Integrated packaging line flexes strengths of Serpa, Quest and Texwrap at PACK EXPO 2023
The ability to collaborate between brands to develop and execute integrated solutions is what defines the power of ProMach. A great portrayal of this integrated collaboration between Serpa, Quest, and Texwrap can be seen in action in booth C-3425 / C-3433 at PACK EXPO 2023, September 11-13, at the Las Vegas Convention Center, Las Vegas, Nevada. This integrated line features filled canisters being tray packed, overwrapped and palletized – depicting packaging applications common in the nutraceutical and food industries. PACK EXPO attendees will see a fully operating line starring a Serpa FG1 top load tray former that will be forming trays from corrugated blanks. Serpa top load tray formers are built with a heavy-duty frame and quick-change forming heads that make changeover quick, simple, and repeatable for 24/7 operation. From there, trays are conveyed to a Quest QP200-SA2 case packer, where a FANUC SCARA robot orientates the canisters, shrink wrapped by CL&D, before they’re picked and placed into the formed trays by an articulated robot. Pack patterns are configured using QPack case/tray packing software. QPack allows users to create optimized patterns for a variety of SKUs with ease, which makes product changeovers quicker and simpler than ever. Finally, a Quest Bot Bot QB320 space-saving robotic palletizer picks up wrapped trays and places them on a floor-level pallet. Every Box Bot comes standard with QBox pallet building software that allows operators to create new pallet patterns based on the size of the case and pallet. The Box Bot offers more than 24 standard designs with lead times of 4-6 weeks. ProMach advantage ProMach is a solutions-based company; it first analyzes the problem or challenge, and then designs a solution that best meets the customers’ production goals. ProMach and its 46 brands are grouped into distinct business lines that span the entire packaging line. This packaging line at PACK EXPO 2023 is a great demonstration of the type of integrated packaging solution ProMach and its brands can develop to meet the full scope of automation needs of customers. Projects like this allow customers to have one central point of contact that serves as a one-stop, full-service provider by connecting multiple ProMach solutions together. This level of integration involves professional project management to streamline the planning process, installation, and start-up for packaging lines. Serpa (C-3433), Quest (C-3425), and Texwrap (C-3625), are located next to each other within the ProMach village at PACK EXPO 2023. To see how these three brands and the power of ProMach can help you with your next packaging application, visit them at PACK EXPO 2023.
YELLOW ceases business
According to industry publication FREIGHTWAVES less-than-truckload carrier (LTL) Yellow Corp. ceased all operations at 12 p.m. Sunday, according to a notice on the gates at its terminals. Separate internal documents showed the procedures for closing the facilities as well as “talking points” to be used when informing union employees not to show up for their shifts. The documents indicated the company plans to issue a public statement Monday updating “the state of the company and the operation.” On Friday, Yellow (NASDAQ: YELL) laid off most of its nonunion employees in areas like customer service, information technology and sales. The company stopped making pickups earlier in the week and has been delivering the remaining freight in its network ahead of what appears to be a permanent closure. After months of negotiations with its Teamsters workforce, the carrier has been unable to reach terms over proposed operational changes it has said were required for its survival. In a breach of contract lawsuit filed last month regarding the matter, the company said it could be out of cash as soon as mid-July. Most are expecting Yellow to announce it will file for bankruptcy Monday.
Nominations open for Influential Woman in Trucking Award, Sponsored by Daimler Truck North America
The Women In Trucking Association (WIT) and Daimler Truck North America (DTNA) are seeking nominations for the 2023 Influential Woman in Trucking award. This prestigious award was created in 2010 to honor women in the transportation industry who make or influence key decisions in a corporate, manufacturing, supplier, owner-operator, driver, sales, or dealership setting. Nominees must also have a proven record of responsibility, mentorship, and serve as a role model to other women in the industry. “The number of women in the trucking profession continues to grow,” said Jennifer Hedrick, president and CEO. “We are honored to share their stories and mark their accomplishments through this award.” Nominations will be accepted through September 11. The winner will be announced at the upcoming WIT Accelerate! Conference & Expo Nov. 5-8 in Dallas, TX. Each finalist will serve as a panelist for the Unstoppable Women in Trucking You Must Know About panel discussion on Nov. 7. “As Women In Trucking’s results from the recently released 2023 WIT Index reflect, the representation of women in the industry continues to grow at all levels,” said Angela Lentz, chief people officer, Daimler Truck North America. “By highlighting the incredible accomplishments of women already in the industry, we can continue to improve that representation everywhere from truck cabs to C-suites while propelling the many companies represented forward with diverse perspectives.” Past recipients of the Influential Woman in Trucking award include: 2022 – Trina Norman, southern California feeder operations manager, UPS 2021 – Lily Ley, vice president and chief information officer, PACCAR 2020 – Kristy Knichel, president, Knichel Logistics and Jodie Teuton, co-founder, Kenworth of Louisiana 2019 – Ruth Lopez, director, transportation management, Ryder System, Inc. 2018 – Angela Eliacostas, founder and president, AGT Global Logistics 2017 – Daphne Jefferson, principal and executive coach, Jefferson Consulting Group, LLC (former deputy administrator, Federal Motor Carrier Safety Administration [FMCSA]) 2016 – Ramona Hood, president and CEO, FedEx Custom Critical 2015 – Kari Rihm, president and CEO, Rihm Kenworth 2014 – Marcia G. Taylor, CEO, Bennett International Group 2013 – Rebecca Brewster, president and COO, American Transportation Research Institute (ATRI) 2012 – Joyce Brenny, founder and CEO, Brenny Transportation, Inc./Brenny Specialized, Inc. 2011 – Rochelle Bartholomew, CEO, CalArk International Learn more and nominate at https://www.womenintrucking.org/influential-woman-in-trucking.
