There's a direct correlation between the editorial standards here at DC VELOCITY and those maintained by Cronkite during his 18 years at the anchor desk for the CBS Evening News.
John Johnson joined the DC Velocity team in March 2004. A veteran business journalist, John has over a dozen years of experience covering the supply chain field, including time as chief editor of Warehousing Management. In addition, he has covered the venture capital community and previously was a sports reporter covering professional and collegiate sports in the Boston area. John served as senior editor and chief editor of DC Velocity until April 2008.
Since DC VELOCITY was launched in 2003, this page has been filled by the carefully crafted prose of Chief Editor Peter Bradley. With the introduction of our new journal, CSCMP's Supply Chain Quarterly, the editorial responsibilities for DC VELOCITY have been shifted.
So as I prepare to become the gatekeeper for DC VELOCITY's editorial content, the timing was perfect to hear from one of our country's most pre-eminent journalists—the legendary Walter Cronkite. As I listened to Cronkite speak during the keynote session at RedPrairie's user conference last month, I realized that there was a direct correlation between the editorial standards here at DCV and those maintained by Cronkite during his 18 years at the anchor desk for the CBS Evening News.
Cronkite's commentary defined issues and events in America for almost two decades. He made his name by delivering the news in an honest and trustworthy fashion. He holds integrity in the highest regard, and refers to honesty as the "bedrock" of journalistic success. If that element isn't there, "the journalist will disappear quickly," says Cronkite, who retired from the Evening News in 1981. Here at DC VELOCITY, we promise not to waver from Cronkite's "bedrock" standards.
Cronkite says the most difficult moment in his broadcasting career was delivering the news that John F. Kennedy had been killed in 1963. It was the first time an assassination had been covered on live TV, and Cronkite was clearly moved when he delivered the sad news that day. On other topics, he staunchly opposes the war in Iraq, as he did the Vietnam War, and he's captivated by the United States' travels to space. He is still upset with NASA for not allowing him to do a news broadcast from space.
I'll opt to do my reporting from the home office and from the various industry events where we gather so much of our news. As journalists covering logistics and the supply chain, we typically don't have to deliver the sobering and world-impacting news that Cronkite brought to his viewers each night. Just the same, we recognize that the information we provide is crucial to our readers' ability to perform their jobs and make their companies more efficient. We take that responsibility seriously, as evidenced by this month's cover story on the logistics challenges of delivering combat rations to our troops in Iraq.
In less than five years we've become the industry leader in bringing you compelling and cutting-edge editorial by adhering to Cronkite's "bedrock" standard.
Motion Industries Inc., a Birmingham, Alabama, distributor of maintenance, repair and operation (MRO) replacement parts and industrial technology solutions, has agreed to acquire International Conveyor and Rubber (ICR) for its seventh acquisition of the year, the firms said today.
ICR is a Blairsville, Pennsylvania-based company with 150 employees that offers sales, installation, repair, and maintenance of conveyor belts, as well as engineering and design services for custom solutions.
From its seven locations, ICR serves customers in the sectors of mining and aggregates, power generation, oil and gas, construction, steel, building materials manufacturing, package handling and distribution, wood/pulp/paper, cement and asphalt, recycling and marine terminals. In a statement, Kory Krinock, one of ICR’s owner-operators, said the deal would enhance the company’s services and customer value proposition while also contributing to Motion’s growth.
“ICR is highly complementary to Motion, adding seven strategic locations that expand our reach,” James Howe, president of Motion Industries, said in a release. “ICR introduces new customers and end markets, allowing us to broaden our offerings. We are thrilled to welcome the highly talented ICR employees to the Motion team, including Kory and the other owner-operators, who will continue to play an integral role in the business.”
Terms of the agreement were not disclosed. But the deal marks the latest expansion by Motion Industries, which has been on an acquisition roll during 2024, buying up: hydraulic provider Stoney Creek Hydraulics, industrial products distributor LSI Supply Inc., electrical and automation firm Allied Circuits, automotive supplier Motor Parts & Equipment Corporation (MPEC), and both Perfetto Manufacturing and SER Hydraulics.
The move delivers on its August announcement of a fleet renewal plan that will allow the company to proceed on its path to decarbonization, according to a statement from Anda Cristescu, Head of Chartering & Newbuilding at Maersk.
The first vessels will be delivered in 2028, and the last delivery will take place in 2030, enabling a total capacity to haul 300,000 twenty foot equivalent units (TEU) using lower emissions fuel. The new vessels will be built in sizes from 9,000 to 17,000 TEU each, allowing them to fill various roles and functions within the company’s future network.
In the meantime, the company will also proceed with its plan to charter a range of methanol and liquified gas dual-fuel vessels totaling 500,000 TEU capacity, replacing existing capacity. Maersk has now finalized these charter contracts across several tonnage providers, the company said.
The shipyards now contracted to build the vessels are: Yangzijiang Shipbuilding and New Times Shipbuilding—both in China—and Hanwha Ocean in South Korea.
Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.
“Evolving tariffs and trade policies are one of a number of complex issues requiring organizations to build more resilience into their supply chains through compliance, technology and strategic planning,” Jackson Wood, Director, Industry Strategy at Descartes, said in a release. “With the potential for the incoming U.S. administration to impose new and additional tariffs on a wide variety of goods and countries of origin, U.S. importers may need to significantly re-engineer their sourcing strategies to mitigate potentially higher costs.”
The New Hampshire-based cargo terminal orchestration technology vendor Lynxis LLC today said it has acquired Tedivo LLC, a provider of software to visualize and streamline vessel operations at marine terminals.
According to Lynxis, the deal strengthens its digitalization offerings for the global maritime industry, empowering shipping lines and terminal operators to drastically reduce vessel departure delays, mis-stowed containers and unsafe stowage conditions aboard cargo ships.
Terms of the deal were not disclosed.
More specifically, the move will enable key stakeholders to simplify stowage planning, improve data visualization, and optimize vessel operations to reduce costly delays, Lynxis CEO Larry Cuddy Jr. said in a release.
German third party logistics provider (3PL) Arvato has agreed to acquire ATC Computer Transport & Logistics, an Irish company that provides specialized transport, logistics, and technical services for hyperscale data center operators, high-tech freight forwarders, and original equipment manufacturers, the company said today.
The acquisition aims to unlock new opportunities in the rapidly expanding data center services market by combining the complementary strengths of both companies.
According to Arvato, the merger will create a comprehensive portfolio of solutions for the entire data center lifecycle. ATC Computer Transport & Logistics brings a robust European network covering the major data center hubs, while Arvato expands this through its extensive global footprint.