Transportation

NFI acquires major Calif. warehouse portfolio in latest deal

Building on strong results from other acquisitions, Cherry Hill-based NFI announced Tuesday it has acquired the West Coast operations of Gilbert Co., a subsidiary of Maersk. NFI added 4 million square feet of West Coast warehouse space to its holdings, which now total 21 million square feet in North America. The new acquisitions, all in ...

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Merck completes Inspire deal

Whitehouse Station-based Merck & Co. Inc. has completed its takeover of North Carolina-based Inspire Pharmaceuticals Inc., the company said Monday. Inspire is a specialty pharmaceutical company focused on ophthalmology. The $430 million deal was announced last month. In a press release announcing the closing of the deal, Beverly Lybrand, Merck’s senior vice president and general ...

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Transportation industry challenges extend beyond fuel costs

The transportation industry faces a host of challenges, and the rising price of fuel is just one of them. The transportation industry also has to cope with challenges like disruptions in Japan’s supply chain and an overall weak economy, said Paul Will, chief operating officer of Celadon Group Inc., an Indianapolis-based publicly held full-truckload freight ...

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