Thursday, January 31, 2013
Jersey City, NJ (January 31, 2013) -- The Evergreen Seafarer Training Center (ESTC) has been certified by leading class society ClassNK to provide training courses in Bridge Resource Management (BRM), Electronic Chart Display Information Systems (ECDIS) and Engine-room Resource Management (ERM). The official certificate was presented to Anchor Chang, President of Evergreen Marine Corp., by ClassNK Executive Vice President Koichi Fujiwara at a special ceremony held at the center on January 31st, 2013.
While ESTC has already attained the ISO9001: 2008 standard, the new certification confirms that training programs at the Center meet the stringent requirements of ClassNK as well as those of an IMO model course and the STCW Code.
Situated in Taoyuan County, Taiwan, the Evergreen Seafarer Training Center was established in August 1999 to carry out advanced training for seafarers. In June 2001 ESTC became the first training center in Taiwan to be awarded the ISO-9001:2000 certificate by DNV (Det Norske Veritas), which also recognized the Center's compliance with three additional sets of standards governing; Rules for a Maritime Training Center; Rules for a Maritime Simulator Center and the Rules for Maritime Simulator Equipment.
Today, the center is one of the world's most sophisticated maritime training establishments and continues to provide training courses for Taiwanese and foreign seafarers. Since its inauguration over thirteen years ago, more than 30,000 seafarers have undergone training at the facility.
WASHINGTON, D.C. (Jan. 31, 2013) – U.S. Bank and the U.S. Department of Defense (DoD) have agreed to extend their long-term contract, enabling the DoD to continue to pay its freight invoices electronically through U.S. Bank Freight Payment.
Using U.S. Bank Freight Payment to process and pay invoices saves the DoD and its partner agencies hundreds of thousands of dollars annually in freight invoice processing costs. U.S. Bank Freight Payment also gives the government a transparent supply chain with robust data capture and reporting, allowing the DoD to more effectively manage its transportation program.
“We are proud of our partnership with the DoD and what we have achieved in our joint efforts to attain greater efficiency and measurable savings through payment automation,” said Kurt Adams, president of U.S. Bank Corporate Payment Systems. “We continue to make significant, ongoing investments in expanding the program for the benefit of the department, its constituents and the American taxpayer.”
The U.S. Bank- DoD collaboration dates back to 1999, when the first of a continuing series of one-year contracts was signed. The collaboration has grown from 69 processed invoices in the first year to more than 11 million by the end of 2012.
New capabilities are continually being added. In 2012, the DOD worked with the bank and industry partners to automate the process by which providers of the “non-temporary storage” (NTS) of military household goods are paid. The elimination of paper processing represents additional millions in savings for the military and its NTS contractors.
“Cash flow for our impacted members has been exponentially improved, in some cases by months, through the DoD’s adoption of U.S. Bank Freight Payment for NTS,” said Chuck White, director of Military & Government Relations at the International Association of Movers, one of the DoD’s service providers. “This is significant, given that many of these contractors are small businesses dependent on timely payment for their operations.”
Other federal agencies that partner with U.S. Bank under terms of this contract include the State Department, Homeland Security, Health and Human Services, and the Department of Energy.
About U.S. Bank:
U.S. Bancorp (NYSE: USB), with $354 billion in assets as of December 31, 2012, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The Company operates 3,084 banking offices in 25 states and 5,065 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Eden Prairie, MN (January 31, 2013) — Cascade Sierra Solutions, a Eugene, OR based nonprofit dedicated to helping small trucking businesses to afford fuel- and emissions-reducing technologies, has received a $20,000 matching donation from third-party logistics company C.H. Robinson Worldwide, Inc.
As part of its commitment to good corporate citizenship and sustainability, C.H. Robinson has been a generous donor to CSS’s green-trucking efforts since 2008. This year, their support came in the form of a funding match for other donors in 2012 to maximize the impact of their donations.
The list of 2012 donors to Cascade Sierra Solutions includes Michelin Truck Tires, Carrier Corporation, Hodyon, Midlands Carrier Transicold, Transport Refrigeration, Witte Bros. Exchange, Decker Truck Line, Industrial Power, Veritable Vegetable, individual donor Clay Coleman, and many others.
“Cascade Sierra Solutions’ work around the use of clean technology to increase fuel efficiency and reducing carbon impact benefits us all,” said Mark Walker, senior vice president at C.H. Robinson. “Helping extend the range of donations made to CSS will make a measurable difference towards improving the environmental impact of our industry.”
Since its inception in 2006, Cascade Sierra Solutions has provided financing and grant assistance to upgrade or replace more than 11,000 older, less efficient vehicles, saving more than 75 Olympic swimming pools’ worth of diesel fuel and the harmful emissions they produce.
“C.H. Robinson remains an innovator in the green transportation movement,” says Sharon Banks, CEO and founder of Cascade Sierra Solutions. “Their support of CSS ensures that we can provide needed financing and education to smaller trucking businesses so they can also run more efficiently and reduce our nation’s reliance on imported fuels.”
About C.H. Robinson:
Founded in 1905, C.H. Robinson is a global provider of multimodal logistics services, fresh produce sourcing, and information services to 37,000 customers through a network of more than 230 offices and over 10,500 employees around the world. The company works with 53,000 transportation providers worldwide. C.H. Robinson is a Fortune 500 company and has annual revenues of over $10 billion.
Through the company and its Foundation, C.H. Robinson and its employees contribute millions of dollars annually to a variety of organizations, including the Juvenile Diabetes Research Foundation, Community Health Charities, American Red Cross, Children's Hospital and Clinics of Minnesota, and Global Impact. The company is headquartered in Eden Prairie, Minnesota, and has been publicly traded on the NASDAQ since 1997. For more information about C.H. Robinson, visit http://www.chrobinson.com.
About Cascade Sierra Solutions:
Cascade Sierra Solutions is a 501(c)3 nonprofit organization based in Eugene, Oregon, dedicated to financing, identifying, and promoting the use of clean technologies to reduce fuel consumption and air pollution from heavy-duty diesel trucks. Cascade Sierra Solutions works with local clean-air agencies, government entities, and independent truckers and fleets, to drive the green trucking revolution.
CSS is currently administering the DOE’s Shorepower Truck Electrification Program (STEP), which will provide electrified truck parking at more than 50 truck stops across the U.S. in an effort to eliminate unnecessary engine idling on major freight corridors, as well as incentives for plug-in equipment. Learn more about STEP at www.the-step-project.org.
To learn more about current grant programs and financing, or to donate to support CSS’s green trucking efforts, visit www.cascadesierrasolutions.org.
More businesses are getting involved in international supply chains, with some major companies moving to Mexico for a portion of their supply chain. Latin American Cargo, a freighting and personal moving company, comments on this phenomenon.
Staten Island, New York - January 31, 2013 - Mexico has been benefiting from international attention as more companies see it as a destination for portions of their business. Latin American Cargo (LAC), a popular freighter and personal moving company, has been paying attention to how many companies have been moving to Mexico. This, in part, has been due to the proximity to the United States as a final destination for goods, and Mexico as a destination for manufacturing.
This article about the American company 3D Robotics discusses how valuable Mexico has been to their company’s business model. While Chinese labor may be cheaper than Mexican, their decision of moving to Mexico lies in the required speed of processing and not just the final costs. Also, rather than requiring the company to make orders in bulk to get a good deal in both manufacturing and shipping, having this step in their supply chain in Mexico gave them more flexibility in their purchasing choices.
Latin American Cargo has been heavily invested in Mexico and many other Latin American countries for over a decade, and understands that these locations have much to offer many different varieties of companies in Canada and the United States. LAC has also been privileged enough to offer services as an international personal moving company to those wishing to relocate to or from Mexico and the rest of Latin America. This, while not as telling as the trends in businesses and their supply chains, does add to the evidence LAC sees of Latin America becoming a destination for a wider variety of peoples.
While manufacturing has indeed seen it’s popularity rising across Latin America it is not the only sector worth mentioning. In countries like Peru and Brazil there are abundant resources which also form a major point along the supply chains of many companies. Many sectors are not just moving to Mexico for the production and sale of their goods, but also to many other countries for the acquisition of the raw resources needed in their production.
Latin American Cargo feels that this is neither a new nor unexpected phenomenon, with their many years of experience having pointed to the value of Latin America for years.
