Content about Transport

April 23, 2014

Federal Express Canada Ltd. has reached an agreement with Home Hardware Stores Ltd. that allows individual dealer-owners the ability to house full-service FedEx Authorized ShipCenters within their stores.

Mississauga, Canada - Federal Express Canada Ltd. has reached an agreement with Home Hardware Stores Ltd. that allows individual dealer-owners the ability to house full-service FedEx Authorized ShipCenters within their stores. The FedEx Authorized ShipCenters will be rolled out across Canada in a series of implementation waves throughout the year.

April 17, 2014

Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock.

New York -- Leonard Riggio, chairman of Barnes & Noble Inc., has sold 3.7 million shares of Barnes & Noble common stock. After the sale, his holdings are expected to represent approximately 20% of Barnes & Noble’s common stock outstanding.

Riggio said the sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.

April 8, 2014

Vuzix Corp., a U.K.-based supplier of video eyewear and smart glasses products, and Vision Smarts, a Belgian company that develops, distributes and supports software libraries for image recognition and real-time video analysis, have created a custom built-version of the “pic2shop” application specifically for use with the M100 Smart Glasses.

Oxford, U.K. -- Vuzix Corp., a U.K.-based supplier of video eyewear and smart glasses products, and Vision Smarts, a Belgian company that develops, distributes and supports software libraries for image recognition and real-time video analysis, have created a custom built-version of the “pic2shop” application specifically for use with the M100 Smart Glasses.

April 4, 2014

Third-party logistics (3PL) provider Transportation Insight is introducing a line of end-to-end e-commerce solutions.

Hickory, N.C. --Third-party logistics (3PL) provider Transportation Insight is introducing a line of end-to-end e-commerce solutions. As a full-service 3PL providing domestic transportation, international logistics and warehousing services, Transportation Insight collaborates with e-commerce clients' existing transportation departments.  

The strategic partnership uses the best of the shipper's historic practices and advanced third-party logistics processes to achieve cost reductions, improve supply chain visibility and enhance customer service.

March 28, 2014

U.S. retailers reportedly have $300 million in refunds with ocean freight vendors, yet they are unaware of this because of invoice errors by their ocean freight transportation providers.

Washington, D.C. – U.S. retailers reportedly have $300 million in refunds with ocean freight vendors, yet they are unaware of this because of invoice errors by their ocean freight transportation providers. According to a report from ocean freight auditing service Ocean Audit, problems with infrastructure of ocean freight carriers are also part of the issue.

March 19, 2014

Slated to open in August, The Outlets at Tejon has announced the appointment of Brian P. Hassett as the new center’s general manager.

Tejon Ranch, Calif. — Slated to open in August, The Outlets at Tejon has announced the appointment of Brian P. Hassett as the new center’s general manager. Hassett brings more than 25 years of experience in the retail industry — more than 10 of them focused on outlet retail — to the post.

March 11, 2014

Visual IQ, a cross-channel marketing attribution software provider, announced that it has been selected as the exclusive marketing attribution provider for Crate and Barrel.

Needham, Mass. – Visual IQ, a cross-channel marketing attribution software provider, announced that it has been selected as the exclusive marketing attribution provider for Crate and Barrel. The brand will deploy the company’s IQ Intelligence Suite to measure and optimize marketing spend across its myriad of online and offline marketing channels.
 

January 20, 2014

Jones Lang LaSalle has named Greg O’Brien chief executive officer, Americas.

Chicago — Jones Lang LaSalle has named Greg O’Brien chief executive officer, Americas. Reporting directly to Colin Dyer, president and CEO of JLL, O’Brien will have overall responsibility for the Americas business. He will be succeeded as CEO, Markets by John Gates. Both appointments are effective immediately.

Currently a member of the firm’s Americas Executive Committee, which sets the strategic direction for the region, O’Brien will now head this group and join the firm’s Global Executive Board.

 

December 20, 2013

Jones Lang LaSalle is expanding its retail brokerage platform into Phoenix.

