Rail

NTT Communications: Digital Event Connects Tokyo and Kanazawa via World's Longest IOWN APN to Commemorate Hokuriku Shinkansen Line's Extension

Retrieved on: 
Wednesday, March 27, 2024
Data Management, Consumer Electronics, Technology, Events, Concerts, Mobile, Wireless, Music, 5G, Entertainment, Metaverse, Rail, Security, Transport, Artificial Intelligence, Audio, Video, Telecommunications, IOT (Internet of Things), Software, Networks, Primary, Secondary, Internet, Education, NTT Communications, Wireless network, Communication, Environment, Internet of things, Tablet, NTT DOCOMO, APN, West Japan Railway Company, Nippon Telegraph and Telephone, NTT, Multimedia, Shinkansen, Hokuriku Shinkansen, Kanazawa Station, Mobile phone

For the connection, NTT Com provided its APN Leased Line Plan powered by IOWN,2 which used the longest optical cable ever deployed in an IOWN demonstration and the first to be deployed in Japan's Hokuriku region.

Key Points: 
  • For the connection, NTT Com provided its APN Leased Line Plan powered by IOWN,2 which used the longest optical cable ever deployed in an IOWN demonstration and the first to be deployed in Japan's Hokuriku region.
  • Kanazawa City provided the demonstration environment and operated the venue in its area and NTT Com provided the APN transmission equipment and the venue in Tokyo.
  • This was the first time in Japan that a metaverse space open to the public was used for a music event.
  • https://www.rd.ntt/e/iown/
    2 NTT Com began offering APN communication services spanning prefectures from March 1 to meet customers' needs for advanced communication infrastructure.

Ancora Sends Letter to Norfolk Southern Shareholders Regarding the Three-Year Path to Superior Performance and Significant Value Creation

Retrieved on: 
Tuesday, March 26, 2024
Rail, Professional Services, Transport, Finance, Proxy, Norfolk Southern Railway, Letter, Annual general meeting, NSC

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today announced that it is filing a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of seven highly qualified director candidates for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) scheduled for May 9, 2024.

Key Points: 
  • Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today announced that it is filing a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of seven highly qualified director candidates for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) scheduled for May 9, 2024.
  • Additionally, Ancora sent a letter to shareholders regarding its leadership team’s three-year path to superior performance and significant value creation at Norfolk Southern.
  • A copy of the letter sent to shareholders is available to download here .
  • For more information on how to vote for Ancora’s full slate on the BLUE Proxy Card, visit www.MoveNSCForward.com .

Laser Photonics Corporation Enters Distribution Agreement With Incredible Supply & Logistics for Its Military & Industrial Laser Solutions

Retrieved on: 
Thursday, March 21, 2024
Automotive, Textiles, Steel, Packaging, Utilities, Engineering, Chemicals, Plastics, Automotive Manufacturing, Aerospace, Energy, Manufacturing, Logistics, Supply Chain Management, VoIP, Public Transport, Contracts, Satellite, Small Business, Trucking, Rail, General Health, Maritime, Defense, Air, Transport, Telecommunications, General Automotive, Health, Commercial Building & Real Estate, Construction & Property, Technology, Building Systems, Professional Services, Government, ISL, LPC, Partnership, MRO, Industrial Distribution, Coast guard, Missile Defense Agency, Defense Logistics Agency, Navy, Army, 3D printing

Laser Photonics Corporation (NASDAQ: LASE) ( LPC ), a leading global developer of industrial laser systems for laser cleaning and other material processing applications announced today that it has entered into a distribution agreement with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting, and third-party logistics (3PL) company specializing in supporting federal government customers and defense contractors as well as serving the maritime & space communities.

