Equity company invests in Martins as a major shareholder
MARTINS Industries, a global provider of equipment and supplies for tires and wheels based in Farnham, Quebec, has announced that Walter Capital Partners is now a major shareholder. This transaction is intended to support MARTINS as it implements its acquisition-based growth strategy to consolidate its position as a leader in its industry. “With Walter Capital Partners, we can count on a remarkable partner to help us fast-track the...
Wolter Inc. expands into Atlanta, GA with acquisition of Dedicated Material Handling Solutions
Wolter Inc., a provider of material handling solutions in seven Midwest states, has strategically expanded its footprint by acquiring Dedicated Material Handling Solutions (DMHS). With two established locations in Buford and Atlanta, GA, DMHS has a strong presence in the Atlanta metro market, positioning Wolter Inc. for significant growth in the Southeastern United States. This acquisition enables Wolter Inc. to bring its...
Revised employment statistics and the policy implications on plastics
The Bureau of Labor Statistics (BLS) recently released the 2024 Preliminary Benchmark Revision of the Current Employment Statistics (CES), revealing that total nonfarm jobs were 818,000 fewer than previously estimated for the twelve months ending in March 2024. While CES survey employment estimates are benchmarked annually against comprehensive March employment counts, the magnitude of this downward revision has raised concerns....
Zion Solutions Group partners with Lakeshore Learning to launch State-Of-The-Art distribution center
In a significant step toward redefining supply chain efficiency and boosting the local economy, Lakeshore Learning hired Zion Solutions Group, a trailblazer in advanced supply chain integration, to help implement a cutting-edge 1.2 million square foot distribution center in Garland, Utah. This collaboration is set to create over 500 jobs, showcasing an unparalleled commitment to innovation and community development. “Our relationship...
AAR reports Rail Traffic for the week ending August 31, 2024
Today, the Association of American Railroads (AAR) reported U.S. rail traffic for the week ending August 31, 2024. This week’s total U.S. weekly rail traffic was 516,632 carloads and intermodal units, up 8.4 percent compared with the same week last year. Total carloads for the week ending August 31 were 233,278, up 1.0 percent from the same week in 2023, while the U.S. weekly intermodal volume was 283,354 containers and...
August 2024 Logistics Manager’s Index Report® LMI® at 56.4
Growth is INCREASING AT AN INCREASING RATE for Inventory Levels, Inventory Costs, Warehousing Capacity, Warehousing Prices, Transportation Capacity, and Transportation Utilization. Growth is INCREASING AT A DECREASING RATE for Warehousing Utilization and Transportation Prices The Logistics Manager’s Index reads in at 56.4, down slightly (-0.1) from July’s reading of 56.5. The overall index has now increased for nine consecutive...
RSS Raises Profile at LiftEx 2024
Rope and Sling Specialists Ltd. (RSS) will return as a lead sponsor and take a new exhibit to LiftEx 2024, which takes place 16-17 October at London’s Olympia. See RSS at Stand 40. Having steadily grown its presence at the Lifting Equipment Engineers Association’s (LEEA) flagship event, RSS will again sponsor the water bottles and lanyards, while a larger hospitality area will be at the center of a new-look stand. The exhibit will be...
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