Amid escalating trade tensions, some Chinese exporters are ditching shipments mid-voyage and surrendering containers to shipping companies to avoid crushing tariff costs.
NEWS BRIEFS
April 09
18:17
2025
Aerospace fastener manufacturer joins Lockheed Martin to shape the future of manufacturing.
April 09
17:51
2025
New Executive VP joined ASF in January 2025 from Fastenal, where he worked for 17 years, including the past 11 years as VP.
April 09
11:35
2025
“Major improvements (produce)... a modern, agile, and efficient facility, perfectly aligned with our operational excellence standards.”
April 08
19:59
2025
“Tariff/trade war headlines continue to dominate the news cycle and lead to anxiety over rising recession risk.”
April 07
16:31
2025
“Reciprocal” tariffs do not apply to the company’s fastener and wire products, which are subject to a 232 tariff of 25% announced in March.
April 03
16:56
2025
Features military-spec fasteners, advanced RFID technology for real-time inventory monitoring, and a powerful product locator.
April 03
16:40
2025
New hire brings “national expertise and deep industry knowledge” to the position, according to AFC Industries.
April 02
17:59
2025
35-year fastener industry veteran has worked for Würth Industry North America and Supply Technologies.
April 02
16:14
2025
U.S. President Donald Trump imposed steep 'reciprocal' tariff rates, including 34% on China, 32% on Taiwan, 46% on Vietnam, 25% on South Korea, 24% on Japan, and 20% on the EU.
April 02
15:51
2025
Conservationist, geophysicist and mountaineer Pasquale Scaturro to keynote the 2025 Specialty Tools & Fasteners Distributors Association convention.
April 01
18:22
2025
In the final quarter of 2024, fastener segment sales fell 40%, led by a 44% drop in sales to automotive customers.
March 31
17:48
2025
Howmet Aerospace recorded the highest FINdex gain at 18.6%, driven by fresh demand as top aerospace companies scramble to replace capacity destroyed when a fire gutted an SPS Technologies factory in February.
March 31
12:05
2025
“The tariffs have set off a hunt to find domestic supplies of some of manufacturing’s smallest components,” the Wall Street Journal reports.
March 27
12:30
2025
“Like Optimas, all suppliers must take action to minimize or eliminate tariffs within your supply chain,” the fastener manufacturer stated.
March 25
15:24
2025
GM Chase Watson: “This space gives us the room to better organize and scale our shipping, assembly, and manufacturing operations.”
March 25
11:55
2025
Decision to open second headquarters in Plano, TX, driven by region’s strong labor market and proximity to Simpson’s nearby factory.
March 24
16:58
2025
After 37 years, Brainard Rivet Co. GM Joseph “Joe” Lamanna is retiring.
March 21
14:35
2025
Würth Industry North America will pay $42.5 million for a distribution center in Columbus, OH, previously owned by MSC Industrial Supply.
March 20
14:24
2025
Aerospace supplier TriMas appoints current board member after CFO Scott Mell left the aerospace supplier.
