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As part of an ongoing celebration of its 85th anniversary, lift truck manufacturer Raymond Corp. dedicated its new manufacturing plant in Muscatine, Iowa, in September. The event highlighted the new production equipment installed at the plant, which will see further equipment investments into next summer. The Muscatine plant is dedicated to the manufacture of walkie, end rider, and center rider pallet trucks. Raymond, now part of Toyota Industries North America, has benefited greatly from the adoption of the Toyota Production System, which has caused productivity at the plant to soar by 20 percent over the last two years. … Mallard Manufacturing, a Sterling, Ill.-based maker of carton-flow and pallet-flow products, has been purchased by Kevin Risch and Mike Gunderson, two industry veterans. Risch will serve as president and Gunderson as executive vice president. … Due to rising demand, Cathay Pacific Cargo has increased its freighter service between Hong Kong, Dallas-Fort Worth, and Atlanta from four times a week to once daily. … The Conveyor Equipment Manufacturers Association (CEMA) reports that overall industry orders for the first six months of 2007 increased 11.1 percent compared to the first half of 2006. Overall, orders totaled $4.1 billion, with about $4.0 billion worth of product shipped during that period. … Intelligrated has opened a new sales office in Orlando, Fla. Walt Gurzenski, who has joined the company as sales engineer, will be responsible for serving customers in the new office. ... RedPrairie is expanding its two U.S. data centers to support growth in its software-as-a-service business. The company is partnering with SAVVIS, an IT infrastructure services company, to support the hosting business. … West Motor Freight of PA has acquired the assets of Sanger Trucking, headquartered in Fredericksburg, Pa. Forty tractors will be added to West's fleet, bringing the total to 275 tractors. West provides flatbed and van service to shippers in the Northeast and Midwest. … SEKO has moved its office in Louisville, Ky., to a new facility near the Louisville International Airport. … Doosan Infracore, a manufacturer of yard and warehouse lift equipment, is acquiring several businesses from Ingersoll-Rand, including the Bobcat compact construction equipment line. … Menlo Worldwide (Con-way) has expanded its reach into China with the purchase of Chic Holdings and its subsidiaries Shanghai Chic Logistics and Shanghai Supply Chain Management. Chic Holdings is a provider of third-party services operating from 130 sites in 78 cities within China. … Glacier Computer has been named to Inc. magazine's list of the 5,000 fastest-growing private companies. The mobile computer manufacturer was ranked 3,565th on the list. … CTSI, a provider of supply chain information services, is opening three new international offices in Limerick, Ireland; Chennai, India; and Xiamen, China. The company also has plans to open offices in Mexico, Brazil, Venezuela, Panama, and Colombia.

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Overhaul lands $55 million backing for risk management tools

The supply chain risk management firm Overhaul has landed $55 million in backing, saying the financing will fuel its advancements in artificial intelligence and support its strategic acquisition roadmap.

The equity funding round comes from the private equity firm Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. As part of the investment, Springcoast’s Chris Dederick and Holger Staude will join Overhaul’s board of directors.

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Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

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East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

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Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

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DHL: small businesses wary of uncertain times in 2025

As U.S. small and medium-sized enterprises (SMEs) face an uncertain business landscape in 2025, a substantial majority (67%) expect positive growth in the new year compared to 2024, according to a survey from DHL.

However, the survey also showed that businesses could face a rocky road to reach that goal, as they navigate a complex environment of regulatory/policy shifts and global market volatility. Both those issues were cited as top challenges by 36% of respondents, followed by staffing/talent retention (11%) and digital threats and cyber attacks (2%).

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