Latin American Cargo (LAC) is a shipping, freighting and personal moving company specializing in shipments going to and from different areas in Latin America. Recently gaining NVOCC status in the USA, LAC has expanded its abilities to serve customers who need to ship their goods from Canada and the US territories to Latin America. LAC is experienced with air, sea and ground transport, and it’s Mexfreight division, short for Mexican Freight, handles almost exclusively the transport to and from Mexico and acts primarily as a road transportation service.
Hoofddorp, Netherlands, 30 January, 2013 – CEVA Logistics, one of the world’s leading supply chain companies, has today launched its enhanced e-fulfillment solution, designed to meet the needs of today’s e-tailers, online consumers and customers with any e-fulfillment requirements.
CEVA has been providing sophisticated e-commerce and e-fulfillment solutions for a number of customers worldwide for some years now, but the dynamic marketplace and increasing amount of online transactions across the world has created ever more complex and specific requirements. In response to this growth, CEVA has enhanced its e-portfolio to provide customers with a globally standardized solution, optimized and streamlined processes and enhanced visibility; all designed to increase end consumer satisfaction and enhance their experience of CEVA’s customers brands. Michael McCabe, Vice President of Operations, Bodybuilding.com commented: “CEVA provides operational execution on a global scale and their dedication and management has allowed Bodybuilding.com to move quickly into major emerging markets by providing a holistic solution for all of our supply chain needs.”
Through a modular and scalable approach, the proven CEVA e-fulfillment Solution offers everything from the most basic through to the most sophisticated and complex services at a country, regional and global level. The CEVA Matrix suite of technologies provides enhanced visibility of customer data, sales and returns giving all the information needed to manage an efficient, cost effective supply chain.
Sandro Knecht, CEVA’s Executive Vice President for the global Consumer and Retail sector said: “Our refreshed CEVA e-fulfillment Solution is exactly right for companies looking to gain greater control of, and flexibility within, their supply chain. Our e-commerce solutions have existed for a number of years and our quest for continuous improvement means we are always looking for opportunities to enhance. We already know these solutions work and drive value for our customers and their end consumers; by refining and improving this supply chain solution we are confident that we can drive further cost savings and efficiencies wherever this solution is deployed.”
“Through our CEVA Matrix suite of technology solutions we are able to deploy and replicate the same solution in locations across the world and provide our customers with total visibility and control of their supply chain,” added Sandro.
The CEVA e-fulfillment Solution has proven to reduce risk and support companies’ expansion into new geographical markets and multiple retail channels. To learn more please see our case studies.
CEVA Logistics, one of the world’s leading, non-asset based supply chain companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion. For more information, please visit www.cevalogistics.com
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2012 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
ROAR LOGISTICS ANNOUNCES OPENING OF SOUTHERN CALIFORNIA OPERATIONS CENTER TO KICK OFF ITS 10TH ANNIVERSARY
Buffalo, N.Y., January 30, 2013 – ROAR Logistics announces the opening of its 4th office, and first office located on the west coast. ROAR’s newest operation is located in Temecula, California and will offer customers the full spectrum of Rail, Ocean, Air, and Road logistics services that the company currently provides to its diverse base of local, national, and global clientele.
Heading up ROAR’s California operations will be Marc Sandoval, an 18-year veteran of the logistics industry. “We are excited to have Marc on board as he brings with him a diverse background in the logistics industry,” said Bob Rich III, president of ROAR Logistics, Inc. “In his role, Marc will be responsible for building our brand presence on the west coast and beyond. The addition of our newest operation in California is an exciting venture, especially as it falls upon our 10th year in business. We believe that this office will help us to extend our reach into Mexico and position us in proximity to some of the most active ports in America.”
About ROAR Logistics:
ROAR began as an Intermodal Marketing Company moving freight via rail as an alternative to trucks. “As manufacturers faced escalating gas prices, stricter government highway safety regulations and increased demands to protect the environment, our entry into the rail market was timely for us back in 2003," said Rich. “Manufacturers are constantly seeking the most efficient means for transporting products to market and intermodal transportation has become pivotal to the transportation industry, as it offers streamlined costs and important efficiencies to benefit businesses and the general public.”
2013 marks the 10th anniversary for Buffalo, NY-based ROAR Logistics, Inc. Founded by Rich in 2003 as a subsidiary of Rich Products Corporation, ROAR has grown consistently, adding operations in Atlanta, GA and Peoria, IL. ROAR began with 3 full-time associates and has grown to almost 50 associates nationwide. 10 years later, Rich states, “the company has no intention of slowing down. We are currently looking into other markets and countries for further growth and expansion.”
For more information about ROAR Logistics, please visit www.roarlogistics.com, on Facebook, on Twitter.
About Rich Products Corporation:
The founder of the nondairy segment of the frozen-food industry, Rich Products Corporation is a leading supplier to the foodservice, in-store bakery and retail marketplaces. Rich’s posts annual sales exceeding $3 billion and employs more than 9,000+ people worldwide spanning six continents. Founded in 1945, Rich’s began reaching outside the United States in the 1980s and today produces more than 2,000 products sold in110 countries. Rich’s is the world leader in nondairy toppings, icings and other emulsions. Other key product categories include cakes and desserts; pizza; bakery products; breads and rolls; shrimp and seafood; appetizers and snacks; Bar-B-Q; meatballs and pasta; beverages, gluten-free and all-natural items; cooking creams; and soaks and syrups.
Wednesday, January 30, 2013
Addition of new ICAT Miami office reinforces ICAT’s position for continued growth and expansion into the international marketplace in 2013
Elkridge, MD- January 30, 2013- ICAT Logistics, Inc. (ICAT), a leading agency-based freight forwarder in the U.S., announces today the expansion of their Agency Partner Program with the signing of Enterworld Trading LLC, now known as, ICAT Miami based in Miami, Florida. This latest ICAT Agency Partner addition assists the company with growing their Agency Partner Program and deepens their international footprint specifically in Latin American countries.
ICAT is projecting the global product to be the fastest growing product line in 2013 and that the ICAT Miami office’s targeted focus on Latin American trade will be instrumental to their growth. The ICAT Miami office will serve as the gateway to South America, Central America and the Caribbean due to its ideal location and easy access for air and ocean freight, which can accommodate all vertical industries. Latin America has changed itself into one of the faster growing, emerging economies and statistics have shown that commodity export has constantly risen in the past years and will continue to do so in the coming years.
“My dream has always been to join a company where I can share my vision in this industry and when I met Rick Campbell and the executives of ICAT, I realized they, too, shared the same vision to grow the market in Latin America,” said Jaime Cabrera, ICAT Miami Owner. “As a new ICAT Agency Partner Owner, I will fully support the ICAT system that upholds a strong commitment to customer service and strives to exceed customer expectations in our growth endeavors.”
ICAT Miami office owner, Jaime Cabrera, brings over 20 years of expertise and experience in international export air freight, ocean freight, customs brokerage and international business development. Before joining the ICAT team, Cabrera began his freight career in 1990 and has held various positions at various companies that had an international focus, including LAN Chile airlines and two major freight forwarders. Prior to Cabrera joining ICAT, he played a major role in building a gateway into Latin America and he hosted the first Latin America (LATAM) conference that brought together over 15 different top LATAM countries including Argentina, Brazil, Costa Rica, Chile, Dominican Republic, Mexico, Peru and Venezuela. Cabrera’s extensive experience in increasing overall profits in these regions make him uniquely qualified for this role, and a true asset to the ICAT team.
"We are very excited for Jaime Cabrera and his group to join ICAT Logistics,” said ICAT Director of International Business Development, Keith Buford. “Over the next five years we expect Latin America to lead all countries in year-over-year growth and our new ICAT Miami office and their expertise positions ICAT perfectly for that future.”
About ICAT Logistics, Inc:
Established in 1993, ICAT Logistics has become a leading agency-based freight forwarder in the U.S. ICAT Logistics provides customizable shipping and logistic solutions for each and every customer and is dedicated to helping its agency partners grow more profitably with the Agency Partner Program. The successful Agency Partner Program gives customers complete control of handling their freight while providing the best corporate support in the business.
Toronto, ON, January 30, 2013 - DB Schenker in Canada announced today that Michael Schulz has been appointed Chief Financial Officer and Executive Vice President of Schenker of Canada Limited, replacing Petra Kuester who has relocated to the DB Schenker Logistics U.K. corporate office in London as CFO.
In his new role, Schulz is responsible for the company’s financial performance and will be reporting directly to Heiner Murmann, Chief Executive Officer, DB Schenker Americas.
