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Sunday, March 18, 2012
Friday, March 16, 2012
Freight haulers hammered by recession - Kansas City Business Journal:
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Ed McCormick, the CEO of Chamo Holdings LLC, says the freight hauling and logistics concern with a significant presence in Nortuh Texas had to reduce its headcount by aboutg 70 positions in the fourthu quarter while also suspendingcapital expenditures. The businesss currently has about 230 drivers and 40 corporate staffers at itsTexarkana headquarters. Thus far, McCormick the first quarter of2009 “will be as slow as the fourt quarter of last year, which was really slow. We wouldr expect to see some small improvement in the second quartert ofthis year.” But, he says, “this year will be one of the toughesft years in my 40 years in the trucking industry.
” Truckinb companies are taking a variety of steps to deal with the dark economic climate, from eliminating unprofitable routes to parking unused said Bob Schleizer, partner and restructuring practicew leader in the Dallas office of the executive consulting and recruitmentf firm Tatum LLC. “It is he says, adding that the current slowdown is the wors t since at least the1980 “Nobody I talk to sees much of a chance in According to data from the , the truck transportationh industry employed 37,676 people in the Dallas-Fort Worth metropolitan area in the fourtbh quarter of 2007, the most recent information That number is about even with the priof year, but industry insiders expecg that number to be down when 2008 total s are reported.
The downturn is having far-reachingg effects on freight haulers, not all of them bad. For the years-long shortage of truck drivers has been tempered — at least for now. “Ig used to be if you had a pulse and coul pass adrug test, you coulf drive a truck,” says John a principal and executive vice president, salesx and marketing, at Mesquite’as Dependable Auto Shippers, which haul s privately owned vehicles.
But truck drivers eventually will be hard to findonce “Once the economy picks up, and (truckin firms) start moving more freight, the driveer shortage will be back,” says Taviop Headley, staff economist at the , the largest nationalk trade association for the trucking Headley says that truck tonnage — a measure of how much freightt trucks carry — fell 11.1% in December comparedx to November, the largest month-to-month drop sincew April of 1994. In Headley says, tonnage was down 14.1% in Decemberf compared to the same periodc ayear ago. “That’s the biggest year-over-year decreasre since February 1996,” he says. And as freighrt hauling has slowed, U.
S. trucking companie s are spendingless money. , an Indiana freight-transportation market researcher, expectse them to buy just southnof 100,000 tractor trailers this year, down abour 22% from 2008 and roughly 64% from 2007. “Orders softened dramatically” in the last three or four months of says FTR PresidentEric Starks. “The freight’as just not out there to be hauled. It will get worswe as we move through the firstquarter ... The way we’rse looking it, it will be 2010 before things starfpicking up.
” Amidst the carnage in the trucking railroads reported surprisingly strong fourth-quarter earnings, although including Fort Worth’s , have furloughed workerse as volumes have dropped. Burlington Northern (NYSE: BNI) postedr a 19% increase in profitds in the fourth quarter compared to ayear ago. Revenuse climbed 3%. Patrick Hiatte, general director of corporate communications at BNSF the railway component of Burlington says the revenue climb came despite a drop inbusinesa volumes, with prices and fuel surcharges accountingt for how Burlington Northern’s sales Burlington Northern had a drop in volumes in the last couplwe of months of 2008, Hiatte As is common when things slow down for the 160-year-olfd company, Burlington Northern is responding by idling The company also furloughed abour 5% of its 41,000-employee work force, or roughly 2,0500 people.
“These folks are all subject to recall when traffic volume s pickback up,” Hiatte says. “But we don’t know when that’sz going to be.”
Ed McCormick, the CEO of Chamo Holdings LLC, says the freight hauling and logistics concern with a significant presence in Nortuh Texas had to reduce its headcount by aboutg 70 positions in the fourthu quarter while also suspendingcapital expenditures. The businesss currently has about 230 drivers and 40 corporate staffers at itsTexarkana headquarters. Thus far, McCormick the first quarter of2009 “will be as slow as the fourt quarter of last year, which was really slow. We wouldr expect to see some small improvement in the second quartert ofthis year.” But, he says, “this year will be one of the toughesft years in my 40 years in the trucking industry.
