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Machine Tool Orders Slip in July

Orders for machine tools declined in July as some transportation industries pared orders, according to AMT – The Association for Manufacturing Technology.

S&P Global Mobility Names Executive Editor

S&P Global Mobility, a division of S&P Global, announced it has hired journalist, analyst, and editor Mark Rechtin for the newly created role of executive director and executive editor.

Cutting Tool Orders Rise in June

June 2022 U.S. cutting tool consumption totaled $175.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 0.3% from May’s $175.4 million and up 2.2% when compared with the $172.1 million reported for June 2021.

Measuring Up Efficiency

The first rule of efficiency is to accurately measure equipment utilization and quality rates.