manufacturing News Updates

Business

ISM Manufacturing Index Slips from 7-Month High

U.S. manufacturing activity slipped from a seven-month high in February but showed continued expansion, the Institute for Supply Management said Thursday.

March 1, 2012
Business

Chicago Manufacturing Index Rises

An index of manufacturing activity in the Chicago area increased in February, the Institute for Supply Management-Chicago said Wednesday.

February 29, 2012
Business

Bendix Begins Brake Fix

TAMPA, Fla. — Bendix Commercial Vehicle Systems said it has distributed the first of more than 130,000 kits to fix a defective brake-system valve, but said the process could take about six months to complete as manufacturers, dealers and fleets scramble to repair more than 67,000 affected U.S. and Canadian trucks.

February 27, 2012
Business

Philadelphia Manufacturing Index Rises to Four-Month High

Manufacturing activity in the Philadelphia region expanded at a faster pace in January, reaching a four-month high, the Federal Reserve Bank of Philadelphia said Thursday.

February 16, 2012
Business, Government

New York Manufacturing Index Jumps

Manufacturing activity in the New York region expanded in February at the fastest rate since June 2010, the Federal Reserve Bank of New York said Wednesday.

February 15, 2012
Business

Daimler Trucks’ 4Q Earnings Rise

Daimler Trucks’ fourth-quarter earnings before interest and taxes rose 5% to 422 million euros ($569.7 million), reflecting a 22% increase in worldwide truck sales, parent company Daimler AG said.

February 9, 2012
Business

Cummins’ Profit Rises for 4Q, Year

Diesel engine maker Cummins Inc. on Thursday said its fourth-quarter profit rose from a year ago as sales climbed to a quarterly record.

February 3, 2012
Business

Meritor’s Fiscal 1Q Loss Widens

Truck components maker Meritor Inc. said Thursday it lost $22 million, or 23 cents per share, in its fiscal first quarter, compared with a net loss of $2 million, or 3 cents, a year ago.

February 2, 2012
Business, Government

ISM Manufacturing Index Hits 7-Month High

January U.S. manufacturing activity rose to the highest level since June, the Institute for Supply Management said Wednesday.

February 1, 2012
Business

Daimler to Add 1,200 Jobs at N.C. Plants in Recovery

MIAMI BEACH, Fla. — With its Class 8 truck order book overflowing and all signs pointing to a continuing market recovery, Daimler Trucks North America said it will add a second shift to its primary U.S. production facility, creating 1,200 new jobs.

January 16, 2012