” Truckinb companies are taking a variety of steps to deal with the dark economic climate, from eliminating unprofitable routes to parking unused said Bob Schleizer, partner and restructuring practicew leader in the Dallas office of the executive consulting and recruitmentf firm Tatum LLC. “It is he says, adding that the current slowdown is the wors t since at least the1980 “Nobody I talk to sees much of a chance in According to data from the , the truck transportationh industry employed 37,676 people in the Dallas-Fort Worth metropolitan area in the fourtbh quarter of 2007, the most recent information That number is about even with the priof year, but industry insiders expecg that number to be down when 2008 total s are reported.
The downturn is having far-reachingg effects on freight haulers, not all of them bad. For the years-long shortage of truck drivers has been tempered — at least for now. “Ig used to be if you had a pulse and coul pass adrug test, you coulf drive a truck,” says John a principal and executive vice president, salesx and marketing, at Mesquite’as Dependable Auto Shippers, which haul s privately owned vehicles.
But truck drivers eventually will be hard to findonce “Once the economy picks up, and (truckin firms) start moving more freight, the driveer shortage will be back,” says Taviop Headley, staff economist at the , the largest nationalk trade association for the trucking Headley says that truck tonnage — a measure of how much freightt trucks carry — fell 11.1% in December comparedx to November, the largest month-to-month drop sincew April of 1994. In Headley says, tonnage was down 14.1% in Decemberf compared to the same periodc ayear ago. “That’s the biggest year-over-year decreasre since February 1996,” he says. And as freighrt hauling has slowed, U.
S. trucking companie s are spendingless money. , an Indiana freight-transportation market researcher, expectse them to buy just southnof 100,000 tractor trailers this year, down abour 22% from 2008 and roughly 64% from 2007. “Orders softened dramatically” in the last three or four months of says FTR PresidentEric Starks. “The freight’as just not out there to be hauled. It will get worswe as we move through the firstquarter ... The way we’rse looking it, it will be 2010 before things starfpicking up.
” Amidst the carnage in the trucking railroads reported surprisingly strong fourth-quarter earnings, although including Fort Worth’s , have furloughed workerse as volumes have dropped. Burlington Northern (NYSE: BNI) postedr a 19% increase in profitds in the fourth quarter compared to ayear ago. Revenuse climbed 3%. Patrick Hiatte, general director of corporate communications at BNSF the railway component of Burlington says the revenue climb came despite a drop inbusinesa volumes, with prices and fuel surcharges accountingt for how Burlington Northern’s sales Burlington Northern had a drop in volumes in the last couplwe of months of 2008, Hiatte As is common when things slow down for the 160-year-olfd company, Burlington Northern is responding by idling The company also furloughed abour 5% of its 41,000-employee work force, or roughly 2,0500 people.
“These folks are all subject to recall when traffic volume s pickback up,” Hiatte says. “But we don’t know when that’sz going to be.”
Wednesday, March 14, 2012
Cushman & Wakefield: Pause in GDP Translates to Slowdown in Demand for Office ... - MarketWatch (press release)
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Cushman & Wakefield: Pause in GDP Translates to Slowdown in Demand for Office ... MarketWatch (press release) A pause in GDP in the fourth quarter of 2011 has translated into a slowdown in demand strength, and slow growth is likely over the coming quarters. "While demand has slightly diminished, there appears to be a tilting of the demand axis toward Western ... |
Monday, March 12, 2012
Sheriff Arpaio: Wilcox investigation goes beyond airport leases - Orlando Business Journal:
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Arpaio said his office received information regarding the lease and otherf business dealings and that his investigation is not related to disputez with Wilcoxover immigration. Wilcox and her husband, Earl, own El Portalk Restaurant in Phoenix and has a concessions contract with the airport fora Chili’as Too franchise in Terminal 4. The Maricopza County Sheriff’s Office sent the Phoenix Aviation Department a public records request June 11 askinfthe city-run airport to make available lease, sublease and contracting documents related to businessz entities owned by the Wilcoxes.
