Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Foxconn's withdrawal from a joint semiconductor venture with Vedanta marks a significant setback to India's chipmaking goals. This move questions the success of the 'Make in India' initiative and could impact future foreign investments.
Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with India's Vedanta, marking a significant setback to Prime Minister Narendra Modi's chipmaking ambitions. Foxconn's decision is reportedly linked to concerns over delay in incentive approval by the Indian government. The departure of Foxconn puts a dent in Modi's plans to attract foreign investors for local chip production, despite Vedanta's commitment to continue with the project with other partners. The incident casts a shadow on the 'Make in India' initiative and may influence the decision of other companies looking to invest in India.
Source: Reuters
Foxconn drops $20 billion factory in India. People often overestimate how advanced China's logistics & supply chains are compared to others. This is one of China's biggest competitive advantages & why China is THE manufacturing giant of the 🌍https://t.co/udS3oE4jiR
— Cyrus Janssen (@thecyrusjanssen) July 11, 2023
The U.S. manufacturing sector faces contraction with a PMI of 48.7 in May 2024, while manufacturing construction hits a record high. What's up with these mixed signals?
TSMC's $11.6 billion award to fund three new chipmaking factories in Arizona.
The ISM Manufacturing Index moves from contraction to expansion for the first time in 16 months.
Dell observes a sudden decline in PC demand after an initial year-over-year increase, indicating customer caution in recent months.
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