HexcelPack to debut additional protective paper-based wrapping products at PACK EXPO
HexcelPack, a developer of eco-friendly, paper-based protective packaging solutions to replace bubble and air pillow packaging and other plastic, paper or foam-based materials, will introduce several new paper-based wrapping and cushioning products for cost-effective and sustainable shipping at PACK EXPO Booth N-9261, September 11-13 in Las Vegas. Among the introductions will be a bladeless automatic dispensing solution for void fill, a wide width version of the company’s standard HexcelWrap™, and cushioning pads. AutoFil™: A fully automatic dispensing solution for the company’s HexaFil™ void fill. The machine uses a novel bladeless cutting technique to dispense the sustainable void fill material into corrugated shippers up to three times faster than alternative methods. Fully automatic with a programmable screen and electric operation via foot pedal, the machine quickly dispenses HexaFil™ in preset lengths with no cutting blades or dangerous components needed. The AutoFil™ stands 6½ feet tall and is adjustable in height to fit over packaging conveyor systems. The unit also has wheels for easy maneuvering. Wide Wrap™: A wider version of the company’s original HexcelWrap™ cushioning paper. Available in widths from 20” to 40” (unstretched), the solution allows easier wrapping of larger items. Wide Wrap™ can be dispensed via a tabletop brush dispenser or an orbital wrapper for larger and heavier items that need ample protection. Hexcel Pads™: Similar to the company’s Hexcel’Ope™ mailer, its Hexcel Pads™ offer superior protection attributes without the interior opening. Hexcel Pads™ are available in sizes up to 48” long and 16” wide, and are available in three thicknesses – including a double layer option for best possible protection against crushing. “We are thrilled to be expanding our protective packaging solutions portfolio with innovative new products that are both cost-effective and sustainable,” said Lorne Herszkowicz, Partner at HexcelPack. “At the same time, we are actively expanding out market reach with our new office in the United Kingdom and a number of new customers here in North America.”
Wize Solutions acquires Warehouse Equipment Contractors Inc.
Wize Solutions announced the close of its acquisition of the Warehouse Equipment Contractors, Inc. installation business. This strategic acquisition will provide WIZE with additional experienced teams of warehouse installation employees in the Southern California market that has strong and connected leadership. Hear the details directly from Wize leadership on the announcement video here: WIZE Acquisition Announcement Video. With projects completed in all 50 states, more than 100 dedicated employees, thousands of satisfied customers and completed projects, this strategic acquisition is another step WIZE has taken to strengthen its offering to its customers. I am glad to welcome Monte and his staff to WIZE,” said Tyson Bigelow, president of Wize Solutions. “Monte has more than 27 years of experience in material handling and brings a wealth of knowledge in warehousing, automated systems, design and installation. He has strong relationships with dealers and distributors, and we look forward to him maintaining these connections in his new role at WIZE.” “I have known Tyson, Ryan Boucher and Josh Trayner for many years and respect their high-quality standards, integrity and the business they have built,” said Monte Landy, founder and principal of Warehouse Equipment Contractors, Inc. “Now that Warehouse Equipment Contractors, Inc.’s installation business is now officially part of WIZE Solutions, Inc., I am looking forward to providing our expanded customer base with the same warehouse services with the added resources of WIZE.” WIZE has scaled the business with other components including: • Strengthening install teams across the country: Through hiring on-staff project managers, additional installation employees, a new installation team and a national sales manager to service the growing customer base in the United States. • General Contractor Capabilities: WIZE Solutions holds contractor licenses in most states and provides permitting services while maintaining the highest level of insurance coverage. • High Safety Standards: WIZE Solutions maintains a great safety record, the WIZE foremen are OSHA 30 trained and general laborers are OSHA 10 trained.
BSLBATT Battery joins Fronius Charger Compatibility Program
BSLBATT Battery has announced that it has joined Fronius Perfect Charging’s new partner program “Charger Compatibility”. The program provides BSLBATT Battery with the tools to pursue new opportunities with Original Equipment Manufacturers (OEMs). As part of Fronius Charger Compatibility, BSLBATT can showcase its integration with Fronius Charger in a curated network of tested and compatible batteries and charging solutions. BSLBATT’s lithium battery products were iteratively tested and validated by Fronius team of engineers. “We are delighted to have been selected to join the Fronius Charger Compatibility Program,” said BSLBATT Battery Marketing Director Haley Ning. “We stand alongside several reputable companies, whom we admire, and hope that our association with Fronius Perfect Charging takes our relationships with OEMs to the next level.” Affiliation with the program will increase BSLBATT’s visibility among leading OEMs in search of solutions that offer electric forklift with best-in-class performance, prolonged battery life and maximum uptime. Through the program, OEMs can view optimized BSLBATT Battery algorithms with Fronius Perfect Charging such as the one developed for BSLBATT’s MH Series products. “Fronius Perfect Charging offers a unique way for battery and BMS partners like BSLBATT Battery to generate more business by signaling a level of quality and compatibility that OEMs can rely on. Currently, there is no other resource available that offers OEMs a one-stop-shop with this level of curated solutions,” said Fronius Account Manager of Business Development Kai Wan.
