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Con-way Inc. has renamed its truckload operating unit. The division, which was formerly known as Contract Freighters Inc. (CFI), will now be called Con-way Truckload. The business unit includes more than 2,800 tractors, 8,000 trailers, and 3,500 employees. … Investment firm Hennessey Capital Southeast has formed three new companies from the assets of Nuco Express, a Tampa, Fla.-based storage and transportation company that went bankrupt. The three new companies are HenneCold Storage, BenCo Transportation, and Hennco Logistics. … Intelligrated has relocated its Southern Operations division to new offices in Alpharetta, Ga. … Schneider Electric has opened an OEM Technology and Solutions Center in Raleigh, N.C., that will provide technical and application support to developers of automation and controls equipment. … Freight forwarder and logistics solutions specialist SEKO has opened a new office in Dublin, Ireland, and expanded its operations in Charlotte, N.C. The company has also opened a new office in Miami to support its growing Central and South American business. … Daifuku is acquiring Jervis B. Webb Co. Jervis B. Webb is based in Farmington Hills, Mich., and like Daifuku, is a provider of material handling systems. Webb will function as a new core business within the Daifuku Group. … Associated Material Handling Industries, which is currently based in Carol Stream, Ill., is building a new 90,000-square-foot facility in Addison, Ill. The site will serve as Associated Material Handling Industries' corporate headquarters and house its Central Division Operations.

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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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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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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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