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Manufacturing 2025: FRIEDRICH, KAI
Friedrich joined Liebherr’s U.S. operations in 2021 as its managing director. In February, the Swiss equipment manufacturer announced Hirohito Imakoji has also been named a managing director of Liebherr USA and that he will work jointly with Friedrich, who is also the company’s managing director and divisional director of earthmoving and material handling technology. Out […]
Manufacturing 2025: JAIN, PRABHAT
Jain has been CEO of Virginia Transformer, the continent’s largest U.S.-owned power transformer manufacturer, since 1982 — 14 years after he arrived from India, mechanical engineering degree in hand. Over the past four decades, he has grown the company from 35 employees to more than 2,700 across six plants. Jain started as a machine shop […]
Mining company partners with Virginia Tech on rare earths plant
Aclara plans to invest $10 million on rare earths separation pilot plant at Virginia Tech to boost U.S. supply chain
Phlow raises $37M in Series C round
Richmond-based pharmaceutical manufacturing company Phlow announced Tuesday that it had secured $37 million in a capital raise.
Reshoring manufacturing is one of President Donald Trump’s priorities
President Donald Trump wants manufacturing jobs to return to the U.S., but it's not as simple as that, experts say
Vaughan-Bassett sees strong domestic demand despite China tariff easing
Doug Bassett, president of Galax-based Vaughan-Bassett Furniture, said the recent developments and the ongoing uncertainty around trade are having a positive impact on the company’s business because it lacks much direct exposure to China in their supply chain.
Saddle Creek Logistics to lay off 54 Richmond employees
Florida-based Saddle Creek Logistics Services plans to lay off 54 employees at its Richmond location in July 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.
Tariffs spark uncertainty for Virginia port and shippers
Shipping and logistics companies and related maritime industries worry about the impacts of President Trump's global trade war and international tariffs. In a worst-case scenario, long-term tariffs on imports and exports would have a cascading effect, accumulating downstream across the economy, economists say.
New logistics centers boost Virginia’s supply chain edge
Four major logistics hubs, including Amazon and Port 460, open across Virginia in 2024, enhancing East Coast distribution and supply chain access.
Executive insights: Maritime leaders on tariffs, workforce development and more
DONALD MILLS President and general manager, Mills Marine & Ship Repair, Suffolk Virginia Business: How did you move from being employed at Huntington Ingalls Industries and Newport News Shipbuilding to starting your own business? Mills: At HII, I gained extensive hands-on experience, comprehensive industry insights and valuable professional relationships. This tenure taught me critical technic[...]
Amazon holds grand opening for Virginia Beach delivery station
Amazon on Tuesday announced that it had officially opened its new 200,000-plus square-foot delivery station in Virginia Beach. The facility, located at 2201 Harpers Rd, is Amazon’s 17th delivery station in Virginia and the sixth site in Hampton Roads
