Skip to content
Search AI Powered

Latest Stories

newsworthy

Frazier opens manufacturing facility in Tennessee

Storage rack maker says site allows company to reach a broader market in the Midwest.

Frazier opens manufacturing facility in Tennessee

Storage rack maker Frazier Industrial Co. said today it has opened its newest manufacturing facility and has started producing structural steel racking for warehousing storage applications at the site in Tennessee.

The 175,000-square-foot facility in Dyersburg, Tenn., about 100 miles north of Memphis, gives Frazier a footprint in the western part of the state and allows the company to reach a broader market in the Midwest, Frazier President Carlos P. Oliver said in a statement.


The opening is the result of the Long Valley, N.J.-based company's 2017 announcement that it would spend $17.4 million to locate new operations in Dyer County and create 120 new jobs. The Dyersburg facility joins nine other plants across the U.S., Canada, and Mexico as part of Frazier's manufacturing network.

Frazier, which says it has the greatest production capacity in the industry, produces a variety of material handling storage solutions ranging from standard pallet rack systems to complex pick-to belt towers, AS/RS installations, and rack supported buildings.

The Latest

More Stories

trucks in a freight lot

Startup gets $16 million to fund its AI tool for freight brokers

The San Francisco tech startup Vooma has raised $16 million in venture funding for its artificial intelligence (AI) platform designed for freight brokers and carriers, the company said today.

The backing came from a $13 million boost in “series A” funding led by Craft Ventures, which followed an earlier seed round of $3.6 million led by Index Ventures with participation from angel investors including founders and executives from major logistics and technology companies such as Motive, Project44, Ryder, and Uber Freight.

Keep ReadingShow less

Featured

ship for carrying wind turbine blades

Concordia Damen launches next-gen offshore wind vessels

The Dutch ship building company Concordia Damen has worked with four partner firms to build two specialized vessels that will serve the offshore wind industry by transporting large, and ever growing, wind turbine components, the company said today.

The first ship, Rotra Horizon, launched yesterday at Jiangsu Zhenjiang Shipyard, and its sister ship, Rotra Futura, is expected to be delivered to client Amasus in 2025. The project involved a five-way collaboration between Concordia Damen and Amasus, deugro Danmark, Siemens Gamesa, and DEKC Maritime.

Keep ReadingShow less
map of Roadrunner freight routes

Roadrunner CEO and partner buy ownership stake in company

The CEO of less than truckload (LTL) trucking company Roadrunner Freight has joined with a partner to buy out a majority ownership interest in the Chicago-based company from its private equity owners.

Roadrunner CEO Chris Jamroz made the move through Prospero Staff Capital, a private equity vehicle that he co-leads with the investor Ted Kellner, buying the stake from Elliott Investment Management L.P.

Keep ReadingShow less
chart of port of oakland container traffic

Port of Oakland import volume approaches pre-pandemic level

The Port of Oakland’s container volume continued its growth in the fourth quarter, as total container volume rose 10% over the same period in 2023, and loaded imports grew for the 12th straight month, approaching pre-pandemic levels.

Specifically, loaded import volume rose 11.2% in October 2024, compared to October 2023, as port operators processed 81,498 TEUs (twenty-foot containers), versus 73,281 TEUs in 2023, the port said today.

Keep ReadingShow less
office workers using GenAI

Companies feel growing pressure to invest in GenAI

In a rush to remain competitive, companies are seeking new ways to apply generative AI, expanding it from typical text-based applications to new uses in images, audio, video, and data, according to a report from the research and advisory firm Information Services Group (ISG).

A growing number of organizations are identifying ways to use GenAI to streamline their operations and accelerate innovation, using that new automation and efficiency to cut costs, carry out tasks faster and more accurately, and foster the creation of new products and services for additional revenue streams. That was the conclusion from ISG’s “2024 ISG Provider Lens global Generative AI Services” report.

Keep ReadingShow less