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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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Tuesday
Jun302015

Echo Global Logistics Appoints Bradley A. Keywell to Lead Director

The Company announced that the Board has established a lead independent director position and has appointed Bradley A. Keywell to serve in that capacity. Mr. Keywell is a co-founder of Echo and has served on its Board since February 2005. Mr. Keywell serves on the Compensation Committee and the Nominating and Corporate Governance Committee of the Board of Directors

Monday
Jun292015

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.

Friday
Jun262015

Douglas R. Waggoner as Chairman of The Board

Echo Global Logistics, Inc. announced the appointment of Mr. Waggoner, the Company’s Chief Executive Officer and a director, to serve as Chairman of the Board. Samuel K. Skinner, who joined the Board in September 2006 and has served as non-executive Chairman of the Board since February 2007, will retire as Chairman but will remain a member of the Board. Mr. Waggoner has served as CEO of Echo since December 2006 and has served as a member of the Board since February 2008.

Thursday
Jun252015

Columbia Sportswear Promotes Supply Chain Executive

Columbia Sportswear Inc. named Lisa Kulok senior vice president of global supply chain operations as part of a series of changes in the outdoor apparel retailer’s sourcing and supply chain business. In her supply chain post, Ms. Kulok will oversee the company’s global inventory planning, transportation and distribution operations. She has been with Columbia Sportswear since 2008 and was at Nike Inc. for 21 years before that, most recently as merchandise planning director.

Wednesday
Jun242015

Hospital Hires Albers as Supply Chain Manager

HSHS St. Anthony’s Memorial Hospital has hired Ted Albers as the hospital’s new Supply Chain Manager. He began his service with St. Anthony’s on May 11. In this role, Albers manages and coordinates inventory management, including acquisition and delivery of materials, supplies, and equipment, and assist in oversight and leadership of the Materials and Laundry departments.

Tuesday
Jun232015

Echo Global Logistics Appoints Paul Loeb to Its Board of Directors

The Company announced the appointment of Paul Loeb to its Board of Directors in connection with its previously announced acquisition of Command Transportation, LLC (“Command”), one of the largest privately-held truckload brokers and non-asset-based transportation providers in the United States (the “Command Acquisition”). Prior to the closing of the Command Acquisition, Mr. Loeb served as Command’s Chief Executive Officer.

Monday
Jun222015

C.R. England Recognized As One Of The Achievers

C.R. England has been recognized as one of the Achievers 50 Most Engaged Workplaces™ in North America. This annual award recognizes top employers that display leadership and innovation in engaging their workplaces. “C.R. England is honored to be among those companies being recognized with the Achievers 50 Most Engaged Workplaces™ in North America award,” said Mitch England, Vice President of Human Resources.  “Much of the credit for this recognition goes to the hundreds of C.R. England employees who have embraced the vision and are focused on the goals fostered by Achievers. We are pleased to be recognized for our collective accomplishments while making C.R. England one of the top employers in the transportation industry.”

Friday
Jun192015

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. Mr. Bogan is the chairman of Citrix Systems Inc.CTXS +0.45% and Black Duck Software Inc. and sits on the boards of several other companies. He said he will be scaling back his commitments and working at Adaptive full time. Mr. Herr, who was named CEO in 2011, couldn’t be reached for comment.

Thursday
Jun182015

Logistics Firm to Lay Off at Thirty-One Gifts Fulfillment Facility 

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.“It’s just a change based on a decision our customer made,” Exel spokeswoman Lynn Anderson said. “We do business with them at other sites.”Exel expects the layoffs to take effect on April 17, but Anderson said the company is hopeful that all affected employees will be reassigned.“We do think we can find roles for all those people with new businesses we have coming to town or with businesses we’re already serving,” Anderson said. As of last year, Exel had about 2,000 employees in Franklin and Delaware counties, 3,400 in Ohio and 20,000 in the United States. Exel, which is owned by Deutsche Post DHL of Germany, has its headquarters in Westerville for operations in North and South America.

Wednesday
Jun172015

Seagate Named to Gartners SC Top 25 Rankings 

UPERTINO, Calif.—(BUSINESS WIRE)—Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today announced it has been named to the Gartner Supply Chain Top 25 for 2015, published May 13, 2015. The rankings are designed to recognize organizations for leadership and best practice in global supply chain operations. “Seagate is wholly focused on continuously improving the effectiveness of our entire supply chain so we can meet the needs of our customers while adapting to changes in global logistics and the macro economy,” said Bob Legendre, senior vice president of supply chain management at Seagate.

Tuesday
Jun162015

Today's Stock Market News & Analysis

The global interest rate environment is changing. Last week, bond yields in the U.S., U.K., Europe, Japan, Australia and New Zealand all hit new highs for the year. As I discuss in my weekly commentary , be ready for more rate volatility. Notably, this backup in yields is not occurring as a result of any increase in inflation expectations. For example, U.S. 10-year Treasury yields closed in on 2.50 percent last week, roughly 50 basis points (0.50 percent) higher than their late April levels. But 10-year inflation expectations remain below their May peak. In other words, interest rates are not rising because of inflation fears, but because rates are starting to normalize from the unsustainably low levels reached earlier this year.



