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Women In Trucking Association names 2024 Top Woman-Owned Businesses in Transportation

Redefining the Road magazine, the official magazine of the Women In Trucking Association (WIT), announced the recipients of the 2024 “Top Woman-Owned Businesses in Transportation.” “There is a significant economic impact of woman-owned businesses,” said Brian Everett, group publisher and editorial director of Redefining the Road magazine. “In fact, in the United States alone, there are nearly 14 million woman-owned businesses, accounting for nearly 40% of all small businesses. These businesses are thriving due to the entrepreneurial strengths and skill sets of these driven women owners. Woman-owned businesses employ millions of people and generate some $2.7 trillion in annual revenue.” Criteria used to identify qualified applicants include majority ownership by a woman, financial stability and growth, innovation, and entrepreneurial spirit, according to Everett. Each company was nominated and chosen based on business success and accomplishments, including those related to gender diversity. “It’s a privilege for the Women In Trucking Association to honor the 2024 Top Woman-Owned Businesses in Transportation,” said Jennifer Hedrick, president and CEO of WIT. “These 15 companies exemplify outstanding business practices and innovation and are led by female pioneers in this industry.” There is a broad range of company sizes named to the 2024 “Top Woman-Owned Businesses in Transportation” list, which is sponsored by Triumph, but all must generate a minimum of $5 million in gross annual sales. Companies named to the 2024 “Top Woman-Owned Businesses in Transportation” list and the primary female business owners are: AGT Global Logistics (Angela Eliacostas, founder & president) Andy Transport (Andreea Crisan, president & CEO) Aria Logistics (Arelis Bonilla, founder & president) Bennett Cartage Consultants, Inc., Evans Delivery Jacksonville (Tammy Bennett, president) Bennett Family of Companies (Marcia G. Taylor, CEO) Brenny Transportation, Inc. (Joyce Brenny, founder & CEO) Garner Trucking, Inc. (Sherri Garner Brumbaugh, president & CEO) Hassett Logistics (Michelle Halkerston, president & CEO) HTR Logistics (Lindsey Haught, founder & president) Kirsch Transportation Services, Inc. (Camilla Moore-Kirsch, founder & CEO) Partners Funding, Inc. (Sherri DeJong, vice president, co-founder & co-owner) Powersource Transportation (Barb Bakos, owner & president) Rihm Family Companies (Kari Rihm, president & CEO) S-2international LLC (Jennifer Mead, CEO) Tucker Freight Lines (Sauny Tucker, CEO) The 2024 “Top Woman-Owned Businesses in Transportation” will be recognized during a special program at the upcoming Women In Trucking Accelerate! Conference & Expo, which takes place Nov. 10-13 in Dallas, TX. For more information, visit www.womenintrucking.org.

Episode 506: Automated Storage and Retrieval Systems (ASRS) with Element Logic

The New Warehouse Podcast episode features Christian Rognes, the Chief Product Officer at Element Logic. Element Logic is the first and largest AutoStore partner, specializing in automated storage and retrieval systems (ASRS). In this episode, we delve into the evolution of ASRS, Element Logic’s journey, and its innovative approach to warehouse automation. The Evolution of ASRS Systems Element Logic has pioneered the ASRS market, and Christian Rognes shares insights into the journey from manual to automated systems. He emphasizes, “The first battle that we had to fight was between manual and automation.” Over the years, ASRS technology has rapidly evolved, driven by the need for efficiency and precision in e-commerce. Christian highlights that Europe has been a front-runner in adopting these systems, noting, “We have approximately 30 to 40 percent of the install base worldwide.” While most of Element Logic’s install base resides in Europe, Christian sees huge growth potential in the U.S. Differentiating in a Crowded Market Christian explains that with many companies offering similar technologies, Element Logic stands out by focusing on user-centric solutions. “It’s really about finding what’s unique with Element Logic and how we can play on those competitive assets.” By integrating AutoStore with other technologies and optimizing its software, Element Logic ensures seamless warehouse operations. The holistic approach to warehouse management is crucial, especially in complex markets like the U.S., where customized solutions are necessary to meet diverse needs. Enhancing the Warehouse User Experience A major focus for Element Logic is improving the user experience in warehouses. Christian discusses the importance of understanding the needs of warehouse workers, saying, “We really have to flip this around and talk to the users.” By developing products that address the specific pain points of warehouse operations, Element Logic aims to enhance productivity and worker satisfaction. This user-centric approach improves efficiency and contributes to better working conditions, which is a significant aspect of their mission. Key Takeaways on Automated Storage and Retrieval Systems Element Logic holds 30-40% of the global AutoStore install base. The shift from manual to automated systems is crucial for modern warehousing. Differentiation through user-centric solutions is key in a competitive market. Improving user experience in warehouses enhances productivity and worker satisfaction. The New Warehouse Podcast Episode 506: Automated Storage and Retrieval Systems (ASRS) with Element Logic

BSLBATT® relocates to new factory and triples production space to accelerate customer expansion