Key Points: 
  • Laser Photonics Corporation (NASDAQ: LASE) ( LPC ), a leading global developer of industrial laser systems for laser cleaning and other material processing applications announced today that it has entered into a distribution agreement with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting, and third-party logistics (3PL) company specializing in supporting federal government customers and defense contractors as well as serving the maritime & space communities.
  • “This partnership will increase our customer base and expand our distributor network while equipping an industry-leading supplier with the cutting-edge industrial laser solutions that Government and Defense clients have been demanding,” said Wayne Tupuola, CEO of Laser Photonics.
  • Laser Photonics joined with ISL in mid-February 2024.
  • As part of this vendor agreement, the initial products that will be offered through ISL will include:

Comstock Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Thursday, March 21, 2024
Building Systems, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Transportation, Travel, Other Transport, Rail, Transport, Urban Planning, REIT, Landscape, Interior Design, Public Transport, Architecture, Other Construction & Property, CHCI, Growth

Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced its financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced its financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • “Our fiscal 2023 results underscore the strength and resiliency of the growth engine we’ve built at Comstock,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer.
  • “It is our goal to provide best-in-class service to our clients and deliver value to our stakeholders.
  • Our robust pipeline of development assets continues to expand as well, positioning us for sustainable, long-term success.”

Prime Insurance Company Obtains Defense Verdict in Louisiana Courts

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Trucking, Rail, Transport, Legal, Insurance, Other Transport, Injury, Recreation, Accident, Shoulder, AM Best, Rail transport

Prime Insurance Company obtained a defense verdict on March 5, 2024, in the United State District Court Eastern District of Louisiana.

Key Points: 
  • Prime Insurance Company obtained a defense verdict on March 5, 2024, in the United State District Court Eastern District of Louisiana.
  • Prime Insurance Company strategically resolved the lower value claim with the plaintiff engineer in the first car.
  • Rick J. Lindsey, President, CEO and Chairman of Prime Insurance Company states, “We offered the plaintiff $100,000 pre-trial which the plaintiff refused.
  • For more information on Prime Insurance Company, visit www.primeis.com .

Comstock Releases 2023 ESG Report

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Sustainability, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Asset Management, Construction & Property, Environment, Other Transport, Rail, Urban Planning, Transport, Environmental, Social and Governance (ESG), Senior, ESG, CHCI, Congestion, Publication, Social responsibility

Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced the online publication of their 2023 Environmental Social Governance (“ESG”) Report.

Key Points: 
  • Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced the online publication of their 2023 Environmental Social Governance (“ESG”) Report.
  • The report details the many meaningful ways that Comstock has demonstrated its commitment to environmental sustainability, social responsibility, and robust governance practices.
  • “Our 2023 ESG Report demonstrates our clear dedication to improving all aspects of corporate responsibility each year,” said Chris Facas, Senior Vice President of Commercial Real Estate Services at Comstock.
  • “We continue to promote sustainable development practices and have introduced many new green initiatives across all our managed properties.

Ancora Details Serious Governance, Process and Competition-Related Issues Stemming from Norfolk Southern’s Appointment of John Orr as COO

Retrieved on: 
Wednesday, March 20, 2024
Rail, Professional Services, Transport, Finance, Employment, EVP, Canadian Pacific Railway, CPKC, Partnership, CSX, PSR, Meridian Speedway, Norfolk Southern Railway, NSC, Management

This decision was also made after the Board became aware of publicly filed legal actions involving Mr. Orr.

Key Points: 
  • This decision was also made after the Board became aware of publicly filed legal actions involving Mr. Orr.
  • Mr. Orr, who was hastily hired without a broad search and lacks Eastern railroad experience, does not appear to be the best available executive to implement PSR principles and help transform Norfolk Southern’s network.
  • Much to our disappointment, the Board refused to even speak with our proposed COO, Jamie Boychuk, who oversaw best-in-class operating metrics and network efficiencies at CSX.
  • Mr. Orr’s hire does not change our view that the Company continues to have the wrong CEO in Mr. Shaw and the wrong strategy in the form of “resilience” railroading.

Columbus McKinnon and Milwaukee Tool Announce Development of First-of-Its Kind Battery-Powered Chain Hoist Combining Industry-Leading Hoist and Battery Technology

Retrieved on: 
Wednesday, March 20, 2024
Mining, Minerals, Forest Products, Automotive, Natural Resources, Textiles, Steel, Utilities, Packaging, Oil, Gas, Batteries, Engineering, Coal, Chemicals, Plastics, Alternative Energy, Automotive Manufacturing, Energy, Aerospace, Manufacturing, Logistics, Supply Chain Management, Other Defense, Nuclear, Trucking, Rail, Defense, Transport, Other Construction & Property, General Automotive, Commercial Building & Real Estate, Construction & Property, Electronic Design Automation, Technology, Building Systems, Machine Tools, Metalworking & Metallurgy, Lifting, Peter Hancock (professor), Intelligence, Summer, Sale, Marketing, Safety, Battery, Orientation, Fatigue, Warehouse

Combining Columbus McKinnon’s industry-leading hoist design with Milwaukee Tool’s expertise in lithium-ion battery and brushless motor technology, the innovative BatteryStar™ hoist provides the lifting strength and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source.