PhoenixJones Lang LaSalle is expanding its retail brokerage platform into Phoenix. Tyson Switzenberg will lead the firm’s new Phoenix practice. Senior Associate John Reva and Associate Trask Switzenberg will join him.

December 17, 2013

TravelCenters of America said it has completed its acquisition of 31 convenience stores/gas stations in Kentucky and Tennessee for $67.9 million.

Westlake, Ohio -- TravelCenters of America said it has completed its acquisition of 31 convenience stores/gas stations in Kentucky and Tennessee for $67.9 million. The deal was first announced on Nov. 14.

December 6, 2013

The Model S is the world’s first premium sedan built from the ground up as an electric vehicle and has been engineered to elevate the public’s expectations of what a premium sedan can be.

The Model S is the world’s first premium sedan built from the ground up as an electric vehicle and has been engineered to elevate the public’s expectations of what a premium sedan can be. Model S has received many of the industry’s most prestigious awards and accolades during its first year on the market.

October 23, 2013

FedEx expects to transport more than 22 million shipments around the world on Cyber Monday, Dec. 2, which it anticipates will be its busiest day in company history.

New York -- FedEx expects to transport more than 22 million shipments around the world on Cyber Monday, Dec. 2, which it anticipates will be its busiest day in company history. The 11% year-over-year increase will be driven by online retailers feeding the FedEx Ground and FedEx SmartPost networks.

October 17, 2013

The Howard Hughes Corp. on Thursday officially broke ground on the redevelopment of Manhattan’s South Street Seaport, with a ceremony at Pier 17.

New York -- The Howard Hughes Corp. on Thursday officially broke ground on the redevelopment of Manhattan’s South Street Seaport, with a ceremony at Pier 17.

The redeveloped Pier 17 is expected to open in 2016, with a mix of retail, dining and entertainment options highlighted by a one and a half-acre rooftop that will include a restaurant, two outdoor bars and an amphitheater that will hold up to 4,000 people for concerts and special events.

October 15, 2013

Jones Lang LaSalle has hired Todd Wallace and Robert O’Farrell to lead its retail brokerage practice in Austin, Texas.

Austin, TexasJones Lang LaSalle has hired Todd Wallace and Robert O’Farrell to lead its retail brokerage practice in Austin, Texas. Wallace joins the firm as an executive VP and O’Farrell will serve as a senior VP.

“We’re committed to growing our local market retail practice in key hubs around the United States,” said Greg Maloney, president and CEO of Retail, Jones Lang LaSalle.

October 8, 2013

Marketers are constantly combating shopping cart abandonment, and with good reason: Abandonment rates range from 70%-80%.

Durham, N.C. -- Marketers are constantly combating shopping cart abandonment, and with good reason: Abandonment rates range from 70%-80%. The good news is that much can be done to reduce abandonment, recapture sales from abandoned shopping carts, and provide a better shopping experience for consumers, according to a new report by Bronto Software and Magento

September 11, 2013

Alco Stores, Inc. is not accepting an acquisition proposal from Everbright Development Overseas, Ltd., Luis Chang and Mai Wong.

Coppell, Texas – Alco Stores, Inc. is not accepting an acquisition proposal from Everbright Development Overseas, Ltd., Luis Chang and Mai Wong. The Alco board of directors has determined that the proposal, tendered on Sept. 6, is not a superior proposal to a roughly $47 million offer the retailer received from Argonne Capital Group LLC on July 25.

September 11, 2013

Jones Lang LaSalle recently appointed senior VP Larry Kilduff, a 25-year industry veteran, as head of the firm’s Midwest Retail platform, which is based in Chicago.

Chicago — Jones Lang LaSalle recently appointed senior VP Larry Kilduff, a 25-year industry veteran, as head of the firm’s Midwest Retail platform, which is based in Chicago. Prior to JLL, Kilduff owned and operated two retail real estate development companies and worked with leading retailers including Wal-Mart, Target, Kmart, Sears, Bon-Ton, Kohl’s and J.C. Penney.

