Skip to content
Search AI Powered

Latest Stories

newsworthy

accolades: awards and recognition

  • Admirable accomplishment. Toyota Industries Corp. (TICO) has been named one of the world's most admired companies by Fortune magazine. TICO has earned this honor for the second year in a row, climbing to number 28 on the list of 50 companies (up from 36th place last year). TICO manufactures and sells materials handling equipment, textile machinery, and automobiles. Two of its main U.S. subsidiaries are Toyota Material Handling U.S.A. Inc. (TMHU) and Toyota Industrial Equipment Manufacturing (TIEM). Another member of the Toyota Group, automaker Toyota Motor Corp., was number two on the list.
  • Hail from the chief. Executives from Hytrol Conveyor Co. were honored at the White House May 24 by President George W. Bush and Commerce Secretary Carlos Gutierrez. The company was presented with the Presidential "E" Award for excellence in exporting. Secretary Gutierrez congratulated Hytrol for job creation in its home state of Arkansas and for helping to grow new markets around the world. The "E" Award, originally created in 1961 by President John F. Kennedy, is the highest honor the federal government can bestow upon an American exporting company.
  • Honor delivered. The Transportation Sales & Marketing Association has honored Pat Finan, senior vice president of sales for FedEx Freight, with its 2007 Outstanding Service Award. The award recognizes individuals for their contributions to the organization and to the development of professionalism in the transportation industry.
  • Uplifting. The Raymond Corp. has honored nine of its dealers as Dealers of Distinction based on performance. They are: Abel Womack Inc. of Lawrence, Mass.; Arbor Material Handling of Willow Grove, Pa.; Associated South of Indianapolis, Ind.; Carolina Handling of Charlotte, N.C.; G.N. Johnson Equipment Co. of Mississauga, Ont.; Heubel Material Handling of Kansas City, Mo.; Malin Integrated Handling Solutions and Design of Addison, Texas; Pengate Handling Systems of York, Pa.; and Raymond Handling Concepts Corp. of Fremont, Calif.
  • Water, water everywhere. Nestlé Waters has named Averitt Express its Carrier of the Year in recognition of Averitt's innovative transportation solutions. More than 40 carriers serve Nestlé's Red Boiling Springs, Tenn., facility, but only Averitt earned this recognition.

The Latest

More Stories

Image of earth made of sculpted paper, surrounded by trees and green

Creating a sustainability roadmap for the apparel industry: interview with Michael Sadowski

Michael Sadowski
Michael Sadowski

Most of the apparel sold in North America is manufactured in Asia, meaning the finished goods travel long distances to reach end markets, with all the associated greenhouse gas emissions. On top of that, apparel manufacturing itself requires a significant amount of energy, water, and raw materials like cotton. Overall, the production of apparel is responsible for about 2% of the world’s total greenhouse gas emissions, according to a report titled

Taking Stock of Progress Against the Roadmap to Net Zeroby the Apparel Impact Institute. Founded in 2017, the Apparel Impact Institute is an organization dedicated to identifying, funding, and then scaling solutions aimed at reducing the carbon emissions and other environmental impacts of the apparel and textile industries.

Keep ReadingShow less

Featured

xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
stax PR_13August2024-NEW.jpg

Toyota picks vendor to control smokestack emissions from its ro-ro ships

Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.

Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.

Keep ReadingShow less
trucker premium_photo-1670650045209-54756fb80f7f.jpeg

ATA survey: Truckload drivers earn median salary of $76,420

Truckload drivers in the U.S. earned a median annual amount of $76,420 in 2023, posting an increase of 10% over the last survey, done two years ago, according to an industry survey from the fleet owners’ trade group American Trucking Associations (ATA).

That result showed that driver wages across the industry continue to increase post-pandemic, despite a challenging freight market for motor carriers. The data comes from ATA’s “Driver Compensation Study,” which asked 120 fleets, more than 150,000 employee drivers, and 14,000 independent contractors about their wage and benefit information.

Keep ReadingShow less