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Power Designers, a Wisconsin-based supplier of battery management products, has been acquired by a private equity firm. The company will now operate as Power Designers USA LLC. ... Old Dominion Freight Line has opened a service center in Pocatello, Idaho. The new facility is a spinoff of the carrier's Idaho Falls facility and will permit Old Dominion to provide earlier morning service and later pickup service to the Pocatello area. ... LXE is opening a new Canadian service center in Ottawa to service Canadian customers and partners. ... Nilfisk-Advance has acquired Cyclone Environmental Technologies. Cyclone is an industrial cleaning technology manufacturer that emphasizes environmentally friendly technologies. It is based in Tempe, Ariz. ... The Reusable Pallet & Container Coalition (RPCC) is changing its name to the Reusable Packaging Association (RPA). The association says the name change reflects its emphasis on promoting the use of reusable packaging, rather than specific reusable products. ... Navigation Capital Partners has purchased James Brown Contracting and its subsidiaries Brown Trucking Co. and JBT Brokerage. Based in Lithonia, Ga., Brown is a leading dedicated freight transportation service provider to the paper and packaging industry. ... TGW Logistics Group has opened a new office in Poznan, Poland, according to TGW-ERMANCO, the North American branch of the TGW Logistics Group. ... Honeywell has acquired Metrologic Instruments, a manufacturer of laser and mobile imaging and remote scanning. Metrologic will now be a part of Honeywell Imaging & Mobility, a line of business within Honeywell Security that also includes Hand Held Products. ... Flow Rite Controls has broken ground on an addition that will nearly triple the size of its manufacturing facility in Byron Center, Mich. ... Agility has signed a conditional agreement to purchase Cosa Freight, a full-service ocean freight forwarder with offices in China and a presence in Hong Kong, Canada, and the United States. Agility has also acquired CF Geologistics, a Danish freight forwarder specializing in air and ocean freight solutions. ... ADSI (Advanced Distribution Solutions Inc.) has bought the shipping and warehouse management solutions of Adonix Transcomm. ... Old Dominion has relocated its San Antonio, Texas, service center. The new 99-door facility will allow it to better serve customers in the growing San Antonio market.

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Jason Schenker
Jason Schenker, president of Prestige Economics and chairman of The Futurist Institute

Straight talk on supply chains and the economy: An interview with Jason Schenker

After a dismal 2023, the U.S. economy finished 2024 in pretty good shape—inflation was in retreat, transportation fuel costs had fallen, and consumer spending remained strong. As we begin the new year, there’s a lot about the economy to like, says acclaimed economist Jason Schenker. But that’s not to suggest he views the future with unbridled optimism. As the year unfolds, he says he’ll be keeping a wary eye on several geopolitical and supply chain risks that have the potential to spoil the party.

Schenker, who serves as president of Prestige Economics and chairman of The Futurist Institute, is considered one of the best economic minds in the business. Bloomberg News has ranked him the #1 forecaster in the world in 27 categories since 2011. LinkedIn named him an official “Top Voice” in 2024, and almost 1.3 million students have taken his LinkedIn Learning courses on economics, finance, risk management, and leadership.

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2024 International Foodservice Distributor Association’s (IFDA) National Championship

2024 International Foodservice Distributor Association’s (IFDA) National Championship

Truckers, warehouse workers get some love

It’s probably safe to say that no one chooses a career in logistics for the glory. But even those accustomed to toiling in obscurity appreciate a little recognition now and then—particularly when it comes from the people they love best: their kids.

That familial love was on full display at the 2024 International Foodservice Distributor Association’s (IFDA) National Championship, which brings together foodservice distribution professionals to demonstrate their expertise in driving, warehouse operations, safety, and operational efficiency. For the eighth year, the event included a Kids Essay Contest, where children of participants were encouraged to share why they are proud of their parents or guardians and the work they do.

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Trucking industry experiences record-high congestion costs

Trucking industry experiences record-high congestion costs

Congestion on U.S. highways is costing the trucking industry big, according to research from the American Transportation Research Institute (ATRI), released today.

The group found that traffic congestion on U.S. highways added $108.8 billion in costs to the trucking industry in 2022, a record high. The information comes from ATRI’s Cost of Congestion study, which is part of the organization’s ongoing highway performance measurement research.

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From pingpong diplomacy to supply chain diplomacy?

There’s a photo from 1971 that John Kent, professor of supply chain management at the University of Arkansas, likes to show. It’s of a shaggy-haired 18-year-old named Glenn Cowan grinning at three-time world table tennis champion Zhuang Zedong, while holding a silk tapestry Zhuang had just given him. Cowan was a member of the U.S. table tennis team who participated in the 1971 World Table Tennis Championships in Nagoya, Japan. Story has it that one morning, he overslept and missed his bus to the tournament and had to hitch a ride with the Chinese national team and met and connected with Zhuang.

Cowan and Zhuang’s interaction led to an invitation for the U.S. team to visit China. At the time, the two countries were just beginning to emerge from a 20-year period of decidedly frosty relations, strict travel bans, and trade restrictions. The highly publicized trip signaled a willingness on both sides to renew relations and launched the term “pingpong diplomacy.”

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forklift driving through warehouse

Hyster-Yale to expand domestic manufacturing

Hyster-Yale Materials Handling today announced its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for certain portions of its lineup of forklift trucks and container handling equipment.

That means the Greenville, North Carolina-based company now plans to expand its existing American manufacturing with a targeted set of high-capacity models, including electric options, that align with the needs of infrastructure projects subject to BABA requirements. The company’s plans include determining the optimal production location in the United States, strategically expanding sourcing agreements to meet local material requirements, and further developing electric power options for high-capacity equipment.

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