“We are delighted that such a respected industry leader has joined DB Schenker,” said Heiner Murmann. “Michael’s expertise and enthusiasm, along with his extensive experience in project and infrastructure development will be invaluable to DB Schenker in Canada moving forward.”
Michael Schulz joined DB Schenker in Canada from DB ProjektBau, the engineering company of DB’s infrastructure division, where he held the role of CFO.
About DB Schenker in Canada:
DB Schenker in Canada is the 2nd largest Integrated Logistics Service Provider, operating from over 40 sites across the country. The company spans a coast-to-coast network that extends to all major harbours, airports and border crossings. In just over half a century, the business has grown to include 1,600 employees. DB Schenker in Canada has a portfolio of supply chain services that include: Contract Logistics/SCM, Air and Ocean Freight, Land Transport, Customs Brokerage and Consulting, and services for Fairs, Exhibitions and Sporting Events.
Atlanta, January 30, 2013 - United Parcel Service, Inc. (NYSE: UPS) today announced the withdrawal of its Offer for TNT Express (NYSE Euronext: TNTE).
As anticipated, the European Commission (EC) has issued a formal decision prohibiting the proposed acquisition of TNT Express. As a result of the prohibition by the EC, the Offer Condition relating to EU Competition Clearance will not be fulfilled and the acquisition of TNT Express by UPS will not be completed. Given this outcome, UPS and TNT Express entered a separate agreement to terminate the Merger Protocol.
UPS proposed significant and tangible remedies designed to address the EC's concerns with the transaction concerning the competitive landscape in Europe. UPS believes that the combined company would have been transformative for the logistics industry, bringing meaningful benefits to consumers and customers around the world, while supporting much needed growth in Europe in particular.
While UPS is disappointed in the EC's decision, the company's focus is on the continued execution of its growth strategy.
This is a press release by United Parcel Service, Inc. pursuant to the provisions of Article 4 and Article 12 paragraph 3 of the Decree on public offers Wft (Besluit Openbare Biedingen Wft, the Decree) in connection with the recommended public Offer by United Parcel Service, Inc. for all the issued and outstanding ordinary shares and all American depositary shares representing ordinary shares in the capital of TNT Express N.V. This announcement does not constitute an Offer, or any solicitation of any Offer, to buy or subscribe for any securities in TNT Express N.V. This announcement is not for release, publication or distribution, in whole or in part, in or into directly or indirectly Canada or Japan. This announcement is not for release, publication or distribution, in whole or in part, in or into directly or indirectly Canada or Japan. Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum.
UPS is making the Offer on the terms and subject to the conditions and restrictions contained in the Offer Memorandum, dated 21 June 2012. TNT Express has also made available the Position Statement, containing the information required by Article 18, paragraph 2 and Annex G of the Decree in connection with the Offer.
Terms not defined in this press release shall have the meaning as defined in the Offer Memorandum.
This announcement contains selected, condensed information regarding the Offer and does not replace the Offer Memorandum and/ or the Position Statement. The information in this announcement is not complete and additional information is contained in the Offer Memorandum and the Position Statement.
Shareholders are advised to review the Offer Memorandum and the Position Statement in detail and to seek independent advice where appropriate to reach a reasoned judgment in respect of the Offer and the content of the Offer Memorandum and the Position Statement.
Copies of the Offer Memorandum are available free of charge at the offices of UPS, TNT Express, the Listing and Exchange Agent and the ADS Tender Agent and can be obtained by contacting UPS, or TNT Express. Digital copies of the Offer Memorandum are available on the websites of UPS (www.investors.ups.com) and TNT Express (www.tnt.com). Digital copies of the Position Statement are available on the website of TNT Express (www.tnt.com).
Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, our competitive environment, increased security requirements, strikes, work stoppages and slowdowns, changes in energy prices, governmental regulations and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Tuesday, January 29, 2013
Menlo Worldwide Logistics Signs Multi-year Contract with Klone Lab for North American Warehousing and Distribution Services
Licensing and Design House for the Sports Performance and Lifestyle Industry Moves to 3PL’s New Multi-client Facility in Southern California
SAN FRANSISCO — Jan. 29, 2013 — Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced it has been engaged by Klone Lab to provide warehousing and distribution services in North America. A premium licensing and design house in the sports performance and lifestyle industries, Massachusetts-based Klone Lab has vast experience in design, development, brand marketing and distribution.
Klone Lab owns iPath eco-conscious skateboarding footwear and is the licensing house for New Balance sandals, slides and open-toe products. Under the new relationship, Menlo will manage warehousing and distribution services for Klone at its new 90,000-square-foot multi-client facility in Fontana, Calif. Klone will use 45,000 square feet of warehouse space to house over 3,000 SKUs which include footwear, apparel and accessories.
“We had to take our supply chain to the next level in North America as our business has grown. We needed a logistics provider with the expertise, IT capabilities and flexibility that’s critical to staying competitive,” said Matt Palma, president and chief operating officer of Klone Lab. “With Menlo, we’ve found a relationship that fulfills those needs, expands our warehousing and distribution capabilities, and ensures we continue to offer superior customer service. They transitioned us to the new space quickly and seamlessly and we’re confident our relationship will enjoy further success.”
“Our solution for Klone Lab will help them better serve their customers in North America and provide flexibility to adjust and adapt as their business changes,” said Robert L. Bianco Jr., president, Menlo Worldwide Logistics. “We’re excited to work with Klone Lab and look forward to helping them identify additional opportunities to optimize their logistics and supply chain operations.”
Menlo’s multi-client warehouse management solutions offers flexibility in contract commitment length, the ability to share existing IT platforms, an experienced management and labor infrastructure, requisite equipment and assets, and an extensive geographic network of pre-configured warehouse operations.
The company has multi-client facilities in North America, Europe and Asia-Pacific. All of the company’s facilities worldwide operate under the Lean principles of continuous improvement and reduction of waste.
About Menlo Worldwide Logistics:
Menlo Worldwide Logistics, LLC, is a US$1.7 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Francisco, Calif.-based Menlo Worldwide Logistics’ services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfillment and light assembly through a strategic network of multi-client and dedicated facilities. With more than 17 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Worldwide Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world.
Menlo Worldwide Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a $5.3 billion diversified freight transportation and logistics company. For more information, please visit us on the Web at www.con-way.com.
About Klone Lab:
Klone Lab, LLC is a leading full service global licensing and brand building company specializing in the design, manufacture, and distribution of sports and lifestyle footwear, apparel and accessories. Klone Lab is based in Amesbury, Mass.
HUNTINGTON, W. Va.—January 29, 2013—Allied Logistics, a West-Virginia-based warehousing and logistics company, today announced that an Allied-affiliated company—Hopewell Management, LLC—has joined with Industrial Real Estate Group (IRG) and Gilco International to purchase the former Masco facilities in Waverly, Ohio.
The 228-acre, 11-building, 2.5-million-square-foot complex was used by Masco to manufacture cabinets until it closed in June 2011, eliminating 1,400 jobs.
“We are extremely pleased to partner with a successful, qualified and knowledgeable partner like IRG,” said Allied Logistics Chairman and CEO Lake Polan. “There are a number of synergies and opportunities between our two organizations.”
The Masco complex features an on-site electrical substation, rail access to both CSX and Norfolk Southern railroads, more than 500 trailer spaces, 175 docks with 21 drive-ins and more than 30,000 spare feet of office space.
“This is a superb campus with excellent buildings designed to support a range of activities, including manufacturing and logistics,” said Polan. “We think this is an outstanding facility and location, and IRG is an ideal partner, for Allied’s expansion into Ohio. Waverly has a great, highly skilled workforce, many of whom need jobs. We’re hoping to provide some of those jobs.”
The former Masco facility is centrally located between Columbus, Cincinnati and Charleston, W.Va. and about 50 miles from Rickenbacker Inland Port, a global multi-modal logistics hub that is home to a network of air, road and rail transport companies supported by freight forwarders, consolidators, customs brokers and third-party logistics providers.
The complex is also less than 100 miles from Allied Logistics’ Huntington, W.Va. headquarters. “The Waverly facility has excellent potential to become a strong part of our logistics network,” Polan said.
Allied Logistics will lease 150,000 square feet of the premises to establish a warehousing and logistics operation. Currently the company is working to locate businesses that can utilize space in the Central Ohio market. They are also working with IRG and local economic development officials to market the space to third-party logistics providers and to manufacturers and distributors in the region who prefer to outsource their logistics rather than leasing warehousing to operate themselves.
