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HK Systems has acquired Charlotte, N.C.-based AGV Products, a supplier of automatic guided vehicles. The two companies have partnered on projects for more than five years. HK says the acquisition will now enable it to provide comprehensive end-to-end automatic guided vehicle products and solutions. ... SEKO, a global freight forwarder and logistics service specialist, has established SEKO- Canada to expand its presence in North America. The new service will be operated in conjunction with the Cole Group, a logistics and customs broker with more than 30 offices throughout Canada. ... Labelmaster, a manufacturer of dangerous goods compliance products, has released a military version of its shipping manual, A.I.R. Shipper Air International Regulations for Shippers of Dangerous Goods. For info, visit www.airregs.com. ... Jungheinrich Lift Truck Corp. has moved its spare parts distribution department into a new state-of-the-art facility in Richmond, Va. The 17,000-square-foot building will hold an inventory of 8,000 spare parts that can be quickly delivered to U.S. customers. ... Rescar, a railcar repair, maintenance and cleaning company, reopened its Orange, Texas, repair facility in October. The 63-acre complex suffered extensive damage from a direct hit in September 2005 by Hurricane Rita. During this past year, the shops were completely redesigned and rebuilt to reduce the in-shop time for each of the 2,700 cars repaired there annually. ... A new Native American-owned transportation brokerage company has been formed. HCI Logistics is a partnership between the Potawatomi Business Development Corp., owned and operated by the Forest County Potawatomi Community, and Ho Chunk Inc., the business development arm of the Winnebago Tribe of Nebraska. ... Amware Logistics of Eagle, Colo., has acquired the assets of Distribution Services of Atlanta (DSA). DSA owns, manages or leases more than a million square feet of distribution space in the greater Atlanta market.

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FMCSA rule would require greater broker transparency

A move by federal regulators to reinforce requirements for broker transparency in freight transactions is stirring debate among transportation groups, after the Federal Motor Carrier Safety Administration (FMCSA) published a “notice of proposed rulemaking” this week.

According to FMCSA, its draft rule would strive to make broker transparency more common, requiring greater sharing of the material information necessary for transportation industry parties to make informed business decisions and to support the efficient resolution of disputes.

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chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

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chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

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Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

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Report: SMEs hopeful ahead of holiday peak

Report: SMEs hopeful ahead of holiday peak

Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.

That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.

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