Government, Business, Technology, Fuel, Autonomous, TCA

Texas County Gives Thumbs Up to Tesla Factory Tax Break

The Tesla company logo is seen on teh rear deck of an unsold 2020 Model X at a dealership. The Tesla company logo is seen on the rear deck of an unsold 2020 Model X at a dealership in Colorado on April 26. (David Zalubowski/Associated Press)

The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested.

Bob Sechler | Austin American-Statesman
July 15, 2020

Capital-Equipment Orders Rise in Sign of Resilient Demand

Patrick T. Fallon/Bloomberg News

Orders placed with U.S. factories for business equipment rebounded in April even as the prior month’s figure was revised downward, indicating resilient demand at the start of the second quarter, Commerce Department figures showed May 25.

Shobhana Chandra | Bloomberg News
May 25, 2018

Factory Production Shows Broad-Based Gain Outside Autos

Getty Images

U.S. factory production regained its footing in April to push capacity utilization to the highest since 2015, indicating the industry will support economic growth this quarter, Federal Reserve data showed Mahy 16.

Shobhana Chandra | Bloomberg News
May 16, 2018

American Factories Struggle to Increase Productivity

Getty Images

The United States has added 1.2 million jobs in manufacturing over the past eight years. Before you cheer for the revival of American manufacturing, consider the reason for all that job growth: abysmal productivity performance.

Peter Coy | Bloomberg News
May 9, 2018
Government, Business

US Factory Managers Concerned About Effects of Trump’s Tariffs

Bryan Mitchell/Bloomberg News

Very concerning. Two products eliminated. Commodity prices rising. Business planning “is at a standstill.” That’s what a few American manufacturers said they’re facing as the Trump administration weighs tariffs on imported metals and Chinese products, creating uncertainty for companies that by most other accounts are going gangbusters.

May 1, 2018

Factory Output Cools After Surging in Previous Month

Paul Taggart/Bloomberg News

U.S. factory production cooled in March after surging a month earlier, representing a pause in an otherwise strong manufacturing sector, Federal Reserve data showed April 17.

Katia Dmitrieva | Bloomberg News
April 17, 2018

Factory Gains Cool as Inflation in Raw Materials Picks Up

Meg Roussos/Bloomberg News

U.S. factories expanded at a slightly slower pace in March, and a measure of raw-material prices hit an almost seven-year high, as manufacturers struggled to keep up with demand, data from the Institute for Supply Management showed April 2.

April 2, 2018

Factory Output Rebounds in February and Exceeds Estimates

Luke Sharrett/Bloomberg News;

U.S. factory production bounced back in February, far exceeding analyst estimates and showing a key part of the economy is on track for steady growth this quarter, Federal Reserve data showed March 16.

Christopher Condon | Bloomberg News
March 16, 2018
Business, Equipment, TCA

Morgan Truck Body to Open $19 Million Connecticut Factory

Morgan Truck Body

The Connecticut Bond Commission on Feb. 16 approved a $4 million loan to Morgan Truck Body, which builds dry freight and refrigerated truck bodies for companies throughout the country. The company plans to construct a $19 million manufacturing plant that is expected to create more than 100 new jobs, according to bond commission minutes.

John Penney | Norwich (Conn.) Bulletin
February 20, 2018

Manufacturing Expands at Healthy Pace on Production Surge

Leila Navidi/Minneapolis Star Tribune/TNS

U.S. manufacturing expanded at a robust pace in November amid a burst of production and rising orders that signal durable gains in the industry, figures from the Institute for Supply Management showed Dec. 1.

December 1, 2017