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Kinedyne cenelrating 50th anniversary

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BRANCHBURG, N.J. — Kinedyne, a global designer, manufacturer and distributor of cargo control technologies, including cargo securement, capacity and access solutions for the transportation industry, is celebrating its 50th-anniversary.

“As Kinedyne North America reaches this momentous 50-year milestone in our corporate history, we pause and reflect on our five decades of accomplishments and service to the commercial vehicle industry and government,” Dan Schlotterbeck, president of Kinedyne, said. “As our remarkable history demonstrates, Kinedyne always has been and remains committed and uniquely qualified to provide innovative solutions to the industry that meet whatever challenges we will face together in the next 50 years.”

Part of Kinedyne’s celebration included the release of a new commemorative logo and video, with a new website to be unveiled in 2019.

The 50th-anniversary video examines the company’s history decade by decade, highlighting important milestones along the way. The new video is now available on Kinedyne’s YouTube channel and on the company’s website. Special 50th-anniversary observances have been held at all corporate locations and at Kinedyne’s annual sales and operations management conference held in Nashville, Tennessee.

Founded by Jim Klausmann in 1968, the original business entity was called Kinedyne Corp., the name “Kinedyne” being derived from the words “kinetics” and “dynamics.” The fledgling company swiftly built a reputation for quality and service, gaining attention and creating a following within the North American trucking industry.  With time also came the establishment of international affiliates that today include Kinedyne Canada Limited in Canada, Sistemas Kinedyne, S.A. de C.V. in Mexico and Nantong Kinedyne Limited in China.

Since its founding, Kinedyne has steadily broadened its original focus on cargo securement. In the mid-90s, the company expanded its offering to include specialized cargo capacity products with the introduction of its Kaptive Beam Double Decking System that allows trailers to double their volume.

In 2016, Kinedyne magnified its leadership role with the introduction of its revolutionary new Kin-Slider and Kin-Sider curtain-side cargo access systems. In 2017, the company introduced the first load-rated curtain-side access system in North America, as well as a new aerial access sliding roof system.

“Kinedyne’s expansion into curtain-side cargo access technology has been the logical next step in our continuing evolution as ‘The Cargo Control People!’,” Paul Wolford, vice president of sales and marketing for Kinedyne LLC, said. “We believe that with better cargo securement, greater cargo capacity and faster cargo access technologies, we can make the increasingly complex shipping environment just a little easier for the industry to deal with, today and as the future unfolds.”

Wolford said Kinedyne’s broad line of cargo control, capacity and access products can be purchased through Kinedyne’s extensive distribution network, which includes thousands of outlets across North America.

Users can find distributor locations near them by calling Kinedyne’s customer service department at (800) 848.6057 in the U.S., (800) 268.3530 in Canada and (011) 5255.53184844 in Mexico.

Users can find Kaptive Beam cargo capacity product distributor locations near them by calling Scott Frazier, national account manager for Kaptive Beam sales, at (908) 285.3528. Users can find Kin-Sider and Kin-Slider curtain-side cargo access systems distributor locations near them by calling Eric Smitsdorff, product manager cargo access technologies, at (908) 285.3529.

To view Kinedyne’s 50th-anniversary video click here.

 

 

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FTR’s Shippers Conditions Index improves again in June up two point to 8.8

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The chart shows that the 2019 Shippers Condition Index is considerable higher that for the comparable period in 2018. (Courtesy: FTR)

BLOOMINGTON, Ind. — FTR’s Shippers Conditions Index (SCI) rose to a good positive reading in June of 8.8, up two points from the updated May measure.  The June SCI reading is the strongest since February 2016.

Freight-related indicators are mixed, FTR said.

Manufacturing is growing very slowly, and construction is weaker. However, consumer spending remains strong.  Truckload rates are about 7.5% below 2019 with spot rates down nearly 18% whereas less-than-truckload rates have been higher this year.

Both are expected to decline in 2020.   Intermodal rates continue to be soft with rail expecting 5% growth in 2019.

“The relatively weak rate environment for truckload allows it to compete more effectively with intermodal,” said Todd Tranausky, vice president of rail and intermodal at FTR. “Intermodal volumes have been stymied by trade headwinds, changes in rail service offerings, overall rail service levels, and the weak truck market. International and domestic intermodal each struggled in June with weak results.”

The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market. These conditions are: freight demand, freight rates, fleet capacity, and fuel price. The individual metrics are combined into a single index that tracks the market conditions that influence the shippers’ freight transport environment. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. The index tells you the industry’s health at a glance. In life, running a fever is an indication of a health problem. It may not tell you exactly what’s wrong, but it alerts you to look deeper. Similarly, a reading well below zero on the FTR Trucking Conditions Index warns you of a problem…and readings high above zero spell opportunity. Readings near zero are consistent with a neutral operating environment. Double digit readings (both up or down) are warning signs for significant operating changes.

