U.S. Cutting Tool Orders Rise on Monthly Basis in February May 5, 2021 February 2021 U.S. cutting tool consumption totaled $149.5 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 3.3 percent from January's $144.8 million and down 17.1 percent when compared with the $180.3 million reported for February 2020.
GM Quarterly Profit Surges May 5, 2021 General Motors Co. said today its first-quarter profit rose sharply compared with a year earlier despite having to deal with a global shortage of computer chips.
3D Systems Announces Expansion May 4, 2021 3D Systems announced an expansion in Denver to support its health care solutions business and expand application development capabilities for its Application Innovation Group.
Stratasys, DyeMansion Form Alliance May 3, 2021 Stratasys Ltd. and DyeMansion, announced a strategic alliance to create the first reference architecture for production scale additive manufacturing.
Caterpillar Profit Improves in First Quarter April 29, 2021 Caterpillar Inc., the maker of heavy equipment, today reported an increased quarterly profit as sales improved and dealers boosted their stock of Cat machinery.
Ford Posts Quarterly Profit After Year-Earlier Loss April 28, 2021 Ford Motor Co. today reported a first-quarter profit compared with a year-earlier loss. The automaker also forecast continuing issues with a computer chip shortage.
Boeing Posts Quarterly Loss, Sees 2021 as ‘Inflection Point’ April 28, 2021 Boeing Co. today reported a first-quarter loss while indicating results mostly improved from the same period in 2020. The Chicago-based aircraft maker also said this year may be the start of a comeback for aerospace.
Drill Choice: Solid-Carbide or Replaceable-Insert? April 27, 2021 Selecting the best type of cutting tool for holemaking jobs is not always clear. It is best to have a drill that caters to the workpiece material, produces the specs required, and provides the most profit for the job at hand. Considering the variety of jobs and parts manufactured in machine shops, there is no “one-drill-fits-all.”
Issues Facing Manufacturers in Pandemic's Second Year April 27, 2021 Adam Aguzzi, vice president of manufacturing at Ceridian, discusses issues facing industry in the second year of the COVID-19 pandemic.
Durable Goods Orders Rise in March April 26, 2021 Durable goods orders increased in March, with various industries contributing to the gain, the U.S. Commerce Department said today.
