Back in November 2017, economists were confident that manufacturing was about to come roaring back in the U.S. after decades of decline. Now new analysis is painting a more modest, yet still optimistic picture of the state of American manufacturing in 2018. Jobs Down, Efficiency Up American manufacturing hit an all-time high in 1979. Back …
During his State of the Union address on January 30, President Trump announced a $1.5 trillion proposal to fix “crumbling infrastructure.” His comments came just two days before the American Road & Transportation Builders Association (ARTBA) reported that 54,259 of the nation’s bridges are “structurally deficient.” It’s clear that something needs to be done. …
The dawn of autonomous vehicles has set the trucking and distribution industries abuzz. And now a new technology is about to hit the scene, one with the potential to slash the practical and environmental costs of hauling freight: the electric semi. A Big Announcement In November of 2017, Tesla CEO Elon Musk announced specs for …
On January 22, the Trump administration shook up the U.S. solar industry. The administration announced a 30% tariff on solar panels manufactured overseas. According to CNBC, “A 30 percent tariff would be applied to imported solar modules and cells in the first year. In the subsequent three years, that number would decrease to 25 percent, …
President Trump signed a massive $1.5 trillion tax bill into law on December 22. One of the promises of the new law was to make America a destination for manufacturing, and to encourage businesses to relocate overseas production back to the United States. So how have these tax changes affected American manufacturing so far? Uneven …
The manufacturing industry started adding jobs in 2010. This came as a surprise to many economy watchers who’d declared America’s manufacturing sector defunct. Higher costs associated with labor and transporting goods are spurring some companies to move overseas production back to the U.S. “Every week we’re hearing about a new company building a plant in the …
The death of American manufacturing has been greatly exaggerated. The Bureau of Labor Statistics posted the most recent job numbers on November 3. There were some surprise numbers for the manufacturing industry. Almost all regions of the country showed increased momentum in the industrial sector. Factories added 74,000 workers in October, or the most in …
As I mentioned in my previous post about the 2017 hurricane season, Hurricane Maria did between $45 and $95 billion in damage to the island of Puerto Rico. This damage hit the island’s manufacturing industry as hard as the rest of the economy. Pharmaceuticals and medical devices are Puerto Rico’s leading exports. Because of this, healthcare …
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