KEEN Utility footwear new Arvada safety-toe sneaker is a perfect blend of athletic-level cushioning and style
New for Fall ‘23, KEEN Utility’s Arvada is designed for jobs requiring constant movement and long hours on your feet. A perfect blend of athletic-level cushioning and style, this safety-toe work sneaker series features the lightweight, compression-resisting KEEN.ReGEN midsole that returns 50% more energy than standard EVA foam and a sneaker-like ultra-breathable mesh upper. At the same time, the Arvada does not sacrifice when it comes to safety offering asymmetrical carbon-fiber safety toes that are unobtrusive and 15% lighter than steel and an EH-rated oil-and-slip-resistant rubber outsole provides dependable footing. Offering energy-returning jobsite performance with all-day style, the Arvada will be available for both men and women in several colorways.
KION Group increases profitability in the first half of the year and raises guidance
Result driven by strong performance in the ITS segment Revenue rises to €5.617 billion (H1 2022: €5.537 billion) Adjusted EBIT at €348.3 million (H1 2022: €311.7 million) Adjusted EBIT margin improves to 6.2 percent (H1 2022: 5.6 percent) Free cash flow increases to €228.8 million (H1 2022: minus €591.5 million) Group and ITS segment guidance raised The KION Group continued to increase its profitability in the first half of the year driven by the further strong momentum of its Industrial Trucks & Services (ITS) segment. The improved supply chain situation and successful measures to increase commercial and operational agility are key reasons for the positive result. Adjusted EBIT improved by 11.7 percent year on year, while revenue was up by 1.5 percent. “The agility and performance measures initiated last year are paying off,” said Rob Smith, Chief Executive Officer of KION GROUP AG. “The positive development in the ITS segment is impressive proof that the determined focus of the entire KION team on the right levers has made the company much more resilient and agile going forward. We are therefore raising our guidance for 2023 for both the Group and the ITS segment.” Consolidated revenue advanced by 1.5 percent year on year to €5.617 billion in the reporting period (H1 2022: €5.537 billion). The proportion of consolidated revenue attributable to the service business grew to 44.3 per cent (H1 2022: 40.5 percent). The 19.9 percent increase in revenue in the ITS segment to €4.135 billion (previous year: €3.445 billion) resulted mainly from measures to improve material availability. Price increases implemented in 2022 also had a positive impact. Revenue from the service business went up as volumes grew across all service categories. Revenue in the Supply Chain Solutions (SCS) segment, however, fell by 28.6 percent year on year to €1.497 billion (H1 2022: €2.096 billion). This was primarily due to muted customer demand in the project business (business solutions) in the previous quarters. By contrast, revenue development in the service business (customer services) was very encouraging again increasing by 13.5 percent compared to the same period last year. The Group’s adjusted EBIT rose by 11.7 percent to €348.3 million in the first half of 2023 (H1 2022: €311.7 million). This increased the adjusted EBIT margin to 6.2 percent (H1 2022: 5.6 percent). Adjusted EBIT for the ITS segment improved significantly to €378.9 million (H1 2022: €197.8 million). This rise in earnings came from the revenue growth driven by higher volume and prices as well as efficiency gains in production. The improved profitability in the ITS segment was also reflected in the adjusted EBIT margin of 9.2 percent (H1 2022: 5.7 percent). Adjusted EBIT for the SCS fell year on year to € 14.8 million (H1 2022: € 149.8 million) and returned to profit after a negative result in the full year 2022. The execution of lower-margin projects and delays due to ongoing component shortages contributed to the decline in revenue and earnings at SCS. The adjusted EBIT margin for the first half stood at 1.0 percent (H1 2022: 7.1 percent). Net income for the period amounted to €146.3 million (H1 2022: €159.8 million). This reflects a significantly lower financial result and higher tax expenses. Free cash flow was €228.8 million (H1 2022: negative free cash flow of €591.5 million), resulting from the increase in EBIT while net working capital remained at a similar level to the end of 2022. As a result of the improved liquidity situation, it was possible to reduce financial liabilities by €178.9 million. Net debt decreased by €101.0 million to €1.570 billion compared to end of 2022. KION Group commits to net-zero target and Science Based Targets initiative Sustainability is a key focus of the KION 2027 strategy. At the beginning of July 2023, the KION Group committed to the Science Based Targets initiative (SBTi) in order to provide transparency with regard to its activities and progress on the path toward a carbon-neutral future. In line with the SBTi principles, the KION Group is pursuing the net-zero target of being emission-free along its entire value chain (scopes 1, 2, and 3) by 2050 at the latest. The criteria for assessing whether companies are operating carbon neutrally are based on a fundamental scientific framework and align with the objective of the United Nations Paris climate agreement to limit the rise in global temperatures to 1.5°C. KION Group sells the ITS segment’s Russian business The KION Group announced its intention to exit its Russian business in October 2022. On 16 June 2023, the Group signed a contract to sell the ITS segment’s Russian business as part of a management buyout. The transaction is still subject to approval by the Russian authorities. The SCS segment’s remaining business in Russia is being wound up at the same time. Once the contracts come into force, the KION Group will no longer have any business activities in Russia. Outlook In the first half of 2023, the KION Group achieved revenue growth and a sharp increase in earnings thanks to the healthy business performance of the Industrial Trucks & Services segment. The main contributing factors were the measures taken to enhance operational and