Key Points: 
  • Combining Columbus McKinnon’s industry-leading hoist design with Milwaukee Tool’s expertise in lithium-ion battery and brushless motor technology, the innovative BatteryStar™ hoist provides the lifting strength and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source.
  • Designed to reduce downtime, the BatteryStar allows an operator to replace the battery quickly and easily for minimal operation interruption.
  • with the standard 20 feet of chain, this hoist can be transported and installed anywhere it is needed.
  • The hoist will be available for sale from Columbus McKinnon beginning in the Summer of 2024.

Embedded World 2024 — Cincoze Will Showcase Industrial Edge AI Computing Solutions

Retrieved on: 
Tuesday, March 19, 2024
Hardware, Electronic Design Automation, Manufacturing, Technology, Other Transport, Trucking, Rail, Artificial Intelligence, Maritime, Transport, Other Technology, Other Manufacturing, Software, Logistics, Supply Chain Management, Public Transport, Temperature, GPU, Artificial intelligence of things, CRYSTAL, GOLD, MXM, Embedded, Computer, AI, Graphics processing unit, Machine learning, Multimedia, Video game

Rugged embedded computing brand - Cincoze, will be at Embedded World 2024 (Hall 1, Booth 1-260) in Nuremberg, Germany, on April 9-11, 2024.

Key Points: 
  • Rugged embedded computing brand - Cincoze, will be at Embedded World 2024 (Hall 1, Booth 1-260) in Nuremberg, Germany, on April 9-11, 2024.
  • Cincoze will display its range of world-class industrial embedded computing products around the theme of “Comprehensive AI Edge Computing Solutions,” encompassing the full spectrum of industrial application environments in four dedicated zones, including the Rugged Embedded Fanless Computers, Industrial Panel PCs & Monitors, Embedded GPU Computers, and New Products.
  • View the full release here: https://www.businesswire.com/news/home/20240319923810/en/
    Embedded World 2024 — Cincoze Will Showcase Industrial Edge AI Computing Solutions (Graphic: Business Wire)
    Cincoze Rugged Computing – DIAMOND product line is for harsh industrial environments where many computers would struggle.
  • Cincoze GPU Computing – GOLD product line is for rapidly evolving AI technologies by providing the computing power needed for machine learning and AIoT in industrial environments.

Ryder Honors Top-Performing Mexican Trucking Companies

Retrieved on: 
Tuesday, March 19, 2024
Other Manufacturing, Other Transport, Trucking, Rail, Automotive, Transport, Automotive Manufacturing, Manufacturing, Logistics, Supply Chain Management, Fleet Management, System, AEO, Free-trade zone, Safety, Multimedia, Airline

Twenty-four Mexican trucking companies were recognized for their excellence in several key performance areas, including on-time performance, customer service, safety and security, and continuous improvement throughout 2023.

Key Points: 
  • Twenty-four Mexican trucking companies were recognized for their excellence in several key performance areas, including on-time performance, customer service, safety and security, and continuous improvement throughout 2023.
  • View the full release here: https://www.businesswire.com/news/home/20240319486517/en/
    Ryder Mexico executives presenting the 2024 Service Excellence Award to one of 24 top-performing Mexican carriers.
  • The Mexican carrier companies honored during the 14th annual Mexican Carrier Recognition event were evaluated according to safety measures and then recognized within tiers that are based on overall capabilities, total amount invoiced, and number of Ryder accounts served.
  • The following are the 2023 Ryder Service Excellence Awards winners:
    Transportes Comandos Del Norte S.A. de C.V.
    Oscar Eli Perez Pelaez S.A. de C.V.