Monday
Jun152015

Intelligrated Promotes Tracy Perdue to Sales Manager

Intelligrated® (www.intelligrated.com), a leading North American-based automated material handling solutions provider, announces the promotion of Tracy Perdue to the position of sales manager for its southern regional sales and operations, based in Alpharetta, Georgia. In his new role, Perdue provides strategic guidance to help new and existing customers apply best-fit solutions to solve distribution, fulfillment and end-of-line manufacturing challenges. His responsibilities include meeting Intelligrated growth objectives in the region, mentoring sales engineers and leading cross-functional engineering, concepting and installation teams to ensure overall customer satisfaction.

Friday
Jun122015

Lands End Names Hyatt Chief Supply Chain Officer

Lands’ End Inc. announced the appointment of Scott Hyatt, previously of J. Crew Group, as executive vice president and chief supply chain officer and Joseph Boitano, from Saks Fifth Avenue, as executive vice president and chief merchandising and design officer. The appointments come as many apparel retailers are grappling with adjusting their supply chains and logistics operations to fit shifting demands of customers, from bringing products to market faster to selling products online and shipping them quickly and cheaply. At Saks, Mr. Boitano, oversaw implementation of an omnichannel strategy, in which the company delivers its merchandise to customers from multiple points, whether through brick-and-mortar stores or online.

Thursday
Jun112015

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.” Tim Breen, President and CEO of Motion Industries, stated, “The addition of Miller Bearings better positions Motion Industries for continued growth in the Southeast. We want to welcome all of the Miller Bearings employees to the Motion family and we look forward to the contributions they will make to our Company in the years ahead.”

Wednesday
Jun102015

XPO Logistics Acquires Norbert Dentressangle

XPO Logistics, Inc. (XPO) (“XPO”) today announced that it has consummated the previously announced agreement to purchase all of the shares of Norbert Dentressangle SA held by Mr. Norbert Dentressangle and his family, representing 67% of the company`s outstanding shares, at a price of 217.50 euros per share. Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, “We`re delighted to welcome the customers, employees and suppliers of Norbert Dentressangle to XPO. This combination is an important step in the continued execution of our growth strategy

Tuesday
Jun092015

Enterworks Taps Former SAP Executive as Channel Chief

Business software provider for Enterworks plans to jump-start its partner program by hiring Kumar Jandayala as its new vice president of solutions and partner management.Enterworks’ Kumar 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.  Warren Jones, Enterworks’ president, tells Channel Partners that the company has been operating a partner program, but “Kumar will be taking it to the next level of a formal program that will include partners across the categories of technology partners, resellers, joint-selling partners and implementation partners.”

Monday
Jun082015

Intelligrated Promotes Bruce Sudler 

Intelligrated® (www.intelligrated.com), a leading North American-based automated material handling solutions provider, announces the promotion of Bruce Sudler to the position of sales manager for its Midwest regional sales and operations, based in Woodridge, Ill. In his new role, Sudler leads sales efforts throughout the Midwest, focusing on business development and long-term customer engagement. He provides strategic counsel to a team of sales engineers located in Chicago, St. Louis and New Brighton, Minn. Sudler also collaborates with the region’s engineering teams to develop best-fit solutions that solve distribution, fulfillment and end-of-line manufacturing challenges. He reports to Chuck Harris, vice president, Midwest regional sales and operations.

Friday
Jun052015

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.  Privately held Horizon Tank Lines was formed in 1994 due to the demand for a quality carrier in Wilmington. The owner, Charles Collie, has been involved in the transportation of chemicals for more than 30 years, and the management team has over 100 years of combined experience. The current management and driver teams will transition to Heniff Transportation Systems.

Thursday
Jun042015

Cache Logistics Trust Sells Warehouse To JTC For $9.7M

CACHE Logistics Trust has sold Kim Heng Warehouse to JTC Corporation for S$9.7 million. The single-storey warehouse at 4 Penjuru Lane in the Jurong industrial estate has a land area of 87,000 sq ft, and a gross floor area of 54,000 sq ft. The property, acquired in 2011 for S$8.9 million, was valued at about S$9 million as at Dec 31, 2014. The warehouse had been the smallest property in the Reit’s portfolio. “Despite potential for redevelopment, given the property’s limited future income growth and considering the offer at hand, strategically divesting optimises returns and provides Cache with opportunity to recycle its capital,” said Daniel Cerf, CEO of the Reit’s manager ARA-CWT Trust Management Limited. “This is in line with the manager’s proactive asset management strategy.”

Wednesday
Jun032015

Encompass Chosen For Supply Chain Solution For Sony Electronics

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. Under an agreement with Sony, Encompass will manage all aspects of the consumer service parts supply chain. Encompass currently distributes non-warranty Sony parts as an authorized distributor.  Effective immediately, Encompass will supply parts to other distributors, authorized service network, service dealers, third-party administrators, international affiliates, and end users through the distribution facilities in Florida, Georgia and Nevada.