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Penske Truck Leasing has joined the EPA's SmartWay Transport Partnership. ... ADSI, a Hoffman Estates, Ill.-based provider of shipping and auto ID solutions, has acquired Logistics Technology Support (LTS). ... The Port of Stockton (Calif.) has received approval from the Department of Commerce to expand its foreign trade zone to include the nearly 475-acre Opus West Park. ... Romulus, Mich.-based United Road, a vehicle transportation logistics provider, has acquired Autolog Auto Transport, a vehicle transporter based in Linden, N.J. ... Ryder System has acquired the assets of Edart Leasing Co., based in Hartford, Conn. The deal includes the full-service truck leasing, commercial truck rental, and contract maintenance business of Edart, a regional transportation services company. ... Neptune Orient Lines (NOL), a global container transportation and logistics group that includes shipping line APL, will be relocating its headquarters for the Americas from Oakland, Calif., to Phoenix during the second half of this year. ... Employees of Averitt Express have made a $500,000 donation to St. Jude Children's Research Hospital as part of the company's Averitt Cares for Kids initiative. During the past 22 years, Averitt employees have donated over $2.4 million to St. Jude, a world-renowned pediatric cancer hospital. ... HighJump Software has purchased Insight Distribution Software from Coaxis Inc. Insight specializes in enterprise software solutions for food and beverage distribution.

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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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forklifts in warehouse

Demand for warehouse space cooled off slightly in fourth quarter

The overall national industrial real estate vacancy rate edged higher in the fourth quarter, although it still remains well below pre-pandemic levels, according to an analysis by Cushman & Wakefield.

Vacancy rates shrunk during the pandemic to historically low levels as e-commerce sales—and demand for warehouse space—boomed in response to massive numbers of people working and living from home. That frantic pace is now cooling off but real estate demand remains elevated from a long-term perspective.

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worker using sensors on rooftop infrastructure

Sick and Endress+Hauser say joint venture will enable decarbonization

The German sensor technology provider Sick GmbH has launched a joint venture with the Swiss measurement technology specialist Endress+Hauser to produce and market a new set of process automation solutions for enabling decarbonization.

Under terms of the deal, Sick and Endress+Hauser will each hold 50% of a joint venture called "Endress+Hauser SICK GmbH+Co. KG," which will strengthen the development and production of analyzer and gas flow meter technologies. According to Sick, its gas flow meters make it possible to switch to low-emission and non-fossil energy sources, for example, and the process analyzers allow reliable monitoring of emissions.

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