In the latest episode of "The Freight Caviar Podcast", we sit down with Andy Hedrick, CEO of Green Path Tech. He shares insights on how your business can be more sustainable, and talks about their fuel-saving technology.
Promising growth in the U.S. manufacturing sector is on the horizon, with thanks going to the Biden administration's signature bills: the Inflation Reduction Act and the CHIPS and Science Act. Goldman Sachs projects:
New Jobs: Between 200,000 to 250,000 over the next two years.
Historical Data: Every $1 million increase in manufacturing construction spending traditionally creates nine jobs.
Projected Spending: Estimated at around $65 billion over the next two years.
Significantly, Arizona stands out, with around one-third of the total private investment planned here, a nod to significant commitments from giants like TSMC and Intel.
In the midst of rising inflation and economic uncertainties, #industrial markets across the country posted sluggish figures compared to one year ago. The #manufacturing sector and #nearshoring efforts will drive demand in the coming quarters.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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?
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