BSL New Energy Technology Co.. Ltd. (Brand: BSLBATT® ), an innovative high-tech company that designs and manufactures smart lithium-ion batteries (50% more efficient than similar products on the market) for industrial forklifts used in the warehousing and distribution industries, announced that it opened a new factory in Zhongkai, Huizhou on July 18, 2024 to complement its BSLBATT Global Fortune 500 and Top 100 customers with faster delivery capabilities and respond to the growth of lithium-ion battery pack sales worldwide. The new building has three times the production area of the original company. One building will now house all internal manufacturing operations, assembly, logistics, service center, and corporate headquarters. This move aligns with our growth strategy and responds to the growing market demand for BSLBATT® lithium batteries. President of BSLBATT®, Eric Yi, said, “The company is growing, and this move is part of the business plan. We didn’t expect that adding manufacturing space and increasing production in 2024 would become urgent. We saw the growing market share of lithium batteries in the material handling power market combined with the delayed demand last year in the first six months of 2024. We saw a perfect storm of orders!” “Our new building has three times the production area of the original company, which gives us plenty of room to grow,” said Mr. Lin Peng, Chief Technology Officer of BSLBATT®. “Having all elements of our internal manufacturing processes, service center, and corporate headquarters under one roof will make BSLBATT® more efficient. Our customers know we are ready to go the extra mile to ensure our batteries perform as they should, and we are committed to increasing battery reliability while accelerating battery production!” Bella Chen, Sales Director at BSLBATT®, emphasized the significance of this move, saying, “This new facility significantly increases our workforce, improves production efficiency, enhances production capacity, and more.” Haley Ning, COO at BSLBATT®, said, “We have achieved high double-digit growth each year for the past four years, which has driven our need to expand to supplement our product support and production infrastructure. The investment in the new Huizhou Zhongkai facility expands our production infrastructure to provide comprehensive and responsive delivery services to customers from global regions while, more importantly, reducing production and transportation costs for our company.” With more than 14,000 battery packs, BSLBATT® is a manufacturer in lithium battery applications, as reflected in its thought leadership and technology platform to lead customers toward clean, safe, and sustainable industrial and commercial energy solutions. The company is committed to delivering superior product performance, value, and support services, allowing customers to take their business to the next level while achieving greater profitability. For more information about BSLBATT, visit lithiumforkliftbattery.com.​

Queen City Robotics Alliance is Charlotte’s official host for the 2024 NASA Space Apps Challenge

This global event happens at The Zone October 5-6 Queen City Robotics Alliance announced that it has been selected as the Charlotte host for the 2024 NASA Space Apps Challenge in October. The event will take place at QCRA’s facility, The Zone, the weekend of October 5-6. The NASA International Space Apps Challenge is the world’s largest global hackathon. This two-day event on October 5-6 allows participants of all ages to use NASA’s free and open data sources and its Space Agency Partners’ space-based data to address real-world Earth and space problems. The 2024 theme is “The Sun Touches Everything.” During the event, participants (individuals and teams) gather at designated sites worldwide in person and virtually to address challenges submitted by NASA experts. Also known as a Hackathon, this event began in 2012 and primarily focused on technology in space but has evolved to include challenges here on Earth. Today, the NASA Space Apps Challenge features arts and humanities challenges alongside the technology challenges, thus building a more inclusive program. The challenges will also have different difficulty levels from elementary age to college students to industry professionals, so everyone is welcome to participate. These challenges range in complexity and subject, tasking participants to create everything from artistic visualizations of NASA data to conceptualizing and developing informational apps and software programs. NASA’s goal is to “promote innovation through international collaboration.” The format for the event is called a hackathon, which is an event set up by a company or organization that brings people together in a collaborative environment to find high-quality solutions for current issues. This event is free and open to all ages; however, anyone 18 and under must be registered and accompanied by a parent or other adult. To learn more about NASA’s program, use this link: https://www.spaceappschallenge.org/nasa-space-apps-2024/ QCRA CEO Kaiwen Cheng is excited that the organization has this unique opportunity to host this singular event because it will bring more recognition, interest, and outreach to QCRA’s STEM (Science, Technology, Engineering, and Math) programs in the Charlotte community. “This is an opportunity for students to use NASA to explore ideas,” said Cheng. “Space technology is a leading technology. It’s using space to inspire and impact our daily lives. Things like GPS and memory foam mattresses. We wouldn’t have those things today without NASA technology.” “This is also an exciting opportunity for our students,” he continued, “because it is an interesting and tangible way for them to explore STEM education and discover their talents through NASA and the wonders of space.” To receive Charlotte event updates, visit QCRA’s particular event website – Space Apps – Charlotte (google.com) – or follow QCRA’s social media outlets.

Emerson announced changes in Global Sales Leadership

Worldwide sales management to be consolidated under newly-appointed Vice President of Global Sales Andy Schwege  Emerson has announced a key executive change at its Appleton Group division with the promotion of 35-year electrical industry veteran Andy Schwegel to the newly created position of Vice President of Global Sales, effective immediately, overseeing domestic and international sales organizations. He will report directly to Anthony Hartman, President of Appleton Group. Previously Vice President of International Operations & Industrial and Commercial Sales, Mr. Schwegel will be responsible for continuing to drive growth and top-line revenue expansion for Appleton Group brands Appleton™, O-Z/Gedney™, EasyHeat™ and Nelson™ across a global sales network that encompasses over 2,500 distributor partners. “Andy has a long-standing record of bolstering sales and delivering on strategic business opportunities,” said Hartman. “His deep understanding of the harsh and hazardous location electrical markets, combined with a wealth of executive experience, makes him the ideal leader for our entire global sales operation. His ability to continuously accelerate sales growth and navigate complex market landscapes will be pivotal as we expand the Appleton footprint worldwide to meet the demand for safe, reliable and efficient electrical solutions.” In his 22-year tenure with Emerson, Mr. Schwegel has held increasingly responsible positions, primarily in marketing, business development and sales management. Before joining Emerson, Schwegel gained industry experience working for Eaton and Grainger.