commercial agility, the improved supply chain situation, and better availability of materials. In the remaining months of 2023, the Industrial Trucks & Services segment is therefore expected to see an improvement in revenue and adjusted EBIT compared to the second half of the previous year. The Supply Chain Solutions segment is set to see noticeably higher revenue and improved adjusted EBIT in the second half of 2023 compared with the first six months thanks to the growing proportion of higher-margin customer projects in the order book. Subject to the proviso that there are no changes to the current level of availability of materials, the Executive Board of KION GROUP AG is raising the outlook for 2023 for the Group and the Industrial Trucks & Services segment once again, having already raised it on April 19, 2023. The target figures for the Supply Chain Solutions segment remain unchanged: Outlook 2023 KION Group Industrial Trucks & Services Supply Chain Solutions Outlook July 2023 Outlook April 2023 Outlook July 2023 Outlook April 2023 Outlook July 2023
Digital tool boosts cargo visibility at Port of Long Beach
Supply chain information highway maximizes efficiency and connectivity The Long Beach Board of Harbor Commissioners on Monday received an update about the capabilities of the Supply Chain Information Highway, a robust digital tool created to maximize the efficiency and visibility of cargo shipments moving through the Port of Long Beach. Now in its second phase of development, the Supply Chain Information Highway is undergoing field testing to refine its ability to deliver aggregated data that will help logistics partners to better plan, schedule and track cargo movement in real time from origin to destination. “We are merging technology and collaboration to enable information sharing and connectivity across every link of the supply chain,” said Port of Long Beach CEO Mario Cordero. “By increasing cargo visibility, the Supply Chain Information Highway will deliver a more accurate record of container movement through the port complex, reduce delays and aid the entire goods movement industry from end-to-end and coast-to-coast.” “The Supply Chain Information Highway maximizes efficiency by enabling our industry partners to schedule and plan for the arrival of cargo through our Port, as well as expedite deliveries to consumers and retailers,” said Long Beach Harbor Commission President Sharon L. Weissman. “This is truly a game-changer for the 200,000 shippers who move their goods through the Port of Choice.” All six marine terminals at the Port are using a beta version of the Supply Chain Information Highway. Three new features were introduced at a public meeting of the Board of Harbor Commissioners on July 24, features created to significantly enhance the digital platform’s functionality while meeting the key objectives this initiative was designed to achieve: A dashboard designed for beneficial cargo owners allows customers to access information about the location of their containers within the Port complex, highlighting which containers have arrived, which are undergoing inspection by the U.S. Customs and Border Protection, and which are ready to be picked up. A public “track and trace” page allows users to access the most up-to-date information about the status of containers moving through the Port of Long Beach. After inputting a unique tracking number, the user will be presented with a detailed list tracing every step the container goes through from the time it is loaded onto a vessel until it is unloaded on the docks. A public port operations dashboard that contains much of the information currently found in the Port’s Weekly Advance Volume Estimate, or WAVE Report, including projected container volumes, vessel calls and turn times for trucks accessing marine terminals. The Supply Chain Information Highway is anticipated to be compatible with similar data-sharing platforms across the maritime logistics industry, with a goal of using the tool at other seaports across the nation. The Port of Oakland, the Northwest Seaport Alliance, the Utah Inland Port Authority, PortMiami, the South Carolina Ports Authority and the Port of New York/New Jersey have previously agreed to collaborate with the Port of Long Beach and participate in the project. Read more and sign up for updates about the Supply Chain Information Highway here. Watch the presentation to the Harbor Commission here.
Yellow exec tells sales staff Friday is their last day and Monday the company will file for bankruptcy
Media reports this afternoon have reported that a Yellow senior vice president informed their staff on Wednesday, July 26th, that their last day would be Friday and that the Yellow less-than-truckload (LTL) carrier will file for bankruptcy on Monday, July 31st, according to three employees who attended a video call. The sales employees were approved to tell customers of the bankruptcy plans and to take paid time off for the rest of the week. According to a video of the meeting viewed by industry publication FreightWaves and two employees present, the senior vice president told employees to backtrack on the bankruptcy statement. She said to “correct” any customers that were previously told there would be a bankruptcy and to share the following statement: When Material Handling Wholesaler asked company officials for comment they responded, “Talks with the International Brotherhood of Teamsters are ongoing. As previously stated, in keeping with the fiduciary responsibility of the company’s executives, the company continues to prepare for a range of contingencies.” A Yellow representative shared the same statement when FreightWaves reached out for comment to learn more about the message that the trucking company may file for bankruptcy on Monday. Yellow’s vice president of technology services also told her team the above statement Wednesday afternoon, according to one Yellow employee. That employee said, previously in the day, their boss advised their team that a bankruptcy could happen at any time and to send out resumes. This story is developing. Check back here for updates. Are you a Yellow employee with a story to share? Email [email protected].