“This facility is ideally suited for distribution. The large size and high clearances of the buildings and the site’s multi-modal transportation access offer a wide range of opportunities for a number of different businesses to locate here,” said Jeff Smith, President of Allied Logistics West Virginia Operations. Allied Logistics plans to have an operation in place by the second quarter of 2013.
Allied Logistics has a long history of revitalizing industrial sites that once served as the economic backbone for communities. In West Virginia these include the former Liggett & Meyers and Huntington Tobacco markets in Huntington, the former Creasy warehouse in Kenova, the former Hecks headquarters and distribution center in Nitro and the former Hyperlogistics property in Vienna.
Since purchasing the former General Electric and Genicom facility in Waynesboro, Va. nearly a decade ago, Allied Logistics rebranded the 340,000-square-foot building into an office, manufacturing and distribution complex known as Solutions Place. Today, Solutions Place is a thriving commercial hub for about a dozen new and established companies.
In November 2012, Allied Logistics and its corporate parent Allied Realty Company led the transformation of another Waynesboro property, the former home of carpet manufacturers Wayn-Tex LLC and later Mohawk Industries. Reborn as Delphine Enterprise Center, the 464,000-square-foot office, warehousing and manufacturing facility has been renovated to accommodate users of all sizes.
ABOUT ALLIED LOGISTICS:
Allied Logistics, operated originally as Allied Warehousing Services, Inc., entered the warehousing business in 1970 when its parent company, Allied Realty Company (founded in 1922), acquired a 100,000-square-foot, multi-floor warehouse. The company has grown to operate more than 2 million square feet of public and contract warehousing with nine facilities in the central and western areas of West Virginia and western Virginia. As the company grew, Allied Logistics was created to consolidate many of the services that had preceded it, including Allied Transportation Services Company, Reo Distribution Services and Allied Processing Services. For more information, visit alliedlogistics.com.
Monday, January 28, 2013
January 28, 2013 - Monroe Township, NJ – Port Jersey Logistics, a leading third party logistics service provider, recently appointed Al Hickey to the position of Director of Operations.
In this role, Mr. Hickey will be directly responsible for identifying areas of operational growth and implementing process improvements and employee development programs for Port Jersey’s warehouse division, Tyler Distribution Centers, Inc. He also will join a newly formed project team tasked with developing and overseeing an upgraded Warehouse Management System. Several other strategic initiatives currently underway throughout the organization also will fall under Mr. Hickey’s purview.
Prior to joining Port Jersey Logistics, Mr. Hickey enjoyed an upwardly mobile tenure with logistics provider USCO and Kuehne & Nagel, where he earned the title of Vice President of Operations and built a solid reputation for designing and implementing innovative strategies to support corporate growth goals, as well as ensuring adherence to the highest standards and efficiency levels for all customers.
“Al’s broad industry experience, enthusiastic drive and operational focus complement our organizational framework, and contribute to the continued development of our winning team,” said Robert Russo, President of Port Jersey Logistics. “We are confident that he will be a valuable addition, and are very happy to welcome him aboard.”
Mr. Hickey is a graduate of LeMoyne College in Syracuse, NY and holds a Bachelor of Arts in Business Administration with a concentration in Operations.
About Port Jersey Logistics:
Port Jersey Logistics offers 59 years of experience with state-of-the-art systems and facilities to meet a broad range of logistics requirements. It is equipped to handle a wide-rangingspectrum of products including grocery, specialty foods, alcoholic beverages, health and personal care products, electronics, textiles, ingredients and raw materials.
Port Jersey locations are certified food-grade facilities, AIB approved and Organic Certified, as well as FDA registered. Each facility is also licensed by the NJ Division of Alcoholic Beverage Control. As a complete provider, Port Jersey Logistics also offers many Valued Added Services such as freight consolidation, product packaging, repacking, shrink wrapping, labeling and ticketing, product return services, creation of point-of-purchase displays, container drayage, freight management and fulfillment services.
Reducing Gridlock and Advancing Life-Saving Vehicle Technology at Nashville Summit
Washington, D.C. January 28, 2013 – Two thousand transportation officials and high-tech leaders from across the country will gather in Nashville, TN from April 22 – 24, 2013 to explore solutions for easing traffic congestion, financing the nation’s transportation system, and advancing life-saving vehicle technologies.
As governments at all levels are being asked to do more with less, participants will also examine ways in which intelligent transportation systems (ITS) can make the nation’s roads and public transit systems more efficient and cost-effective, while providing commuters and highway users with more convenient, modern travel options.
The Intelligent Transportation Society of America’s (ITS America) 23rd Annual Meeting & Exposition will be held at the Gaylord Opryland Resort and Convention Center, and will showcase the latest ITS technology solutions with an Exhibit Hall and panel discussions featuring national, regional and local transportation officials and innovation leaders.
The three-day event will highlight the latest transportation innovations that are being developed and implemented across the United States – solutions such as connected vehicle technology, intelligent traffic signals, advanced traffic and incident management systems, electronic tolling and pricing systems, smart mobility apps, and real-time traffic, transit, navigation and parking information.
At the event, leading transportation professionals from public agencies, private industry and academia will also explore new ideas and opportunities for improving safety and mobility and modernizing the nation’s infrastructure.
This year’s program will also feature:
* State DOT CEO Roundtable – Transportation CEO’s from around the country will share their experience and ideas for how states can better utilize ITS technologies to address critical transportation challenges, as well as what changes are on the horizon as a result of last year’s transportation reauthorization bill, MAP-21.
* Legislative Sessions – Attendees will have a unique opportunity to hear from and provide input to policymakers who have jurisdiction over transportation and technology legislation.
* U.S. DOT Programs Update – Senior officials from across the U.S. Department of Transportation will present the latest developments in federal highway, transit and safety programs, including the ITS Strategic Plan and what lies ahead for 2013 and beyond.
* ITS Spotlights – Private sector innovation leaders will discuss the latest developments in the ITS field, including recent deployment projects that are making a real-world impact on transportation safety, mobility, the environment and the economy.
* Town Hall Meetings – These new, interactive sessions will focus on controversial and timely subjects including innovative financing alternatives for the nation’s transportation system.
* Training – State, city and county transportation professionals can register for training courses on numerous ITS-related subjects. The training sessions are hosted by the Federal Highway Administration (FHWA).
About the Intelligent Transportation Society of America:
The Intelligent Transportation Society of America represents more than 400 member organizations including public agencies, private corporations, and academic institutions involved in the research, development, and deployment of technologies that improve safety, increase mobility, and sustain the environment. For more information, visit www.itsa.org.
Thursday, January 24, 2013
WATERLOO, Ontario, Jan. 24, 2013 -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce,announced that OHL, a leading global 3PL and freight forwarder, is enhancing its security operations with Descartes' cloud-based Air Cargo Advance Screening
"We've been successfully using Descartes' Automated Commercial Environment (ACE) and Advanced Commercial Information (ACI) compliance solutions to manage security filings for shipments into the United States and Canada for a number of years. Working with Descartes to deploy their ACAS solution was a natural extension," said Steve Hutter, Director of Aviation Security at OHL. "The key benefit is that we're able to repurpose our existing air messaging traffic moving via Descartes' Global Logistics Network (GLN) for use within the ACAS solution."
ACAS was designed to provide Customs and Border Protection (CBP) with more time to analyze security filing data for US-bound air cargo shipments prior to the shipment being loaded on the aircraft. By receiving information about the parties and commodities involved in an
inbound air shipment earlier from the forwarder as opposed to the carrier, CBP hopes to be able to better identify high-risk shipments destined for the United States. In addition, the program will speed up the movement of lower-risk shipments and leave more resources to focus on higher-risk shipments for additional screening.
"Being able to leverage the house bill information automatically received by the GLN from a forwarder's enterprise system and use it to file to CBP directly, streamlines the entire filing process and increases data quality," said Eric Bossdorf, Vice President Global
Logistics Network at Descartes. "We're pleased that our broad suite of compliance solutions for the air cargo industry is helping to make the logistics operations of leaders like OHL more efficient."
