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Industry News

Jim Cramer — Salesforce’s Continuing Growth Making SAP, Oracle Nervous

Shares of (CRM - Get Report) are up 5.3% on Thursday after the company topped earnings and revenue expectations. CEO Marc Benioff has proved that he can continue to blow the numbers away, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC’s “Mad Dash” TV show. 

Executive News Snippets


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Enterworks Taps Former SAP Executive as Channel Chief 

Business software provider Enterworks plans to jump-start its partner program by hiring Kumar Jandayala as its new vice president of solutions and partner management.Jandayala previously served as director of global solution management and architecture with Hybris and SAP’s customer engagement and commerce group. He brings experience in data and commerce platforms, product and service management, and enterprise architecture.


Havertys Names Nexus Exec to Head Up Supply Shain

Home furnishings retailer Havertys  reported that Gary Niedermeyer, assistant VP, supply chain, will retire at the end of 2015. He will be succeeded by  Abir Thakurta, who will report to Richard D. Gallagher, executive VP, merchandising.


Intelligrated Appoints Dave Schmit as Senior Vice President 

A leading North American-based automated material handling solutions provider, announces the appointment of Dave Schmit to the position of senior vice president, corporate intellectual property. Schmit leads the transition of Intelligrated’s corporate intellectual property practice in-house, responsible for associated legal policies, strategies and processes to protect the company’s innovations and grow its legal footprint.


Sanderson Forms New Communications Team

Ashley Rea and Lorin McAlpin were recently named to the newly created corporate communications department at Sanderson Farms Inc. Rea will serve as communication manager. She will lead Sanderson’s corporate communications department initiatives. She also will work with media organizations and trade associations to identify and execute strategies related to the company’s media relations


Sanderson Farms Announces Promotion

In her role, Nelson will be responsible for the translation of all company correspondence from English into other languages. She also will monitor company linguistic demographics in order to identify and assess Sanderson Farms’ translation and interpretation needs.


Logistics Movers: XPO Appoints Global Chief Accounting Officer

XPO LogisticsInc., which has grown rapidly this year through acquisitions in Europe and the U.S., has appointed Lance Robinson to the newly-created position of global chief accounting officer.  In a filing Thursday with the Securities and Exchange Commission, XPO said Mr. Robinson’s new position will be effective Oct. 1 and he’ll report to the company’s chief financial officer John Hardig.


Wells Fargo Appoints Supply Chain Finance Head

Wells Fargo has announced the new head of the institution’s supply chain finance operations, and the hire comes straight from GE Capital, according to reports. The Wall Street Journal reported, that Wells Fargo has hired Nick Lawrence to lead the supply chain finance’s expansion into Europe. He has been tapped from GE Capital, where he worked as commercial leader of the commercial distribution finance operation of GE Capital Bank, based in London, reports said.


Americold Wins Bid to Build Portland ME Storage Facility

The Maine Port Authority has awarded Americold, provider of temperature-controlled supply chain solutions for the food industry, the bid to build a 150,000-square-foot facility on 6.3 acres of land adjacent to the International Marine Terminal in Portland ME.


Heniff Transportation Acquires Horizon Tank Lines

Heniff Transportation Systems LLC, headquartered in Oak Brook IL, has acquired Horizon Tank Lines, a leading Southeastern bulk chemical hauler. Horizon Tank Lines is headquartered in Durham NC with terminals located in Wilmington NC and Hamlet NC.  


Gordon Food Service Acquires Halperns’ Ops

Gordon Food Service has acquired Halperns’ Steak and Seafood Company, based in Atlanta GA.
Founded in 2005, Halperns’ has quickly grown to become a leading specialty distributor of meats and seafood. The company currently operates four production and distribution facilities, which are in Atlanta, Baltimore MD, Orlando FL, and Fort Lauderdale FL.


Transport Topics Names ABF Logistics in Top Brokerage Firms 

An ArcBest company (ARCB), was recently recognized for the first time by Transport Topics® on the Top Brokerage Firms of 2015 list. ABF Logistics provides third-party logistics services including truckload brokerage, intermodal and ocean transport, warehousing and household moving. The company provides complete supply chain solutions and an exceptional experience that customers seek through a single point of contact


Con-way Freight Expands in Joliet

Con-way Freight, a less-than-truckload (LTL) trucking company and subsidiary of Con-way Inc. (CNW), today announced the grand opening of its newest, state-of-the art service center in Joliet, Illinois. The facility will serve as the local hub from which the company will provide daily commercial freight pickup and delivery services throughout the greater Joliet region, connecting local businesses with their customers throughout the Chicagoland area, Illinois and North America.


UPS in Talks to Buy Coyote Logistics for at Least $1.8 Billion 

Package delivery United Parcel Service Inc (UPS.N) is in talks to buy Chicago-based Coyote Logistics LLC for at least $1.8 billion, a source familiar with negotiations said on Wednesday. According to the source, Coyote is backed by Warburg Pincus, the New York-based private equity firm, which may instead opt for an initial public offering as a way to sell its stake in the transportation logistics services provider.


Logistics Firm Exel to Lay Off 278 Workers

Exel Inc. has announced it will lay off 278 workers at a fulfillment facility at 3425 Morse Crossing. The Westerville-based logistics firm said in a letter filed with the state that the workers have been providing support to Thirty-One Gifts, which plans to in-source their jobs.


Menlo Logistics Partners with Prologis 

SAN FRANCISCO and AMSTERDAM - Menlo Logistics (Menlo), the US $1.7 billion global logistics and supply chain management subsidiary of Con-way Inc. (NYSE: CNW), today announced a build-to-suit agreement with global industrial real estate developer Prologis, Inc. (NYSE: PLD) for a new 70,000-square-meter regional logistics facility in Eindhoven, the Netherlands.


Labor Day Fact 

The first U.S. Labor Day was celebrated on Tuesday, September 5, 1882, in New York City, planned by the Central Labor Union.  The Labor Day parade of about 10,000 workers took unpaid leave and marched from City Hall past Union Square uptown to 42nd street, and ended in Wendel’s Elm Park at 92nd Street and 9th Avenue for a concert, speeches, and a picnic.


Atlas Logistics Names New VP 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.


Logistics Firm Opening Downtown Sales Office

A fast-growing logistics firm will invest $1 million to open a sales office in the heart of Downtown Memphis. Total Quality Logistics will invest $1 million to open the office in the 100 Peabody Place building Downtown, a move that is expected to create at least 100 new jobs over the next five years.


Fast-growing Online Retailer Building Massive Distribution Center

Wayfair Inc., one of the world’s largest online retailers for home furnishings and decor, is expanding into a nearly 900,000-square-foot facility near Cincinnati/Northern Kentucky International Airport.


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.