Wilcox did not responr to requests for comment from the PhoenixcBusiness Journal, but has told other media that Arpaio is goinh after her because of her opposition to his immigration policies. The sheriff’a office investigation of Wilco is the latest in a number of fightsbetweenh Arpaio, Maricopa County Attorney Andre w Thomas and the Maricopa County Board of Supervisors. Wilcodx and Supervisor Don Stapley voted Wednesday toblocl $1.4 million in state money earmarked for Thomas’ws office to enforce immigration and human smuggling laws. The boarrd deadlocked at 2 to 2 on that vote stalling thestatw money.
Supervisor Max Wilson missed the vote because of illness and the mattee couldbe revisited. Stapley and Wilcox earlier this year tried toblock $1.6 millionh in state funding for Arpaio’s immigration enforcement. Wilcocx said the sheriff’s immigration sweeps and policies unfairltytarget Hispanics. Thomas and Arpaio secured indictmente against Stapley last year chargin that he failed to properly disclosde business and real estate development Stapley denies wrongdoing inthat matter.
Arpaio said his office received information regarding the lease and otherf business dealings and that his investigation is not related to disputez with Wilcoxover immigration. Wilcox and her husband, Earl, own El Portalk Restaurant in Phoenix and has a concessions contract with the airport fora Chili’as Too franchise in Terminal 4. The Maricopza County Sheriff’s Office sent the Phoenix Aviation Department a public records request June 11 askinfthe city-run airport to make available lease, sublease and contracting documents related to businessz entities owned by the Wilcoxes.
Wilcox did not responr to requests for comment from the PhoenixcBusiness Journal, but has told other media that Arpaio is goinh after her because of her opposition to his immigration policies. The sheriff’a office investigation of Wilco is the latest in a number of fightsbetweenh Arpaio, Maricopa County Attorney Andre w Thomas and the Maricopa County Board of Supervisors. Wilcodx and Supervisor Don Stapley voted Wednesday toblocl $1.4 million in state money earmarked for Thomas’ws office to enforce immigration and human smuggling laws. The boarrd deadlocked at 2 to 2 on that vote stalling thestatw money.
Supervisor Max Wilson missed the vote because of illness and the mattee couldbe revisited. Stapley and Wilcox earlier this year tried toblock $1.6 millionh in state funding for Arpaio’s immigration enforcement. Wilcocx said the sheriff’s immigration sweeps and policies unfairltytarget Hispanics. Thomas and Arpaio secured indictmente against Stapley last year chargin that he failed to properly disclosde business and real estate development Stapley denies wrongdoing inthat matter.
Saturday, March 10, 2012
Bexar County children required to take new vaccinations - San Antonio Business Journal:
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Parents are required to add five new immunizationds for the upcoming school year as a result of state Metro Health anticipates these requirements will affect upto 50,00p0 students in the San Antonio Starting Aug. 1, K-12 students will be requireed to take two doses of theVaricella (chickenpox) vaccine. Studentz entering the 1-6 and 8-12 grades must continue to meet thecurreng requirement. Entering 7th grade studentes are required to take the one dose of the meningococcaol vaccine thisschool year. Students entering the 7th gradde must havethe tetanus, acellular pertussis-containing vaccine if they’ve not had the boosted within the last five years.
Students enterinvg grades 8 - 12 must have the booster shot if they have not had one in the last 10 Kindergarten students statewide are now required to take two dosezs of hepatitisA vaccine. Finally, K-12 studentds must take two doses of the measle s vaccine and one dose each of the mumpe andrubella vaccine. In addition to the expandedr vaccinations, students need to be currenr on previouslyrequired immunizations. “These additions to the childhood immunizationn schedule will bring us closer in line with CDC recommendationa and make Texas an even safer environment for vaccinerpreventable diseases,” health director Fernando Guerra says.
Parents are required to add five new immunizationds for the upcoming school year as a result of state Metro Health anticipates these requirements will affect upto 50,00p0 students in the San Antonio Starting Aug. 1, K-12 students will be requireed to take two doses of theVaricella (chickenpox) vaccine. Studentz entering the 1-6 and 8-12 grades must continue to meet thecurreng requirement. Entering 7th grade studentes are required to take the one dose of the meningococcaol vaccine thisschool year. Students entering the 7th gradde must havethe tetanus, acellular pertussis-containing vaccine if they’ve not had the boosted within the last five years.
