Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Peak Technologies acquires fifth supply chain tech firm in a year

Private equity-backed auto-ID vendor buys New Jersey company Avalon Integration.

peak avalon Screen Shot 2022-01-10 at 2.47.20 PM.png
DC Velocity Staff
By DC Velocity StaffJan 10, 2022
DC Velocity Staff
See Full Bio

The private equity-backed bar coding and data collection provider Peak Technologies is jumping back in the acquisition pool to kick off 2022, announcing today that it has bought Avalon Integration Inc., a vendor of IT services for warehouse, store, and field applications.

Terms of the deal were not disclosed, but the transaction marks the fifth add-on acquisition for Peak Technologies since the firm was itself acquired by investment firm Sole Source Capital LLC in 2021. It follows mergers with Optical Phusion, Inovity, Bar Code Direct, and DBK Concepts.

Lebanon, New Jersey-based Avalon is a system integrator and provider of digital supply chain, retail, and mobile workforce solutions with a market primarily in the healthcare, pharmaceutical, grocery, and consumer channels.

The deal will provide Columbia, Maryland-based Peak Technologies with access to those business sectors as well an entry into the Northeast, the firms said. “We are excited to welcome the Avalon team. Avalon’s extensive technical capabilities drive a differentiated solutions offering to its customers, which is a perfect fit within the Peak Technologies portfolio,” Peak CEO Tony Rivers said in a release.

ArticleTechnology
peak technologies
ArticleTechnology
peak technologies

The Latest

Locus Robotics opens global HQ in New England
Featured

Locus Robotics opens global HQ in New England

More Stories

warehouse workers with freight pallets

NMFTA prepares to change freight classification rules in 2025

The way that shippers and carriers classify loads of less than truckload (LTL) freight to determine delivery rates is set to change in 2025 for the first time in decades, introducing a new approach that is designed to support more standardized practices.

Those changes to the National Motor Freight Classification (NMFC) are necessary because the current approach is “complex and outdated,” according to industry group the National Motor Freight Traffic Association (NMFTA).

Keep ReadingShow less

Featured

Raymond Corp. boosts energy solutions with new battery plant
Article

Raymond Corp. boosts energy solutions with new battery plant

sellercloud graphic drawing of omnichannel software
Article

Descartes acquires e-commerce software firm Sellercloud

florida ports council vessel
Article

Southeast region continues recovery from stormy October

Jeremy Van Puffelen of Prism Logistics
Article

InPerson interview: Jeremy Van Puffelen of Prism Logistics

Raymond lift truck lifting pallet
Internal Movement

How to handle a pallet

car dashboard lights

Forrester forecasts technology trends for 2025

Business leaders in the manufacturing and transportation sectors will increasingly turn to technology in 2025 to adapt to developments in a tricky economic environment, according to a report from Forrester.

That approach is needed because companies in asset-intensive industries like manufacturing and transportation quickly feel the pain when energy prices rise, raw materials are harder to access, or borrowing money for capital projects becomes more expensive, according to researcher Paul Miller, vice president and principal analyst at Forrester.

Keep ReadingShow less
Digital truck

How digital twins can transform trucking operations

This story first appeared in the September/October issue of Supply Chain Xchange, a journal of thought leadership for the supply chain management profession and a sister publication to AGiLE Business Media & Events’' DC Velocity.

For the trucking industry, operational costs have become the most urgent issue of 2024, even more so than issues around driver shortages and driver retention. That’s because while demand has dropped and rates have plummeted, costs have risen significantly since 2022.

Keep ReadingShow less

Something new for you

Regular online readers of DC Velocity and Supply Chain Xchange have probably noticed something new during the past few weeks. Our team has been working for months to produce shiny new websites that allow you to find the supply chain news and stories you need more easily.

It is always good for a media brand to undergo a refresh every once in a while. We certainly are not alone in retooling our websites; most of you likely go through that rather complex process every few years. But this was more than just your average refresh. We did it to take advantage of the most recent developments in artificial intelligence (AI).

Keep ReadingShow less
FTR trucking conditions chart

In this chart, the red and green bars represent Trucking Conditions Index for 2024. The blue line represents the Trucking Conditions Index for 2023. The index shows that while business conditions for trucking companies improved in August of 2024 versus July of 2024, they are still overall negative.

Image courtesy of FTR

Trucking sector ticked up slightly in August, but still negative

Buoyed by a return to consistent decreases in fuel prices, business conditions in the trucking sector improved slightly in August but remain negative overall, according to a measure from transportation analysis group FTR.

FTR’s Trucking Conditions Index improved in August to -1.39 from the reading of -5.59 in July. The Bloomington, Indiana-based firm forecasts that its TCI readings will remain mostly negative-to-neutral through the beginning of 2025.

Keep ReadingShow less
Copyright ©2024.