Peak Technologies listed as Top Solution Provider in annual industry ranking

Peak Technologies ranked 65th on The Channel Company’s CRN Solution Provider 500 list, the annual ranking of the largest solution providers with operations in North America.  Peak Technologies, a provider of digital supply chain and mobile workforce solutions, has been named to The Channel Company’s CRN Solution Provider 500 list, the annual ranking of the largest solution providers by revenue with operations in North America. Peak Technologies is ranked 65th in the 2024 list, the third straight year the company is listed among the top 70 out of 500 companies. Each year, the CRN Solution Provider 500 list is published by The Channel Company to rank the top integrators, service providers and IT consultants in the industry and recognize the critical ways these companies help businesses and organizations adopt and get the most value from leading-edge technologies. This year’s list emphasized the rapidly growing role and impact that artificial intelligence (AI) and generative AI technologies is having across multiple industry segments. “We are pleased and honored that we have once again been listed among the top companies in our field on the CRN Solution Provider 500 list,” said Tony Rivers, President and CEO, Peak Technologies. “It recognizes the continuing success we have had in both developing innovative, high-impact, smart technologies solutions for our customers and expanding our ability to help them solve their digital supply chain and mobile workforce challenges.” From manufacturing, warehousing, transportation and logistics operations to retail, healthcare and field service applications, Peak Technologies has become one of the industry’s largest providers of end-to-end automation solutions that modernize the factory, optimize the warehouse, revolutionize the retail experience and reimagine field services and last-mile delivery. “We recognize the need to continuously invest in new smart technologies and AI-driven solutions to help our customers navigate the seismic shifts in the IT industry,” said Alexander Price, Senior Vice President, Smart Technologies at Peak Technologies. “Our recent investments include new offerings in machine vision, autonomous mobile robots (AMRs), RFID/RTLS platforms and advanced analytics solutions, all developed to help our customers leverage cutting-edge technology to achieve their critical operational and productivity goals.” Technology solutions recently launched by Peak Technologies include: Peak Analytics, a powerful supply chain AI and image recognition solution that lets logistics operations capture key information about package quality by harnessing the power of image recognition and AI. Using advanced machine vision cameras placed within scan tunnels on conveyor lines, Peak Analytics advanced software delivers real-time data about the condition of every package, allowing companies to identify problem inventory at the source. Autonomous Mobile Robots (AMRs) provide mobility solutions to help automate and streamline labor-intensive logistics tasks such as picking, receiving, loading replenishment and put away, saving time and helping increase daily output while allowing skilled workers to focus on high-value tasks. Advanced Machine Vision (MV) solutions automate manufacturing inspection using advanced 2D, 3D and deep learning solutions. Sensors, cameras, frame grabbers and advanced software quickly and accurately detect objects for instant inspection, sorting, traceability or high-speed production. By capturing high-quality digital images of items moving at very high speeds, MV systems can gauge whether the data or objects meet certain parameters and provide AI-driven analytics for real-time visibility and decision making. RFID (Radio Frequency Identification) and RTLS (Real-Time Location Systems) solutions provide precise location data of high-value assets, assisting in loss-prevention and enhancing supply chain visibility. Track the receipt and movement of goods within a warehouse, facility or yard, or use dynamic, real-time locationing to immediately track and locate items and verify inventory. Both technologies improve asset visibility across warehousing and logistics operations, helping automate and improve asset use and processes. In recent years, Peak Technologies has also made growth investments through 15 strategic mergers and acquisitions. These include the 2023 acquisition of North Coast Technical, a leading provider of machine vision hardware and image processing software for Fortune 500 companies, and the 2022 merger with Supply Chain Services, a leading full life-cycle system integrator and provider of digital supply chain, retail and mobile workforce solutions.  

Pfannenberg announced the ultimate signaling solutions for light duty applications

Customizable Signal Fits a Range of Applications from Control Cabinets to Autonomous Vehicles Pfannenberg, a manufacturer of thermal management and signaling technologies, launches the PA1-R and PA L1-R, the ultimate signaling solutions for light-duty applications. These products deliver high performance in an economical package, ensuring a safe and reliable signaling solution for audible (PA1-R) and combined audible, and visual (PA L1-R) needs. The PA 1-R and the PA L1-R are the go-to choices for automation, material handling, and machine-building applications where status and indication lights and sounds are critical safety measures needed to notify staff about current or imminent events. The PA1-R features just sound while the PA L1-R is highly customizable, providing independent control of light and sound, allowing users to signal with sound only or a combination of light and sound. For the audible alarm in both products, users can choose from 70 tones and reduce the volume to meet application needs, selecting from 85dB, 92dB, 98dB, and 105dB to fit a range of environments. The PA L1-R also allows users to select the perfect color light signal to fit their intended application with the RGB version of the product, including green, yellow, amber, blue, purple, red, white, and magenta. To best suit the environment of the application, users can also choose between continuous, blinking, flashing, and rotating LED lights. Rotating LED lights offer an ideal alternative in contexts where blinking features may have limited visibility. On top of this, the signal’s top-mounted installation ensures excellent 360-degree perceptibility with its radial design. Both versions feature a multi-voltage-power supply of 10-60 V DC and 95-265 V AC, making them one-size-fits-all all options for the needs of your application. They are also available with an optional M12 connection, allowing for quick connection without wiring or the need for an electrician. This versatility and ease of connection allow the signals to be versatile and adapt to any application, saving time and money.  

Unipipe Solutions highlights UnipipeHP Aluminum Piping Systems

The Most Robust, Cost-Effective, and Easy-to-Install Piping System Available, for Pressures up to 1015 PSI  Unipipe Solutions, an industrial piping sector, highlights the UnipipeHP Aluminum Piping System for High-Pressure Compressed Air Applications. The UnipipeHP is an advanced aluminum piping system specifically engineered for the highest-pressure applications. Featuring a robust design and superior performance, the UnipipeHP system is rated for up to 1015 PSI (70 BAR). It is cost-effective and easy to install and maintain, making it ideal for various demanding applications, including multi-fluid systems, high-pressure compressed air, and nitrogen systems. UnipipeHP sets itself apart with its heavy wall tubing and rigorous inspection standards, ensuring reliability and safety. The fittings for UnipipeHP are identical in design to those of the standard UnipipeAIR system, rated for 232 PSI (15 BAR), maintaining consistency while offering enhanced pressure capabilities. The UnipipeHP system is available in sizes up to 2-½” (63mm), while the UnipipeAIR system is available in sizes up to 10” (250mm). This flexibility allows for the completion of even the largest projects without the need for specialized tools or skilled labor. One of the standout features of the Unipipe system, including UnipipeHP, is its unique stainless steel gripping ring. This innovative design ensures quick and secure installation without the need for special tools, crimping, or grooving. The installation process takes half the time of traditional piping options and is significantly faster than copper piping. The system’s lightweight nature—75% lighter than iron pipe—allows for single-person installation of systems up to 6 inches in diameter. Unipipe systems boast the most secure fittings in the market. The proprietary stainless steel clamp ring in every fitting bites into the aluminum pipe, creating a connection rated for over five times the pressure of other systems. This clamp ring ensures 100% contact around the pipe, tightening further as pressure increases. Additionally, a plastic ring identifies the fluid and working pressure for each system, enhancing usability and safety. In terms of cost-effectiveness, Unipipe systems provide the lowest cost of ownership. When considering both material and labor costs, Unipipe proves to be the most economical choice, saving 30% to 40% over traditional piping methods. Unipipe systems are suitable for ultra-clean environments and outperform traditional piping methods such as black iron pipe and copper. Black iron pipe is heavy, prone to internal rusting, and labor-intensive to install, while copper is both expensive and slow to install. In contrast, Unipipe systems are faster, easier to install, lighter in weight, and ideally suited for compressed air applications. Unipipe systems are ideal for ultra-clean environments and Unipipe fittings are universally compatible with most other aluminum systems currently on the market, ensuring a seamless integration process. All Unipipe pipe and fittings come with a 20-year guarantee against manufacturer’s defects, provided they are installed and supported according to the Unipipe installation instructions.