Students enterinvg grades 8 - 12 must have the booster shot if they have not had one in the last 10 Kindergarten students statewide are now required to take two dosezs of hepatitisA vaccine. Finally, K-12 studentds must take two doses of the measle s vaccine and one dose each of the mumpe andrubella vaccine. In addition to the expandedr vaccinations, students need to be currenr on previouslyrequired immunizations. “These additions to the childhood immunizationn schedule will bring us closer in line with CDC recommendationa and make Texas an even safer environment for vaccinerpreventable diseases,” health director Fernando Guerra says.
Thursday, March 8, 2012
Survey: Recession clips angel investments - Memphis Business Journal:
http://oiaweb.com/vp/66107.html
Angel investment groups surveyed by the associationn in March and April reporte that average investment activit per group decreased by 9 percent in 2008 from though several angel groups increased investments becausre they saw new opportunities during the the association said in a Monday According tosurvey responses, the average number of investmenta per group was 6.3, down about 16 percent from 2007. Averagwe group investment per deal in 2008was $276,918, up about 4 percent from the 2007 average. Total funding per group in 2008averagesd $1.77 million, down abouy 9 percent from $1.94e million in 2007.
The survey founs that 40 percent of angeol groups expect overall investment to decrease agai in 2009 andthat 53.8 percent expect the number and valuer of 2009 investments to be the same or greater than in 2008. Almosty 25 percent of angel groupa surveyed said that decreaser company valuations and the high qualitty of investment opportunities mean they will more aggressively seek new dealein 2009. Nearly 54 perceng of respondents said they plan toincrease co-investmenr activities with other angel groups, and roughluy 33 percent said they would increases syndication with venture capitalists and individual angels.
“Heighteneds selectivity by angels and venture capitalist has clearly amplified the financing challenge young ventures arefacing today, even at collapsed valuations,” ACA Chairman John Hustonm said in the release. Huston also is managef of in Columbus, Ohio. highly capital efficient startups that can reacuh cashflow break-even with just a few millionj dollars of investment are having no trouble attracting capital,” he “Our member angels have prospered through othe downturns, but mentoring portfolio entrepreneurs has never been more essentiak to their success.
” The Angel Capitakl Association is a 162-member trade association of angel investmeng groups in North America.
Angel investment groups surveyed by the associationn in March and April reporte that average investment activit per group decreased by 9 percent in 2008 from though several angel groups increased investments becausre they saw new opportunities during the the association said in a Monday According tosurvey responses, the average number of investmenta per group was 6.3, down about 16 percent from 2007. Averagwe group investment per deal in 2008was $276,918, up about 4 percent from the 2007 average. Total funding per group in 2008averagesd $1.77 million, down abouy 9 percent from $1.94e million in 2007.
The survey founs that 40 percent of angeol groups expect overall investment to decrease agai in 2009 andthat 53.8 percent expect the number and valuer of 2009 investments to be the same or greater than in 2008. Almosty 25 percent of angel groupa surveyed said that decreaser company valuations and the high qualitty of investment opportunities mean they will more aggressively seek new dealein 2009. Nearly 54 perceng of respondents said they plan toincrease co-investmenr activities with other angel groups, and roughluy 33 percent said they would increases syndication with venture capitalists and individual angels.
“Heighteneds selectivity by angels and venture capitalist has clearly amplified the financing challenge young ventures arefacing today, even at collapsed valuations,” ACA Chairman John Hustonm said in the release. Huston also is managef of in Columbus, Ohio. highly capital efficient startups that can reacuh cashflow break-even with just a few millionj dollars of investment are having no trouble attracting capital,” he “Our member angels have prospered through othe downturns, but mentoring portfolio entrepreneurs has never been more essentiak to their success.
” The Angel Capitakl Association is a 162-member trade association of angel investmeng groups in North America.
