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Durable goods orders increased in September on transportation equipment, the U.S. Commerce Department said today.

Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.

In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.

ROKiT MADE, is building what it calls the largest e-bike manufacturing facility in the United States. ROKiT MADE’s campus, called the “ORB,” is slated to open in 2021. ROKiT MADE has committed the necessary funds to building the infrastructure and ORB campus and plans to merge with a SPAC.

The trials and tribulations of 2020 have given manufacturers a moment of clarity, a vice president of IFS says in a commentary.

The Shyft Group, a specialty vehicle maker plans to hire new manufacturing employees at its Charlotte, Mich., campus.

ARCH Global Precision said it has acquired LISI Medical Jeropa Inc.

Stratasys Ltd. said it has acquired U.K.-based RP Support Ltd. (RPS), a provider of industrial stereolithography 3D printers and solutions.

Mno-Bmadsen has acquired Walerko Tool and Engineering Corp. through its manufacturing investment vehicle Mno-DREK.

Xometry announced the addition of Emily Rollins, a former Partner at Deloitte & Touche LLP, to the Company's Board of Directors. Rollins will serve as the Chair of Xometry's Audit Committee.