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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.

An Industry in Transition

The automotive industry is in transition, but perhaps not the type of transition that many analysts, forecasters, and company executives expected.

Durable Goods Orders Rise on Transportation

New orders for durable goods increased 0.7 percent to $267.2 billion in May, paced by a gain in orders for transportation equipment, the Commerce Department said today.