Manufacturing

Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019.  The majority of those vehicles – 1.37 million – were shipped north across the border to the United States, according to data recently released by Mexico’s Asociacion Mexicana de la Industria Automotriz (AMIA).  “The United States remains, without a […]

RF Controls has a passive RFID tag solution that provides precise location tracking of tagged items over long distances that also works without batteries.

It may have gotten lost in the United States’ trade war with China and immigration battle with Mexico, but President Donald Trump’s steep tariffs on all imported steel and aluminum were lifted on May 17. With the change in the Trump Administration’s policy, Canada and Mexico received a reprieve on steel and aluminum coming from […]

The economic roundup summarizes recent developments in the macroeconomy as they relate to freight demand, and highlights key trends worth watching in the upcoming month.

Volvo Trucks has announced a $400M investment and expansion of the plant that will add 777 jobs over the next six years.

The numbers of robots in use around the world is forecast to reach 20 million by 2030…. automation is also forecast to displace tens of millions of people from their jobs.

Retail and industrial activity improved, providing some stability for freight Economic data from the goods side of the economy showed some signs of life in May, as growth in retail sales and industrial production exceeded expectations during the month. This is an encouraging sign that activity may be stabilizing in the second quarter, though details […]

The monthly economic roundup summarizes key results in the economy over the past month and highlights trends worth watching

Tesla (NASDAQ: TSLA) is simply not investing enough cash back into its business in the form of capital expenditures to construct the production lines and build out the service infrastructure necessary for the large-scale manufacturing of commercial vehicles. The Palo Alto-based automaker has a history of over-promising and under-delivering on new vehicle deliveries, production schedules, […]

Fiat Chrysler submitted a proposal for a merger with French automaker Renault to create a preeminent global automotive group.

Manufacturers’ new orders for durable goods declined in April, and details suggest more trouble ahead for freight demand in the economy

Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.

Chillicothe has a long history in the state, but in the past 45 years, it is the local Kenworth factory that has become an identifying centerpiece of this central Ohio town.

Kenworth will increase the size its Chillicothe, Ohio, manufacturing plant by nearly 25 percent once a new paint facility comes online in early 2021, the company said at a groundbreaking for the $140-million, 120,000-square-foot building.

Waymo is setting up the world’s first production facility in Detroit that manufactures Level 4 autonomous vehicles.

Industrial output in the economy continued to struggle in March, as a stalled manufacturing sector continues to weigh on freight demand in the economy.

Fast Radius, a leading manufacturing technology company, has announced its Series B financing round of $48 million led by UPS, with strong insider participation from Drive Capital.

The monthly economic roundup summarizes key developments in the macroeconomy over the past month and highlights trends worth watching headed into April.

Volkswagen partners with Amazon Web Services, to streamline data coming from its different manufacturing and logistics processes, and create actionable information to improve production flexibility and increase vehicle quality.

Manufacturing numbers are not looking as robust after a booming early 2018. The flatbed freight market may be in line for a big correction as well.