Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Global manufacturers, led by insights from Lectra, are realigning their operations closer to American markets for better efficiency and control.
Global manufacturers are increasingly favoring the Americas over Asia when considering the cost and risk profiles of their supply chains. Observing this trend, Lectra, an industrial intelligence solutions provider, notes that brands aim to be closer to their North American consumers. An illustrative case is that of Mexico City-based Preslow. Once heavily reliant on Asian manufacturing, Preslow is now shifting production back to Mexico. Before 2020, Preslow manufactured 40% of its outerwear overseas; this has now shrunk to 20%. The proximity to end markets, as Lectra points out, not only saves costs but also provides the advantage of production flexibility. To cater to this shift, Lectra opened a new production facility in Tolland, Connecticut.
Who is the next China, the future of low cost, high quality manufacturing? India (for Asia/Europe/AUS markets) and Mexico (for the Americas markets).
— StartShare.app (@startshareapp) July 22, 2023
China's Tech Leverage in the Global Supply Chain China has set export restrictions on two minerals, gallium and germanium, vital
The South is transforming into the US's new industrial heartland, with investments pouring into sectors such as EV battery production.
In an earlier newsletter, FreightCaviar wrote about a WSJ report on the unraveling of the US and China trade relationship.
NextDecade Corp pushes forward with its massive LNG export terminal project at the Port of Brownsville, aiming to transform South Texas's trade dynamics.
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