Tag: boom

  • The American employment boom is leaving factory workers behind

    The American employment boom is leaving factory workers behind

    Dan Ariens had to make some tough decisions last summer when sales slumped at his company, well-known for its bright orange snow blowers and lawnmowers sold globally. He laid off workers, reduced shifts, and stopped hiring almost altogether. Employee count dropped by 20% to 1,600, with no expected improvement until 2025. The situation at Ariens…

  • China’s EV export boom fuels surge in demand for new car-carrying ships

    China’s EV export boom fuels surge in demand for new car-carrying ships

    BEIJING/SHANGHAI — Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world’s fourth-largest fleet by 2028. China currently has the world’s eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has…