Skip to content
Search AI Powered

Latest Stories

Automation vendor Duravant acquires T-TEK Material Handling

Illinois firm says move expands its reach in the growing packaged food and beverage sector.

TTEK Robotic-10-e1632177287692-panorama-e3fd9a0d185f4f91d9210cff42d89679-6130eb03156ed.jpg

The Illinois-based automation solutions provider Duravant has acquired T-TEK Material Handling LLC, a manufacturer of high-speed packaging machinery and systems solutions headquartered in Montgomery, Alabama.

T-TEK makes end-of-line equipment including palletizers, depalletizers, conveyors, and custom automated lines for producers of packaged food, beverage, and consumer products.


Duravant called the move a strategic acquisition that will expand its reach in the growing packaged food and beverage sector. T-TEK’s portfolio complements Duravant’s product offering across its nVenia, Mespack, and Wulftec brands, all members of Duravant’s packaging segment.

“T-TEK’s technology and equipment offering aligns perfectly with palletizing solutions offered by nVenia,” David Malinas, chief operating officer for Duravant, said in a release. “We now have a complete, comprehensive solution set for all palletizing applications. And with adjacent load containment solutions offered through Wulftec’s premier stretch wrapping and strapping technologies, customers have a trusted source for all their end-of-line packaging needs.”

Terms of the deal were not disclosed. But the news marks Duravant’s latest acquisition, since buying Texas-based National Presort LP (NPI), a provider of automated sortation solutions, in 2023.


 

 

 

Recent

More Stories

aug24-lmi_orig.png

Logistics economy expanded in August

Economic activity in the logistics industry expanded in August, though growth slowed slightly from July, according to the most recent Logistics Manager’s Index report (LMI), released this week.

Keep ReadingShow less

Featured

photo-1556740772-1a741367b93e.jpeg

NRF: U.S. is on the cusp of nailing a “soft landing” in inflation fight

With the economy slowing but still growing, and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, according to the National Retail Federation (NRF).

“The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of 2024,” NRF Chief Economist Jack Kleinhenz said in a release. “Instead, it appears that the economy is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation.”

Keep ReadingShow less
xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
seegrid CR1_Renders_1-2_11zon.png

Seegrid lands $50 million backing for autonomous lift trucks

Seegrid Corp., which makes autonomous mobile robots (AMRs) for pallet material handling, has landed $50 million in new financial backing to accelerate its autonomous lift truck initiatives, which are generating more growth than expected, the company said today.

“Unrelenting labor shortages and wage inflation, accompanied by increasing consumer demand, are driving rapid market adoption of autonomous technologies in manufacturing, warehousing, and logistics,” Seegrid CEO and President Joe Pajer said in a release. “This is particularly true in the area of palletized material flows; areas that are addressed by Seegrid’s autonomous tow tractors and lift trucks. This segment of the market is just now ‘coming into its own,’ and Seegrid is a clear leader.”

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less