OZ Lifting launches hoist clamp

The hoist clamp presents a quick, easy, and safe way to hang any of the company’s electric chain or manual hoists, under 0.5-ton capacity, to its pipe- and wall-mounted arms with the required hardware. The user can mount the hoist clamp anywhere along the mounting arm at a full-rated capacity of 1,000 lbs. The clamps are sold separately if users already have a mounting arm, but they can be sourced with the pipe- (model OBH230) or wall-mounted (OBH230-WALL) arms. The OBH230 was originally developed for the construction industry, mainly on job sites with scaffolding; it is sized for scaffolding pipe diameter. The OBH230-WALL, meanwhile, has wider application uses. Richard Miller, sales manager at OZ Lifting, said: “Our mounting arm is very popular, and we have received feedback on options to mount a hoist with a traditional top hook. This led to the development of the hoist clamp, so once again it is an example of product innovation being driven by the point of use. “It opens the door to a variety of applications,” he continued. “Most users prefer to use a complete solution from a manufacturer, versus trying to piece the equipment together with a sling, chain, rope, etc. They get the benefit of a solution that has been load-tested and approved at the source. We provide the customer the option to order as they choose; we often build to suit and can accommodate the different styles and configurations that are available.” The mounting arm — tested to a minimum safety factor of 3:1 — is essentially a mini jib crane and can be installed in either ‘upright’ or ‘reversed’ orientation, depending on the needs of the customer and application. When the mounting arm is in the upright position, the hoist clamp may be attached to the outermost horizontal pipe; when the arm is in the reversed position, the clamp may be attached anywhere along the horizontal pipe. End-use applications will be varied and widespread; the mounting arm is already utilized in many industries and environments. Miller reiterated its suitability in the construction and manufacturing sectors but pointed to growing market share in many other vertical markets. The OZ Lifting hoist clamp features steel construction and a long-lasting powder coat finish for added durability. It is in stock and ready for distribution to the manufacturer’s extensive dealer network.

Lift Tables for production line integration

The performance requirements of lift tables in a production process are far greater than those of stand-alone lifts. To ensure maximum reliability and uptime in these production environments, Southworth has introduced a Production Ready package for many of their most popular models. By incorporating a series of options, upgrades and heavy-duty features, the Production Ready package minimizes unplanned maintenance and costly production interruptions. With regular PM service, the interval before major maintenance and replacement of renewable parts is extended from 50,000 up to 200,000 cycles or more. Southworth LS, LSH and DL Series lifts can be furnished with the Production Ready package so there are literally thousands of configurations to choose from. Southworth Production Ready lifts feature oversized cylinder rods, high-strength alloy shafts and pins, thicker composite bushings for increased strength and durability, regreasable needle-bearing cam followers, reinforced roller tracks with wear strips, upper limit switches, and soft connectivity for electrical connections. Southworth also recommends the Production Ready package for dynamic load handling on lifts with conveyor tops, pneumatic ball transfers or turntables, or where the lifts travel under load such as on AGVs or towed carts. It is also ideal for non-uniform loads that consistently place more weight on one end or side of the platform. Because the maintenance interval of these lifts is greatly extended, they are also ideal for use in areas with limited access for maintenance.

