization. Cases are rising in 54 countries, with surges in Europe, Canada and Argentina.
Poland registered record daily COVID-19 infections today for the fourth consecutive day.
The Czech Republic has registered record COVID-19 infections for the past three days.
New infections in Russia topped 12,000 today, a record.
Governments across Europe held emergency sessions to plan countermeasures against the spreading virus, including new shutdowns and social distancing mandates.
GDP in the U.K. rose a disappointing 2.1% in August, less than half analyst estimates and a third of the growth rate in July, indicating its recovery is slowing. Output remains 10% below pre-pandemic levels.
China, which has experienced no community spread of COVID-19 since early August, saw a surge in domestic travel and tourism in its just ended Golden Week holiday.
China has joined an $18 billion effort backed by the World Health Organization to help provide lower-income countries with an eventual COVID-19 vaccine.
The mental health toll of the COVID-19 pandemic is reflected in Japan, where the increasing number of suicides this year outnumbers virus deaths by more than 10,000.
The U.S. Federal Reserve joined six other central banks in a meeting today to plan for eventual digital currencies.
3D Market Manager Haleyanne Freedman and Jacob Fallon, Braskem’s Technology Engineer for 3D Printing, co-hosted a webinar on Polypropylene Advancements in 3D Printing this week. Watch the recording here.
Stop by M. Holland’s virtual booth at IWCS to meet our team of Wire & Cable experts. The M. Holland team is exhibiting October 15-16 from 8 am to 1 pm ET. Click here to learn more.
Global Healthcare Manager Josh Blackmore will be a featured speaker at the Plastics in Healthcare Virtual Edition, sponsored by Plastics News, October 26-30. The title of his talk: Applying the Lessons from the First Wave of COVID-19 to Successfully Navigate the Second.
To access 3D Printing training, order parts and seek technical assistance, visit our new online resource.
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.
Thank you,
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.
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