$2.2 billion grants allocated to local infrastructure projects
New bridges, roads, bike lanes, railways, and ports are expected to be born from the $2.2 billion in government grants bestowed by the U.S. Department of Transportation. The previous year, only about half that amount was awarded. This influx comes on the heels of the $1 trillion infrastructure bill pushed through by President Joe Biden.
America’s transportation systems have been in need of a face-lift - two large projects being funded are highways in Phoenix and Tucson; two of the largest and quickest-growing areas of the nation. Texas and Kansas will also be using some of the grant money for better hiking and trail development.
Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.
The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.
Big news in the world of engineering and transportation: the collapse of Baltimore's Francis Scott Key Bridge has experts pointing fingers at structural failures.
The Francis Scott Key Bridge near Baltimore collapsed early Tuesday morning after a huge container ship hit one of its pillars.
in a recent development, BlackRock, the world's largest asset manager, is challenging Texas' move to pull out about $8.5 billion from the Texas Permanent School Fund (PSF), alleging it's a boycott against energy companies.
The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.
Federal officials have turned down Alaska's multi-year transportation plan, risking delays in summer construction and jeopardizing billions in federal grants.
The Biden administration is injecting $623 million into the nation's electric vehicle charging network, with a focus on disadvantaged communities and freight trucks.
In 2020, the aerospace industry faced a significant upheaval due to the COVID-19 pandemic, resulting in a sharp decline in travel demand, plummeting aircraft orders, and a major impact on aerospace suppliers.
The federal government plans to allocate over $16 billion to enhance the Northeast Corridor, the busiest rail line in the country, connecting cities like Washington, New York, and Boston.
Automakers are investing heavily in electric vehicles (EVs), but surveys show that Americans are hesitant to adopt them, largely due to concerns about charging infrastructure.
The growing importance of critical minerals for green energy, defense systems, and high-tech applications, coupled with supply chain vulnerabilities, is driving increased attention to diversify and secure these supply chains.
The global shift towards supply chain localization and reshoring is gaining momentum as geopolitical tensions, trade issues, energy security concerns, and the pandemic have exposed vulnerabilities in the global supply chain system.
Three major truck and engine manufacturers, including Accelera by Cummins, Daimler Trucks & Buses US Holding LLC, and Paccar, have initiated a joint venture worth an estimated $2 to $3 billion to produce battery cells in the United States.
According to the U.S. Fashion Industry Association's latest industry survey, nearly 80% of fashion executives intend to decrease their sourcing from China over the next two years.
Tesla is planning to revolutionize the charging infrastructure for its fully electric long-haul trucks in the US.
The Arizona Legislature approved a bill allowing Maricopa County to hold a transportation tax election in the coming year.
In their commentary published in The Baltimore Sun, Samuel Jordan, Eric Norton, and Michael Scepaniak criticize Baltimore's new regional transportation plan, Resilience 2050, for perpetuating an automobile-centric approach.
The construction industry in America is facing an acute labor shortage of approximately 650,000 workers, which is slowing down the completion of various projects, from residential homes to infrastructure and hospitals.
Volvo Trucks North America is recalling 63,095 trucks in the U.S. and Canada due to a potential issue with the windshield wiper motor.
Rocky Mountain Chocolate Factory is ahead of its cost-savings schedule, successfully reducing expenses through improved inventory management and demand planning.
Auto parts manufacturer Hota Industrial Manufacturing is planning to invest $72 million in setting up a facility in Santa Teresa, New Mexico.
United Auto Workers (UAW) President Shawn Fain is leading the union with a new, politically savvy strategy in contract negotiations with Detroit automakers.
China's trade outlook is dim as exports experienced a significant drop for the second consecutive month, falling 12.4% in June compared to the previous year.
China's recent decision to impose export controls on gallium and germanium, key metals used in advanced technologies, demonstrates the country's ability to retaliate against the US, Japan, and Europe's efforts to limit China's access to technology.
The Pentagon has started utilizing the $600 million Defense Production Act funding allocated from the $40 billion Ukraine aid package.
Airbus forecasts that over the next 20 years, approximately 40,850 new jets will be delivered by aircraft manufacturers as airlines expand their fleets and replace older planes with more fuel-efficient models, with Asia being a significant driver of this growth.
General Motors (GM) has revealed its plan to invest $632 million in an Indiana plant for the production of the next generation of full-size pickup trucks.
The FBI is investigating the catastrophic collapse of Baltimore's Francis Scott Key Bridge, focusing on the events that led up to the incident and whether federal laws were adhered to.