AAR Reports weekly rail traffic for the week ending July 22, 2023
The Association of American Railroads (AAR) has reported U.S. rail traffic for the week ending July 22, 2023. For this week, total U.S. weekly rail traffic was 473,736 carloads and intermodal units, down 3.2 percent compared with the same week last year. Total carloads for the week ending July 22 were 222,454 carloads, down 1.3 percent compared with the same week in 2022, while U.S. weekly intermodal volume was 251,282 containers and trailers, down 4.8 percent compared to 2022. Six of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included motor vehicles and parts, up 2,150 carloads, to 14,641; nonmetallic minerals, up 1,780 carloads, to 34,583; and metallic ores and metals, up 886 carloads, to 21,354. Commodity groups that posted decreases compared with the same week in 2022 included grain, down 4,417 carloads, to 14,981; coal, down 3,251 carloads, to 64,474; and forest products, down 852 carloads, to 7,748. For the first 29 weeks of 2023, U.S. railroads reported cumulative volume of 6,488,884 carloads, up 0.4 percent from the same point last year; and 6,828,178 intermodal units, down 9.8 percent from last year. Total combined U.S. traffic for the first 29 weeks of 2023 was 13,317,062 carloads and intermodal units, a decrease of 5.1 percent compared to last year. North American rail volume for the week ending July 22, 2023, on 12 reporting U.S., Canadian and Mexican railroads totaled 330,062 carloads, up 0.4 percent compared with the same week last year, and 331,880 intermodal units, down 6.3 percent compared with last year. Total combined weekly rail traffic in North America was 661,942 carloads and intermodal units, down 3.0 percent. North American rail volume for the first 29 weeks of 2023 was 18,690,310 carloads and intermodal units, down 4.2 percent compared with 2022. Canadian railroads reported 89,701 carloads for the week, up 4.8 percent, and 68,972 intermodal units, down 11.6 percent compared with the same week in 2022. For the first 29 weeks of 2023, Canadian railroads reported cumulative rail traffic volume of 4,567,335 carloads, containers and trailers, down 2.7 percent. Mexican railroads reported 17,907 carloads for the week, up 1.9 percent compared with the same week last year, and 11,626 intermodal units, down 3.3 percent. Cumulative volume on Mexican railroads for the first 29 weeks of 2023 was 805,913 carloads and intermodal containers and trailers, up 3.7 percent from the same point last year. To view the weekly rail traffic report, click here.
TAPCO launches extension to LegendViz product line
Traffic and Parking Control Co., Inc. (TAPCO), manufacturer, distributor and service provider of roadway safety innovations is excited to announce the launch of a LegendViz® line extension. The new additions to the LegendViz® line are the 36-inch-by-36-inch Stop and 48-inch-by-48-inch Do Not Enter signs. The new sizes are MUTCD-compliant and suitable for use on multi-lane roads, expressways and in states where oversized sign applications are desired. LegendViz® technology can also be applied to private roadways. Initially launched in 2021, the LegendViz® line was driven by customer feedback requesting traffic signs that motorists could see without headlights. Ever since, the innovative, LED-illuminated design has quickly become a popular addition to TAPCO’s range of traffic sign offerings. The latest extension is designed to address the growing need for larger-sized traffic signs that are highly visible regardless of factors such as speed or traffic volume. “We are excited to expand our product line to align with state standards and regulations nationwide,” said Amanda Schulz, TAPCO’s Director of Sales. “By providing larger signs that comply with Federal and State MUTCD standards, we are meeting the demands of our customers and continuing to increase safer roadways for all.” The new 36-inch-by-36-inch Stop and 48-inch-by-48-inch Do Not Enter signs are now available to purchase. As with all LegendViz® signs, the new sizes are designed for simple, single-person installation and offer the flexibility of AC or solar power options.
Fairchild Equipment announces new location in Rockford
Van Clarkson, president of Fairchild Equipment, has announced a new location in Rockford, Illinois, which has just opened. “We are extremely excited to have moved into this new facility in Rockford,” Clarkson said. “It brings us closer to some of our larger customers in our Illinois region which will greatly reduce delivery costs for them. The area of Illinois from Rockford down to Rochelle has also seen significant growth in distribution due to its proximity to several major interstates and intermodal rail. This better positions us to serve this important market” he further explained. The new facility, which is located off of Highway 20 and Kishwaukee Street at 597 Grable Street in Rockford, is now home to a growing team and replaces Fairchild Equipment’s Beloit location at 755 East Philhower Road. The new Rockford branch offers triple the space, enabling Fairchild Equipment to add shop technicians, plus provide additional office space for service writers, customer care and sales teams to support customers. “This move gives us a presence in Northern Illinois which will enable us to better service our customers in this area to our full potential,” Brent Maurer, the Branch Manager for the Rockford branch, stated. “We are thrilled to have substantially more space in this new facility and be able to bring our portfolio of leading material handling equipment brands, in-shop service, parts and rental equipment closer to our customers in Illinois,” he continued. This new facility marks the third facility expansion since 2020 in Fairchild Equipment’s network of locations throughout the Midwest. It will better accommodate the expansive product line Fairchild Equipment offers, which includes warehouse and materials handling equipment as well as engineered storage solutions and fleet management services. Its diverse line of materials handling equipment brands provide a holistic approach to solving all of organizations’ operational challenges related to moving, stacking and storing materials. Fairchild Equipment is committed to providing outstanding service and innovative goods and solutions to become a valued business partner for its customers and create customers for life.