 

 

 

 

 

 

 

 

 

 

 

 

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Descartes Systems Group acquires BestTramsport.com for $11.2 million

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BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. (Courtesy: DESCARTES)

WATERLOO, Ontario — Descartes Systems Group, a global company that unites logistics-intensive businesses in commerce, said it had acquired BestTransport.com Inc. (BestTransport), a cloud-based transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors.

BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years.

Shipper and carrier customers leverage BestTransport’s platform to more efficiently manage numerous shipments each year across North America and Europe, according to Andrew Roszko, executive vice president of global sales at Descartes, adding that the company offers a full TMS suite of solutions from contract rate management through to load building, shipment execution and freight payment, with extensive capabilities for flatbed transportation moves.

“Moving goods in the flatbed market requires domain expertise and special equipment, and the associated transportation management processes have some unique characteristics,” Roszko said. “BestTransport has built a great business by creating a platform that addresses these unique characteristics with solutions available for both shippers and carriers.”

“BestTransport, like Descartes, sees the value in creating a common platform for multiple constituents to collaborate and manage the lifecycle of shipments,” said Edward J. Ryan, Descartes’ CEO. “By combining BestTransport’s platform with our Global Logistics Network, we can offer additional solutions to the community, such as Descartes MacroPoint Visibility and Capacity Matching. We welcome the BestTransport team of domain experts and community of customers to Descartes.”

BestTransport is headquartered in Columbus, Ohio. Descartes acquired BestTransport for $11.2 million, net of working capital, satisfied from Descartes’ existing line of credit.

 

 

 

 

 

 

 

 

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ATA Freight Forecast projects 25.6% increase in tonnage by 2030

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ARLINGTON, Va. — The American Trucking Associations Wednesday released its latest ATA Freight Transportation Forecast: 2019 to 2030, an annual projection of the state of the freight economy, showing continued growth in the industry.

“America’s trucking industry, and the overall freight transportation industry, are poised to experience strong growth over the next decade as the country’s economy and population grow,” said ATA Chief Economist Bob Costello. “Our annual Freight Forecast is a valuable look at where we are headed so leaders in business and government can make important decisions about investments and policy.”

Among the findings in this year’s Freight Forecast:

  • Overall freight tonnage will grow to 20.6 billion tons in 2030, up 25.6% from 2019’s projection of 16.4 billion tons.
  • Freight industry revenues will increase 53.8% to $1.601 trillion over the next decade.
  • Trucking’s share of total freight tonnage will dip to 68.8% in 2030 from 71.1% this year, even as tonnage grows to 14.2 billion tons in 2030 from 11.7 billion tons.
  • Truckload volume will have an average annual expansion of 1.5% a year through 2024 and 2.1% for 2025-2029.
  • Less than truckload volume will have an average annual expansion of 1.8% through 2024 and 2% for 2025-2020.
  • Private carrier volume will have an average annual expansion of 1.5% percent year through 2024 and 2.2% per year for 2025-2029.
  • In 2019, truckload will handle 71.1% of truck freight volume, LTL 0.9% and private truck 35.1%
  • Trucking and total rail transportation will lose relative market share, even as revenues and tonnage grows, while intermodal rail, air and domestic waterborne transportation will show modest growth and pipeline transportation will experience explosive growth – surging 17.1% in tonnage and 8.6% in revenue over the next decade.

As with any industry, forecasts are in part based on what’s happening with the U.S. economy.

The executive summary of the Freight Forecast notes that the forecast is being released when the U.S.  economy is experiencing some volatility as uncertainties mount.

“Despite prospects for solid trend-like growth in the U.S. in 2019, investor concerns over rising risks of a downturn after 2019, stoked by developments abroad and policy concerns, resulted in sharply worsening financial conditions in late 2018.

“Helped by a dovish pivot in Federal Reserve Board monetary policy, a recovery in financial conditions is now supporting Gross Domestic Product (GDP) growth above trend. The second estimate of first-quarter 2019 U.S. GDP growth was 3.1%, up from 2.2% in the fourth quarter of 2018 and in line with the strong 2.9% economic growth for 2018. The healthy economy in 2018 resulted in a very strong freight market for the year.

“The robust first-quarter pace of 2019 economic growth is expected to be temporary, as it was driven by two sources of strength that could easily reverse later this year: inventory investment and net exports. Both components are volatile and rarely indicative of underlying momentum in the economy.

“Real 2019 GDP growth is expected to moderate beginning in the second quarter, and we look for a 2.7% increase for calendar year 2019. We predict annual real GDP growth will slow further to 2.1% in 2020 and 1.8% in 2021, with implications for slower growth in freight transportation demand.

“Freight Forecast clearly lays out why meeting challenges like infrastructure and workforce development are so critical to our industry’s success,” said ATA President and CEO Chris Spear. “It belongs on the desk of every decision maker in our industry and in the supply chain.”

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