Volkswagen, Tesla, Electric Boat and other manufacturers are teaming up with high schools to implement training programs that will help them develop employees. Rhode Island's state government has partnered with companies and put funding toward modern training subjects such as IT.
US East Coast ports saw container imports hit a record high in June, indicating improvements since the expansion of the Panama Canal in 2016 have paid off. While volumes are still lower than at West Coast ports, East Coast ports have benefited from strong global trade ahead of imposed import tariffs.
Amazon invested $386 million into Amazon Seller Services, a component of its Amazon India arm, upping its full investment in the country to about $4 billion over the past five years. The company is investing heavily in warehouses and logistics operations.
Freight brokers have seen net operating profits increase 23% year over year in the second quarter, and purchased transport costs for dry van services climbed 37%, according to a survey from DAT Solutions. Cost controls along with strong volume growth have helped brokers offset increasing freight rates.
Leaders have to do a lot of talking, but they need to remember when to stop and listen, writes Peter Tourian, CEO of SYNERGY HomeCare. Otherwise, they'll miss out on valuable insight from customers, employees and other stakeholders about how to improve their business, he writes.
Avnet has realized in recent years that it needs to be involved earlier in the product life cycle, says CEO William Amelio. "We've now had four quarters in a row where we either beat or met our commitments," he says.
Applied Industrial Technologies' profitable fourth quarter saw sales increase by 31.7%, largely driven by purchasing FCX Performance. The company posted a full-year profit of $141.6 million on revenue of $3.07 billion, with both figures up from fiscal 2017.
Strong relationships with suppliers and carriers can help companies better manage inbound logistics, as can emphasizing full truckloads and creating dynamic rate allowances, writes Kuebix President Dan Clark. "Unloading 10 to 14 different LTL shipments can be five times the cost of unloading a single truckload," he writes.
Chinese recyclers of copper and other materials are diverting US scrap shipments before China's 25% tariff on such imported materials goes into effect Aug. 23. "The impact will be draconian on both US scrap processors and Chinese consumers," said consultant Michael Lion.
Gold Medal Group has proposed to relocate a Philadelphia facility next to a solid-waste management facility. The plan is to use biological-enzyme and mechanical processes to turn mixed waste into a fuel that can be used in such industrial uses as cement kilns, says executive Mike Schmidt.