🎣 Sunny Ahead? Freight Market Outlook
Uber Freight's new program draws scrutiny, ILA negotiations hit a wall, and FMCSA's Operation Protect Your Load takes aim at unlawful freight brokerages.
Hostess, famous for Twinkies, gets a sweet deal as J.M. Smucker acquires it for $5.6 billion.
U.S. manufacturing boom spurred by recent laws promises up to 250,000 new jobs over two years
Global manufacturers, led by insights from Lectra, are realigning their operations closer to American markets for better efficiency and control.
Beijing warns economists to avoid discussing negative economic outlook after post-COVID recovery fizzles. FDI drops by $100 billion.
S&P Global's manufacturing activity index reflects slow global growth in July 2023, with significant contraction in Europe and relative stability in the Americas.
As per Instawork's data, the US supply chain is experiencing a recovery, with west coast manufacturers at the forefront of this trend.
NextDecade Corp pushes forward with its massive LNG export terminal project at the Port of Brownsville, aiming to transform South Texas's trade dynamics.
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.
China's Tech Leverage in the Global Supply Chain China has set export restrictions on two minerals, gallium and
PM Narendra Modi's US state visit seeks to bolster India's role as a manufacturing alternative to China. New deals, including Tesla's promised investment and approval for military engine production, underpin India's growing economic importance.
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.
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