OHL International is a division of OHL. OHL is one of the largest 3PLs
in the world, providing integrated global supply chain management
solutions including transportation, warehousing, customs brokerage,
freight forwarding, and import and export consulting services. OHL
operates more than 130 value-added distribution centers, offers
comprehensive transportation management services, employs nearly 7,000,
and has offices worldwide. OHL has expertise in direct-to-consumer
fulfillment, efulfillment, serves a wide range of business sectors from
specialty retail to manufacturing, and specializes in the textiles and
apparel, footwear, electronics, retail, printing, food and beverage,
and consumer packaged goods industries. www.ohl.com
Descartes (TSX:DSG) (Nasdaq:DSGX) is a global leader in providing
on-demand, software-as-a-service solutions focused on improving the
productivity, performance and security of logistics-intensive
businesses. Descartes' B2B network, the Global Logistics Network,
integrates more than 35,000 trading partners to our cloud-based
Logistics Technology Platform to unite their businesses in commerce.
Customers use our modular, software-as-a-service solutions to route,
schedule, track and measure delivery resources; plan, allocate and
execute shipments; rate, audit and pay transportation invoices; file
customs and security documents for imports and exports; and complete
numerous other logistics processes by participating in the world's
largest, collaborative multi-modal logistics community. Our
headquarters are in Waterloo, Ontario, Canada and we have offices and
partners around the world. Learn more at www.descartes.com.
This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that relate
to Descartes' solution offering and potential benefits derived
therefrom; and other matters. Such forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, performance or achievements to
differ materially from the anticipated results, performance or
achievements or developments expressed or implied by such
forward-looking statements. Such factors include, but are not limited
to, the factors and assumptions discussed in the section entitled,
"Certain Factors That May Affect Future Results" in documents filed
with the Securities and Exchange Commission, the Ontario Securities
Commission and other securities commissions across Canada. Readers are
cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. We do not undertake
or accept any obligation or undertaking to release publicly any updates
or revisions to any forward-looking statements to reflect any change in
our expectations or any change in events, conditions or circumstances
on which any such statement is based.
21,000 Chicago Deep-Dish Pizzas will be sent to Soldiers in Afghanistan and Kuwait for Super Bowl Sunday
Plantation, FL and Chicago, IL – January 24, 2013: Pizzas 4 Patriots is teaming up with the world’s leading international express shipping provider, DHL Express, to quarterback the special delivery of 21,000 pizzas to U.S. servicemen and servicewomen on Super Bowl Sunday – America’s biggest day of the year for eating pizza.
With DHL Express donating the services of its global express shipping network to the non-profit organization, Pizzas 4 Patriots will be able to send enough deep dish pizza to feed every soldier stationed in Afghanistan and Kuwait.
“Since 2008, we have had the pleasure of providing our brave U.S. servicemen and women overseas with the most delicious, authentic ‘slices of home’, letting them know we care and we are thinking of them,” said Ret. Master Sergeant Mark Evans, founder of Pizzas 4 Patriots. “While our soldiers’ presence in the Middle East continues to become smaller, they still need to know that we appreciate the sacrifices they make for us, our families and our country.”
The DHL Express team will be packing and loading all 21,000 ready-to-bake, Chicago-style pizzas from Illinois-based Great Kitchens into DHL cargo jets and shipping them to the troops stationed at several military bases across Afghanistan and Kuwait. A send off event hosted by Illinois Governor Pat Quinn is scheduled for January 29 at 10:00 a.m. at the Thompson Center in downtown Chicago.
“While we can never do enough to honor the many sacrifices our men and women in uniform make, we should make every effort to show our appreciation,” Governor Quinn said. “I want to thank DHL Express and Pizza 4 Patriots for their extraordinary effort in giving our troops the chance to enjoy the game with the food they grew up with.”
Once in the Middle East, the shipment will be distributed to Camp Bastion, Bagram Airbase and Kandahar – all in Afghanistan – as well as Camp Arifjan in Kuwait and various Forward Operating Bases in both countries. DHL Express will provide door-to-door, final delivery for the distribution, working closely with the U.S. military to ensure the pizzas are delivered fresh and ready at the various military bases.
“We are honored to leverage our global network, so U.S. troops can enjoy a taste of home this Super Bowl Sunday,” said Ian Clough, CEO of DHL Express U.S. “We are fortunate to have an experienced, committed staff that truly understands the intricacies of international shipping. While DHL Express handles urgent shipments like this across borders every day, I know our teams are working extra hard to ensure the pizzas arrive fresh and in excellent condition.”
Since 2008, Pizzas 4 Patriots has worked with DHL Express to send more than 122,000 pizzas in support of U.S. military personnel overseas.
DHL is the global market leader in the logistics industry and “The Logistics company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers. A global network composed of more than 220 countries and territories and about 275,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting climate protection, disaster management and education. DHL is part of Deutsche Post DHL. The Group generated revenue of 53 billion Euros in 2011.
About Pizzas 4 Patriots:
Pizzas 4 Patriots, founded by Ret. Master Sergeant Mark Evans, is a non-profit organization with the mission of making a positive difference in the lives of our service men and women. We proudly support those patriots presently serving, as well as our wounded Veterans. It is our goal to provide our Armed Forces with unique gifts from home. We have been fortunate to receive donations, ranging from financial to products and services, from individuals, families, corporations, and other organizations, all wanting to show appreciation for the sacrifice of our brave troops. Our goal is to bring a little bit of home to the troops, and show them that they are supported by the country and residents who enjoy the freedoms that they provide for us. For more information on our programs, please visit: www.Pizzas4Patriots.com.
Wednesday, January 23, 2013
Davos-Klosters, Switzerland – 23 January 2013 – Business and governments are increasingly concerned about the lack of resilience that exists in global supply chains, according to the World Economic Forum’s Building Resilience in Supply Chains report. The report, an initiative of the World Economic Forum’s Risk Response Network in collaboration with Accenture, reveals that 80% of companies worldwide see better protection of supply chains as a priority, given the persistence of external threats and vulnerabilities such as oil dependence and information fragmentation.
Top supply chain risks identified in the report by corporate and government executives included conflict and political unrest, and natural disasters and extreme weather conditions such as the effects of Super Storm Sandy, which closed ports and airports in the north-eastern US in November 2012 and prompted localized fuel rationing, and the floods in Thailand in 2011 and 2012. The report also found that cyber risk and rising insurance and trade finance are emerging areas of concern.
The report calls for four steps to help integrate resilience thinking into supply chain management:
* Institutionalize a risk assessment process rooted in a broad-based and neutral international body
* Mobilize international standards bodies to develop and harmonize the adoption of resilience standards
* Incentivize organizations to follow agile, adaptable strategies to improve common resilience
* Expand the use of data-sharing platforms for risk identification and response
“Improving cooperation on risk and resilience remains a hard thing to do, but is particularly important for supply chains, as they are a critical and strategic part of national infrastructure,” added Sean Doherty, Director of Supply Chain & Transport Industry at the World Economic Forum.
The report also pinpointed notable differences in perspectives that stem from government responsibility for public security and long-term risks compared to industry’s focus on ensuring that supply chains work effectively on a day-to-day basis. Differences in regional perspectives – attributed to local experiences with supply chain disruption and growth expectations – underscored the need to develop a harmonized resilience framework supported with common supply chain standards.
To help government, industries and consumers cooperate, the report calls for a common risk vocabulary, improved data and information sharing along and between supply chains, and more flexible response strategies.
“Global supply chains face a broad range of risks, from natural disasters and extreme weather to economic uncertainties and the emerging threats like cybercrime. These become more challenging as supply chains become longer and more complex,” said Sander van ‘t Noordende, Group Chief Executive, Management Consulting, Accenture. “However, adaptable organizations using robust analytical capabilities can help inform management and facilitate rapid responses to their changing environment.”
Dynamic Resilience, the theme of this year’s World Economic Forum Annual Meeting in Davos, helps supply chain and trade management move beyond prescriptive regulatory frameworks – which historically focused on singular risks – to more flexible and agile public-private partnerships that help organizations prepare and respond to a broad range of potential disruptions in the future.
Leading airlift provider to continue providing support for U.S. operations in the region
WOOD DALE, Ill., Jan. 23, 2013 -- AAR (NYSE: AIR) announced today that the Company's Airlift business was selected to renew its support in Western and Central Africa. The renewal is valued at approximately $9 million in revenue and will run through mid-June 2013. AAR Airlift supports this requirement as a subcontractor to ACADEMI, LLC.
The contract renewal calls for AAR to transport personnel and supplies using two fixed-wing aircraft to support U.S. Army Space and Missile Defense Command (SMDC) and U.S. Department of Defense Counter Narco-Terrorism Program Office (CNTPO) operations.