China Container market update – July 2024

Mixed signals from China’s shipping container trading and leasing markets Average container prices in China stabilize for the first time in 2024 Leasing rates from China to the US and Europe continue to surge in July Shanghai, China – July 23, 2024 Container xChange released its latest monthly China market update, revealing that the average container prices in China have held steady in July for the first time in 2024.   Chart 1: Average prices for 40 ft high cube cargo-worthy containers, July 2023 to July 2024  While the average container prices (for container trading) in China stabilized this month, the average leasing rates from China to the US and China to Europe continued to surge in July.   Table 1: Month-on-month comparison of average leasing rates for 40 ft HC containers  “The recent volume increase and subsequent container price hikes was primarily driven by the pulling forward of orders, raising questions about the strength of underlying demand. If this demand proves to be weak in the H2 of 2024, we could see container prices and freight rates momentum decline.” shared Christian Roeloffs, cofounder and CEO of Container xChange, the global online marketplace for container trading and leasing. In the short term, Container xChange reports that average leasing rates for westbound trade from China have continued to surge throughout July. Muhammad Farhan Khan, CEO at Sourcing Riders Ltd (Import & Export Company in China), shared that, China’s container demand is surging, particularly for shipments to the US, driven by increased consumer spending. However, capacity constraints and disruptions in major shipping routes have led to significant spikes in leasing rates. Despite these challenges, container prices have not significantly increased in July 2024, indicating a more balanced market. The overall situation remains dynamic and volatile.” According to Farhan, the updated Ocean freight rates for August’s 1st half on the China to US West Coast have reached $8,800 (August 1-15, 2024) from $8,200 (for July1-15 2024) and for China to US East Coast have also increased to $9,700 (August 1-15, 2024) from $9,100 (for July1-15 2024) China to Europe average container leasing rates rise at a slower pace Average container leasing rates on the China to Europe route continue to rise but at a slower pace this month. Month-to-month increases from June to July 2024 show a continuing trend of rising costs. Looking at the longer duration, the year-over-year increases highlight the impact of the Red Sea crisis, which caused container prices to inflate throughout this year. Chart 2: Shanghai to Europe average leasing rates for 40ft HC, July 2023 to July 2024  Chart 3: Monthly Average container leasing prices across major China-to-Europe routes, July 2023 to July 2024  Higher average leasing rates from China to US West Coast compared to East Coast Container leasing rates continue to climb on the China to US route, with significant month-to-month increases from June to July 2024, reflecting ongoing congestion and supply chain disruptions impacting this route. According to the data, average container leasing rates are generally higher on China to US West Coast (Long Beach, Los Angeles) routes compared to the US east coast. From the data, the average container leasing rates from China to the US West Coast in July 2024 are higher compared to those to the US East Coast.  Table 2: Average container leasing rates from China to the U.S. East and West Coast in June and July 2024   Labor negotiations at U.S. East Coast and Gulf of Mexico ports pose a significant risk for shippers already dealing with extended transit times and increased costs. The International Longshoremen’s Association (ILA) contract, covering 45,000 dockworkers from Maine to Texas, expires on September 30.  Canadian routes also witness a substantial increase but tend to be slightly lower than their U.S. counterparts.  Market Outlook While the current data indicates a potential stabilization in container prices, the market remains sensitive to global economic conditions and trade dynamics. “The macroeconomic indicators from China reveal a mixed picture. House prices have dropped more sharply than anticipated, declining by 4.5% year-on-year compared to the forecasted 4.1%. GDP growth also fell short of expectations at 4.7% versus the predicted 5.0%, and retail sales increased by only 2% year-on-year against a forecast of 3.2%. On the other hand, June exports showed a positive trend, rising by 3.6% year-on-year for the first six months of 2024. Carriers and leasing companies are optimistic about a further upswing in trade activity. However, we believe that the current surge in demand is primarily driven by large retailers preemptively managing inventories for the peak season, rather than a robust demand recovery. Consequently, the likelihood of container prices sliding and stabilizing at a lower level is high. The recent stabilization of container prices in China aligns with our earlier forecast, suggesting that the peak of price hikes may have been reached or is nearing soon.” Shared Christian Roeloffs, cofounder and CEO of Container xChange.

AAR reports Rail Traffic for the week ending July 20, 2024

The Association of American Railroads (AAR) reported U.S. rail traffic for July 20, 2024. This week’s total U.S. weekly rail traffic was 480,083 carloads and intermodal units, up 1.4 percent compared with the same week last year. Total carloads for the week ending July 20 were 214,348, down 3.4 percent from the same week in 2023, while the U.S. weekly intermodal volume was 265,735 containers and trailers, up 5.8 percent from 2023. Five of the ten carload commodity groups posted an increase compared with the same week in 2023. They included grain, up 2,387 carloads, to 17,300; petroleum and petroleum products, up 1,591 carloads, to 10,745; and farm products, excluding grain, and food, up 1,413 carloads, to 16,880. Commodity groups that posted decreases compared with the same week in 2023 included coal, down 6,278 carloads, to 57,906; nonmetallic minerals, down 3,825 carloads, to 30,758; and motor vehicles and parts, down 2,175 carloads, to 12,466. For the first 29 weeks of 2024, U.S. railroads reported a cumulative volume of 6,194,152 carloads, down 4.4 percent from last year, and 7,404,038 intermodal units, up 8.4 percent from last year. Total combined U.S. traffic for the first 29 weeks of 2024 was 13,598,190 carloads and intermodal units, an increase of 2.2 percent compared to the previous year. North American rail volume for the week ending July 20, 2024, on ten reporting U.S., Canadian, and Mexican railroads totaled 317,607 carloads, down 4.1 percent compared with the same week last year, and 346,231 intermodal units, up 3.9 percent compared to the previous year. Total combined weekly rail traffic in North America was 663,838 carloads and intermodal units, down 0.1 percent. North American rail volume for the first 29 weeks of 2024 was 19,112,113 carloads and intermodal units, up 2.3 percent compared with 2023. Canadian railroads reported 86,987 carloads for the week, down 3.3 percent, and 68,443 intermodal units, down 0.6 percent compared with the same week in 2023. For the first 29 weeks of 2024, Canadian railroads reported a cumulative rail traffic volume of 4,654,977 carloads, containers, and trailers, up 1.9 percent. Mexican railroads reported 16,272 carloads for the week, down 15.9 percent compared to last year, and 12,053 intermodal units, down 7.0 percent. Cumulative volume on Mexican railroads for the first 29 weeks of 2024 was 858,946 carloads and intermodal containers and trailers, up 5.5 percent from last year. To view the traffic charts, click here.

