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Industry News

Nurminen Logistics Plc Nominates New President and CEO

The Board of Directors of Nurminen Logistics Plc is pleased to announce that Mr. Marko Tuunainen (M. Sc. Econ.) has been elected as President and CEO of the Company. Mr. Tuunainen has previously acted in the Company as SVP, Forwarding and Value added services business line. Mr. Tuunainen will start in the position of the President and CEO 1 August 2015 and will continue in his previous role in addition to other duties. The current Nurminen Logistics Plc’s President and CEO Olli Pohjanvirta will act in his current position until 31 July 2015. After this Mr. Pohjanvirta will continue in the Company as a support for the new CEO until further notice.

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Friday
Aug282015

Could a Middle Ages Trick Help the ECB 

The European Central Bank is currently struggling to get inflation going again. It is printing money to buy bonds in its quantitative easing program, offering long-term loans to banks on the condition that they lend to firms, and it cut its deposit rate into negative territory. But it is still way off the mark. Maybe it is time the ECB tried something a little bit more radical, something from the playbook of authorities from the Middle Ages: recoinage.

 

Thursday
Aug272015

Logistics Movers: Ceva Names Kaaks as Chief Financial Officer

Ceva Logistics, one of the world’s largest freight forwarders, named Arjan Kaaks as chief financial officer to replace Rubin McDougal, who is retiring, the Netherlands-based company announced Monday.

Wednesday
Aug262015

Motion Industries Acquires Miller Bearings, Inc.

Miller’s customers represent a broad cross-section of industries in the state, which are presently being served from 17 locations. According to William “Bill” Bieberbach, President and CEO of Miller Bearings, “Miller has been in business for 67 years, employing more than 130 people. We are very excited to become part of Motion Industries and the opportunities for growth that will be available to our talented team.”

Tuesday
Aug252015

Darren Knipp Named President and CEO of Balance Innovations

“Darren’s background is a perfect fit for taking Balance Innovations to the next level,” said Kurt Mueller, chairman of the board of managers and acting president and CEO of Balance Innovations.”His experience leading a team that took a software company from a start-up to more than $300 million in annual revenue will be invaluable to us as we advance as a key solution provider to the retail industry.”

Monday
Aug242015

United Parcel Wraps Up $1.8 Billion Coyote Logistics Deal

World’s leading express carrier and package delivery company, United Parcel Service, Inc. UPS recently closed the acquisition of Coyote Logistics for $1.8 billion, through a cash and debt transaction. Notably, Coyote Logistics is a unit of private equity firm Warburg Pincus.

Friday
Aug212015

Kraft Foods Group recognizes KLLM as Co-Carrier of the Year

KLLM Transport Services, a Jackson MS-based temperature-controlled truckload carrier, received the 2014 Co-Carrier of the Year Award from Kraft Foods Group Inc at the group’s annual Carrier Conference held in Rosemont IL recently.

 

Thursday
Aug202015

New Logistics Center to Bring 150 Jobs to Detroit

A new logistics center will open in an industrial park on Detroit’s east side, bringing 150 new jobs to an area with an unemployment rate that’s among the city’s highest, Mayor Mike Duggan and Matthew Moroun, the scion of the Ambassador Bridge Moroun family, said today. Linc, part of the Moroun-owned Universal Truckload Services, plans to complete a more than 500,000-square-foot logistics center at the I-94 Industrial Park. The facility will be financed and built by the Moroun family’s Crown Enterprises

Tuesday
Aug182015

Intelligrated Appoints New Senior Sales Engineer 

A leading North American-based automated material handling solutions provider, announces the appointment of Parks Stewart as senior sales engineer for its southern regional sales and operations, based in Alpharetta, Georgia.

Monday
Aug172015

Choice Logistics Hires Global Leaders; Positioned for Growth

Choice Logistics, the leading provider of enterprise-grade supply-chain solutions, today announced the hiring of seven senior leaders from blue-chip corporations. Each strategic hire was for a different position and each resides in a different global market. “Over the last 6 months Choice has been aggressively hiring the best supply-chain professionals in the business,” said Michael Katz, CEO of Choice Logistics. “I felt this was newsworthy because these hires dramatically enhance our capabilities and are leading directly to new business opportunities.”