September 11, 2013

The Pep Boys – Manny, Moe & Jack reported net earnings of $5.4 million for the second quarter, down from $33 million in the year-ago quarter.

Philadelphia -- The Pep Boys – Manny, Moe & Jack reported net earnings of $5.4 million for the second quarter, down from $33 million in the year-ago quarter.

Sales for the quarter increased 0.4% to $527.6 million, from $525.7 million for the prior-year quarter. Same-store sales dipped 1.3%.

The company is looking for heavier consumer demand for tires to help turn around disappointing net earnings and same-store sales trends during the second quarter of fiscal 2013.  

September 10, 2013

Cabela’s Inc. has seen improvement in throughput and saved on operating costs since implementing the use of Seegrid’s unmanned robotic pallet trucks at its Wheeling, W.Va., distribution center in July 2010.

Pittsburgh – Cabela’s Inc. has seen improvement in throughput and saved on operating costs since implementing the use of Seegrid’s unmanned robotic pallet trucks at its Wheeling, W.Va., distribution center in July 2010. The retailer has used Seegrid robots to reduce manned long haul transports, handle a high variety of product flow and provide flexibility to change routes.

September 9, 2013

The Pep Boys - Manny, Moe & Jack has acquired 17 Discount Tire Centers in Southern California from AKH Co.

Philadelphia – The Pep Boys - Manny, Moe & Jack has acquired 17 Discount Tire Centers in Southern California from AKH Co. These 17 stores are located throughout the greater Los Angeles market, from Bakersfield to Orange County.

September 3, 2013

Jones Lang LaSalle has brought on Adam Cody as a VP in its Chicago office.

Chicago -- Jones Lang LaSalle has brought on Adam Cody as a VP in its Chicago office. He will work with executive VPs Lew Kornberg and Walter Wahlfeldt to expand the firm's retail tenant representation capabilities.

August 27, 2013

Boston Barricade Company was chosen as the exclusive barricade and graphics provider for the grand opening of the Fashion Outlets of Chicago., Rosemont, Ill.

Vero Beach, Fla. -- Boston Barricade Company was chosen as the exclusive barricade and graphics provider for the grand opening of the Fashion Outlets of Chicago., Rosemont, Ill. The first fully enclosed mall to open in the Chicago-area in over 20 years, the 530,000-sq.-ft. center is developed, owned and operated by AWE Talisman and managed by Macerich, a national mall developer.

August 26, 2013

Jones Lang LaSalle announced Monday it has acquired Means Knaus Partners, a Houston-based property management company as part of the firm's expansion in third-party property management.

Chicago -- Jones Lang LaSalle announced Monday it has acquired Means Knaus Partners, a Houston-based property management company as part of the firm's expansion in third-party property management.

The deal boosts Jones Lang LaSalle's portfolio of office space under management by 16 million sq. ft. of space with properties located primarily in Dallas, Chicago, Denver, Houston, Los Angeles, Orlando, Fla., and Tampa, Fla.

July 25, 2013

Alco Stores Inc. has entered into an agreement to be acquired by private investment firm Argonne Capital Group LLC.

Abilene, Kan. -- Alco Stores Inc. has entered into an agreement to be acquired by private investment firm Argonne Capital Group LLC.

The Atlanta-based Argonne will acquire all the outstanding share of Alco's common stock for $14 per share in cash. The proposed transaction, expected to close later year, would total about $47 million.

Alco's board of directors has unanimously approved the merger agreement and is recommending that shareholders approve it.

July 22, 2013

Spartan Stores and Nash Finch Company on Monday announced that they have entered into a definitive merger agreement under which Spartan Stores and Nash Finch will combine in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company.

Grand Rapids, Mich. -- Spartan Stores and Nash Finch Company on Monday announced that they have entered into a definitive merger agreement under which Spartan Stores and Nash Finch will combine in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company.

Nash Finch, which had revenues of about $4.8 billion last year, will become a subsidiary of Spartan Stores, which had revenues of $2.6 billion.