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Analysis shows online marketplaces set to exceed $7T by 2024

This rise is driven by more and more companies embracing marketplaces as a platform to facilitate online sales, expedite cross-border expansion, increase product range and improve logistics, costs and operations.
October 31, 2019
New analysis from iBe, a pan-European financial services advisory firm, found that online marketplaces could be worth as much as $7 trillion in sales by 2024.
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Report reveals truck refrigeration market worth $15B by 2025

The medium and heavy commercial vehicle (M&HCV) segment has shown tremendous growth in terms of production in recent years.
October 31, 2019
The truck refrigeration unit market is projected to reach $15 billion by 2025, at a CAGR of 5.21%, according to a report published by MarketsandMarkets, New York.
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Lantronix to acquire Intrinsyc Technologies

The transaction will bring immediate scale to Lantronix, adding complementary IoT computing and embedded product development capabilities.
October 31, 2019
Lantronix, Inc., Irvine, Calif., announced plans to acquire Intrinsyc Technologies Corp., Canada.
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Tyson Fresh Meats case-ready beef and pork processing facility

Tyson Fresh Meats breaks ground on case-ready beef, pork plant for Portioned Protein Innovations team

The plant will be a case-ready, meat-cutting and packaging operation that converts fresh beef and pork brought in from other locations into steaks, chops, roasts and ground beef.
October 30, 2019
Tyson Fresh Meats, Springdale, Ark., broke ground on a new case-ready beef and pork processing facility in Eagle Mountain City, Utah, as part of its newly formed Portioned Protein Innovations team.
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SGS opens state-of-the-art food testing laboratory

The microbiological testing facility utilizes a robust information technology platform to offer a broad spectrum of testing services across every food category.
October 30, 2019
SGS opened a new food microbiological testing laboratory at its Fairfield, N.J., headquarters location.
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Honeywell establishes robotics innovation hub for next-generation distribution centers

Honeywell Robotics will help shape the warehouse and distribution center of the future, particularly as companies look to automated solutions, software and robotics.
October 30, 2019
Honeywell, Charlotte, N.C., created Honeywell Robotics, an advanced technology center of excellence focused on innovating and developing artificial intelligence (AI), machine learning, computer vision and advanced robotics for use across supply chains.
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Report: Small businesses see U.S. trade as driver of overall economic growth

Nearly three in four (74%) businesses surveyed said that expanding opportunities between the United States and customers in other countries will increase job growth in the United States.
October 30, 2019
Small business leaders increasingly view U.S. participation in global trade as the way to improve the overall economy and create American jobs, according to the fifth FedEx Trade Index.
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NewSpring invests in Joseph’s Frozen Foods

Joseph’s manufactures frozen Italian pastas, specialty sauces, tray meals and other food kits for national restaurant chains, foodservice distributors, retailers and other industrial clients.
October 29, 2019
NewSpring Capital, Radnor, Pa., announced that NewSpring Mezzanine, the firm’s mezzanine strategy, completed its investment to support the acquisition of Joseph’s Frozen Foods, Haverhill, Mass., in partnership with LaSalle Capital, Chicago.
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