Skip to content
Search AI Powered

Latest Stories

newsworthy

an A-plus for the "E" winners

At least four of the 11 companies and government agencies recently recognized by President George W. Bush for excellence in exporting will be familiar to DC VELOCITY readers. Third-party logistics service provider Mallory Alexander International Logistics, Hytrol Conveyor Co., the Maryland Port Administration, and the Georgia Department of Economic Development were among the organizations that received "E" Awards from the U.S. Department of Commerce in a ceremony held earlier this summer.

The E Award, the highest honor the federal government can bestow on an American exporter, recognizes U.S. companies for their competitive achievements in world markets and their part in increasing U.S. exports abroad. The award was created by President John F. Kennedy in 1961.


U.S. Commerce Secretary Carlos M. Gutierrez noted that this year's ceremony marked two notable economic achievements. "These E Award companies are helping to grow new markets around the world, and I commend them for contributing to last year's record of $1.4 trillion in goods and services exports," he said. "Last year, the growth rate of exports outpaced the growth rate of imports for the first time in nearly a decade." The other winners included manufacturers Sign-a-Rama Inc., Numonics Corp., Hydra Platforms Manufacturing Inc., Gerber Technology, Nylonge Co., Pharmaceutical Innovations, and Lincoln Electric Holdings.

The Latest

More Stories

person using AI at a laptop

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.

Keep ReadingShow less

Featured

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.

Keep ReadingShow less
retail store tech AI zebra

Retailers plan tech investments to stop theft and loss

Eight in 10 retail associates are concerned about the lack of technology deployed to spot safety threats or criminal activity on the job, according to a report from Zebra Technologies Corp.

That challenge is one of the reasons that fewer shoppers overall are satisfied with their shopping experiences lately, Lincolnshire, Illinois-based Zebra said in its “17th Annual Global Shopper Study.”th Annual Global Shopper Study.” While 85% of shoppers last year were satisfied with both the in-store and online experiences, only 81% in 2024 are satisfied with the in-store experience and just 79% with online shopping.

Keep ReadingShow less
Mobile robots, drones move beyond the hype

Mobile robots, drones move beyond the hype

Supply chains are poised for accelerated adoption of mobile robots and drones as those technologies mature and companies focus on implementing artificial intelligence (AI) and automation across their logistics operations.

That’s according to data from Gartner’s Hype Cycle for Mobile Robots and Drones, released this week. The report shows that several mobile robotics technologies will mature over the next two to five years, and also identifies breakthrough and rising technologies set to have an impact further out.

Keep ReadingShow less
warehouse automation systems

Cimcorp's new CEO sees growth in grocery and tire segments

Logistics automation systems integrator Cimcorp today named company insider Veli-Matti Hakala as its new CEO, saying he will cultivate growth in both the company and its clientele, specifically in the grocery retail and tire plant logistics sectors.

An eight-year veteran of the Georgia company, Hakala will begin his new role on January 1, when the current CEO, Tero Peltomäki, will retire after a long and noteworthy career, continuing as a member of the board of directors, Cimcorp said.

Keep ReadingShow less