Episode 505: Celebrating heroes in transportation with Road Dog Coffee

Welcome to The New Warehouse Podcast! In this episode, we dive into the world of coffee with a mission. Our guest is Spencer Squier, CEO and founder of Road Dog Coffee, a unique company that serves truckers and logistics professionals. Spencer shares the journey of creating a coffee brand that delivers premium coffee and honors truckers’ vital role in our economy. Road Dog Coffee’s innovative approach stems from Spencer’s deep roots in the transportation industry and his passion for supporting the often-overlooked heroes of the highways. The Birth of Road Dog Coffee Road Dog Coffee was born from a profound respect for truckers and a love for coffee. Spencer, with a background in transportation, recognized the need to spotlight the importance of truckers, especially during the pandemic. “I’ve always loved coffee. I’ve always had a passion for coffee. I’m a big coffee drinker. And I love trucking, and I love our truckers and our logistics professionals because they all go hand in hand.” This vision led to creating a brand that provides premium coffee specifically for truckers and logistics heroes, ensuring they can access quality brews even on the road. Promoting the Contribution of Truckers Spencer shares the dual mission of Road Dog, “We have a kind of a two-pronged business model. We’ve got the educational and awareness side of things. And we have the accessibility side of things.” The brand educates the public about the critical role of truckers through various channels, including the informative content on their coffee bags. On the accessibility front, Road Dog Coffee ensures that truckers can access premium coffee, a rarity at typical truck stops, thus enhancing their daily experience. Expanding Impact and Future Plans The reception to Road Dog Coffee has been overwhelmingly positive, with truckers appreciating the tailored blends. Long Haul Blend: Medium roast coffee designed for all-day drinking. Expedite Blend: Dark roast coffee for late hours, known as “dark as night.” Black Dog Blend: High-caffeine, ultra-dark roast coffee inspired by an urban legend. Spencer shares, “It’s been perceived very well…our long haul blend is a medium roast. It’s designed to drink all day long.” Looking ahead, Road Dog Coffee aims to broaden its impact through initiatives like the RDCC fund, which will support industry-related charities. Spencer’s vision includes expanding product lines to cater to the younger generation and enhancing brand visibility in wholesale channels. Key Takeaways from Road Dog Coffee Road Dog Coffee provides high-quality coffee tailored to the needs of truckers and logistics professionals. The brand promotes the importance of truckers to the economy, aiming to change public perceptions. The unique blends and mission of Road Dog Coffee have been well-received within the trucking community. Plans include launching new products and establishing a charitable fund to support the trucking industry. The New Warehouse Podcast Episode 505: Celebrating Heroes in Transportation with Road Dog Coffee

Staffing employment rebounds after July 4th holiday

Week-to-Week: Staffing employment up five points, New starts up 30 points Staffing employment improved during the week of July 8–14, with the ASA Staffing Index increasing by 5.2% to reach a rounded value of 88. The Index the week before Independence Day the index was at a rounded value of 90. Staffing jobs were down 12.7% compared with the same week last year. Many staffing companies still listed the July 4th holiday as a barrier that prevented further growth. New starts increased dramatically in the 28th week of the year, leaping by 30.0% from the prior week. Six in 10 staffing companies (60%) reported gains in new assignments week-to-week, well above the average of 42% per week so far this year. The ASA Staffing Index four-week moving average decreased from the prior week. Still, it held a rounded value of 88, and temporary and contract staffing employment for the four weeks ending July 14 was 10.6% lower than in 2023. “A near-complete rebound in staffing employment after the July 4th dip affirms continued stabilization within the industry. In the short term, the index will likely coalesce around its previous annual average of 90 as staffing employment remains challenged by a tightening macroeconomic environment. In the long term, however, this value is likely a floor from which staffing employment can improve once these conditions ease,” said Noah Yosif, chief economist at ASA. This week, containing the 14th day of the month, will be used in the July monthly employment situation report, which the U.S. Bureau of Labor Statistics will issue on August 2. The ASA Staffing Index is reported nine days after each workweek, making it a near real-time measure of staffing employment trends. ASA Staffing Starts are the number of temporary and contract employees placed in new assignments during the reporting week. ASA research shows that staffing employment has historically been a coincident economic indicator.

NetLogistik announces Testing as a Service (TaaS)

Partnership with Cycle Labs helps clients elevate testing precision with high-quality, reliable automation NetLogistik, a provider of transformative services for supply chain digitalization, announces its “Testing as a Service” offering. Progress is often limited with manual testing, which is prone to errors, and is limited to eight hours per day, as well as the subject matter expertise of the tester. Testing-as-a-Service (TaaS), Netlogistik’s testing automation offering, can help companies overcome the challenges associated with manual testing while delivering accurate, reliable results. This is crucial in helping identify potential problems earlier in the technology deployment process, reducing risk before it costs precious time, money, and resources. “NetLogistik has a global presence with over 500 logistics and commerce experts to be the trusted partner for clients,” says Jagan Reddy, Managing Director US at NetLogistik. “We use Cycle Labs patented Cycle Continuous Test Automation Platform to help clients accelerate change with better, low-risk solutions for complex problems faster than ever before.” Netlogistik’s TaaS can eliminate the need to procure, install, and learn testing automation solutions and the dedicated staff required to manage them—which can dramatically reduce overhead costs while speeding time-to-market. Outsourcing the testing workload to testing automation experts can also give companies more freedom to focus on their core competencies and innovate within their supply chain process. Additional benefits TaaS provides include: Peace of Mind: The confidence of knowing testing processes and results are consistent and predictable.  Proactive Changes: Test configuration changes before deploying them into production.  Faster Adoption: Deploy the newest functionality sooner with a more streamlined release adoption strategy.  Highest Quality Assurance: Improve quality by eliminating the factor of human error. Improved Customer Experience: Deliver consistent customer results on the latest user interfaces. Cost Efficiency: Automated testing can save time and money by running testing off-hours.

Lowenthal elected Port of Long Beach Harbor Commission President

Colonna was selected as vice president, and both have one-year terms Harbor Commissioner Bonnie Lowenthal was elected president of the Long Beach Board of Harbor Commissioners on Monday, the five-person board that oversees the Port of Long Beach. The board also selected Frank Colonna as Vice President and Steven Neal as Secretary. Commissioners select a President and two board officers each July to serve one-year terms. The Commission’s new officers will begin their terms on Aug. 5, when outgoing Commission President Bobby Olvera Jr. will hand the gavel to Lowenthal at the Board’s meeting that day. Lowenthal was President from 2019-20 and currently serves as Vice President. She has served Long Beach in a public role for decades, first as a Long Beach Unified School District Board member, then as a City Councilwoman and Vice Mayor, and as a state Assembly member. Before her elected service, she worked as a licensed family counselor and mental health consultant. “It is an honor to be elected and serve as president of the Long Beach Harbor Commission,” Lowenthal said. “I look forward to working with my fellow commissioners as we build a port to better serve the residents of Southern California in the decades to come and continue to pursue our trailblazing environmental programs, innovative capital improvements, and our ongoing investment in workforce development.” Under the City Charter, the Board sets policy for the Port. It directs the Port’s Chief Executive Officer, who leads about 550 employees in developing and promoting the Port of Long Beach. Members are appointed by the Mayor and confirmed by the City Council. They may serve up to two six-year terms.