Episode 405: Sustainable Packaging Solutions with Cory Connors
In today’s episode of the New Warehouse podcast, we have a special guest, Cory Connors, the Director of Sustainable Packaging at Orora Packaging. Cory is also the host of the Sustainable Packaging Podcast, which reflects his passion and love for sustainable packaging solutions. He grew up in the environmentally conscious Northwest region of the United States, where recycling and sustainability were ingrained in his upbringing. Orora Packaging is a global packaging company headquartered in Melbourne, Australia, with around 70 locations in North America, including 55 distribution centers and production facilities. The company is committed to being a global leader in sustainability and aims to offer more eco-friendly packaging solutions to its customers. The Role of Packaging in the Sustainable Movement Packaging plays a critical role in the global push toward sustainability. As Cory Connors rightly pointed out in the podcast, “Packaging is a trillion-dollar industry that people don’t fully understand its importance in their daily lives.” The sustainable movement starts with packaging, as it’s one of our lives most tangible and widespread components. Whether at home, at work, or shopping, we interact with various types of packaging daily. The key focus of the sustainable movement in the packaging industry is to create eco-friendly packaging solutions that are easily recyclable and reusable, thus promoting a circular economy. Brands and businesses must take the lead in adopting sustainable packaging practices and encourage consumers to make more conscious choices. Sustainable Packaging Solutions in E-commerce and Warehousing With the e-commerce and online shopping boom, warehouses have become hubs for processing and shipping products. As a result, the demand for packaging, especially corrugate, has exponentially increased. Sustainable packaging practices in the e-commerce and warehousing sectors are critical for reducing waste and environmental impact. Companies like Orora Packaging are working towards providing more sustainable packaging solutions to the e-commerce industry to address this. These solutions include reusable packaging options, eco-friendly materials, and innovations like the Box Latch, a reusable clip for temporarily closing boxes, which can significantly reduce the need for tape. The Path to Sustainable Packaging Solutions Starts with Consumer Behavior While brands and businesses play a vital role in offering sustainable packaging options, it’s equally important for consumers to embrace sustainability as a part of their daily lives. As Cory Connors mentioned in the podcast, “Sustainability is a luxury for some, but a choice for others.” Consumers must make conscious decisions and support brands that prioritize eco-friendly packaging. Sustainable choices made by consumers will drive brands and businesses to adopt more sustainable packaging options. For instance, consumers can choose products with minimal packaging, opt for reusable or refillable containers, and recycle packaging materials correctly. By collectively making these small changes, we can pave the way for a more sustainable future. Key Takeaways Sustainable packaging is a vital component of the global sustainability movement. Brands, businesses, and consumers must work together to embrace and implement eco-friendly packaging solutions. E-commerce and warehousing industries play a significant role in promoting sustainability by adopting reusable and recyclable packaging practices. Innovations like the Box Latch can reduce waste and enhance the circular economy. Consumers’ choices matter the most. Consumers can drive positive change and create a more sustainable world by consciously supporting brands with sustainable packaging initiatives and recycling properly. The New Warehouse Podcast EP 405: Sustainable Packaging Solutions with Cory Connors
EnerSys® expands NexSys® iON battery offering with addition of 80 volt model
EnerSys®, the global provider of stored energy solutions for industrial applications, has expanded its line of virtually maintenance-free, high-performance NexSys® iON Lithium-ion batteries with the addition of its 80 Volt model. Engineered for fast recharge, long run times and to deliver high energy capacity in a smaller footprint, the latest NexSys® iON battery model provides customers with a premium power solution catered to meet the energy demands of a variety of heavy-duty applications, including those converting from LP- and diesel-fueled equipment to fulfill sustainability requirements. “We strive to provide our customers with solutions that are tailored to their unique operational demands,” said Harold Vanasse, Senior Director of Marketing, Motive Power Global at EnerSys. “Sometimes that can include a large warehouse that’s operating on a 24/7 basis and requires the utilization of a variety of heavy-duty equipment to keep up with their business schedule. It’s important that we can offer these operators a complete range of power options that provide high productivity and lower Total Cost of Ownership. We are excited to be able to support our customers with the addition of our NexSys® iON 80V battery.” Other notable design features of the NexSys® iON 80V battery include: Capacity: 17.8 to 35.7 kWh (222-444 Ah) Can maintain a high State of Charge (SoC) as a result of its fast recharge capability and longer forklift truck run time Eliminates battery changes for peak productivity Maintenance free – no watering, battery cleaning or long equalize charges Integrated Battery Management System (BMS) is designed to Automotive Functional Safety Standard ISO 26262 BMS supports greater safety, reliability and battery life by performing auto-diagnosis, voltage limitation (charge and discharge) and communication of performance data Optional forklift truck integration via CAN protocol Engineered with multiple layers of safety CE certified to meet EU safety, health and environmental protection requirements EnerSys® NexSys® iON batteries are available in multiple voltages, including 24V, 36V, 48V and now 80V. Additionally, fast- and opportunity-charging NexSys® iON batteries with high output NexSys®+ chargers provide added user convenience and enhanced fleet efficiency. Utilizing a proprietary EnSite™ modeling software, EnerSys can work directly with the customer to right-size a NexSys® iON battery and NexSys+ charger to their vehicle fleet, helping to eliminate the unwanted downtime and unnecessary stress associated with premature battery failure from improper installation, equipment fitting or charging practices.