"This renewal signals the confidence our dedicated pilots and support teams have earned by providing reliable support in austere environments," said Randy J. Martinez, President, AAR Airlift Group. "We are very proud to provide airlift support for the U.S. Government and its allies in this region as an integral part of our nation's extended transportation and logistics capability."
AAR's Airlift Group provides expeditionary airlift services for defense, security and humanitarian relief operations for the U.S. Department of Defense (DoD) and other U.S. agencies in three regions around the world, transporting personnel, supplies and mail over land and at sea.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR's services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR's products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2012. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission
Tuesday, January 22, 2013
GE Capital Fleet Services Identifies $460 Million in Customer Cost Savings in 2012 Replacement Analysis Cited as Key Driver of Fleet Cost Reduction
Eden Prairie, Minn. – January 22, 2013 – GE Capital Fleet Services today announced $460 million in identified customer cost savings for the full year of 2012, with accelerated and optimal replacement analyses cited as the leading areas for savings.
By analyzing customers’ fleets to maximize efficiency and reduce costs, GE Capital has identified a total of $1.4 billion in potential savings opportunities for customers in the past four years.
“Throughout the year, we conduct ongoing analyses on behalf of our customers to evaluate the management of their fleets,” said Steve Jastrow, strategic consulting services manager at GE Capital Fleet Services. “In 2012, replacement analysis in particular was an area we identified as a significant opportunity for savings, due in part to the robust resale market.”
The largest areas of cost savings identified by GE Capital Fleet Services during 2012 include:
• Accelerated replacement analyses: Determining opportunities to accelerate the service life cycle of vehicles in order to decrease overall fleet depreciation
• Optimal replacement analyses: Determining the optimal time to cycle vehicles in a fleet to drive reduced maintenance and fuel spend costs
• Lease versus reimbursement: Identifying cost-cutting opportunities to convert companies’ driver reimbursement programs to vehicle leasing programs
• Strategic account planning: Experts provide the information, analysis, insights and actionable plans that customers need to set the stage for success
• Lease versus purchase: Determining whether leasing or owning vehicles is the most cost efficient way to manage a specific company’s fleet
“Our team strives to provide systematic solutions, such as vehicle optimization and sustainability, to our customers in order to preserve their bottom line,” said Brad Hoffelt, senior vice president and general manager of products & services at GE Capital Fleet Services. “Our goal is to arm our customers with solutions that minimize costs while simultaneously maximizing fleet operations and productivity.”
About GE Capital Fleet Services:
GE Capital Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. Visit the website at gefleet.com or follow the company’s eco news and updates via Twitter (@GEFleetSvcs).
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Werner Enterprises' President & COO Derek Leathers to Deliver Keynote Address at the 2013 ALK Transportation Technology Summit
Princeton, New Jersey - January 22, 2013 - ALK Technologies, Inc., a global leader in GeoLogistics™ and navigation software, today announced that for the second consecutive year, Derek Leathers, President and COO of Werner Enterprises, Inc. will deliver the keynote address at the 2013 ALK Transportation Technology Summit.
Hosted by ALK Technologies, Inc., the 2013 Transportation Technology Summit will take place May 14-16, 2013 in Princeton, New Jersey.
We are thrilled to have Derek Leathers back on-board this year as our keynote speaker; we look forward to Derek sharing his industry outlook one year later," said Dr. Barry J. Glick, Executive Vice President and General Manager of ALK Technologies who will kick off the program with introductory remarks.
Derek Leathers has worked in the transportation and logistics industry for over 20 years. Throughout his tenure at Werner, he has held integral roles in many facets of the organization, including the establishment of Werner's Mexico operations, oversight for all asset operating groups and leading the launch of Werner Global Logistics, which encompasses transportation management and freight movement within Intermodal, Ocean, Air and Brokerage.
"In addition to having Derek Leathers as our keynote, we are also excited to announce that our agenda includes more interactive sessions and panels which will allow our attendees to voice their experiences and challenges while focusing on innovative solutions as reflected in our conference theme," said Glick.
The conference theme, Synchronize Strategies. Deliver Results., will provide transportation, logistics and manufacturing companies with valuable guidance on how to maximize operational efficiency. Celebrating its ninth year, this event brings together senior transportation executives and industry thought leaders to highlight cutting-edge technology trends and to share a strategic vision for opportunity and business success.
This unique thought leader symposium offers a full slate of discussions with senior executives and customers of leading industry technology providers. Participants will receive the opportunity to debate, benchmark and learn from other leaders through a forum that consists of expert presentations, case studies, panel discussions, facilitated roundtables, and unparalleled networking. Presentations and roundtables will address key challenges facing all sectors of the industry today, including truckload, LTL, intermodal, private fleets, manufacturers, and logistics service providers. Topics include compliance, supply chain efficiency, safety, operating cost management, with a focus on innovations in wireless technology and in-cab solutions.
The three day event held at the newly renovated Hyatt Regency Princeton includes a golf outing on May 14th and dinner reception on the evening of May 15th both at the prestigious Tournament Players Club - Jasna Polana in Princeton. For more information, visit: www.alk.com/techsummit.
About ALK Technologies, Inc.
ALK Technologies, a global leader in GeoLogistics™ and navigation software, is focused on developing innovative solutions for transportation, logistics, and mobile workforces. For more than 30 years, ALK has led the transportation industry with high-quality routing, mileage, and mapping solutions. Product lines include award-winning CoPilot Live, the GPS navigation software of choice for fleets, mobile operators, hardware OEMs, systems integrators, and professional drivers. ALK's PC*MILER is widely recognized as the industry standard and is depended on by transportation, logistics and manufacturing companies worldwide. Our newest product, ALK Maps is a development platform designed for the transportation industry and provides commercial routing, geocoding and mapping visualization for enterprise applications. ALK Technologies, Inc. is part of Trimble's® (NASDAQ: TRMB) International Transportation and Logistics Division.
January 22, 2013 (Oakville, ON) – Douglas Nix, Vice Chairman of Corporate Finance Associates, is pleased to announce CFA Toronto’s 6th completed transaction of 2012 and CFA’s 40th mid-market North American transaction of the year.
On December 4, 2012, Transplace LLC, a leading provider of transportation management services and logistics technology, based in Frisco, Texas, announced it has acquired Torus Freight Systems, a Canadian-based logistics services company focused on Canadian cross-border and intra-Canada freight. Torus was represented by CFA Toronto West. Terms of the transaction were not disclosed.
Transplace is a portfolio company of New York-based private equity firm CI Capital Partners since 2009. “Acquiring Torus, a leading Canadian 3PL, continues our expansion through strategic acquisition. Geographic expansion was our goal, and that’s exactly what we have accomplished with this acquisition,” said Transplace CEO Tom Sanderson.
“We are pleased to add Torus’ expert employees to our workforce and their strong Canadian carrier base to our portfolio, and it also perfectly balances our strong presence in Mexico. Bringing the Torus team on board allows Transplace to offer more services to existing customers and to serve a new set of customers.
This acquisition further supports our commitment and strategic plan to grow Transplace and build a competitive advantage for our company and our customers.”
As one of the top ten freight capacity brokers in the U.S. and a leading provider of 3PL services, Transplace generates revenue in excess of $1.3 billion. Transplace helps its customers manage complex logistics and shipping needs by providing customized solutions through a proprietary web-based TMS platform. The company provides full transportation outsourcing, carrier contracting and negotiation, and intermodal and freight brokerage services to a diverse blue chip customer base.
Joost Thesseling, managing director at CI Capital Partners, said, “The acquisition of Torus is an important step in Transplace’s strategy of complementing its strong organic growth with selective, strategic acquisitions. Torus is a great addition to the Transplace portfolio, and we are excited to support Tom Sanderson and the rest of the Transplace management team in building the business across North America.”
"We have a very strong network to meet our customers’ predominantly northbound requirements from all points in the USA to Canada. We also provide southbound service to the USA and domestic service within Canada,” said Angelo LaMantia, president and CEO, Torus. “Joining Transplace allows us to give our current customers further reach and scale into all of North America, including Mexico, along with the advantage of Transplace’s vertical and mode experience.”
About Corporate Finance Associates:
Corporate Finance Associates is one of the top ten investment banks in North America. In 2012, CFA completed 43 mid-market M&A transactions, of which 7 were completed by CFA Toronto. Founded in 1956, it has 20 offices in North America and 14 affiliates in Europe, Asia and South America. Since it's founding, CFA has completed more than 5,000 transactions.