Caldwell hires Sarah Stitt for RUD Products

The Caldwell Group Inc. has named Sarah Stitt product manager of the Rockford, Illinois-based company’s RUD range. The below-the-hook and material-handling equipment manufacturer has a longstanding partnership with RUD to bring lifting points and other products to the U.S. and Canada. Stitt has joined the company’s marketing team and will spearhead the portfolio’s growth in these key regions. She will work closely with Jay Schroeder, regional sales manager of RUD West, and the technical sales, customer service, sales, and engineering teams to identify new product sales opportunities, analyze market trends, and drive revenue for the RUD line. Stitt will also work closely with RUD’s German sales and marketing teams to help identify and grow market segments and user groups. Tyson Philippi, chief operating officer, said: “At Caldwell, we are committed to delivering innovative lifting points that exceed customer expectations, increase safety, and improve the performance of riggers, crane operators, material handlers, and manufacturers. With Sarah’s appointment, we are poised to enhance brand awareness and adoption in the North American market.” Lisa Sympson, marketing manager, said: “Sarah has been part of the Caldwell marketing team for more than a year and is a great fit for the RUD product management role. Her knowledge of the industry, customers, and now the RUD product line will give this growing part of our business the focus and attention it deserves.” Stitt said: “As the newest member of this dynamic team, I look forward to fostering collaboration between RUD and Caldwell to provide our customers with the best solutions available. I am committed to using my knowledge to help bring RUD brand awareness and value to the U.S. and Canada.” The new-look Caldwell RUD team will continue to raise the profile of a range of rigging products already considered best-in-class in Europe and elsewhere in the world. Caldwell has forged a successful collaboration with the RUD Group to unite sales and marketing activities in North America for material handling and lifting devices within a common organization. The RUD portfolio includes slings and lifting points for the most complex tasks for integration into almost any application. Caldwell’s Schroeder added: “RUD is a high-quality, Germany-manufactured product, so it takes a certain type of company to be able to deliver it here in North America, keeping lead times short and stock levels high, close to the point of use. The timing is perfect to add Sarah to the team with continued emphasis on telling everyone we are here — and here to stay.”

Nucor reports 11% consolidated net sales decrease for the first six months compared to prior year

Nucor Corporation announced consolidated net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share, for the second quarter of 2024. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted share, for the first quarter of 2024 and $1.46 billion, or $5.81 per diluted share, for the second quarter of 2023. In the first six months of 2024, Nucor reported consolidated net earnings attributable to Nucor stockholders of $1.49 billion, or $6.14 per diluted share, compared with consolidated net earnings attributable to Nucor stockholders of $2.60 billion, or $10.26 per diluted share, in the first six months of 2023. “While market conditions have softened compared to recent record-setting years, Nucor remains focused on its long-term growth strategy and has returned more than $1.7 billion to investors through June,” said Leon Topalian, Nucor’s Chair, President and Chief Executive Officer. “Nucor’s strategy to grow our core steelmaking operations and expand into steel-adjacent downstream markets positions the company to create attractive shareholder value and improve the company’s through-cycle earnings profile. I am incredibly proud of the 32,000 men and women of Nucor who are executing this growth plan while achieving the safest start to any year in Nucor’s history.” Financial Review Nucor’s consolidated net sales decreased 1% to $8.08 billion in the second quarter of 2024 compared with $8.14 billion in the first quarter of 2024 and decreased 15% compared with $9.52 billion in the second quarter of 2023. Average sales price per ton in the second quarter of 2024 decreased 2% compared with the first quarter of 2024 and decreased 11% compared with the second quarter of 2023. Approximately 6,289,000 tons were shipped to outside customers in the second quarter of 2024, a 1% increase compared with the first quarter of 2024 and a 5% decrease compared with the second quarter of 2023. Total steel mill shipments in the second quarter of 2024 were comparable to the first quarter of 2024 and decreased 2% compared to the second quarter of 2023. Steel mill shipments to internal customers represented 21% of total steel mill shipments in the second quarter of 2024, compared with 21% in the first quarter of 2024 and 20% in the second quarter of 2023. Downstream steel product shipments to outside customers in the second quarter of 2024 increased by 11% compared with the first quarter of 2024 and decreased by 10% compared with the second quarter of 2023. In the first six months of 2024, Nucor’s consolidated net sales of $16.21 billion decreased 11% compared with consolidated net sales of $18.23 billion reported in the first six months of 2023. Total tons shipped to outside customers in the first six months of 2024 were approximately 12,513,000 tons, a decrease of 4% compared with the first six months of 2023, and the average sales price per ton in the first six months of 2024 decreased 7% compared with the first six months of 2023. The average scrap and scrap substitute cost per gross ton used in the second quarter of 2024 was $396, a 6% decrease compared to $421 in the first quarter of 2024 and a 13% decrease compared to $455 in the second quarter of 2023. The average scrap and scrap substitute cost per gross ton used in the first six months of 2024 was $409, a 6% decrease compared to $435 in the first six months of 2023. Pre-operating and start-up costs related to the Company’s growth projects were approximately $137 million, or $0.43 per diluted share, in the second quarter of 2024, compared with approximately $125 million, or $0.39 per diluted share, in the first quarter of 2024 and approximately $90 million, or $0.27 per diluted share, in the second quarter of 2023. In the first six months of 2024, pre-operating and start-up costs related to the Company’s growth projects were approximately $262 million, or $0.82 per diluted share, compared with approximately $172 million, or $0.52 per diluted share, in the first six months of 2023. Overall, operating rates at the Company’s steel mills decreased to 75% in the second quarter of 2024, compared to 82% in the first quarter of 2024 and 84% in the second quarter of 2023. Operating rates in the first six months of 2024 decreased to 79%, compared to 82% in the first six months of 2023. Financial Strength At the end of the second quarter of 2024, we had $5.43 billion in cash and cash equivalents and short-term investments on hand. The Company’s $1.75 billion revolving credit facility remains undrawn and does not expire until November 2026.  Nucor continues to have the strongest credit ratings in the North American steel sector (A-/A-/Baa1), with stable outlooks at Standard & Poor’s and Fitch Ratings and a positive outlook at Moody’s. Commitment to Returning Capital to Stockholders During the second quarter of 2024, Nucor repurchased approximately 2.9 million shares of its common stock at an average price of $170.70 per share (approximately 8.5 million shares during the first six months of 2024 at an average price of $177.30 per share). As of June 29, 2024, Nucor had approximately $1.82 billion remaining authorized and available for repurchases under its share repurchase program. This share repurchase authorization is discretionary and has no scheduled expiration date. On June 6, 2024, Nucor’s Board of Directors declared a cash dividend of $0.54 per share. This cash dividend is payable on August 9, 2024, to stockholders of record as of June 28, 2024, and is Nucor’s 205th consecutive quarterly cash dividend. Second Quarter of 2024 Analysis The largest driver of the decrease in earnings in the second quarter of 2024 as compared to the first quarter of 2024 was the decreased earnings of the steel mills segment, primarily due to lower average selling prices and, to a lesser extent, decreased volumes. The steel products segment had decreased earnings in the second quarter of 2024 as compared to the first quarter of 2024 due to lower average