JLG publishes new Accessories Resource Guide on #DirectAccess
JLG Industries, Inc., a global manufacturer of mobile elevating work platforms (MEWPs) and telehandlers, has released its new resource guide Accessorized on #DirectAccess to provide customers with information about add-on JLG® accessories that can increase operators’ job site productivity, provide additional safety measures and/or extend the machine’s efficiency in certain applications. “When a crew needs to get work done at height, a JLG scissor lift or boom lift equipped with the right accessories can be one of the most effective tools to help them get the job done,” says Nancy DeZarn, Senior Marketing Manager – Aftermarket, JLG. “For example, some accessories are designed to conserve platform space, while others improve job site working conditions or help complete overhead work in welding, electrical, plumbing and maintenance applications.” In this whitepaper, JLG outlines the different options for accessories available for equipment owners and operators and provides information on how to purchase these equipment add-ons. Get your free copy of the Accessorized whitepaper, available for download now, on #DirectAccess by clicking here.
Tompkins Solutions names Dan Bryan Vice President of Sales
Tompkins Solutions, a supply chain consulting and material handling integration firm, just announced that Dan Bryan has joined the company as vice president of sales. In this role, Bryan will be responsible for driving sales growth and identifying opportunities to deliver value to existing and prospective customers. Bryan has more than two decades of experience leading sourcing and logistics initiatives and business development efforts for organizations ranging from small startups to Fortune 500 companies. Prior to joining Tompkins, Bryan was partner and vice president for Blue Spring Partners, and also held senior management positions with Overstock.com, iFit (formerly Icon Health & Fitness) and UPS Supply Chain Solutions. “Dan’s extensive background in supply chain and logistics and demonstrated success helping companies achieve revenue targets and reduce costs will be invaluable to both our clients and our organization,” said David Latona, CEO of Tompkins Solutions. “We’re excited to have him on board and help us continue to deliver results-driven supply chain solutions to our customers.”
Women In Trucking measures Gender Diversity in leadership roles
New data from the 2023 WIT Index recently released by the Women In Trucking Association (WIT) has provided a new measurement of percentages of women in corporate leadership within the commercial freight transportation industry. The WIT Index is the industry barometer that benchmarks and measures each year the percentage of women who make up various critical roles in transportation. Included are percentages of women who are in leadership roles, in the C-suite, and serving on boards of directors of companies within the transportation industry. The 2023 WIT Index found that an average of 36.9% of company leaders, defined as professionals with supervisory responsibilities, are women. The 2023 WIT Index also found that an average of 31.6% of C-suite executives are women. In addition, the 2023 WIT Index indicated that women comprise 28.4% of boards of directors of responding companies. Initiated in 2016, the index is based upon reported statistics by companies in transportation, including for-hire trucking companies, private fleets, transportation intermediaries, railroads, ocean carriers, equipment manufacturers, and technology companies. Data involving the 2023 WIT Index was confidentially gathered from January through April of 2023 from 350 participating companies of various sizes operating in the trucking industry. Percentages are reported only as aggregate totals of respondents rather than by individual company. “The presence of female leaders in transportation is critical because they bring a broader range of diverse thought, skill sets, and experiences to the workplace,” said Jennifer Hedrick, president and CEO of WIT. “Companies that boast a higher representation on their boards notably outperform organizations that do not,” she continues. “Research has shown that companies with greater gender diversity, not just within their workforce but directly among senior leadership, are significantly more profitable than those without.” For more information on the WIT Index and to download a full executive summary of the 2023 WIT Index findings, visit https://www.womenintrucking.org/index. Click here for Company Leaders – Percentage of Women Click here for C-Suite Executives – Percentage of Women Click here for Females Serving on Boards of Directors
Herc Holdings reports strong Second Quarter 2023 results and reaffirms full-year 2023 Guidance
Record equipment rental revenue of $702 million, an increase of 16% Record total revenues of $802 million, an increase of 25% Net income increased to $76 million, or $2.66 per diluted share, an increase of 12% Adjusted EBITDA of $352 million increased 24%; adjusted EBITDA margin at 43.9% Rental pricing increased 7.8% year-over-year Common stock repurchases of approximately 520,000 shares Herc Holdings Inc. has reported financial results for the quarter ended June 30, 2023. Equipment rental revenue was $702 million and total revenues were $802 million in the second quarter of 2023, compared to $605 million and $640 million, respectively, for the same period last year. In the second quarter of 2023, the Company reported net income of $76 million, or $2.66 per diluted share, an increase of 12% compared to $73 million, or $2.38 per diluted share, in the same 2022 period. “We continue to generate strong, double-digit growth as a result of sound strategies and an unmatched team of product and logistics experts that embody a customer-first mindset,” said Larry Silber, president and chief executive officer. “In the second quarter, Team Herc increased equipment rental revenue by 16% on 7.8% higher pricing, despite continued supply chain inefficiencies and labor disruptions in the film and television industry, which has all but halted our studio entertainment business. Growth in national account revenue and local market expansion through acquisitions and greenfield locations drove rental revenue higher, while strong returns on fleet sales represented an incremental benefit to total revenue. This, coupled with cost efficiencies, supported a 24% increase in Adjusted EBITDA year over year. “Our non-residential and industrial markets are healthy and growing with outsized opportunities coming from federally funded, large-scale infrastructure and mega projects. The favorable market environment coupled with our expanding branch network, broad selection of premium equipment, leading customer experiences, comprehensive fleet management services and advanced technologies position us to continue to capture above-market growth in 2023 and over the long-term,” said Silber. 