According to the announcement, imports arrive in Atlanta with express connections to 10 points throughout the U.S. southeast. This weekly service has a 22 day transit, the fastest in the market. Destination unpack provides cargo availability within 24 hours at Hartsfield warehouse. CaroTrans has a comprehensive Asia import service network with less cargo handling for ...
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Transportation
ARI acquires HPI fleet
Financial terms were not disclosed. According to the announcement, the transaction is expected to close in October, at which time HPI Fleet will operate as ARI. ARI will manage its continental European operations from its offices in Stuttgart and Frankfurt, Germany, and its UK operations from Chippenham, England. More fleet news >
Read More »IDI, with growing N.J. portfolio, acquiring Verde Realty in 1.1B deal
IDI announced the deal today with Verde, a real estate holding of Brookfield Property Partners LP, creating a combined asset value of more than $2 billion, according to a news release. The transaction brings IDI’s building total to 179 and increases its portfolio to 45 million square feet. The deal follows the August announcement that ...
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How the federal government shutdown will affect your business
The consequences of Washington’s inaction have already resonated across the country, and New Jersey is no exception.Here’s a quick guide to what may or may not be affected today by the shutdown.Q: Will federal Sandy relief projects continue?A: Ed Voigt, a spokesman for the U.S. Army Corps of Engineers’ Philadelphia office, said there will be ...
Read More »Hertz names interim CFO
Park Ridge-based Hertz Global Holdings announced Monday that Elyse Douglas, its executive vice president for finance and chief financial officer, will step down, effective Oct. 1. Douglas will remain with the company until December to assist with the transition.
Read More »Construction begins on new Atlantic Carrier Line container ships
Westfield-based Atlantic Container Line announced today the official steel-cutting ceremony took place this week in Shanghai for its five container ships, marking the start of actual construction.
Read More »Hertz selects Turner Construction for new Fla. location as exit approaches
Park Ridge-based Hertz Global Holdings announced Thursday it has selected New York-based Turner Construction to build its new Florida headquarters. Hertz announced in May its plan to move from Park Ridge to Estero, Florida.
Read More »Avis completes 550M asset-backed notes offering
Avis Budget Group, of Parsippany, announced Wednesday its Avis Budget Rental Car Funding LLC subsidiary has completed an offering of $550 million of five-year, fixed-rate asset-backed notes with a weighted average interest rate of approximately 3.08 percent. The proceeds of the offering are expected to be used primarily to refinance vehicle debt...
Read More »Student Transportation completes two acquisitions
Wall-based Student Transportation Inc. announced today it has completed its acquisition of two school bus companies with fleets in Pennsylvania and New Jersey totaling 170 vehicles. Financial terms were not disclosed.
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200M Port at Paulsboro Building a hub for South Jersey commerce
North Jersey ports rebounded from Sandy, but agency preparing for next storm