More ROYPOW Lithium-ion Forklift Battery models obtain UL2580 Certification

Recently, ROYPOW has announced that several of its lithium-ion forklift battery models that comply with the BCI battery standards, including 24V, 36V, 48V, and 80V voltage systems, have received the UL 2580 certification. This is another achievement following the last UL certification of several products. It shows ROYPOW’s constant pursuit of quality and safety assurances for reliable and high-performing lithium battery solutions.  BCI (Battery Council International) is a North American battery industry trade association. It has introduced BCI Group Sizes that categorize batteries based on their physical dimensions, terminal placement, electrical characteristics, and any special features affecting the battery fit. Manufacturers build their batteries according to these specifications of BCI Group Size for each vehicle. Companies use BCI Group Sizes to streamline finding the perfect match for the vehicle’s power needs and ensure proper battery fitment and performance. By sizing its batteries to specific BCI Group sizes, ROYPOW eliminates the need for battery retrofitting, significantly shortening installation time and enhancing efficiency. The 24V 100Ah and 150Ah batteries use the 12-85-7 size, the 24V 560Ah batteries the 12-85-13 size, the 36V 690Ah batteries the 18-125-17 size, the 48V 420Ah batteries the 24-85-17 size, the 48V 560Ah and 690Ah batteries the 24-85-21 size, and the 80V 690Ah batteries the 40-125-11 size. Forklift businesses can choose ROYPOW batteries for true drop-in replacements for conventional lead-acid batteries. UL 2580, a crucial standard developed by Underwriters Laboratories (UL), sets forth comprehensive guidelines for testing, evaluating, and certifying the lithium-ion batteries used in electric vehicles and covers environment reliability tests, safety tests, and function safety tests, addressing potential hazards like short-circuit, fire, overheating and mechanical failure to ensure that the battery can withstand the demanding conditions of daily use. Certified to the UL 2580 standard indicates that manufacturers comply with regulatory requirements and industry standards and that their batteries have undergone comprehensive and rigorous testing to meet recognized industry safety and performance standards. This assures clients that the batteries installed in their electric vehicles are ultra-safe, reliable, and perform optimally. After testing, ROYPOW several lithium-ion forklift battery models that meet the BCI standards successfully pass the UL 2580 certification, a significant breakthrough for the performance and safety of ROYPOW products. “The Li-ion material handling battery industry is experiencing massive growth, making safety a crucial concern. We are very proud to achieve this listing, which is a key milestone, serving as a powerful testament to ROYPOW’s commitment to powering the industry toward a safer and more effective future,” said Michael Li, Vice President of ROYPOW. ROYPOW batteries offer a full range of capacities from 100Ah to 1120Ah and voltages from 24V to 350V, suitable for Class I, II, and III forklift trucks. Each battery features industry-leading automotive-grade designs with a lifespan of up to 10 years, minimizing the need for frequent maintenance and battery swapping. With fast and efficient opportunity charging, maximized uptime is ensured, allowing continuous operation through multiple work shifts. The built-in intelligent BMS and unique hot aerosol fire extinguisher design enhance safety performance, setting it apart from other forklift battery brands. ROYPOW has specially designed explosion-proof and cold-storage batteries to tackle performance challenges in more demanding environments. Featuring an IP67 waterproof rating and unique thermal insulation, ROYPOW cold storage forklift batteries deliver premium performance and safety even at temperatures as low as -40℃. With these safe and robust solutions, ROYPOW batteries have become the choice of the world’s top 20 forklift brands.    

Intella Parts searches for the oldest Toyota forklift

For over 86 years, Toyota has built a reputation for reliability, innovation, and leadership in the automotive and industrial sectors. The iconic Toyota Corolla, with over 50 million units sold worldwide and the best-selling car in history, underscores the brand’s exceptional success in the automotive industry. Beyond its prominence in passenger vehicles, Toyota has also established itself as the leading forklift brand globally. With an estimated market share of 28.44%, businesses worldwide rely on Toyota forklifts for their robust performance, reliability, and efficiency. Toyota forklifts are crucial in enhancing operational efficiency and productivity from warehouses to distribution centers and manufacturing facilities. In daily operations, we often encounter remarkably old units that are still working well. Last year, Intella Parts held a contest to determine the oldest-running Hyster forklift. The winner was a 1945 Hyster model KD KarryKrane owned by Phillip DeLuna from Public Steel in Amarillo, TX. The question arises: What is the oldest Toyota forklift that is still operational? How to participate: Email Intella Parts your photos to [email protected], along with details about the forklift’s year, stories, and some interesting facts about the unit. If possible, include a picture of the plate. The winner will receive a $100 gift certificate for Intella Parts, a $100 Visa gift card, and bragging rights as the owner of the oldest Toyota forklift.