Transplace is a North American non-asset-based third party logistics (3PL) provider offering manufacturers, retailers, chemical and consumer packaged goods companies the optimal blend of logistics technology and transportation management services. They provide a comprehensive mix of transportation management and technology services including supply chain consulting and execution ranging from end-to-end logistics outsourcing to intermodal, freight brokerage and SaaS TMS. The company is recognized among the elite global 3PLs by a customer base that includes many of the largest shippers in the world.
MONTREAL, Jan. 22, 2013 - CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2012.
Fourth-quarter and full-year 2012 financial highlights:
• Record fourth-quarter and full-year 2012 carloads, revenues and revenue ton-miles.
• Fourth-quarter 2012 net income was C$610 million, or C$1.41 per diluted share, compared with net income of C$592 million or, C$1.32 per diluted share, for the year-earlier quarter.
• Q4-2012 diluted earnings per share (EPS) of C$1.41 increased eight per cent over year-earlier adjusted diluted EPS of C$1.30 (adjusted net income of C$581 million), which excluded an income tax recovery. (1)
• Full-year 2012 net income was C$2,680 million, or C$6.12 per diluted share, compared with net income of C$2,457 million, or C$5.41 per diluted share, for 2011.
• Full-year 2012 adjusted diluted EPS increased 16 per cent to C$5.61, with adjusted 2012 net income of C$2,456 million versus adjusted net income of C$2,194 million in 2011. (1)
• Q4-2012 operating income increased 10 per cent to C$922 million, while full-year 2012 operating income rose 12 per cent to C$3,685 million.
• Fourth-quarter 2012 operating ratio improved by 1.1 points to 63.6 per cent; full-year 2012 operating ratio was 62.9 per cent, a 0.6-point improvement.
• 2012 free cash flow totalled C$1,006 million, after voluntary pension plan contributions of C$700 million, compared with free cash flow of C$1,175 million for 2011. (1)
Claude Mongeau, president and chief executive officer, said: "CN's team of railroaders delivered impressive fourth-quarter results on the strength of a seven per cent increase in revenues, capping a very strong 2012 performance.
"Thanks to our supply chain collaboration focus and solid execution, CN's growth last year continued to outpace that of the overall economy, generating the highest volumes and earnings in Company history.
"In 2012, we experienced strong growth in commodities related to oil and gas, particularly crude oil, and saw continued market share gains in overseas and domestic intermodal. CN also benefited from strong coal and petroleum coke exports, increased wheat and soybean exports, as well as higher lumber and panels shipments to the United States."
Foreign currency impact on results
Although CN reports its earnings in Canadian dollars, a large portion of its revenues and expenses is denominated in U.S. dollars. As such, the Company's results are affected by exchange-rate fluctuations. On a constant currency basis that excludes the impact of fluctuations in foreign currency exchange rates, CN's fourth-quarter 2012 net income would have been higher by C$11 million, or C$0.03 per diluted share, while its 2012 net income would have been lower by C$14 million, or C$0.03 per diluted share. (1)
Positive 2013 outlook, increased dividend (2)?Mongeau said: "For 2013, CN anticipates continued gradual improvement in the economy and further growth opportunities in intermodal, energy and other resource markets. Despite the challenge of an approximate C$150-million headwind related to increased pension expense and the impact of depreciation studies, CN is aiming for high single-digit growth in 2013 diluted earnings per share over adjusted diluted earnings per share of C$5.61 for 2012. CN also expects to generate 2013 free cash flow in the range of C$800 million to C$900 million, including a normalized, higher level of cash taxes. (1)
"Given CN's strong balance sheet and its solid outlook for earnings and free cash flow generation, I am pleased to announce that the Company's Board of Directors has approved a 15 per cent increase in CN's 2013 quarterly common-share dividend."
Fourth-quarter 2012 revenues, traffic volumes and expenses?Revenues for the fourth quarter of 2012 increased by seven per cent to C$2,534 million. Revenues increased for coal (15 per cent), petroleum and chemicals (13 per cent), grain and fertilizers (11 per cent), intermodal (seven per cent), and automotive (five per cent). Revenues declined for forest products (two per cent), and metals and minerals (one per cent).Carloadings for the quarter rose three per cent to 1,270 thousand.
Revenue ton-miles, measuring the relative weight and distance of rail freight transported by CN, increased by eight per cent over the year-earlier quarter.
Rail freight revenue per revenue ton-mile, a measurement of yield defined as revenue earned on the movement of a ton of freight over one mile, declined by one per cent.
Total operating expenses increased by five per cent to C$1,612 million.
Full-year 2012 revenues, traffic volumes and expenses?2012 revenues increased 10 per cent to C$9,920 million, with all business units registering gains: petroleum and chemicals (15 per cent), coal (15 per cent), metals and minerals (13 per cent), intermodal (11 per cent), automotive (11 per cent), forest products (five per cent), and grain and fertilizers (four per cent).
The rise in total revenues was largely attributable to higher freight volumes, due in part to growth in North American and Asian economies, and the Company's performance above market conditions in a number of segments, as well as increased volumes in the second quarter as a result of a labor disruption at a key competitor; freight rate increases; the impact of a higher fuel surcharge as a result of year-over-year increases in applicable fuel prices and higher volumes; and the positive translation impact of the weaker Canadian dollar on U.S. dollar-denominated revenues.
Carloadings for the year increased four per cent to 5,059 thousand. Revenue ton-miles increased by seven per cent over 2011, while rail freight revenue per revenue ton-mile increased by three per cent.
Total operating expenses for 2012 increased by nine per cent to C$6,235 million, mainly due to higher labor and fringe benefits expense, increased purchased services and material expense, as well as increased fuel costs.
Certain information included in this news release constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements. To the extent that CN has provided guidance that are non-GAAP financial measures, the Company may not be able to provide a reconciliation to the GAAP measures, due to unknown variables and uncertainty related to future results. Key assumptions used in determining forward-looking information are set forth below.
CN has made a number of economic and market assumptions in preparing its 2013 outlook. The Company is forecasting that North American industrial production for the year will increase by about 2.0 per cent. CN also expects U.S. housing starts to be in the range of 950,000 units and U.S. motor vehicles sales to be approximately 15 million units. In addition, CN is assuming that 2013/2014 grain crop production in both Canada and the U.S. will be in-line with their respective five-year averages. With respect to the 2012/2013 crop, production in Canada was slightly above the five-year average while production in the U.S. was below the five-year average. With these assumptions, CN assumes carload growth of three to four per cent, along with continued pricing improvement above inflation. CN also assumes the Canadian-U.S. exchange rate to be around parity for 2013 and that the price of crude oil (West Texas Intermediate) for the year to be in the range of US$90-$100 per barrel. In 2013, CN plans to invest approximately C$1.9 billion in capital programs, of which more than C$1 billion will be targeted on track infrastructure to maintain a safe and fluid railway network. In addition, the Company will invest in projects to support a number of productivity and growth initiatives.
Important risk factors that could affect the forward-looking statements include, but are not limited to, the effects of general economic and business conditions, industry competition, inflation, currency and interest rate fluctuations, changes in fuel prices, legislative and/or regulatory developments, compliance with environmental laws and regulations, actions by regulators, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, labor negotiations and disruptions, environmental claims, uncertainties of investigations, proceedings or other types of claims and litigation, risks and liabilities arising from derailments, and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CN's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN's website, for a summary of major risk factors.
CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable Canadian securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
1)See discussion and reconciliation of non-GAAP adjusted performance-measures in the attached supplementary schedule, Non-GAAP Measures.
2)See Forward-Looking statements for a summary of the key assumptions and risks regarding CN's 2013 outlook.
CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the Company's website at www.cn.ca.
Monday, January 21, 2013
Canadian Pacific's EVP and Chief Marketing Officer to Address Stifel Nicolaus Transportation and Logistics Conference
CALGARY, Jan. 21, 2013 - Jane O'Hagan Executive Vice President and Chief Marketing Officer, Canadian Pacific (TSX: CP) (NYSE: CP) will address:
February 12, 2013 - Stifel Nicolaus Transportation and Logistics Conference 2013 at 8:30 a.m. Eastern time at The Ritz Carlton, Key Biscayne, Florida.
February 13, 2013 - BB&T Capital Markets 28th Annual Transportation Services Conference at 11:30 a.m. Eastern time at The Biltmore Hotel, Miami-Coral Gables, Florida.
Ms. O'Hagan's presentations will provide highlights of CP's current business performance and trends.
