Intelligence

ANCA's 2024 Female Machinist Award. PrecisionX acquires Ditron. Students' Manufacturing Day at FANUC. United Grinding: apprenticeship ambassador. New facilities for Edge Technologies, Rego-Fix. America Makes launches AMJobs tool. ARM's robotics hub cohort.

Orders of manufacturing technology totaled $450.6 million in September 2024, an increase of 24% from August 2024 and 14.6% over September 2023 orders. Year-to-date orders reached $3.35 billion, a 7.7% decline compared to the first three quarters of 2023.

In a widely anticipated move, the Federal Reserve slashed the federal funds rate by another 25 basis points to a target range of 4.5% to 4.75%. The manufacturing technology industry may find itself at the beginning of a strong market.

Longtime AMT member National Machinery recently celebrated 150 years in business. What drives excellence and growth to sustain a global leader? Key elements include community, employee dedication, and innovation.

Today the U.S. Bureau of Economic Analysis released their first estimate of GDP for the third quarter of 2024. According to the first estimate, GDP grew 2.8% at an annualized rate.

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $209.3 million in August 2024. Orders increased 9.1% from July 2024 but were down 4.5% from August 2023.

America Makes elects new members to its executive committee. Edge Technologies appoints a new regional sales manager for the Upper Midwest. FANUC America establishes a $1M scholarship fund with the SME Foundation to elevate advanced manufacturing skills.

Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $360.8 million in August 2024. These orders for metalworking machinery increased 22.7% from July 2024 but fell 12% short of August 2023 orders.

While Michigan is commonly associated with cars, an innovative company in the state’s Upper Peninsula is producing thrusters based on advanced ion propulsion technology. (Yes, you read that right.)

Dr. Sharon Cobb’s first experience with manufacturing at the foundry where her father worked inspired her to pursue a career in science. Now the associate program manager at NASA’s Space Launch System, Dr. Cobb has 38 years of experience with NASA.