Peter Dilnot, who takes over as Melrose’s chief executive officer in March 2024, said that while the supply hitches are boosting after-market demand, they’re limiting planemakers’ ability to build jets.

The survey showed that the extent to which supplier capacity went underutilized was higher in October 2023 than it was in September and August.

Two-thirds of the 30 retailers analyzed had inventory turnover rates below their peers, which indicates excess stock and/or slow sales.

Saudia Group is planning on announcing the order before the end of 2023, with the airplanes going to Saudia Cargo as well as Flyadeal.

The European company still has 161 deliveries to go in the final two months of 2023 if it wants to meet its target.

A report from the NERC and FERC recommended lawmakers complete cold weather reliability standard revisions enacted during Winter Strom Uri in 2021.

UAW 551, the local union that held a vote on the contract, said that 57% of the ballots cast by its members were in favor of the deal.

IBM, a pioneer in the development of artificial intelligence, deploys the ground-breaking technology to make real-time predictions about the status and shipment of sales orders. 

Investing in and implementing smart sourcing and manufacturing solutions is not a quick and complete fix for today’s drug and device shortages, but it can help.

The company anticipates producing electricity at the Coastal Virginia wind farm for $77 a megawatt hour, down from earlier forecasts of between $80 and $90.