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MHEDA, the Material Handling Equipment Distributors Association, has released a new book, Objective Based Selling. Written by Gary Moore, the book is designed to help distributors with their sales efforts. Contact MHEDA for more information (www.mheda.org). … Saddle Creek Transportation has completed the installation of wireless communications systems in its fleet of trucks nationwide. The new systems provide instant access to vehicle, driver, and load information. … Toyota Material Handling donated lift trucks and funds to the American Red Cross for use in relief efforts during last year's wildfires in Southern California. … Hyster Co. has also donated a new lift truck for use in wildfire relief efforts. A model S40FTS lift truck will be used in a Miramar, Calif., warehouse owned by the state of California and managed by Adventist Community Services. … Ryder System is restructuring its operations by combining its U.S. and international supply chain solutions businesses into a single, fully integrated organization. … Ports America has sold its stevedoring and terminal operations in Lake Charles, La., to Flanagan Stevedoring Group. The facility handles agricultural products, primarily bagged rice. … Jacobs Engineering has acquired Carter & Burgess, an architecture, engineering, and facility design firm. … INTTRA, an e-commerce platform for ocean carriers, has opened an office in Ho Chi Minh City, Vietnam. … Fenner Drives has bought B-LOC, a supplier of keyless bushings for mechanical power transmissions and material handling applications. … MTC Holdings has acquired a new intermodal terminal in Toluca, Mexico. … Ozburn-Hessey Logistics has opened an international services station in its Atlanta facility. The station will offer a range of services, including brokerage and freight forwarding. … Epicor Software is acquiring NSB Retail Systems, a provider of software and solutions for the specialty retail market. … Cathay Pacific Cargo Service has added a direct flight between Dallas- Fort Worth and Hong Kong.

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screenshot of map of shipping risks

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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aerial photo of port of miami

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 industry growth slowed in December
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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pie chart of business challenges

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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