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Rising fuel costs provide new growth opportunities
- Article from:
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Toledo Business Journal
- Article date:
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July 1, 2008
- Author:
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Copyright informationCopyright Telex Communications, Inc. Jul 2008. Provided by ProQuest LLC. (Hide copyright information)
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The June 13th issue of The Wall Street Journal ran a front-page story titled, Stung by Soaring Transport Costs, Factories Bring jobs Home Again. The article reviewed the issue of rising fuel costs and actions being taken by US manufacturers to bring production facilities back to this country and freeze plans to send even more work overseas.
Northwest Ohio and southeast Michigan have seen production facilities close and jobs transferred to foreign operations for more than a decade. Rising fuel costs are causing manufacturers around the region to reassess plans for moving future production offshore. The drastic change in transportation costs is also causing many area manufacturers to examine ...