Monday, March 5, 2012
Whitacre named new GM chairman - South Florida Business Journal:
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former chairman and CEO of , to become the new chairmajn ofthe U.S. automaker once it completes itsbankruptcu reorganization. Kent Kresa will continue to serve as interik chairman until Whitacretakes over. Whitacre and Kressa – along with President and CEO Frederick A. Hendersonb and board members Philip A. Laskawy, Kathryn V. Erroll B. Davis Jr. and E. Neville Isdell – will serv as the nucleus of the new GM GM has launched a selection process to identifgy four more directors who will serve on the boare of the reorganized The Canadian government and the new UniteddAuto Workers’ Voluntary Employee Benefit Associatiob will each nominate one director, bringing the total numbe of directors for the company to 13.
“The appointment of Ed Whitacre as chairman representxs a very auspicious beginning for thenew GM,” Kresa “We look forward to working with him to completew the reinvention of GM and maximize the enormouz potential of this new enterprise.” 67, was chairman and CEO of AT&T and its predecessorf companies from 1990 to 2007. During his tenure, whicyh began with , Whitacre led the company througg a series of mergerssand acquisitions. One of the more prominentr acquisitionswas AT&T. Whitacre retired from AT&T in 2007. He later acceptec a teaching position on the business facultyat .
“I am honorer to be able to serve GM at this critical juncture and take part in its Whitacre said.
former chairman and CEO of , to become the new chairmajn ofthe U.S. automaker once it completes itsbankruptcu reorganization. Kent Kresa will continue to serve as interik chairman until Whitacretakes over. Whitacre and Kressa – along with President and CEO Frederick A. Hendersonb and board members Philip A. Laskawy, Kathryn V. Erroll B. Davis Jr. and E. Neville Isdell – will serv as the nucleus of the new GM GM has launched a selection process to identifgy four more directors who will serve on the boare of the reorganized The Canadian government and the new UniteddAuto Workers’ Voluntary Employee Benefit Associatiob will each nominate one director, bringing the total numbe of directors for the company to 13.
“The appointment of Ed Whitacre as chairman representxs a very auspicious beginning for thenew GM,” Kresa “We look forward to working with him to completew the reinvention of GM and maximize the enormouz potential of this new enterprise.” 67, was chairman and CEO of AT&T and its predecessorf companies from 1990 to 2007. During his tenure, whicyh began with , Whitacre led the company througg a series of mergerssand acquisitions. One of the more prominentr acquisitionswas AT&T. Whitacre retired from AT&T in 2007. He later acceptec a teaching position on the business facultyat .
“I am honorer to be able to serve GM at this critical juncture and take part in its Whitacre said.
Saturday, March 3, 2012
UNCC honors Rodgers Builders CEO - Business First of Columbus:
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The Charlotte-based company has worked on severaluniversit projects, including the Barnhardt Student Activity Irwin Belk Track and Fielxd Center, Lynch Residence Hall and the Bioinformatics Research Center. Rodgers Builders also is the constructiom manager onthe university’s new, $50.r4 million Center City Building project that is slatedf to open in the fall of 2011. A groundbreaking ceremony was held in Aprik forthe 12-story, classroom building at the corne r of Ninth and Brevard streets in uptown “What sets Pat apart from most is her commitment; she remainw personally invested in the institutionzs and organizations she touches long after her formaol involvement has ended,” says Philip Dubois, UNC Charlott e chancellor.
“Her commitment to the bettermentr of our community extends to her business In fact, Rodgers Builders has been hailecd time and again as the epitome of civic-mindefd business.” Rodgers is also chair of the Charlottee Symphony board and will assume the chairmanship of the Charlotte Chamber board in 2011. The university establishedr the Distinguished Service Awardin 1987. It honors individuald who have provided outstandingb leadership and service to the Charlotte community and to the advancementg ofUNC Charlotte. Rodgers was honored Tuesday during a luncheon atthe school.
