KION with strong financial year 2024
Efficiency program resolved to strengthen resilience Preliminary and unaudited group results for the financial year 2024 published – significant increase in profitability Executive Board resolves efficiency program to maintain headroom for future investments The KION Group finished the financial year 2024 with strong results: With slightly improved revenue of € 11.5 billion (2023: € 11.4 billion), adjusted EBIT significantly...
Ati Motors secures $20M Series B to expand AI robotics globally
Walden Catalyst Ventures and NGP Capital Lead Investment to fuel Ati Motors Global Expansion across North America and APAC. Ati Motors has announced a $20 million Series B investment led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP) with participation from current investors including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures. The funding comes on the heels of Ati Motors’...
AAR reports Rail Traffic for the week ending February 1, 2025
Today, the Association of American Railroads (AAR) reported U.S. rail traffic for the week ending February 1, 2025. For this week, total U.S. weekly rail traffic was 513,622 carloads and intermodal units, up 4.5 percent compared with the same week last year. Total carloads for the week ending February 1 were 222,071 carloads, down 0.1 percent compared with the same week in 2024, while U.S. weekly intermodal volume was 291,551...
PLASTICS Industry Association expresses concern about new tariffs
Urges trade policies that strengthen U.S. manufacturing PLASTICS President and CEO Matt Seaholm issued the following statement regarding the Trump Administration’s new tariffs on Canada, Mexico, and China: “The plastics industry recognizes the importance of securing our borders and combating illegal drug trafficking to protect American communities. A strong and secure nation is fundamental to economic growth and industrial stability....
Strong end to 2024 despite mixed signals for Manufacturing Technology
The U.S. Bureau of Economic Analysis released their first estimate of GDP for the fourth quarter of 2024. According to the first estimate, GDP grew 2.3% at an annualized rate. This increase was driven by strong consumer demand, particularly from demand for durable goods, but held back by lagging investment, particularly for new equipment. Including the fourth quarter, GDP expanded by 2.8% through all of 2024. “Today’s GDP print...
RAYMOND announced Purdue as 2025 funding recipient for university research program
The Raymond Corporation has selected a new research proposal from Purdue University to receive funding through its University Research Program. After reviewing innovative research ideas from more than 19 universities, Raymond has selected the following proposal from Purdue to receive financial support: The Value of Limited Flexibility in Future Logistics Systems – Proposal Author: Assistant Professor Reem Khir, Edwardson School...
Toyota Material Handling MidSouth’s forklift donation raises $40K for higher education
Toyota Material Handling MidSouth showcased its dedication to fostering the next generation of industry professionals by donating a 5,000-pound-capacity Toyota Core IC Pneumatic forklift to the Concrete Industry Management’s (CIM) annual charity auction on January 22. The forklift’s winning bid of $40,000 significantly contributed to the auction’s total proceeds of $2.15 million, supporting CIM’s mission to address the growing demand...