P.M. Executive Briefing - May 11
This Afternoon's Headlines:
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GeoLogistics Moves Itself and HQ Jobs to New O.C. Home
Worldwide logistics provider GeoLogistics relocated its headquarters and 100 jobs to Santa Ana, Calif., from Golden, Colo.; the logistics industry is one of the fastest-growing in the Los Angeles area, with some 424,000 employees.Los Angeles Economic Development Corp. chief economist Jack Kyser said logistics has become highly sophisticated and computerized, spurred by the demands of just-in-time supply chains and e-commerce. The area is close to Pacific trading partners and boasts top ports and an international airport, which is attractive to many logistics firms, including Irvine-based BAX Global.
3 Firms Set Wheels in Motion for 'Net Locator of Auto Parts
The companies CCC Information Services, Automatic Data Processing, and Reynolds and Reynolds are forming ChoiceParts, a Denver-based online parts location, sales, and delivery service for truck and auto dealerships and garages.By putting sales and scheduled delivery online in addition to the locator service, ChoiceParts aims to enable dealers and garages to provide scheduled same-day repair service for customers. Denver Post (05/10/00) P. C-1; Schwab, Robert
Sierra Club Says It Opposes FedEx Hub
Local voices opposing FedEx's plans to build a cargo hub at North Carolina's Piedmont Triad International Airport have been joined by the Sierra Club chapter for Guilford, Randolph, and Rockingham counties.Based on a Federal Aviation Administration draft impact study, the club's executive committee said truck and air traffic as well as development would pollute the air and water too much. The club is hopeful that the opponents, who also have raised concerns about noise, will gain credibility thanks to the club's backing.
The club also said the draft report's plans for reducing the impact on the environment are inadequate; Dan Lynch, a local booster for the FedEx plans, disagreed, saying the draft study indicates "the environmental impact will be marginal and well within manageable limits." Greensboro News & Record (05/10/00) P. B1; Muschick, Paul
Freight Terminal Plan Approved
Westmoreland County, Pa., commissioners have reached a deal with Canadian National Railway and two other railroads for a planned rail-to-truck transfer terminal in East Huntingdon; work should commence before the year is out.According to officials, the Westmoreland Rail Freight Terminal will provide more efficient and economical transportation to U.S. and Canadian ports. Southwest Pennsylvania Railroad runs a county-owned short line there which, in the new deal, will connect with Wheeling & Lake Erie Railway and CN.
The project will be funded with Transportation Equity Act money, which will pay for a line connecting the terminal to Wheeling & Lake Erie tracks in Fayette County and will also fund a new Route 119 interchange serving the site. Pittsburgh Post-Gazette (05/10/00) P. E10; Hoffman, Ernie
Volatile Professional Transport Climbs 29%
Professional Transportation Group's stock price has been wildly fluctuating in recent months, including a 29% increase on Monday; the price has swung as low as 0.3125, in November, and as high as 5.4375, in April. The stock has been tracked for six months by National Securities analyst Frank Giove, who said he could not explain the stock's volatility. Dow Jones Newswires (05/08/00); Fonti, Nancy© copyright 2000 INFORMATION, INC. Terms of Service