Friday
Aug142015

Riversand Hires York Richards as Chief Financial Officer

Riversand Technologies, a worldwide provider of Master Data Management (MDM), Product Information Management (PIM) and Data Quality solutions, today announced the hiring of York Richards as Chief Financial Officer. Mr. Richards joins Riversand’s Executive team with over 15 years of experience in the field of software accounting and finance. Having served in similar roles at several technology companies, Mr. Richards will be responsible for overall financial operations and reporting for Riversand.

Thursday
Aug132015

Construction Underway on Two Major Distribution Projects

Construction on two major distribution projects — an $85 million Walmart perishable goods distribution center and a $125 million regional headquarters and distribution hub for German grocer Lidl— is underway at the 1,200-acre N.C. Commerce Park in Alamance County. The Pike Co. of Rochester, N.Y. recently began construction on the Wal-Mart distribution center (NYSE: WMT) spanning about 450,000 square feet across 186 acres. The center is expected to create 450 jobs by 2019.

Wednesday
Aug122015

Ciena Hires Former MicroStrategy Marketing Chief

Telecom networking equipment maker Ciena Corp. has named Marcus Starke as senior vice president and chief marketing officer, overseeing the company’s global marketing and communications.

Tuesday
Aug112015

Saddle Creek Expands at Illinois Logistics Center

The Joliet, Illinois, Intermodal Center operated by CenterPoint Properties is being expanded again with a groundbreaking for Saddle Creek Logistics Services’ 1.11-million-square-foot distribution facility project. The new location will be built on nearly 60 acres and will be adjacent to Interstates 55 and 80 and within two miles of Union Pacific Railroad’s intermodal terminal in Joliet, which is about 35 miles from Chicago.

Monday
Aug102015

SPACECO, Inc. Promotes Daniel Stevens to Vice President 

Daniel Stevens Daniel C. Stevens, P.E., CPESC recently received a promotion from Senior Project Manager to Vice President of SPACECO, Inc. Daniel C. Stevens, P.E., CPESC received his civil engineering degree in 1999 from Purdue University. Daniel Stevens joined SPACECO, Inc. in 2005.

Friday
Aug072015

Atlas Logistics Names New Vice President of Business Development

Atlas Logistics Inc., a full-service logistics provider and subsidiary of Atlas World Group, Inc., announces today that Matt Van der Linde has rejoined the company as vice president of business development. In his new role, Van der Linde will strategically expand Atlas Logistics’ service offerings to increase revenue and expand operating margins.

Thursday
Aug062015

Amazon Adding 2,000 New Jobs in Ruskin and Lakeland

Amazon dramatically increased its footprint in Central Florida on Monday by confirming that it will hire 2,000 people at its distribution centers in Ruskin and Lakeland, nearly doubling its workforce as it continues to reshape the way people shop.

Wednesday
Aug052015

Brooks Automation Announces Collaboration Agreement 

Brooks Automation, Inc. a leading worldwide provider of automated bio-sample storage solutions, and Chart Industries, Inc. a leading global manufacturer of highly engineered equipment used in the production, storage and end-use of cryogenic gases, announced they have entered into a strategic collaboration agreement to develop and distribute automated cryogenic storage solutions. The collaboration combines Brooks’ innovative automation solutions with Chart’s proven MVE® Series product line of cryogenic bio-sample storage systems.     

Tuesday
Aug042015

Encompass Selected as Service Parts Supply Chain Solution 

Encompass Supply Chain Solutions, Inc., a leading provider of forward and reverse logistics for a diverse range of finished goods and replacement parts, today announced it will manage the spare parts supply chain for Sony’s comprehensive consumer electronics line.

Monday
Aug032015

C.R. England Names Mitch England VP of Driver Relations

C.R. England has appointed Mitch England vice president of driver relations and also promoted Lisa Callister to vice president of human resources. England previously served as vice president of human resources. His new position is a newly-created position within the carrier focused on attracting and retaining quality drivers.

Friday
Jul312015

Adaptive Insights Makes Leadership Change With New CEO 

Business intelligence software company Adaptive Insights Inc. named Thomas Bogan as chief executive, completing a leadership transition that began last July when former CEO John Herr stepped back to become a senior adviser