2023 Second Quarter Financial Results Total revenues increased 25% to $802 million compared to $640 million in the prior-year period. The year-over-year increase of $162 million primarily related to an increase in equipment rental revenue of $97 million, reflecting positive pricing of 7.8% and increased volume of 17.3%. Sales of rental equipment increased by $64 million during the period. Dollar utilization was 40.3% compared to 42.5% in the prior-year period. The change is primarily due to a slowdown in the studio entertainment business as a result of labor disruptions in the film and television industry, as well as the continued supply chain challenges that have disrupted the normal cadence of deliveries. Direct operating expenses of $282 million increased 14% compared to the prior-year period. The increase was primarily related to strong rental activity and associated additional headcount, in addition to higher maintenance and facilities expenses as we increase our fleet size and expand our branch network. Depreciation of rental equipment increased 24% to $161 million due to higher year-over-year average fleet size. Non-rental depreciation and amortization increased 22% to $28 million primarily due to amortization of acquisition intangible assets. Selling, general and administrative expenses was $111 million, or 14% higher primarily due to increases in general payroll and benefits, credit and collection expense, and selling expenses, including commissions and other variable compensation increases. Interest expense increased to $54 million compared with $25 million in the prior-year period due to higher interest rates on floating rate debt and increased borrowings on the ABL Credit Facility primarily to fund acquisition growth. Net income was $76 million compared to $73 million in the prior-year period. Adjusted net income increased 3% to $77 million, or $2.69 per diluted share, compared to $75 million, or $2.47 per diluted share, in the prior-year period. The effective tax rate was 26% in both periods. Adjusted EBITDA increased 24% to $352 million compared to $284 million in the prior-year period and adjusted EBITDA margin was 43.9% compared to 44.4% in the prior-year period. A decline in the Company’s studio entertainment revenue year over year, as well as sales of used equipment, which more than quadrupled over last year’s second quarter sales, impacted the margin performance in the latest quarter. 2023 First Half Financial Results Total revenues increased 28% to $1,542 million compared to $1,208 million in the prior-year period. The year-over-year increase of $334 million was related to an increase in equipment rental revenue of $224 million, reflecting positive pricing of 7.4% and increased volume of 20.0%. Sales of rental equipment increased $107 million during the first half of 2023. Dollar utilization decreased to 40.0% compared to 42.0% in the prior-year period. The change is primarily due to a slowdown in the studio entertainment business as a result of labor disruptions in the film and television industry, as well as the continued supply chain challenges that have disrupted the normal cadence of deliveries. Direct operating expenses of $563 million increased 19% compared to the prior-year period. The increase was primarily related to strong rental activity and associated additional headcount, in addition to higher fuel, maintenance and facilities expenses as we increase our fleet size and expand our branch network. Depreciation of rental equipment increased 26% to $313 million, due to higher year-over-year average fleet size. Non-rental depreciation and amortization increased 23% to $54 million primarily due to amortization of acquisition intangible assets. Selling, general and administrative expenses was $217 million, or 17% higher primarily due to increases in selling expenses, including commissions and other variable compensation, credit and collections expense, and general payroll and benefits. Interest expense increased to $102 million compared with $48 million in the prior-year period due to higher interest rates on floating rate debt and increased borrowings on the ABL Credit Facility primarily to fund acquisition growth. Net income was $143 million compared to $131 million in the prior-year period. Adjusted net income increased 9% to $146 million, or $5.03 per diluted share, compared to $134 million, or $4.41 per diluted share, in the prior-year period. The effective tax rate was 20% in the first half of 2023 compared to 21% in the
Hyster receives green award for developing clean power solutions for materials handling equipment
Hyster Company announces its selection as a 2023 Green Supply Chain Partner by Inbound Logistics magazine. The award honors Hyster® for innovating clean power solutions that help operations in intensive industries like ports and manufacturing mitigate environmental impact and meet growing sustainability regulations and goals. In keeping with its commitment to develop industry-first solutions, Hyster is at the forefront of electrifying higher-capacity equipment that has traditionally relied on internal combustion engine (ICE) power. The company’s innovations in hydrogen fuel cell-powered (HFC) port equipment resulted in the first-ever real-world pilot of an HFC-powered top-pick container handler, located at Fenix Marine Services in the Port of Los Angeles. The container handler is designed to provide the zero emissions benefits of a battery electric option, but with enough energy capacity to keep operations moving for a full shift, avoiding the need to interrupt productivity by stopping to recharge or refuel. This single truck is expected to reduce carbon emissions by 127 tons and reduce criteria pollutants by half a ton over the course of a year, according to the Center for Transportation and the Environment. Hyster also has planned pilots for an HFC-powered reachstacker at the Port of Valencia in Spain, an HFC-powered empty container handler and terminal tractor in Hamburg, Germany and is working with Capacity Trucks to develop electric and hydrogen-powered terminal tractors. In developing these solutions, Hyster draws on a wealth of experience in electric forklift design with the company’s line of smaller, lighter-capacity equipment, for which Hyster offers extensive electric power options. This recognition as a Green Supply Chain Partner is its fourth honor in a row and follows on the heels of the company’s selection by the Sustainable Energy Council (SEC) as one of four finalists in the industrial application category of the World Hydrogen 2023 Awards. “Increasingly, companies and government bodies are grappling with the task of limiting emissions and pursuing sustainability,” says Herman Klaus, Director, Big Truck Application Solutions, Hyster Company. “As we continue to expand green options, we’re helping our customers obtain the right clean power solution to help them meet their emissions reduction targets, even in applications where electrification might not have seemed possible before.”