There will be live audio webcasts of Ms. O'Hagan's presentations. Replays of the webcasts, as well as the presentation materials, will be available in the Investor section of CP's website, www.cpr.ca.
About Canadian Pacific:
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is a low-cost provider that is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.
VANCOUVER, Jan. 21, 2013 - Informa Canada, a UK-based firm, is pleased to announce the inaugural Cargo Logistics Canada Expo & Conference (CLC), which will take place January 29 - 30, 2014, at the Vancouver Convention Centre West. CLC is a B2B platform to connect stakeholders in Canadian supply chains, fostering synergies between freight owners and movers. CLC is about opening new doors for sea, air, rail and road cargo collaboration on a regional, continental and international scale.
Partnered with CLC are a diverse group of associations representing the entire supply chain spectrum. As a result, CLC will gather the broadest group of stakeholders in sea, air, rail and road freight ever assembled in Canada. The Canadian International Freight Forwarders Association (CIFFA) is one of more than a dozen prestigious Supporting Associations:
"CIFFA is excited to be a Supporting Association of the inaugural Cargo Logistics Canada Expo & Conference. It is through opportunities like CLC, where all supply chain stakeholders gather to support and promote the industry, that CIFFA is able to achieve its mission. We anticipate that CLC will provide a national platform for the entire freight sector to come together in an atmosphere of learning and networking" states Ruth Snowden, Executive Director, CIFFA.
Canada's Platform for New Innovations:
Leading suppliers from the freight, logistics, materials handling and supply chain sectors will exhibit and showcase the latest innovations, making CLC the platform for new product launches in Canada. The centerpiece of the event will be a large and dynamic 50,000 sq. ft. exposition floor, featuring 150+ exhibits. Thousands of visitors from domestic and international markets will attend the event for networking and discovery.
Educating the Industry:
As part of this multi-layer approach, CLC will offer a top-tier professional development program relevant to the entire Canadian freight transportation industry. Featuring 40+ seminars and up to 100 speakers, the schedule will allow professionals to build their own program without being tied to a costly one-size-fits-all conference pass. This cost-effective format will make CLC accessible to the market, setting a new trend in logistics conferences.
CLC is Canada's Logistics Hub:
"Logistics is about finding efficiencies," states David Tyldesley, CLC Director. "Perhaps no other industry is more focused on this fundamental concept." Tyldesley notes, "To our knowledge, stakeholders in the air, sea, rail and road freight sectors have never been involved in one, cost-effective, consolidated event. Our approach emphasizes efficient collaboration and this has been extremely well-received."
Cargo Logistics Canada Expo & Conference takes place January 29 -30, 2014 in Vancouver. To learn more, please visit www.cargologisticscanada.com.
Informa plc reports it is the largest publicly-owned organizer of conference and training events in the world with a diverse portfolio events that attract 1.1m+ attendees annually. For more information about Informa visit www.informaexhibitions.com or www.informacanada.com.
MONTREAL, Jan. 21, 2013 - CN (TSX: CNR) (NYSE: CNI) will issue its fourth-quarter and year-end 2012 financial and operating results tomorrow, Jan. 22, 2013, at 9 a.m. Eastern Time (ET).
CN's senior officers will review the results and the railway's outlook in a conference call/webcast at 1 p.m. ET Jan. 22.
Parties interested in participating in, or listening to, CN's fourth-quarter and year-end 2012 presentation and question-and-answer period by telephone should dial 1-800-355-4959 or 416-641-6122 by 12.50 p.m. ET Jan. 22.
Claude Mongeau, president and chief executive officer of CN, will lead the conference call.
CN will webcast the presentation live and furnish slides supporting the officers' remarks via the Investors section of its website, www.cn.ca/investors. The slides will be posted on the website at 12.30 p.m. ET on Jan. 22. A webcast replay will be available after the call ends.
CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company's website at www.cn.ca.
Friday, January 18, 2013
Haddonfield, NJ, USA, January 18, 2012 - Tucker Company Worldwide (www.tuckerco.com), a freight transportation company is lending a hand, or in this case a free of charge truck driver and 45’ tractor-trailer, to students of Haddonfield Memorial High School (“HMHS”). The students are providing a day of service on Martin Luthor King Day, helping coordinators in Seaside Heights, NJ, by delivering and installing approximately 120 recycled Christmas trees. The trees provide an effective, and environmentally friendly root system for beach dunes.
Haddonfield resident, and parent of Patrick Shea, an HMHS student, Jean Shea is spearheading the initiative. Shea asked Haddonfield Mayor Tish Columbi for the trees. Mayor Columbi offered the trees, and then reached out to Haddonfield residents, brothers Jim and Jeff Tucker, owners of 52 year old Tucker Company Worldwide. The Tuckers offered free transportation logistics coordination. One of Tucker’s premier truckload carrier partners, woman-owned Mustang Expediting, Inc., of Aston, PA then (www.mustangexpediting.com) offered its driver and equipment for free.
On Saturday, January 19 from 12:30 to 1:30, Tucker Company Worldwide staff, their families, along with families from Haddonfield’s J. F. Tatem Elementary School will also be lending a hand to their High School colleagues, by loading the trees into trailer at the Haddonfield Borough Public Works Complex. At approximately 8:30 on Monday, January 21, the truck and a bus full of HMHS students will leave and arrive in Seaside Heights later, to unload and help the installation.
Tucker Company Worldwide, Inc. is America’s oldest operating freight broker, and is based in Cherry Hill, NJ. Tucker specializes in arranging shipments of high value, high security, climate controlled and otherwise sensitive materials for some of the world’s best known brands. Tucker is active in its trade association and serves on a select committee reviewing motor carrier safety for the U. S. Department of Transportation. Tucker has been a first responder supporting the government with trucking of relief supplies for most of the nation’s natural and manmade disasters in the last 30 years.
Pelican Acquires Renowned Minnesota Thermal Science, an Industry Leader of Temperature Controlled Transportation Products
TORRANCE, CA — January 14, 2013 – Pelican Products, Inc., the leader in the design and manufacture of high-performance protective case solutions and advanced portable lighting systems, today announced the acquisition of Minnesota Thermal Science (MTS), the industry leader in global temperature controlled transportation products. Based in Plymouth, Minnesota, MTS will merge with Pelican’s already established BioPharma™ division.
“The combined entity will offer customers an even wider range of the most advanced temperature controlled packaging solutions for the safe transport of pharmaceuticals, tissue, biologics, diagnostics, blood and other healthcare products,” said Lyndon Faulkner, President and CEO of Pelican. “The award-winning thermal protection products of MTS will be matched with Pelican’s global capabilities providing a worldwide solution of re-usable transportation and packaging products and services.”
In addition to Pelican BioPharma cases that offer 140+ hours between 2.0 to 8.0C, customers will have access to the full suite of MTS products including the reusable Credo Cube®, which protects payload contents at defined temperatures longer than any other passive thermal shipper. Equally impressive are the Credo Xtreme® full pallet which holds 890 liters and the half pallet which holds 406 liters, each providing 35 percent more payload space than the closest competitor. In addition to their unique scientific packaging, MTS offers a complete range of services and software to support a reusable temperature controlled packaging solution.
“Joining forces with Pelican will enable us to aim even higher and provide customers with an unmatched global cold chain solution under one company,” said Tom Anderson, CEO of MTS. “We’re confident that together we’ll deliver products and services to the industry better than any competitive offering. An accelerated product development program which will significantly enhance the combined company’s solution set and associated cold chain services is already underway.”
Pelican Products, Inc. is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.
About Pelican Products, Inc.:
Pelican Products, Inc. is the global leader in design and manufacture of both high-performance case solutions and advanced portable lighting systems. Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican products are designed and built to last a lifetime. The company operates in 19 countries, with 26 offices and five manufacturing facilities across the globe. For more information, visit www.pelican.com/biopharma or www.behrmancap.com.
About Minnesota Thermal Science (MTS):
Minnesota Thermal Science is a global cold chain logistics leader, providing patented and award winning temperature controlled packaging solutions. MTS provides advanced technology in thermal protection packaging solutions for the safe transport of pharmaceuticals, tissue, biologics, diagnostics and blood. For more information, visit www.mnthermalscience.com.
About Behrman Capital:
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company's investments are primarily focused in five industries: health care, specialty manufacturing, business to business outsourcing, defense and information technology. The firm has raised five funds with a combined capital base in excess of $3.0 billion. For more information, please visit www.behrmancap.com.