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Ryder System is acquiring nearly all of the assets of Gator Leasing, a full-service truck leasing, commercial truck rental, and fleet services company based in Miami, Fla. ... Estes Air Forwarding has joined the Environmental Protection Agency's voluntary SmartWay Transport Partnership, a program designed to increase fuel efficiency and reduce greenhouse gas emissions in the freight industry. ... Toyota Material Handling, U.S.A. recently sponsored a recreational hub near company headquarters in Southern California. ... By September, all power equipment operated at the Port of Charleston will use cleaner ultra-low sulfur diesel (ULSD) fuel. The EPA has mandated that all off-road equipment make the switch to ULSD by 2010, but Charleston will beat that deadline by two years. ... All of the roads within Rickenbacker Global Logistics Park, a multimodal facility near the Columbus, Ohio, airport, have been designated as an overweight hauling zone. The designation enables companies with special intermodal hauling permits to operate overweight vehicles and move overweight loads within the park. ... FKI Logistex has formed a new global accounts team to optimize service to its parcel customers internationally. ... The Port of Tacoma and the city of Tacoma, Wash., have launched a pilot project aimed at expanding exports to China and attracting foreign direct investment to the Tacoma region.

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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.

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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.

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worker using sensors on rooftop infrastructure

Sick and Endress+Hauser say joint venture will enable decarbonization

The German sensor technology provider Sick GmbH has launched a joint venture with the Swiss measurement technology specialist Endress+Hauser to produce and market a new set of process automation solutions for enabling decarbonization.

Under terms of the deal, Sick and Endress+Hauser will each hold 50% of a joint venture called "Endress+Hauser SICK GmbH+Co. KG," which will strengthen the development and production of analyzer and gas flow meter technologies. According to Sick, its gas flow meters make it possible to switch to low-emission and non-fossil energy sources, for example, and the process analyzers allow reliable monitoring of emissions.

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noblelift forklift trucks

Noblelift North America names Pedriana as president

Material handling equipment provider Noblelift North America on Tuesday named Bill Pedriana as its new president, charging him with leading the Des Plaines, Illinois-based company into “a new era of innovation, growth, and customer-centric success.”

He replaces Loren Swakow, the company’s president for the past eight years, who built a reputation for providing innovative and high-performance material handling solutions, Noblelift North America said.

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chart of material handling sector results for december

Material handling sector turned in mixed results for December

An economic activity index for the material handling sector showed mixed results in December, following strong reports in October and November, according to a release from business forecasting firm Prestige Economics.

Specifically, the most recent version of the MHI Business Activity Index (BAI) showed December contractions in the areas of capacity utilization, shipments, unfilled orders, inventories, and exports. But on the upside, there were expansions in business activity, new orders, and future new orders.

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