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manufacturing

FILE - Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File)
May 6, 2025

US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

U.S. trade deficit surged to a record $140.5B in March as businesses raced to import goods ahead of sweeping Trump tariffs, dragging on GDP growth.

RiverFront Investment Group's Kevin Nicholson (L) and Federal Reserve Bank of Richmond President and CEO Tom Barkin spoke about economic conditions during the RVA Big Dipper Innovation Summit in Richmond on April 22, 2025. Photo courtesy JMI.
Apr 22, 2025

Tariffs, policy shifts cloud economic outlook, Barkin says

Richmond Fed President Tom Barkin says U.S. economy looks solid by data, but tariff policies and uncertainty are clouding forecasts and business confidence.

Apr 21, 2025

Volvo to lay off 250-350 workers in Pulaski

Volvo plans to lay off 250 to 350 workers at its Pulaski County facility in June, according to John Mies, a spokesperson for Volvo Group North America. Between 300 and 450 employees will also be laid off at the company’s Mack Trucks Lehigh Valley Operations in Pennsylvania and at its Volvo Group Powertrain Operations in […]

Apr 15, 2025

Integer to expand operations in Salem, adding 83 jobs

Gov. Glenn Youngkin announced Tuesday that global medical contract developer and manufacturing company Integer Holdings is expanding its operations in Salem, creating 83 jobs. A news release from the governor says the company plans to make a “significant investment” over the next five years to expand its operations at 200 S. Yorkshire St., but did […]

An aerial view of the Boar's Head processing plant that was tied to a deadly food poisoning outbreak Aug. 29 in Jarratt. Photo courtesy AP Photo/Steve Helber
Apr 10, 2025

Boar’s Head agrees to $3.1M settlement tied to recalled meat products

Boar’s Head Provisions’ recall of 7 million pounds of deli meat due to a deadly listeria outbreak last year, which put 60 people in the hospital and killed 10 others, has resulted in a class action lawsuit and a proposed $3.1 million settlement. The July 2024 outbreak originated at Boar’s Head meat production facility in […]

Apr 9, 2025

North Carolina furniture manufacturer: Business is great; Trump’s tariffs are one reason

HIGH POINT — Last fall, Chris Morris saw an opportunity in residential upholstery manufacturing and decided to revise his business strategy to accommodate it. With an eye on upholstery manufacturers seeking out a domestic, private-label partner, Morris created a plan to increase production for residential upholstery at his Vision Contract Manufacturing factory in High Point. Less than [&hellip[...]

A worker pins blue upholstery to a chair
Apr 4, 2025

Vaughan-Bassett touts made-in-America inventory, vows no immediate price increases in wake of tariffs

Made-in-America bedroom and dining furniture manufacturer Vaughan-Bassett, which is headquartered in Galax, sent a letter to dealers and sales reps Thursday morning announcing no price increases for 120 days and discounts on certain items in wake of the tariffs announced Wednesday. “Given the great uncertainty created in the home furnishings marketplace as significant tariffs will […]

FILE - A motorist charges his electric vehicle at a Tesla Supercharger station in Detroit, Nov. 16, 2022. (AP Photo/Paul Sancya, File)
Apr 4, 2025

US electric vehicle industry is collateral damage in Trump’s escalating trade war

DETROIT (AP) — President Donald Trump‘s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk. Here’s what consumers should know about the impact of tariffs on electric vehicles. Where does EV adoption stand in the U.S.? […]

A manufacturing facility.
Apr 2, 2025

US manufacturing worsens in March

TEMPE, Ariz. — U.S. manufacturing output contracted in March after two months of growth, which were preceded by 26 straight months of contraction. The Institute for Supply Management, which polls manufacturers, issued a monthly index of 49% for March, down 1.3 points from February. Any number below 50 indicates contraction. “In March, U.S. manufacturing activity […]

Barbara Melvin, president and CEO of S.C. Ports, dedicates the expansion of Inland Port Greer, backed by (l-r) S.C. Transportation Secretary Justin P. Powell; Director of Inland Ports Mike Hoffman; and Ed Stehmeyer, general manager of projects and design for S.C. Ports; and (Photo/Ross Norton)
Apr 2, 2025

Could Hyundai be the Port of Charleston’s next big export customer?

The largest development project in Georgia history is open for business and there could be something in it for South Carolina, too, says the president and CEO of the Palmetto State’s port system. Hyundai Motor Group Metaplant America on March 26 celebrated the official opening of a plant that will produce Hyundai, Kia and Genesis vehicles […]

Apr 2, 2025

Trump is set to announce ‘reciprocal’ tariffs in a risky move that could reshape the economy

WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set on Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike. The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other countries for what he says are […]

Mar 31, 2025

Pharma hub workforce training wins $3.9 million grant

The talent pipeline for the Richmond-Petersburg region’s growing advanced pharmaceutical manufacturing and biotech industries is getting a boost from a $3.9 million federal grant. Announced in mid-January, the U.S. Economic Development Administration’s Good Jobs Challenge grant was awarded to the Community College Workforce Alliance in Disputanta, a shared division of Brightpoint and [...]

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