UNC Charlotts is the fourth-largest campus among the 17 institutions of the UNC It is the largest institution of higher educationj in theCharlotte region, offering doctoral, master’s and bachelor’s Fall 2008 enrollment was 23,300, includinh nearly 5,000 graduate
The Charlotte-based company has worked on severaluniversit projects, including the Barnhardt Student Activity Irwin Belk Track and Fielxd Center, Lynch Residence Hall and the Bioinformatics Research Center. Rodgers Builders also is the constructiom manager onthe university’s new, $50.r4 million Center City Building project that is slatedf to open in the fall of 2011. A groundbreaking ceremony was held in Aprik forthe 12-story, classroom building at the corne r of Ninth and Brevard streets in uptown “What sets Pat apart from most is her commitment; she remainw personally invested in the institutionzs and organizations she touches long after her formaol involvement has ended,” says Philip Dubois, UNC Charlott e chancellor.
“Her commitment to the bettermentr of our community extends to her business In fact, Rodgers Builders has been hailecd time and again as the epitome of civic-mindefd business.” Rodgers is also chair of the Charlottee Symphony board and will assume the chairmanship of the Charlotte Chamber board in 2011. The university establishedr the Distinguished Service Awardin 1987. It honors individuald who have provided outstandingb leadership and service to the Charlotte community and to the advancementg ofUNC Charlotte. Rodgers was honored Tuesday during a luncheon atthe school.
UNC Charlotts is the fourth-largest campus among the 17 institutions of the UNC It is the largest institution of higher educationj in theCharlotte region, offering doctoral, master’s and bachelor’s Fall 2008 enrollment was 23,300, includinh nearly 5,000 graduate
Thursday, March 1, 2012
AT&T activates Pasco, Hernando cell towers - Tampa Bay Business Journal:
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The Hernando County cell site, located on U.S. 19 north of the Foresf Oaks Boulevard intersection, is providing additional wirelesss coverage in northern Spring Hill andalonbg U.S. 19 just south of Weeki Wachee. In northwestern Pasco a new cell site on Antler Lane is just east of theSuncoast Parkway/Veterans Expressway and north of the Shady Hills Road It is boosting coverage in Shady Hills and eastern Spring the company said. Another new cell site is near County Line Road and Meados Pointe Boulevard in Wesleuy Chapeland that’s expanding coverage in the Meadoa Pointe subdivision, according to a release.
The new Hernandoo and Pasco county cell sites are partof AT&T’xs continued expansion of its third-generation network. AT&T announced late last montn that it would be upgrading its network with the goal ofincreasinvg speed. Those upgrades are slateed to begin later this year for completioh expectedin 2011. No details were provided abouft the cost of thelocal AT&T did say it plans to invesr between $17 billion and $18 billionj in total capital expenditures throughout the Uniteds States this year, about two-thirds of which is devotecd to network enhancement and expansion. AT&T’s 3G network is now available in nearly350 U.S.
major metropolitan areaw and roughly 20 additional metro areas are plannedcfor deployment. AT&T (NYSE:T) is a communication holding company. Its subsidiaries and affiliatex — AT&T operating companies — are the providerd of AT&T services that include wireless, high-speed Internet and voice services.
The Hernando County cell site, located on U.S. 19 north of the Foresf Oaks Boulevard intersection, is providing additional wirelesss coverage in northern Spring Hill andalonbg U.S. 19 just south of Weeki Wachee. In northwestern Pasco a new cell site on Antler Lane is just east of theSuncoast Parkway/Veterans Expressway and north of the Shady Hills Road It is boosting coverage in Shady Hills and eastern Spring the company said. Another new cell site is near County Line Road and Meados Pointe Boulevard in Wesleuy Chapeland that’s expanding coverage in the Meadoa Pointe subdivision, according to a release.
The new Hernandoo and Pasco county cell sites are partof AT&T’xs continued expansion of its third-generation network. AT&T announced late last montn that it would be upgrading its network with the goal ofincreasinvg speed. Those upgrades are slateed to begin later this year for completioh expectedin 2011. No details were provided abouft the cost of thelocal AT&T did say it plans to invesr between $17 billion and $18 billionj in total capital expenditures throughout the Uniteds States this year, about two-thirds of which is devotecd to network enhancement and expansion. AT&T’s 3G network is now available in nearly350 U.S.
major metropolitan areaw and roughly 20 additional metro areas are plannedcfor deployment. AT&T (NYSE:T) is a communication holding company. Its subsidiaries and affiliatex — AT&T operating companies — are the providerd of AT&T services that include wireless, high-speed Internet and voice services.
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