Skip to content
Search AI Powered

Latest Stories

TICO forms Toyota Automated Logistics Group

New unit includes Toyota L&F, viastore, Bastian Solutions, and Vanderlande.

toyota Screenshot 2024-05-06 at 1.20.27 PM.png

Forklift and automotive giant Toyota Industries Corporation (TICO) has launched a new division called Toyota Automated Logistics Group (TALG) as a corporate structure to house four company units and capitalize on their synergies in providing integrated and automated warehouse solutions.

The new group will include TICO’s existing subsidiary Toyota L&F, as well as the recent acquisitions viastore (bought in 2022) and Bastian Solutions and Vanderlande (both bought in 2017). 


According to the parent company, the new unit was created to reinforce the stability and commitment of having TICO as the single owner. It will also help customers benefit from a unified portfolio that spans from automated solution projects to end-to-end automated solutions.

More specifically, TALG will help customers meet industry challenges through an integrated set of solutions such as scalable systems, intelligent software, and lifecycle services. Its range of automated logistics solutions extend from receiving to shipping, allowing TALG to support applications in manufacturing facilities, distribution centers, and airports. That approach will also complement the forklift trucks and warehouse equipment provided by its sister unit, Toyota Material handling Group.

“As a group, TALG is not only trusted to improve the competitive position of our customers, but also confirm our status as a leading global player in integrated logistics and automation,” Norio Wakabayashi, senior executive officer of TICO, said in a release.

 

 

 

The Latest

More Stories

chart of employment levels in transportation sectors

Unemployment rate stayed flat in December for transportation sector

The unemployment rate in the U.S. transportation sector was flat in December 2024 compared to the same month last year, coming in at 4.3% (not seasonally adjusted), according to the latest numbers from the Bureau of Transportation Statistics, part of the U.S. Department of Transportation.

That number is low compared to widespread unemployment in the transportation sector which reached its highest level during the COVID-19 pandemic at 15.7% in both May 2020 and July 2020. But it is slightly above the most recent pre-pandemic rate for the sector, which was 2.8% in December 2019, the BTS said.

Keep ReadingShow less

Featured

frigo-trans truck hauling healthcare cargo

UPS acquires two German healthcare logistics specialists

Parcel carrier and logistics provider UPS Inc. has acquired the German company Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe, the Atlanta-based firm said this week.

According to UPS, the move extends its UPS Healthcare division’s ability to offer end-to-end capabilities for its customers, who increasingly need temperature-controlled and time-critical logistics solutions globally.

Keep ReadingShow less
screenshot of map of shipping risks

Overhaul lands $55 million backing for risk management tools

The supply chain risk management firm Overhaul has landed $55 million in backing, saying the financing will fuel its advancements in artificial intelligence and support its strategic acquisition roadmap.

The equity funding round comes from the private equity firm Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. As part of the investment, Springcoast’s Chris Dederick and Holger Staude will join Overhaul’s board of directors.

Keep ReadingShow less
Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

Keep ReadingShow less
aerial photo of port of miami

East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

Keep ReadingShow less