🎣 Port Strike Suspended
Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
August PMI shows manufacturing still contracting. Production plummets to lowest level since May 2020 as demand weakens and inventories rise. But there may be relief moving into the holiday season.
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.
Ohio faces a hiring hurdle as new semiconductor and EV plants spark a manufacturing boom, intensifying the hunt for skilled workers.
Lion Electric cuts 10% of its workforce amid industry-wide layoffs due to slow EV demand and economic challenges.
U.S. manufacturing construction hits $206B, with electronics, particularly semiconductors, leading at $113B annually post-CHIPS Act.
As geopolitical tensions rise, the defense sector's production mirrors a world bracing for conflict. U.S. and Germany ramp up arms production.
Key players FedEx and UPS announce new automation partnerships, furthering the conversation on how advanced tech influences worker negotiations.
Which American manufacturing sectors are most vulnerable to China's economic slowdown? Two charts, key industries, and their implications in this analysis from Jason Miller.
American manufacturing is making a comeback, but it's not all smooth sailing. As domestic production grows, what's the impact of more active labor unions and strikes?
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