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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.

Betting that the worst of the pandemic will be over and travel restrictions lifted, the 2021 edition the machine tool exhibition is putting out the welcome mat to the world.

The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.

Suppliers of cleaning, safety, and environmental equipment are promoting a common message—good housekeeping is not only good for your workforce, it’s also good for the shop’s balance sheet.

In an effort to help customers get their operations back up and running after a full or partial shut-down, Castrol, Lewiston, N.Y., is offering savings to those who trial and switch to Castrol industrial coolants.

Durable goods orders rose last month, boosted by commercial and defense aircraft, the U.S. Commerce said today.

U.S. manufacturing added 66,000 jobs in September, with the majority of that in durable goods, the Bureau of Labor Statistics said today.

The world has changed remarkably in 2020. The new decade began with a sense of optimism and historically strong economies in both the commercial aerospace and defense sectors.

The National Association of Manufacturers said a quarterly survey shows strong use of liquidity programs like the Paycheck Protection Program and Main Street Lending Program.

The International Manufacturing Technology Show (IMTS), which would have been held in September in Chicago, has been canceled for the first time since World War II.